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B100: Strategies for Success

BASIC PRINCIPLES OF TEST PREP. KEEP UP KEEP UP KEEP UP. Manage your ... with test dates in as far ahead as possible. A week ahead, make a test prep time schedule ...

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B100: Strategies for Success

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  1. B100: Strategies for SuccessTest Preparation Ryerson School of Business

  2. Comp., memory and review: Amount retained Time of learning Review 2 Review 1

  3. YOU ARE MORE LIKELY TO GET HIGH GRADES ON TESTS AND EXAMS IF YOU MAKE YOUR OWN TESTS AND EXAMS EITHER AS YOU DO YOUR KEEP UP OR AT TEST/EXAM TIMESO MAKE YOUR OWN TEST/EXAM QUESTIONS AND ANSWER THEM!

  4. There is no reason whatsoever that you cannot anticipate or guess quite accurately the questions that a prof will put on a test/exam.

  5. Course Outline Concepts Questions Lecture Notes Concepts Questions Text Chapters Concepts Questions Before the prof gets to you Your own Test Exam Questions The profs Test/Exam questions

  6. How much work you do at test/exam timedepends on how much you do during the semester!Therefore, when you do your keep-up homework, make questions and answersdo the exercises, problemsmake notesmake information “maps”

  7. At test/exam time, in high priority courses, the worst thing is to face chapters that have not been annotated, without questions-answers, without summary notes, without clearly written and annotated solutions to problems

  8. BASIC LAW OF TEST PREP:KEEP UP, KEEP UP, KEEP UP LECTURES ASSIGNMENTS PROBLEMS TEXT

  9. BASIC PRINCIPLES OF TEST PREP • KEEP UP KEEP UP KEEP UP • Manage your time!! Esp. term calendar with test dates in as far ahead as possible. • A week ahead, make a test prep time schedule • Don’t avoid the hard parts! Face them; get help • Do the comprehension work as you go; especially in cumulative and quantitative courses

  10. BASIC PRINCIPLES OF TEST PREP • Make notes of various kinds • And/or • Mark and annotate your text/readings as you go • Organize serious study groups: • Q & A each other

  11. HOW TO CRAM GOOD • Cramming is ok if its in appropriate course and if you do it right • Not intellectually complex • Mostly memory oriented rather than complex analytic thought • Not a prerequisite or cumulative course • Already have good background • Common sense content • Not high quantity

  12. Lecture notes Summary notes Crib sheets Information “maps” Flash cards Text highlight Marginal notes notes

  13. KINDS OF TEST PREP NOTES 1. Q & A notes 2. Flash cards: • Definition type • Q & A type • Concept – information type • Concept – diagram type • Operation – procedure type • Problem solving type

  14. 1. Remember the Q & A note style? HIDE THIS SIDE CAN YOU ANSWER THE QUESTIONS? WHAT IF YOU CAN’T? Test Q’s this side Answers on this side

  15. Question Concept Operation Problem Answer Information Diagram or process Graphs Formulae & solution 2. Flash cards:

  16. Measuring the depreciable Basis of an asset? Estimating useful service life of an asset? Deciding pattern of expiration or asses cost over useful service life? The answer to the question (page ref.) The process or example of these Example Explanation or steps Formula Definitions

  17. Depreciation: Straight line method Definition Formula in words Example Page ref.

  18. KINDS OF TEST PREP NOTES • Concept or summary notes: • summarize main ideas of theory chapter • Quantitative course: Key term definitions, formulae, theorems, symbol notations, graphs, key example or “type” problems • Mnemonic tricks: • first letter of key words • Make a vivid sentence or “sayings” out of key words

  19. What you can put in a “concept” or chapter summary: • Key terms and definitions • Formulae • Explanations • Basic problem types given • Exceptions or warnings or “remember to do’s” or “killer” problems • Comparisons to related concepts: similarities & differences:

  20. KINDS OF TEST PREP NOTES • Information “Maps” (use color) • Concept Grids or tables • Q & A grids or tables • Flow charts, process, relationship diagrams • Picture and info sheets • “Tree” diagrams • Compare/contrast, pro/con charts • “Silly” picture notes

  21. Why information “maps”? • You are organizing and structuring the info so you are making it into knowledge • You can integrate lecture and text material in one place • You are reducing info to essentials • Maps let you see relationships among ideas • You are using your visual and your “kinesthetic” (writing) learning modes • Visual patterns are more memorable

  22. Example of a flow chart info map: Opening balance Close the entries Do transactions & analyze them Prepare a statement Enter these transactions into journal Adjust the trial balance and entries State your trial balance Post these

  23. Example of a key term note: Law of Demand: Quantity demanded Price P Qd Law of Supply: Quantity demanded P Qd Price

  24. Key term note: Diminishing marginal return: The more you get, the less you are satisfied or the more you want! Quantity Satisfaction Substitution Effect: Price You pay less Income Effect: Price (P) Purchasing You buy more Memory Code: GREED! Or The more there is to buy, the more you want and if price is low, the more you buy!

  25. Debits and Credits and T-Accounts AE – LOR Debit …………… ……… Credit Debit ………………… Credit + Asset Liability + + Expense Owner’s Equity + Revenue + (+ = increase account; = decrease)

  26. Exampleof a grid type info map: Pure monopoly Pure Competit’n Monopolistic Oligopoly Def.? Demand Supply Rel? Eg.?

  27. Fixed cost Variable cost Marginal cost Total cost Def.? formula Rel. of MC to AVC/ATC

  28. Mean quartiles Median Mode mid-range Def.? formula Example

  29. Q&A Decision Tree note: Is there a correl. Between these data? Is it continuous? Do a Pearsons r yes Y No Do you know the population parameter? Do a one sample t test Is there one sample mean? Y Y N Do an independent sample t test Are they independent? Are there two sample means? Y Y N N Do a dependent samples t test ANOVA

  30. Economics: (ch. 4) Demand, Supply and Equilibrium D S • Buyer taste • # buyers • Change of income • Change of • expectation • Technology • Resource prices • Taxes/subsidy • Price of goods • Expectations • # of suppliers surplus $4 $3 $2 shortage

  31. ANALYSE YOUR TEST RESULTS!See section page in MOI Book • Takes courage but • Is a very strong self-monitoring strategy • Main questions: • Did I do as well as I could have? • Did I get a low mark because I skipped certain parts of the course material? • Did I get a low mark because I just didn’t know what I thought I knew? • How should I study or manage the course differently?

  32. “Whole course” super-summary or crib sheets

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