Hi , Are we expected to memorise the "formula approach" to determine the amount of surplus from each source ? I know it is in the core reading (and hence this is examinable), but any further insights on this? One would say to understand the mechanism rather than memorising, but if under exam conditions, i find it may be more time efficient to have the formula in mind. The same goes to Analysis of EV - FOrmula Approach. There are plenty of formulaes. Thanks for any advice given.
All the formulae in the Core Reading could be examined directly. However, I would agree that it is more important to understand the mechanism than to merely memorise the formulae. The formulae given in the course only apply to certain types of contracts. However, past exam questions have considered other situations where you are required to derive your own formulae. Best wishes Mark
With just a few days to go until the exam, I can't be the only student considering ignoring the formulae for analysis of surplus and analysis of EV movement? When were these formulae last examined please?
