Supplement to Lecture 12 (Oct. 24) & Lecture 13 (Oct. 29)
An exam question on competitive equilibrium may look something like this. We started solving this
question in class, on Oct. 24. Parts (d) and (e) will be covered on Oct. 29.
Consider a representat
Review for Midterm 2.
Full list of what you should cover to prepare for midterm 2:
Lecture notes 1 through 15.
Williamson: Chapter 1 (pg. 3 to 9), Chapter 2 (all), Chapter 3 (all), Chapter 4 (all), Chapter
5 (all), Chapter 8 (only pages 232 241)
Go over a
NAME:_ STUDENT ID: _ TUTORIAL #: _
Please place your answers in the answer space below.
1. What happens to the supply and demand of the Canadian dollar if the Canadian demand for imports
A. Demand increases, supply increase
Ignore the following red lines as they are the first draft:
Joseph: affiliatednot suit for a manager
1.short term: one-toone guide: experience (assistant/
go to courses)
2.long-time: fire if Joseph doesnt meet the demand.
Give him ano