Who knew about Coase Theorem & Molodovsky Effect before the 2013 Mock exam

I didnt and got both of them wrong

Towards the end of writing that test i started getting the feeling that maybe i have skipped too much of the curriculum to encounter such absolutely new concepts 5 days before the exam

Just looked up in the curriculum notes and both of these have just 1 (one) reference each in the text (apart from glossary & index listings)

Re-takers have warned us already about encountering such stuff on the actual exam too … and i have taken note of that

Problem is … I dont know a way to get around this issue … 5 days before the test

What are you guys doing about this ??

Praying mate. I had the same problem.

coase or curse theorem angry

hey google whats ur overlall score in mock ?

Molodvsky effect is mentioned in passing in the text.

I wrote a paper on Ronald Coase in college (econ major) and was thrilled to finally put that knowledge to work!

Molodvsky is in the CFAI text

Infact both of them are there in the CFA text … albeit referenced just once … as i already mentioned in my original post

The more frustrating part is that I know what the Molodovsky effect is from my experience of tracking cyclical stocks … and i would have got it right … if u didnt call it by that name … and just tell me the essence of that effect in plain language … just to get it wrong as i couldnt put a name to the effect is very disappointing

I managed 70% overall … AM 45/60 & PM 39/60 … but the quality of the result was very poor … as i guessed far too many questions … and surprisingly the hit-rate of the guesses was very good … i would normalize my score by 5 points in each session to account for that

If the question asks “most likely correct”, my focus is always on the remaining 2 options, if I find the correct answer on those 2 options, I just bubble and move to next question.

70 is awesome

what is the coase theorem again ? already fogot :):slight_smile:

It is carbon credits trading in theory … basically industrial sinners can trade their sins for a price

This is why I say this test for me will come down to the luck of the draw ol

I plan on dealing with this issue by re-reading all the material on Wed/Thursday… problem solved.

Re-reading the entire curriculum?

DID I STUTTER?

hahaha

I didn’t remember Coase but got it right, vaguely remembered Molodovsky but got that one wrong, go figure.

I got Coase right because the other 2 answers did not describe the situation, so process of elimination.

Molodovsky was really borderline, I considered picking that but changed my mind and guessed one of the other ones, that was an area I need to review.

Haha, good post. As did I get them both wrong. funny enough, when review my notes after the mock, I did write down the Modolvsky effect, the coase theory, I have still yet to see in my notes.

Remembered Coase because I did an economics degree, remembers Modolvsky because I have been watching the Americans…