Thought it was OK. Definitely harder than the April exam, which I did as a mock beforehand. But probably a bit easier than the Acted Mock Exam A.
The first two questions (stochastic dominance and indifference curves) might have caught a few people out since it doesn't seem these topics have been tested in that level of detail previously. Also, the last question (Merton model) required interpolating the table values which was a real pain given the time limits in the exam.
Last edited by a moderator: Oct 10, 2017