This study guide is a guide, not a contract.  All the material in the text, reader, and lectures is fair game, regardless of whether it is explicitly mentioned here.  But this guide does say what I consider most important to study for the exam.

The exam will be targeted only at the material we have covered since the previous exam, i.e., the deSoto text, the Ayolé video & commentary, Chs. 3 & 7 of the KRMH text (on development aid and on political development), and the LCRE text..  However, I expect you to remember the fundamentals of what we studied before.

The exam will be approximately half short essay (definition-type) questions and half longer, analytic-type essay questions.  My intention is to make both parts count roughly the same.

You will have a good deal of choice of questions, although choice will be inversely proportional to the importance of the topic.  If you have the time, it is often useful to include information surrounding and situating the core answer. This does not mean a "data dump".  When you include irrelevant information, it makes me think that you've memorized lots of stuff but don't really understand the subject of the question.

To study efficiently:

• Review the syllabus to see what we've covered.
• Review the online notes I've posted on the various topics.  But be aware that these are just my ad hoc efforts to summarize what I plan to say.  They aren't necessarily complete.
• You should go over the deSoto text with the main question in mind, "What is involved in the enlivening of capital, and how does the author propose to create it in the Third World?"
• You should go over the LCRE text asking yourself, for each chapter, "What is the myth?" and "Why do the authors consider it a myth?"  And you should always be asking yourself, "How does this myth-and-reality connect to the authors' concept of democracy?"  Chapters 7 & 8 (on the free market and free trade) are the most important chapters to understand.