hw1-2017-1 (1) - Economics 404 Spring 2016 Industrial...

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Economics 404 Spring 2016 Industrial Organization and Data Science Instructors: Jacob LaRiviere , Affiliate Professor & Senior Researcher, Microsof Emails: [email protected] Course Assignments & Reading Course assignments should be printed (code, output and descriptive answers) and turned in at the start of class unless otherwise noted. Feel free to work in groups but everyone is required to turn in their own work with answers written in your own words. In both calculations and complex ideas, write down each step of logic used in reaching your conclusion. Keep in mind that in most cases a good answer is one precise sentence; quality is heavily favored over quantity. This will be graded on a full credit, half credit and no credit basis. All work must be typed Discussion questions do not need be written out ahead of time. At the beginning of each class the professors will lead a discussion around these questions. Students will be called on, potentially at random, to add their insight. This part of class will contribute heavily to your course participation grade. Week 1, due April 6 Reading: McMillan Ch. 1-3, McAfee Ch. 1-2, ISL Ch. 2.3 Discussion questions. 1)McMillan discussed Dutch flower auctions at the beginning of the book, what is your reaction to this sort of mechanism? How does it differ from “typical” auctions common in movies and TV with an auctioneer calling out a price? Why do you think they use it?
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