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The General Board give notice that, on the recommendation of the Faculty Board or other authority concerned, the regulations for certain University examinations have been amended as follows:
Regulation 15.
By amending the title of Paper 7 so as to read:
Paper 7. Banking, money, and finance.
The supplementary regulations for the Economics Tripos (Statutes and Ordinances, p. 264) have also been amended as follows:
By amending the second paragraph so as to read:
In addition to one question of an applied economic or sociological character, candidates will be required to answer questions which directly test their ability to use statistical techniques. Candidates are expected to be familiar with and to use, where appropriate, shortened or approximate methods of calculation. Statistical tables will be provided.
By amending the detail so as to read:
This paper will be concerned with three main themes in the industrial development of Britain between 1750 and 1939: the industrial revolution, problems of growth and trade in the mature economy up to 1914, and the inter-war years; it will also cover some of the demographic and social changes associated with this industrial development. The specific topics which will be covered in the course of the analysis of the main themes include the long-run growth of output, productivity, and the standard of living; the costs of growth; demographic changes; capital accumulation and technical progress; entrepreneurship; foreign trade, the export of capital, and the role of the Empire; changes in the industrial structure; the labour market; government economic policies.
By amending the regulation so as to read:
This paper will have the following subject matter:
The nature of money and liquidity; demand for money by households and firms; the banking system; composition of the money stock and methods of control over money and credit; definition and measurement of risk; portfolio selection behaviour; the term structure of interest rates; capital markets, asset pricing, and the finance of investment; developments in world capital markets; the implications of international financial flows for domestic monetary management and the exchange rate; regulatory and supervisory issues in banking and finance.
The paper will require knowledge of the relevant theories, institutions, and recent events in the international financial system, the UK, and elsewhere. Questions may be set relating to the practices of other countries.
In this paper some questions will be set which permit candidates to show capacity to interpret and handle statistical evidence and to apply analytical tools.
By deleting the last paragraph.
The Faculty Board of Economics and Politics give notice that, with effect from the examinations to be held in 1998, the form of the examinations for the Economics Tripos and for the Preliminary Examination for Part II will be changed as follows:
This paper will be divided into three sections. Sections A and B may contain questions on any part of the course; Section C will contain questions of an applied economic or sociological character. Section A will consist of a series of short questions. Candidates will be required to answer six questions from Section A, two from Section B, and one from Section C. Section A will carry thirty per cent of the marks; Sections B and C will carry twenty per cent and fifty per cent of the marks respectively.
This paper will be divided into two sections. Section A will contain nine short questions; Section B will contain six longer questions. Candidates will be required to attempt all the questions in Section A and two questions from Section B. Each section will carry fifty per cent of the total marks.
Candidates will be required to answer all the questions in Section A and two questions from Section B. Section A will carry sixty per cent of the marks.
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