Equivalency Exam Information

What are equivalency exams:

Equivalency Exams at Fletcher are optional exams offered during the academic year that students may attempt, to either satisfy a breath requirement, or be able to take a higher-level course to satisfy a breadth requirement.

In cases when an equivalency exam is offered by Fletcher (please see the exams offered below), the successful completion of an equivalency exam does not constitute transfer credit; it does not entitle the student to count that course for credit. Students may not obtain equivalence for required courses through cross-registration in similar courses at Harvard or elsewhere during the academic year.

The equivalency exams offered to MALD, MGA, LLM, MATA, and MA students are:

E201 Introduction to Economics
E210M Quantitative Methods
B205 Data Analysis and Statistical Methods

The equivalency exams offered to MIB students are:

E201 Introduction to Economics
E210M Quantitative Methods
E217M Managerial Economics
B206 Data Analysis and Statistical Methods for Business

When are equivalency exams offered:

Exams:	Semester Offered:	Date Offered:
B205 Statistical Methods	Fall & Spring	Orientation
B206 Statistics for Business [MIB only]	Fall & Spring	Orientation
E201 Intro to Economics	Fall & Spring	Orientation
E210M Quantitative Methods	Fall & Spring	Orientation

E217M Managerial Economics [MIB only]	Fall	Orientation

Where are the equivalency exam offered?

The equivalency exams are only offered online on Tufts Canvas. All incoming students are automatically added to the Canvas site during orientation.

B205 Statistical Methods Equivalency Exam

Note: MIB students cannot take B205 to satisfy breadth requirements, if they wish to take an equivalency exam in statistics they must take B206 Statistics for Business Equivalency Exam

About the exam:

The exam is 3 hours [180 minutes] and consists of both multiple-choice questions and long answer questions that require you to show your work. For Questions that require student to show their work, students can either write their responses directly into canvas or upload their response in the form of a jpeg, or pdf. Should a student wish to upload their response, they will need to make sure to leave enough time to do so. Extra time will not be given for students to upload their responses.
Only the use of a simple calculator [non-scientific] is permitted. The use of a graphic or scientific calculator is prohibited. Other than the reference material provided with the exam [T-table, Z-table, and formula sheet], no outside material maybe consulted.

How to Prepare:

The below details outline material that will be covered on the B205 Equivalency Exam. The chapter numbers refer to the following text:
- Text: Levine, et al, Statistics for Managers Using Microsoft Excel, 5th edition, Prentice Hall, 2008, ISBN-10: 0132252147:
  - Chapters 1&3: Basic statistics and concepts: data collection and the nature of numerical information; descriptive measures of central tendency, dispersion, and skew.
  - Chapter 4: The concepts and rules of probability
  - Chapter 5: Discrete probability distributions: The expected value operator. Chapter 5 (section 5.1 only).
  - Chapters 6 & 7: The normal distribution and sampling distributions: (skip sections 6.3, 6.4, 6.5, and 6.6) and chapter 7.
  - Chapter 8: Statistical inference I: Confidence intervals. (skip sections 8.3 and 8.5).
  - Chapter 9: Statistical inference II: Hypothesis testing. (skip section 9.5).
  - Chapters 13 & 14: Statistical inference III: Correlation and Regression analysis

Fulfilling the Quantitative Reasoning Breadth Requirement:

To see how passing the B205 Equivalency Exam will affect your academics, please look up your degree here: https://fletcher.tufts.edu/academics/courses

B206 Statistics for Business Equivalency Exam [MIB Only]

Note: MIB students cannot take B205 to satisfy breadth requirements, if they wish to take an equivalency exam in statistics they must take B206 Statistics for Business Equivalency Exam

About the exam:

The exam is 3 hours [180 minutes] and consists of both multiple-choice questions and long answer questions that require you to show your work. For Questions that require student to show their work, students can either write their responses directly into canvas or upload their response in the form of a jpeg, or pdf. Should a student wish to upload their response, they will need to make sure to leave enough time to do so. Extra time will not be given for students to upload their responses.
Only the use of a simple calculator [non-scientific] is permitted. The use of a graphic or scientific calculator is prohibited. Other than the reference material provided with the exam [T-table, Z-table, and formula sheet], no outside material maybe consulted.

How to Prepare:

The outline below details material that will be covered on the B206 equivalency exam. The chapter numbers refer to the following text:
- Text: Levine, et al, Statistics for Managers Using Microsoft Excel,8th ed, Pearson, 2017, ISBN 13: 978-0-13-417305-4; ISBN 10: 0-13-417305-8:
  - Chapters 1&3: Basic statistics and concepts: data collection and the nature of numerical information; descriptive measures of central tendency, dispersion, and skew.
  - Chapter 4: The concepts and rules of probability
  - Chapter 5: Discrete probability distributions: The expected value operator. Chapter 5 (section 5.1 only).
  - Chapters 6 & 7: The normal distribution and sampling distributions: (skip sections 6.3, 6.4, 6.5, and 6.6) and chapter 7.
  - Chapter 8: Statistical inference I: Confidence intervals. (skip sections 8.3 and 8.5).
  - Chapter 9: Statistical inference II: Hypothesis testing. (skip section 9.5).
  - Chapters 13 & 14: Statistical inference III: Correlation and Regression Analysis
  - Fulfilling the Quantitative Reasoning Breadth Requirement

Fulfilling the Quantitative Reasoning Breadth Requirement:

To see how passing the B206 Equivalency Exam will affect your academics, please look up your degree here: https://fletcher.tufts.edu/academics/courses

E201 Intro to Economics Equivalency Exam

About the exam:

The exam is 40 minutes long and consists of 40 multiple choice questions.
Outside materials including a calculator are prohibited for this exam

How to Prepare:

The exam covers microeconomic and macroeconomics at a level corresponding to N. Gregory Mankiw: Principles of Economics; or similar texts
Questions are usually, but not necessarily, within the areas of supply and demand, consumer theory, production and technology, cost theory, monopoly, labor economics, national income accounting, savings and investment theory, economic growth, and fiscal and monetary policies.

Fulfilling the Economics Breadth Requirement:

To see how passing the E201 Equivalency Exam will affect your academics, please look up your degree here: https://fletcher.tufts.edu/academics/courses

E210M Quantitative Methods Statistical Methods Equivalency Exam

About the exam:

The exam is 1 hour [60 minutes] and consist of multiple long answer questions that require you to show your work. Students can either write their responses directly into canvas or upload their response in the form of a jpeg, or pdf. Should a student wish to upload their response, they will need to make sure to leave enough time to do so. Extra time will not be given for students to upload their responses.
Only the use of any calculator is permitted. The use of any reference works, outside materials, etc. is prohibited.

How to Prepare:

Consult the textbook for the Quantitative Methods Module, EIB E210M, Mathematical Methods for Economics, 2nd edition, by Michael Klein (Addison Wesley, 2002), with special attention to chapters 3, 7, 8, 9, 10 and 11. Questions are usually, but not necessarily, within the areas of: Logarithmic and exponential functions, Differential calculus (both univariate and multivariate), Finding the extreme points of functions, and Constrained optimization.

Fulfilling the Quantitative Reasoning Breadth Requirement:

To see how passing the E210M Equivalency Exam will affect your academics, please look up your degree here: https://fletcher.tufts.edu/academics/courses

E217M Managerial Economics Equivalency Exam [MIB Only]

About the exam:

The exam is 90 minutes and consist of both multiple-choice questions and short answer questions. For Questions that require student to show their work, students can either write their responses directly into canvas or upload their response in the form of a jpeg, or pdf. Should a student wish to upload their response, they will need to make sure to leave enough time to do so. Extra time will not be given for students to upload their responses.
The use of any reference works, outside materials, calculators, etc. is prohibited.

How to Prepare:

The equivalency exam is meant to evaluate familiarity and proficiency with standard topics in microeconomics with some emphasis on those topics of most relevance to students at Fletcher.

Fulfilling the Requirements:

To see how passing the E217M Equivalency Exam will affect your academics, please look up your degree here: https://fletcher.tufts.edu/academics/courses

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