Final Examination
May 7, 2001

Name:

Throughout this course, we have repeatedly referred to the basic equation

S = I

It has occurred in a number of formats and with a number of applications.

Taking this equation as a starting point, carefully explain why it comes about, discuss its extensions, and then show its application to a number of economic problems and issues. Your grade will be based on the care of your explication, both of the equation and its extensions, as well as the breadth of the economic problems and issues you explicate with this equation.