Exams are open book and, therefore, all questions involve some thinking.
No memorization of formulas or definitions is needed. In the first part of each exam, there will be four problems. The second part involves the interpretation of a WSJ article. I do not pull any surprises during exams. That is, the best way to prepare for the exam is to go over examples and exercises on the book, and to prepare the WSJ cases that will be discussed in class.