ECON 212 FC HOMEWORK 1 ANSWERS
JOHN HILLAS UNIVERSITY OF AUCKLAND
Problem 1. (Dixit and Skeath, Chapter 1, Exercise 4) You and a rival are engaged in a game in which there are three possible outcomes: you win, your rival wins (you lose) and the two of you
FS14: Econ1015
TA:
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Exam 2_Version 1
Solution
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Student Number:
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PRINCIPLES OF MACROECONOMICS
Econ1015
Fall, 2014
Directions: You should have nothing on your desk at this time other than the exam, pencils,
an eraser and a scantron form.
Scantron MUS
Solutions to Chapter 19 Exercises SOLVED EXERCISES
S1. (a) The existence of buyer B2 means that buyer B1 will not be able to buy at any price below
200. If B1 tried to strike a deal at (for example) 190, B2 could offer to pay 191; if B2 bought at that pri
Professor Rod Garratt
ECON 171
Final
June 6, 2011
This exam is worth a total of 50 Points. You have 2 hours to complete this exam.
Good Luck!
1. Use successive elimination of dominated strategies to solve the following game.
Show the order in which you el
b) The player who wins is going to be the one that can leave just one stick in one of the
piles. If player 2 takes exactly the same amount of sticks [as] player one, from the
opposite pile, and when a pile gets to 1 stick he just takes all the sticks from
Professor Rod Garratt
ECON 171
Midterm
April 27, 2011
This exam is worth a total of 40 Points. You have 1 hour and 15 minutes to complete
this exam. Good Luck!
1. Consider the game of Marienbad which, like the game of Nim, is zero-sum (there
is a winner a
Solutions to Chapter 7 Exercises SOLVED EXERCISES
S1. False. A players equilibrium mixture is devised in order to keep her opponent indifferent
among all of her (the opponents) possible mixed strategies; thus, a players equilibrium mixture yields the oppo
NBER WORKING PAPER SERIES
THE VIRTUES OF THE PAST:
EDUCATION IN THE FIRST HUNDRED
YEARS OF THE NEW REPUBLIC
Claudia Goldin
Lawrence F. Katz
Working Paper 9958
http:/www.nber.org/papers/w9958
NATIONAL BUREAU OF ECONOMIC RESEARCH
1050 Massachusetts Avenue
C
K-12 Public School Finance in Missouri: An Overview
Michael Podgursky and Matthew G. Springer
The level and distribution of spending for public K-12 education remains a contentious matter of policy in many states because of increasing expectations for sch
Solutions to Chapter 18 Exercises SOLVED EXERCISES
S1. The father and daughter were implicitly negotiating about how much freedom from parental
control she would have. The fathers BATNA was low: breakdown of negotiation would lead to a tantrum or a scene
Solutions to Chapter 17 Exercises SOLVED EXERCISES
S1. The painter can compare her estimated cost to a jobs true cost only when she does the job. But
the painter does a job only when she agrees (through the bidding process) to do it for less than anybody
Solutions to Chapter 8 Exercises SOLVED EXERCISES
S1. False. A players equilibrium mixture is devised in order to keep her opponent indifferent among
all of her (the opponents) possible mixed strategies; thus, a players equilibrium mixture yields the oppo
Solutions to Chapter 9 Exercises SOLVED EXERCISES
S1. (a) Your neighbor has a sure income of $100,000. In addition, under the insurance
contract, he will receive x when you have a good year and pay you $60,000 when you have a bad year. The lowest value of
Solutions to Chapter 10 Exercises SOLVED EXERCISES
S1. The statement is true because promises, when successfully used as strategic moves, require that
you follow through on the promised action; you will not promise an arbitrarily large reward. You may thr
Solutions to Chapter 11 Exercises SOLVED EXERCISES
S1. False. The players are not assured that they will reach the cooperative outcome. Rollback
reasoning shows that the subgame-perfect equilibrium of a finitely played repeated prisoners dilemma will enta
Solutions to Chapter 12 Exercises SOLVED EXERCISES
S1. (a) (b) The number choosing X should decrease to move the population division between X and Because the line for action X is above the line for action Y when 100 people choose X,
Y away from the unsta
Solutions to Chapter 13 Exercises SOLVED EXERCISES
S1. (a) The payoff table for the two types of travelers is: High High Low 100, 100 70, 30 Low 30, 70 50, 50
(b)
The graph is:
(c)
There are three possible equilibria: a stable monomorphic equilibrium of a
Solutions to Chapter 14 Exercises SOLVED EXERCISES
S1. Some examples of incentive schemes that help induce more care on the part of policy holders: 1. The insurer can provide a multiyear contract or otherwise establishes an ongoing relationship in which f
Solutions to Chapter 15 Exercises SOLVED EXERCISES
S1. (a) In the pure-threat case, the unions expected payoff is 50(1 p) 100p = 50 150p. The
unions expected payoff goes to zero for p = 1/3 and is negative for p > 1/3. Thus the pure threat is too big from
Solutions to Chapter 16 Exercises SOLVED EXERCISES
S1. Under truthful voting, A should match Geology and Sociology in the first vote, with the winner (Geology) to face Philosophy in the second round. Under strategic voting, A should match Philosophy and S
Neoliberalism, Climate Governance and the Scalar Politics of Eu Emissions Trading
Author(s): Ian Bailey
Source: Area, Vol. 39, No. 4 (Dec., 2007), pp. 431-442
Published by: Wiley on behalf of The Royal Geographical Society (with the Institute of British G
FS14: Econ1015
Exam 2_Version 1
TA:
Name:
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Student Number:
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PRINCIPLES OF MACROECONOMICS
Econ1015
Fall, 2014
Directions: You should have nothing on your desk at this time other than the exam, pencils,
an eraser and a scantron form.
Scantron MUST include
DR. LEES RECOMMENDATION: STUDY SCHEDULE FOR FINAL EXAM
If you are seeking my advice on how to prepare for the final exam, you may do the
following. Per your request, Ive prepared the a study plan that you MAY follow.
NEW MATERIAL: KEEP UP WITH THE LECTURE
Econ1015
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Practice_Exam 1
Solution
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Student Number:
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PRINCIPLES OF MACROECONOMICS
Econ1015
Directions: You should have nothing on your desk at this time other than the exam, pencils,
an eraser and a scantron form.
Scantron MUST include (clearly
Econ1015
Practice_Exam 1
TA:
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Student Number:
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PRINCIPLES OF MACROECONOMICS
Econ1015
Directions: You should have nothing on your desk at this time other than the exam, pencils,
an eraser and a scantron form.
Scantron MUST include (clearly READABLE
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Solution: Practice Exam 2
Solution
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Student Number:
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PRINCIPLES OF MACROECONOMICS
Econ1015
Fall, 2014
Directions: You should have nothing on your desk at this time other than the exam, pencils,
an eraser and a scantron form.
Sca
FS14: Econ1015
Practice Exam 2
TA:
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Student Number:
PRINCIPLES OF MACROECONOMICS
Econ1015
Fall, 2014
Directions: You should have nothing on your desk at this time other than the exam, pencils,
an eraser and a scantron form.
Scantron MUST include (c
THE DESIGN OF THE TAX SYSTEM
In this world nothing is certain but death and taxes.
. . . Benjamin Franklin
Two objectives of policymakers in designing a tax system:
.EFFICIENCY AND EQUITY
How Federal Tax System evolved?
(1) Raise Tax Revenue
(2) Be Fair
(