Economics 4113, Fall 2011.
Instructor: David Rahman, University of Minnesota.
Homework 5Due Thursday, December 8, 2011, in class
Question 1 (Incremental Investment ). Consider a rm facing the demand f
Economics 4113, Spring 2010. Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 1Due February 2, 2010
1. Given a matrix A Rmn , dene
span A = cfw_y
Economics 4113, Spring 2010. Instructor: David Rahman, University of Minnesota.
Homework 2Due February 18, 2009
1. Consider the following Markov chains.
(a) Let A be the following matrix:
A=
p 1p
q 1q
Economics 4113, Spring 2010. Instructor: David Rahman, University of Minnesota.
Homework 2Due March 11, 2010
1. Derive the dual of the following primal problem:
V = max x1 + 2x2
x1 ,x2
s.t.
8
x1 + 3 x
Economics 4113, Spring 2010. Instructor: David Rahman, University of Minnesota.
Problem Set 4Due April 13, 2010
1. Consider the following optimization problem, called the budget problem.
maxcfw_U (x,
SELECTION, GROWTH, AND THE SIZE
DISTRIBUTION OF FIRMS
Erzo G.J. Luttmer
University of Minnesota and
Federal Reserve Bank of Minneapolis
August 25, 2006
Abstract
This paper describes an analytically tr
Economics 4113, Spring 2011. Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 4Due May 5, 2011
Question 1 (Incremental Investment ). Consider a rm
An Option Value Problem from Seinfeld
Avinash Dixit
Forthcoming, Economic Inquiry
January 26, 2011
Abstract
This is a paper about nothing.
1
Introduction
In an episode of the sitcom Seinfeld (season 7
Economics 4113, Spring 2011. Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 3Due March 3, 2011
Question 1 (Envelope Theorem ). (a) Let g (x, u)
Economics 4113, Spring 2011. Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 2Due February 15, 2011
Question 1 (Random walk ). Recall the random
Economics 4113, Spring 2011. Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 1Due January 28, 2011
Question 1 (Bad news principle ). In the conte
Economics 4113, Fall 2011.
Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 1Due Tuesday, September 20, in class
Question 1 (Bad news principle ).
Economics 4113, Fall 2011.
Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 2Due October 11, in Class
Question 1 (Random walk ). Recall the random
Economics 4113, Fall 2011.
Instructor: David Rahman, University of Minnesota.
Request: Please substantiate your answers.
Homework 3Due October 20, 2011, in class
Question 1 (Envelope Theorem ). (a) Le
Economics 4113, Fall 2011.
Instructor: David Rahman, University of Minnesota.
Please substantiate your answers.
Homework 4Due Tuesday, November 15, 2011, in class
Question 1 (American Put ). Consider
Econ 4113 Lecture Notes 1
Course Objectives
To develop an appreciation of mathematical modelling in economics.
To learn the theory of functions of several real variables, with special emphasis
on is