Written in 1950 (just before the fall of Perón's government), Final Exam is Cortázar's allegorical, bitter, and melancholy farewell to an Argentina from which he was about to be permanently self-exiled. (Cortázar moved to Paris the following year.)

The setting of Final Exam is a surreal Buenos Aires, dark and eerie, where a strange fog has enveloped the city to everyone's bewilderment. Juan and Clara, two students at a college called "The House" (the Great Books are read aloud there by so-called Readers), meet up with their friends Andrés and Stella, as well as a journalist friend they call "the chronicler." Juan and Clara are getting ready to take their final exam, but instead of preparing, they wander the city with their friends, encounter strange happenings in the square, attend concerts, and discuss their lives in cafés.