• You do NOT need to bring a Blue Book

• Bring a calculator (scientific calculators are allowed)
  

Note: (1) you need to explain (= show the work for) your answers in order to get credit;
          (2) you are only allowed to have the exam and a calculator; 
                if you are caught with any extra material (e.g. extra sheets of paper) your exam
                will be immediately collected and you will get 0 points for this exam.
          (3) if you do not stop writing when told so at the end, a penalty of 10 points will be
                applied to your score.

.
• Topics covered: Chapters 2 and 3 of the textbook.
  (No need to memorize the axioms of expected utility, just try to make sense of them.)
  
.
• Try all the exercises in Chapters 2 and 3 of the textbook.
        No peeking at the answers until you have made a very serious effort at solving the problems!
 
• Try the practice exam for the First Midterm posted on the web:
           http://www.econ.ucdavis.edu/faculty/bonanno/teaching/103/FirstMid_practice.pdf
        No peeking at the answers until you have made a very serious effort!