A Midterm exam is scheduled for this week. You can obtain max.50 points answering 11 multiple-choice questions (2 points each) and 7 open questions (per 5 points). 

The time limit for completing the test is 50 minutes.

As we have to evaluate the open questions' manually, you'll be able to check your results from next Monday. 

The test opens at 9:05 and you can access it here 

Be sure to complete the test till 10:00 a.m. Good luck.

Readings for the topic

The economic dimension of policy and policy evaluation

You're supposed to be able to:

1. Explain the role of economic analysis of public policies. 

2. Explain an essential principle of the economic evaluation.

3. Enumerate main methods of economic evaluation and clearly explain their specific features. (How they differ?)

4. Choose the best one for a particular model/real situation.

5. Describe the gradual steps in performing an economic analysis.

6. Explain the main pitfalls of price setting of intangible costs and benefits.

7. Explain the role of time in economic evaluation (depreciation, decision-making)

8. Suggest a sensible method for evaluation of some typical intangible benefits of public policies (saved lives, better health, nature preservation, crime reduction...)

Here you can access the presentation from April, 16