MSI econ hwk1

MSI econ hwk1 - MSI U. C. Santa Cruz Kuntal Das Economics 2...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
MSI U. C. Santa Cruz Kuntal Das Economics 2 Spring 2008 Problem Set 1: Due Friday April 11 at the start of lecture. Readings: Stiglitz and Walsh, Chapters 1-4. 1. For each of the following statements, explain which one of the five core concepts of trade-offs, incentives, exchange, information, and distribution is illustrated (some may illustrate more than one core concept): a) Problems in Iraq and Iran lead to rising oil prices. b) Outsourcing to India leads to a reduction in the demand for low skill workers in the United States. c) New environmental laws let firms trade their rights to emit pollution. d) Higher gas prices lead consumers to purchase more hybrids. e) California’s budget problems force the state to decide which programs to cut. 2. Stiglitz-Walsh, Chapter 2, page 64, Problems 4, 7 3. Stiglitz-Walsh, Chapter 3, pages 88-89, Problems 1, 4 4. Stiglitz-Walsh, Chapter 4, page 115, Problems 1-3 Discussion questions for section during week 2: Stiglitz-Walsh, Chapter 2, page 64, Problems 2 and 5
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

MSI econ hwk1 - MSI U. C. Santa Cruz Kuntal Das Economics 2...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online