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School: Colorado
Course: Microeconomics Theory I
Economics 7010-001 Fall 2010 Problem Set 3 Solutions 1. Consider an extension of the Walrasian budget set to an arbitrary consumption set X : B p ,w = cfw_ x X : p x w . Assume ( p , w ) > 0 . a. If X is the set depicted in MWG Figure 2.C.3, would B p ,
School: Colorado
Course: Intermediate Microeconomics
Economics3070004 Spring2012 SampleExam1 MultipleChoices(5*10=50points) 1. SupposethepriceofXis$15perunit,thepriceofYis$12perunit,theconsumers incomeis$100,andtheconsumerslevelofsatisfactionismeasuredbyXY+Y.The consumersconstraintis a) X+Y100 b) maxXY c) 1
School: Colorado
Course: Intermediate Microeconomics
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School: Colorado
Course: Introduction To Econometrics
University of Colorado Department of Economics Economics 4818 Prof. Jeffrey S. Zax Midterm Examination 27 July 2012 Don't panic. Think before you write. This examination requires ninety minutes. Ninety points are possible. The examination identifies the n
School: Colorado
Course: MACROECONOMICS
CHAPTER9:ECONOMICGROWTH,FINANCIALSYSTEMAND BUSINESSCYCLES Withsupplementsfrom CHAPTER10:LONGRUNECONOMICGROWTH:SOURCESAND POLICIES The best measure of comparing standard of living is real GDP per person or real GDP per capita. Calculating Growth Rates and
School: Colorado
Course: PRIN OF MICROECONOMICS
The most fundamental assumption of economic theory of those below is that: a. There is no difference between rational and irrational behavior. b. Individuals chose those actions, from among the actions available, that they think will yield them the highes
School: Colorado
Intermediate Microeconomics Professor Yongmin Chen Topic 6: Input Choices and the Cost of Production The Optimal combination of Inputs We have seen that in order to produce certain amount of output, it is often possible to use different combinations
School: Colorado
Course: MONEY & BANKING SYSTEMS
Professor Akacem Money and Banking Unit One: Outline 1 Definitions, Role of Money, Financial Markets and Financial Intermediation Chapter 1, 2 and 3 I. Introduction: a. Overview of the issues in the money and banking field b. Where the U.S. banking s
School: Colorado
Course: Principles Of Macroeconomics
Chapter 11 Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. The consumer price index is used to a. convert nominal GDP into real GDP. b. turn dollar figures into meaningful measures of purchasing power. c
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
1. GDP deflator (price index; a measure of inflation) a. (NOM GDP / REAL GDP) x 100 b. base year GDP deflator always = 100 2. The many ways of splitting GDP a. There are two common ways of splitting GDP i. National
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
Macro economics exam 4 review Consumer Surplus (CS) A buyers total willingness to pay (total benefit) minus the amount actually paid. A measure of consumer welfare Individual Consumer Surplus -If prices rises then
School: Colorado
Course: Advanced Microeconomics
Econ 7050 Solutions to some review questions December 14, 2006 1 Contract Theory Problem 1 Consider the monopolistic screening problem with a continuum of types from chapter 2 of BD. Solve for the full information allocation rule (for a monopolist who can
School: Colorado
Course: International Trade
1 Economics 4413 Fall, 2003 International Trade Theories of Foreign Direct Investment: Why are there Multinational Enterprises? These notes constitute what I have to say (in brief) about multinational enterprises (MNEs) and foreign direct investment (FDI)
School: Colorado
Course: Economics In The Public Sector
Social Security ECON 4211 October 27, 2008 Isabelle Brotman-Evans, Leo Jankowski, Michael Hlis, Caytyn Green, Aaron Rosenbaum, Brian Johnson History The Origins of Social Security: The idea of using government provided social security to provide economic
School: Colorado
Course: Economics In The Public Sector
Public Education ECON 4211 Economics in the Public Sector October 20, 2009 Mark Headman Johnny Laychaypha Keegan Scanlon Peter Hu Emily Lundy Steve Stornetta Louis Jordan History The public education system in the United States started in Virginia when Th
School: Colorado
Course: HEALTH ECONOMICS
ResourcesforPapers Citations Do not plagiarize you will get an F on the course. See http:/ucblibraries.colorado.edu/about/citing.htm Must use American Economic Review Reference style: Power point slides on using citations Example references In text refere
School: Colorado
Course: HEALTH ECONOMICS
PointersforPapers UsingTables&Figures Tables and Figures need: A number and title (usually at top) 1. Refer to table by table number in the text. A source (usually at the bottom) To be on one page if possible To be same font throughout 1. 2. 3. Copying an
School: Colorado
John Hebson ECON 4999 12/11/09 Final Paper Water is by far the worlds most precious resource. Nothing cultivates life more brilliantly than water. It has been the subject of many disputes throughout history and will continue to be in the near future. This
School: Colorado
Course: Economics In The Public Sector
COREECONOMICS 5 Elasticity 5 chapter Gerald Stone Chapter Outline 5 chapter Elasticity of Demand Elasticity of Supply Taxes and Elasticity 2008 Worth Publishers CoreEconomics Stone 22 of Learning Objectives 5 chapter At the end of this chapter, the stu
School: Colorado
Course: PRIN OF MICROECONOMICS
A few more concepts: marginal analysis, specialization, equilibrium, and how economists judge economics systems The ten second explanations Dont be surprised if all is not grasped in 10 seconds. Edward R. Morey: Draft Sept 11, 2012 Marginal analysis; Indi
School: Colorado
Course: PRIN OF MICROECONOMICS
Microeconomics: 2010 (Edward) August 26, 2013So, what is this course all about? The intent of the course is to introduce you to microeconomics. Lets make a first attempt at defining it. Microeconomics is a set of theories (models) that try to explain the
School: Colorado
Course: PRIN OF MICROECONOMICS
A three-minute lecture on opportunity cost Edward R. Morey Draft: September 2, 2013 Opportunity cost seems like a simple concept, but it is not. Many people dont quite understand, including some graduate students. Hopefully all of the T.A.s in our class
School: Colorado
Course: PRIN OF MICROECONOMICS
What is an economy/economic system? September 2, 2012 The lecture covers material that appears in the Introductory Chapter and first Chapter Krugman and Wells. All societies need to determine what to produce, how to produce it, and how to distribute it. T
School: Colorado
Course: PRIN OF MICROECONOMICS
An Introduction to Economic Models Edward R. Morey: draft, September 13, 2012 Economic models are in some, but not all, ways much like fashion models; the good ones are stylized, useful, and attractive representations of reality. Note that I did not say t
School: Colorado
Course: Intermediate Microeconomics
Economics3070004 Spring2012 SampleExam1 MultipleChoices(5*10=50points) 1. SupposethepriceofXis$15perunit,thepriceofYis$12perunit,theconsumers incomeis$100,andtheconsumerslevelofsatisfactionismeasuredbyXY+Y.The consumersconstraintis a) X+Y100 b) maxXY c) 1
School: Colorado
Course: Introduction To Econometrics
University of Colorado Department of Economics Economics 4818 Prof. Jeffrey S. Zax Midterm Examination 27 July 2012 Don't panic. Think before you write. This examination requires ninety minutes. Ninety points are possible. The examination identifies the n
School: Colorado
Course: PRIN OF MICROECONOMICS
The most fundamental assumption of economic theory of those below is that: a. There is no difference between rational and irrational behavior. b. Individuals chose those actions, from among the actions available, that they think will yield them the highes
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
Econ 3080-002 Exam 2 Name_ 2 3 Circle the second short answer questions you want graded. (Question 1 is required): Instructions: You have 50 minutes to complete the exam. There are 9 multiple choice questions worth 3 pts each for 27 total and 3 sh
School: Colorado
Course: Microeconomics
Name: _ Date: _ Econ 2010 sec. 50 Final: Version A Fall 2011 1. Consider the statement, "The slope of an indifference curve (budget line) for goods A and B indicates the rate at which the individual (the market) substitutes good A for Good B." This statem
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070-008 Fall 2007 Name Exam 1 Multiple Choice: Choose the best answer (24 points) 1. If the cross price elasticity Laurinaitis jerseys for Troy Smith jerseys is equal to 0.8, we can conclude that: a. demand for Laurinaitis is elastic b. Laurin
School: Colorado
Course: Intermediate Microeconomics
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School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 6 Solutions 1. Ch 7, Problem 7.2 A grocery shop is owned by Mr. Moore and has the following statement of revenues and costs: Revenues Supplies Electricity Employee salaries Mr. Moores salary $250,000 $25,00
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-008 Fall 2007 Problem Set 1 Solutions 1. Suppose there are only two goods (X and Y) and only two individuals (numbered 1 and 2) in an economy. Let PX be the price of good X and PY be the price of good Y. And finally, let I1 represent
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 5 Solutions 1. Suppose that the production function for lava lamps is given by Q = KL 2 L 3 , where Q is the number of lamps produced per year, K is the machine-hours of capital, and L is the man-hours of
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 8 Solutions 1. Ch 9, Problem 9.10 A perfectly competitive industry consists of two types of firms: 100firms of type A and 30 firms of type B. Each type A firm has a short-run supply curve sA ( P ) = 2P . Ea
School: Colorado
Course: ECON STAT
Economics 3070-008 Spring 2008 Problem Set 3 Solutions 1. Each day Peter, who is in the third grade, eats lunch at school. He only likes liver ( L) and onions (N), and these provide him a utility of U L, N ln LN . Liver costs $4.00 per serving, o
School: Colorado
Course: PRIN OF MICROECONOMICS
5. I have $20 in my pocket and it will still be there in the morning if I do not spend it tonight. My first choice is to go out tonight and spend the $20 on drinks. I know if I go out drinking I will not get in a fist fight with my roommate. I know I will
School: Colorado
Course: Intro Macroeconomics
MACROECONOMICS STUDY GUIDE 2013 CHAPTER 11 ~ Long-Run Economic Growth In the long run, small differences in growth rate (%) make big changes in compounding If growth rate is not raising, citizens miss out on opportunities and have lower living standards
School: Colorado
Course: Principles Of Macroeconomics
Consumption Function: (C=a+bY) a=Autonomous consumption b=Marginal Propensity to consume MPC is slope (MPC): The fraction of additional income that is spent for consumption. MPC=change in C/ change in Y. C function shifts to: 1. Changes in expectation of
School: Colorado
Course: Economic Reform In Developing Countries
Easterly Chapters 1-7 Chapter 1 Prichett- found a strong association between economic growth and changes in infant mortality rate. The rise in income was causing the fall in infant mortality and not the other way around. Income increases are causing red
School: Colorado
Study Guide 9/18 - State vs. Private Ownership - Should firms be privately owned or government controlled? Private ownership is crucial when there is a large incentive to innovate and contain costs. Government regulation should come into play when firms f
School: Colorado
Course: INTRO TO ECONOMICS
STUDY GUIDE For each chapter I identify material that you are not responsible for, key words or concepts that you should be familiar with, and a summary of the key points to take away from each chapter. Following this are practice multiple choice question
School: Colorado
Course: MATH TOOLS FOR ECON 1
Econ 1078 Math Tools for Economists I Spring 2014 Section 002 MWF 2:00 - 2:50 HUMN 135 Instructor: Tim Larsen E-mail: timothy.larsen@colorado.edu Office: Econ 309A (3rd floor of the Econ Building) Office Hours: Tuesday 10:30-11:30, Wednesday 3:00-4:00 and
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
Fall 2006 ECON 3080-001: Intermediate Macroeconomic Theory Instructor: Murat F. Iyigun Economics Building Room No. 102. (303) 492-6653 murat.iyigun@colorado.edu URL: http:/stripe.colorado.edu/~iyigun Class Schedule: MWF 10 a.m. 10:50 a.m. in BESC 185. Off
School: Colorado
Course: Economic Reform In Developing Countries
Maymester 2014 ECON 4774-001: Economic Reform in Developing Countries Instructor: Murat Iyigun Office: Economics Building, Room 103 Phone: (303) 492-6653 E-mail: murat.iyigun@colorado.edu URL: http:/stripe.colorado.edu/~iyigun Class Schedule: M-F 9 12 noo
School: Colorado
Course: MATH TOOLS FOR ECON 2
ECON 1088-002 Syllabus Mathematical Tools for Economists I Spring 2012 Instructor: Xin Geng Office: Econ 206 Email: xin.geng-1@colorado.edu Office Hours: M & W 9:00-10:30am Course Meetings: M, W & F 12-12:50pm Prerequisite: ECON 1078 or its equivalent CLR
School: Colorado
Course: PRIN OF MICROECONOMICS
University of Colorado Course Syllabus ECON 2010-090: Principles of Microeconomics Fall 2012 Instructor: Office: Email: Office Hours: Class Time: Classroom: Chris McMahan ECON 313 mcmahanc@colorado.edu T 3:30 PM 4:30 PM, TH 4:45 PM 5:45 PM, and by appoint
School: Colorado
Course: MACROECONOMICS
Syllabus for BCOR 2200, Sections 100 and 200 Introductory Finance, Spring 2013 Dr. David M. Gross Description This course will cover the concepts and skills needed to make sound financial decisions. Topics include financial statement analysis, time value
School: Colorado
Course: Microeconomics Theory I
Economics 7010-001 Fall 2010 Problem Set 3 Solutions 1. Consider an extension of the Walrasian budget set to an arbitrary consumption set X : B p ,w = cfw_ x X : p x w . Assume ( p , w ) > 0 . a. If X is the set depicted in MWG Figure 2.C.3, would B p ,
School: Colorado
Course: Intermediate Microeconomics
Economics3070004 Spring2012 SampleExam1 MultipleChoices(5*10=50points) 1. SupposethepriceofXis$15perunit,thepriceofYis$12perunit,theconsumers incomeis$100,andtheconsumerslevelofsatisfactionismeasuredbyXY+Y.The consumersconstraintis a) X+Y100 b) maxXY c) 1
School: Colorado
Course: Intermediate Microeconomics
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School: Colorado
Course: Introduction To Econometrics
University of Colorado Department of Economics Economics 4818 Prof. Jeffrey S. Zax Midterm Examination 27 July 2012 Don't panic. Think before you write. This examination requires ninety minutes. Ninety points are possible. The examination identifies the n
School: Colorado
Course: MACROECONOMICS
CHAPTER9:ECONOMICGROWTH,FINANCIALSYSTEMAND BUSINESSCYCLES Withsupplementsfrom CHAPTER10:LONGRUNECONOMICGROWTH:SOURCESAND POLICIES The best measure of comparing standard of living is real GDP per person or real GDP per capita. Calculating Growth Rates and
School: Colorado
Course: PRIN OF MICROECONOMICS
The most fundamental assumption of economic theory of those below is that: a. There is no difference between rational and irrational behavior. b. Individuals chose those actions, from among the actions available, that they think will yield them the highes
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
Macroeconomics Measuring A Nation's Income Macroeconomics: the study of economy-wide phenomena including inflation (pie symbol), unemployment, and economic growth Gross Domestic Product: The market value of all final goods and services produced withi
School: Colorado
Course: PRIN OF MICROECONOMICS
Fall, 2001 Principles of Microeconomics Phil Graves U. of Colorado EC2010 Second Midterm, V.1 Directions: There is one best answer to each question, after reading all answers; remember that a multiple choice question is just a series of T-F questions
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 6 Solutions 1. Ch 7, Problem 7.2 A grocery shop is owned by Mr. Moore and has the following statement of revenues and costs: Revenues Supplies Electricity Employee salaries Mr. Moores salary $250,000 $25,00
School: Colorado
Course: Microeconomics Theory I
Economics 7010-001 Fall 2010 Problem Set 9 Solutions 1. Suppose that u (x ) is differentiable and strictly quasi-concave and that the Walrasian demand function x ( p , w ) is differentiable. Show that if u (x ) is homogeneous of degree one, then x ( p , w
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-008 Fall 2007 Problem Set 1 Solutions 1. Suppose there are only two goods (X and Y) and only two individuals (numbered 1 and 2) in an economy. Let PX be the price of good X and PY be the price of good Y. And finally, let I1 represent
School: Colorado
Course: PRINCIPLES OF MACROECONOMICS
Written Assignment #7: To be submitted for evaluation Multiple Choice 1. If an individual bank receives $100,000 in new deposits and the required reserve ratio is 10 percent, the bank must keep the following amount of required reserves with the Fed? A) $1
School: Colorado
Intermediate Microeconomics Professor Yongmin Chen Topic 6: Input Choices and the Cost of Production The Optimal combination of Inputs We have seen that in order to produce certain amount of output, it is often possible to use different combinations
School: Colorado
Course: Microeconomics
Economics 7010-001 Fall 2008 Problem Set 9 Solutions 1. Consider the following utility function: L u (x ) = A x l l l =1 L where X = + , A > 0 , and ( 1 , K, L ) > 0 . a. Derive the consumers Walrasian demand and indirect utility functions. Step 1: Existe
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 5 Solutions 1. Suppose that the production function for lava lamps is given by Q = KL 2 L 3 , where Q is the number of lamps produced per year, K is the machine-hours of capital, and L is the man-hours of
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
Econ 3080-002 Exam 2 Name_ 2 3 Circle the second short answer questions you want graded. (Question 1 is required): Instructions: You have 50 minutes to complete the exam. There are 9 multiple choice questions worth 3 pts each for 27 total and 3 sh
School: Colorado
Course: INTRMED MICROECON THEORY
ECON 3070 Intermediate Microeconomic Theory Practice Multiple-Choice Questions Utility and Choice 1. As long as the principle of diminishing marginal utility is operating, any increased consumption of a good a. lowers total utility. b. produces negat
School: Colorado
Course: Microeconomics
Name: _ Date: _ Econ 2010 sec. 50 Final: Version A Fall 2011 1. Consider the statement, "The slope of an indifference curve (budget line) for goods A and B indicates the rate at which the individual (the market) substitutes good A for Good B." This statem
School: Colorado
Course: Microeconomics
Economics 7010-001 Fall 2008 Problem Set 9 (Due November 13th) 1. Consider the following utility function: L u (x ) = A x l l l =1 L where X = + , A > 0 , and ( 1 , K, L ) > 0 . a. Derive the consumers Walrasian demand and indirect utility functions. b. V
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 8 Solutions 1. Ch 9, Problem 9.10 A perfectly competitive industry consists of two types of firms: 100firms of type A and 30 firms of type B. Each type A firm has a short-run supply curve sA ( P ) = 2P . Ea
School: Colorado
Course: ECON STAT
Economics 3070-008 Spring 2008 Problem Set 3 Solutions 1. Each day Peter, who is in the third grade, eats lunch at school. He only likes liver ( L) and onions (N), and these provide him a utility of U L, N ln LN . Liver costs $4.00 per serving, o
School: Colorado
Course: MONEY & BANKING SYSTEMS
Professor Akacem Money and Banking Unit One: Outline 1 Definitions, Role of Money, Financial Markets and Financial Intermediation Chapter 1, 2 and 3 I. Introduction: a. Overview of the issues in the money and banking field b. Where the U.S. banking s
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-008 Spring 2008 Problem Set 3 Solutions 1. Each day Peter, who is in the third grade, eats lunch at school. He only likes liver (L) and onions (N), and these provide him a utility of U ( L , N ) = ln( LN ) . Liver costs $4.00 per serv
School: Colorado
Course: International Finance
S207-S212-Ch22-SM2.qxd 6/2/08 11:53 AM Page S-207 Topics in International Macroeconomics 22 1. (PPP) Richland and Poorland each have two industries, traded TVs and nontraded house maintenance.The world price of TVs is RL$100 (RL$ Richland dollar). Assume
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070-008 Fall 2007 Name Exam 1 Multiple Choice: Choose the best answer (24 points) 1. If the cross price elasticity Laurinaitis jerseys for Troy Smith jerseys is equal to 0.8, we can conclude that: a. demand for Laurinaitis is elastic b. Laurin
School: Colorado
Course: Principles Of Microeconomics
ECON 2010-050 Principle of Microeconomics Midterm 2 October 31st 2013 Version A Take a deep breath and relax. Every question can be answered with knowledge we learnt from the lecture. There are altogether 30 multiple choice questions. Please indicate your
School: Colorado
Course: ECON STAT
Econ 3818 Midterm 1 Name: 1. To rate TV shows, phone surveys are sometimes used. Such a survey might record several variables, some of which are listed below. Which of these variables is categorical? a. the number of persons watching the show b. th
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 4 Solutions 1. Aunt Joyce purchases two goods, perfume and lipstick. Her preferences are represented by the utility function U ( P, L ) = PL , where P denotes the ounces of perfume used and L denotes the qu
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-008 Fall 2007 Problem Set 7 Solutions 1. A firm produces a product with labor and capital, and its production function is given by Q = LK . Suppose that the price of labor is $2 and the price of capital is $1. Derive the equation for
School: Colorado
Course: Principles Of Macroeconomics
Chapter 11 Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. The consumer price index is used to a. convert nominal GDP into real GDP. b. turn dollar figures into meaningful measures of purchasing power. c
School: Colorado
Course: PRINCIPLES OG MICROECONOMICS
9/14/07 equilibrium Friday, September 21, 2007 2:01 PM The Equilibrium Continued 9/14/07 "The only price that can maintain itself in a free market is the equilibrium price." Impact of changes or shifts in demand and supply on the equilibrium. 1. sup
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
Macro Economics 1. Compared to the U.S. unemployment benefits in Europe: a. Last much longer 2. The percentage of the labor force without a job is: a. Unemployment 3. Unemployment rate is calculated by: a. [Unemploy
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
1. GDP deflator (price index; a measure of inflation) a. (NOM GDP / REAL GDP) x 100 b. base year GDP deflator always = 100 2. The many ways of splitting GDP a. There are two common ways of splitting GDP i. National
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
Macro economics exam 4 review Consumer Surplus (CS) A buyers total willingness to pay (total benefit) minus the amount actually paid. A measure of consumer welfare Individual Consumer Surplus -If prices rises then
School: Colorado
Course: Economics In The Public Sector
COREECONOMICS 5 Elasticity 5 chapter Gerald Stone Chapter Outline 5 chapter Elasticity of Demand Elasticity of Supply Taxes and Elasticity 2008 Worth Publishers CoreEconomics Stone 22 of Learning Objectives 5 chapter At the end of this chapter, the stu
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
The Economist as a Scientist Economists play two roles: 1. Scientists: try to explain the world a. Positive statements - attempt to describe the world as it is 2. Policy advisors: try to improve it a. Normative statements - attempt to prescribe how the wo
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
1. In choosing among alternative courses of action, Raj must consider how others might respond to the action he takes. In the language of game theory, we say that Raj must think a. openly. b. strategically. c. dominantly. d. cooperatively. 2. A distinguis
School: Colorado
Course: International Trade
Economics 4413 International Trade Keith Maskus Answers to Problem Set 3 Distortions, Imperfect Competition, and Trade Questions from Textbook, Chapter 10 1. Just re-draw Figure 10.4 with point E lying on the PPF above and to the left of the point where t
School: Colorado
Course: International Trade
Economics 4413 International Trade Keith Maskus Answers to Problem Set #4 Tariffs 1. Here is how to go about these kinds of problems. It really helps to do these step by step. (a) Tariff on car imports. Step 1: figure out the impacts on relative prices in
School: Colorado
Course: International Trade
Economics 4413 Keith Maskus Answers to Problem Set 2 Ricardian Model 1. You already have answers for problem 1. 2. a. (i). A has absolute advantage in X and B has absolute advantage in Y. A has comparative advantage in X and B has comparative advantage in
School: Colorado
Course: International Trade
1 Economics 4413 Fall, 2003 International Trade Theories of Foreign Direct Investment: Why are there Multinational Enterprises? These notes constitute what I have to say (in brief) about multinational enterprises (MNEs) and foreign direct investment (FDI)
School: Colorado
Course: International Trade
Econ 4413 International Trade Brief answers to Problem Set 1 Keith Maskus Textbook questions, chapter 2: 1. With identical production functions, when X and Y face the same factor prices, they will choose the same K/L (kx = ky) ratios (which must both equa
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 6 Answers 1. Chapter 9, question 1 Last year, the account ledger for an owner of a small drugstore showed the following information about her annual receipts and expenditures; Revenues: $1,000000 Wages for hired labor:
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 5 Answers 1. Ch 7, Problem 7.2 A grocery shop is owned by Mr. Moore and has the following statement of revenues and costs: Revenues Supplies Electricity Employee salaries Mr. Moores salary $250,000 $25,000 $6,000 $75,000
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070-001 Fall 2014 Problem Set 4 Solutions Ch, Problem 5 5.20 1. Lous preferences over (x) and other goods (y) are given by U(x, y) = xy. His income is $120. You can use your calculations from HW 3 Problem 1 where you found the demand function for th
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Prof. Barham Problem Set 7 Solutions 1. Problem 10.1: In a competitive market with no government intervention, the equilibrium price is $10 and the equilibrium quantity is 10,000 units. Explain whether the market will clear under each of th
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 6 Due Nov. 18th In Class Please note this problem set just covers chapter 9, chapter 10 will be in the next problem covered in the next problem set. 1. Ch 9, Problem 1 The annual accounting statement of revenues and co
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 2 Solutions 1. Graph a typical indifference curve for the following utility functions and determine whether they obey the assumption of diminishing MRS: a. U(x, y) = 3x + y y 3 Slope = -3 U =3 1 x Since the indifferenc
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Problem Set 5 (Due Oct. 30th in class) Reminder: Maximization/Minimization question must be solved using method shown in class not by using the tangency condition used in the text. 1. Ch. 7 problem 7.2: A grocery shop is owned by Mr. Moore and h
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 4 Questions Adapted from Ch. 5, Problem 5.20 1. Lous preferences over pizza (x) and other goods (y) are given by U(x, y) = xy. His income is $120. You can use your calculations from HW 3 Problem 1 where you found the dem
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 3 Solutions 1. Aunt Joyce purchases two goods, perfume and lipstick. Her preferences are represented by the utility function U (P , L ) = PL , where P denotes the ounces of perfume used and L denotes the quantity of lips
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 1 (Due Sept. 9th in class) Chapter problems are from edition 5 of the textbook. Questions from book are on the next page if needed 1. Ch 1, Problem 1.2 2. Ch 1, Problem 1.4 3. Ch 1, Problem 1.7 4. Ch 1, Problem 1.12 5.
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 1 Solutions 1. Ch 1, Problem 1.2 Suppose the U.S. market for corn is competitive, with an upward-sloping supply curve and a downward-sloping demand curve. For each of the following scenarious, illustrate graphically how
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 2 1. Graph a typical indifference curve for the following utility functions and determine whether they obey the assumption of diminishing MRS: a. U(x, y) = 3x + y b. U(x, y) = xy c. U(x, y) = x2 + y2 d. U(x, y) = x2 y2 e
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 3 Questions Due Sept 30th, 2014 Reminder: Maximization question must be solved using method shown in class not by using the tangency condition used in the text. Note: this homework does not include questions on EV and CV
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW 5 Suggested Solutions By Dan Hickman Problem 1: Consider the monopolist facing a consumer whose preferences over quantity bought, q, and payment, T , are represented by u (q, T ) = v(q)T . There are two types of consumers: cfw_H , L . Assume
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW on Contract Theory due Dec 3 Problem 1 Consider the monopolist problem studied in class. Assume util ity of the buyer is u (x, t) = x t, and the marginal cost is constant at c. Assume the monopolist can observe the type of the customer () and
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW#1 Suggested solutions 1 Edgeworth Box Economy Problem 1 Consider the Edgeworth Box economy with two consumers: A, B and strictly positive endowments = ( 1A , 2A , 1B , 2B ) > 0. Let the preferences (of A and B correspondingly) be represented
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW#2 Suggested Solutions 1 Part 1. First welfare theorem: A group project Problem 1 Refer to the link on our webpage (right below) for an incomplete "easy" proof of the First Welfare Theorem for the two individuals, two outputs, two inputs econo
School: Colorado
Course: Advanced Microeconomics
Econ 7050 Solutions to some review questions December 14, 2006 1 Contract Theory Problem 1 Consider the monopolistic screening problem with a continuum of types from chapter 2 of BD. Solve for the full information allocation rule (for a monopolist who can
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Intermediate Microeconomics Professor Yongmin Chen Topic 6: Input Choices and the Cost of Production The Optimal combination of Inputs We have seen that in order to produce certain amount of output, it is often possible to use different combinations
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Course: MONEY & BANKING SYSTEMS
Professor Akacem Money and Banking Unit One: Outline 1 Definitions, Role of Money, Financial Markets and Financial Intermediation Chapter 1, 2 and 3 I. Introduction: a. Overview of the issues in the money and banking field b. Where the U.S. banking s
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Course: Principles Of Macroeconomics
Chapter 11 Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. The consumer price index is used to a. convert nominal GDP into real GDP. b. turn dollar figures into meaningful measures of purchasing power. c
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Course: PRINCIPLES OF MACROECONIMCS
1. GDP deflator (price index; a measure of inflation) a. (NOM GDP / REAL GDP) x 100 b. base year GDP deflator always = 100 2. The many ways of splitting GDP a. There are two common ways of splitting GDP i. National
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Course: PRINCIPLES OF MACROECONIMCS
Macro economics exam 4 review Consumer Surplus (CS) A buyers total willingness to pay (total benefit) minus the amount actually paid. A measure of consumer welfare Individual Consumer Surplus -If prices rises then
School: Colorado
Course: Advanced Microeconomics
Econ 7050 Solutions to some review questions December 14, 2006 1 Contract Theory Problem 1 Consider the monopolistic screening problem with a continuum of types from chapter 2 of BD. Solve for the full information allocation rule (for a monopolist who can
School: Colorado
Course: Advanced Microeconomics
Econ 7050 Auctions (based on ch.7 of BD(2005) November 21, 2005 1 Independent values English Auction: announce a price, bid up. Strategies: continue, exit (when?) Dutch Auction: tulips, clock down. Strategies: continue, stop (when?) Vickrey auction: secon
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Course: Advanced Microeconomics
Econ 7050 Adverse selection (based on BD(2005) November 30, 2006 1 1.1 Full information Monopolist Problem Seller: T cq Buyers have quasi-linear preferences i v (qi ) + mi U (q, T, i ) = i v (q) T Two types of buyers cfw_h, l , fraction of h-type buyers 1
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Oligopoly(Ch.17) Oligopoly Onlyafewsellers Offersimilaroridenticalproducts Interdependent Theyrelyononeanother/impacteachother Veryprevalentinsociety Cellphonesat&t,tmobile,sprintnextelandVerizon MediaDisney,cbs,Viacom Modeling/understandingoligopolies Ne
School: Colorado
Course: Intermediate Microeconomic Theory
Econ 3070 Returns to scale and Marginal Cost March 13, 2007 Example 1 F (L, K) = min cfw_L, K . Optimal input combination to produce Q units of output: .L = K = Q. Cost function: wL + rK = Q (w + r) = C (Q) . Marginal cost is constant, M C (Q) = w + r > 0
School: Colorado
Course: PRIN OF MICROECONOMICS
Most Commonly Missed Questions From First Two Exams #6, First Midterm: I have $20 in my pocket and it will still be there in the morning if I do not spend it tonight. My first choice is to go out tonight and spend the $20 on drinks. I know if I go out dri
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Course: PRIN OF MICROECONOMICS
Chapters 1-5 Economics is the social science that studies the production, distribution, & consumption of goods & services. Market Economy: production & consumption are the result of decentralized decisions by many firms and individuals Command Economy: th
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Course: INTERMEDIATE MACROECONOMIC THEORY
Murat F. Iyigun Maymester 2003 ECON 3080-04: Intermediate Macroeconomic Theory Midterm - B Name: _ I. ESSAY QUESTIONS (35 points each) 1. Consider a closed economy in which the investment and consumption functions are given by the following: I (r) = 1/r;
School: Colorado
Course: Principles Of Macroeconomics
Chapter 2 Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Economists make assumptions to a. provide issues for political discussion. b. make a complex world easier to understand. c. make it easier to tea
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Course: Principles Of Macroeconomics
Chapter 10 Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. GDP a. is used to monitor the performance of the overall economy but is not the single best measure of a societys economic well-being. b. is use
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Course: Principles Of Macroeconomics
Chapter 13 Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Nastech Pharmaceuticals announced it has developed a nasal spray that would reduce hunger cravings. Other things the same we would expect a. the
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Course: Principles Of Macroeconomics
Chapter 12 Multiple Choice Identify the choice that best completes the statement or answers the question. _ 1. Which of the following can be measured by the level of real GDP per person? a. productivity and the standard of living b. productivity but not t
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Course: Microeconomics
Elasticity: Elasticity: Definition: A measurement of responsiveness. Why do we care about elasticity? It can help us determine the impact of price changes. Price elasticity of Demand: Definition: How demand responds to a change in price. Calculated: %
School: Colorado
Course: Principles Of Microeconomics
Notes to Midterm #3 Chapter 17: Oligopolies Measuring market concentration: o Concentration ratio: percent of markets total output supplied by its 4 largest firms Higher ratio means less competition because the market share is more concentrated among th
School: Colorado
Course: Principles Of Microeconomics
Microeconomics Midterm #2 Chapter 7: Consumers, Producers, and Efficiencies of Markets Allocation of resources: how much of each good is produced, who produces it, who consumes it Welfare economics: how allocation of resources affects economic well-being
School: Colorado
Course: Principles Of Microeconomics
Table 3-3 Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate. Machine Minutes Needed to Make 1 Toothbrush Hairbrush Zimbabwe 3 10 Portugal 5 6 1. a. b. c. d. Refer to Table 3-3. Zimbabw
School: Colorado
Course: Intermediate Microeconomics
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Course: Intermediate Microeconomics
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Course: Intermediate Microeconomics
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Course: Intermediate Microeconomics
CHAPTER 6 : INPUTS & PRODUCTION FUNCTIONS 6.1 Introduction to Inputs & Production Functions D EF: INPUTS Resources (land, labor, capital) that are c ombined to produce finished goods. D EF: FACTORS OF PRODUCTION Resources that are used to produce a good D
School: Colorado
Course: Intermediate Microeconomics
CHAPTER 7 : C OSTS & C OST MINIMIZATION 7.1 Cost Concepts for Decision Making D EF: SUNK COSTS (UNAVOIDABLE): Costs that have already been incurred and cannot be recovered D EF: N ONSUNK COSTS (AVOIDABLE if the decision is not made): Costs that are incurr
School: Colorado
Course: Intermediate Microeconomics
CHAPTER 8 : C OST CURVES 8.1 Long-Run Total Cost Curve Last chapter we found the optimal bundles of L, K to minimize costs given levels of output wanted to produce. Can use this to derive long run total cost curve D EF: LONG-RUN TOTAL COST CURVE A curve t
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Course: Principles Of Macroeconomics
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Course: Principles Of Macroeconomics
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Course: Introduction To Statistics With Computer Applications
School: Colorado
Course: Introduction To Statistics With Computer Applications
School: Colorado
Course: Introduction To Statistics With Computer Applications
Probability: A number that measures the relative likelihood that the event will occur. Event: A collection of outcome where an outcome is the result of a random trial. Random Experiment: Flip a coin Sample space: cfw_H, T Prob(H)=.5 Rules of Probability 1
School: Colorado
Course: Introduction To Statistics With Computer Applications
HintersectH HintersectT TintersectT X=Payoff Outcome Payoff X P(X=x) Payoff=$50 Payoff=$10 Payoff=$5 H H $50 HT or TH $10 TT $5 P(X=$50)=1/4 P(X=$10)=1/2 P(X=$5)=1/4 Costs $30 to play. Should you play? Mean=Expected value E(X)= E(X)=50(P(X=$50)+10(P(X=$10
School: Colorado
Course: Introduction To Statistics With Computer Applications
Continuous Random Variable: A random variable that can take any numeric value within a range of values Ranges not probability of x taking on a particular value Because a CRV can take on any number of values over a certain range, we describe the PDF of a C
School: Colorado
Course: Intermediate Microeconomics
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School: Colorado
Course: Introduction To Statistics With Computer Applications
Continuous Random Variable: A random variable that can take any numerical value within a range of values. F(x)=2x on [0,1] 1) 2) P(a E(X) of a continuous Random Variable= V(X) of a continuous Random Variable= Normal Distribution-Continuous RV -Unimodal -S
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Course: Intermediate Microeconomics
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School: Colorado
Course: Introduction To Statistics With Computer Applications
Geometric Model In general, if we want to know the probability it will take x trials to get a success. We can use the following model P(X-x)=(1-p)^(x-1)p p=probability of success x=# of trials to get a success P(x=100)=(1-1/2)^(100-1)(1/2) You have a box
School: Colorado
Course: Intermediate Microeconomics
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School: Colorado
Course: Introduction To Statistics With Computer Applications
Meanslogic behind hypothesis testing CLT says =0 =1 Sampling dist of is standard normal =1 1 We know that should be close to . If it is true that then To test whether is close enough to 1 that I believe it is possible for =1, I will calculate the differen
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Course: Intermediate Microeconomics
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Course: Intermediate Microeconomics
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Course: Introduction To Statistics With Computer Applications
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Course: Intermediate Microeconomics
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Course: Intermediate Microeconomics
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Course: Intro To Econometrics
Economics 4818 Review Set #1 Name: _ In addition to the problems below, also solve the following book problems: A.7, B.2, B.4, B.6, B.9, B.10, C.2, C.4 part (i), C.6, C.7, C.9, C.10, 2.3, 2.5, 2.7, and 2.10. Show all of your work to get used to it, as par
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Course: International Trade
1 Economics 4413 Fall, 2003 International Trade Theories of Foreign Direct Investment: Why are there Multinational Enterprises? These notes constitute what I have to say (in brief) about multinational enterprises (MNEs) and foreign direct investment (FDI)
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Course: Economics In The Public Sector
Social Security ECON 4211 October 27, 2008 Isabelle Brotman-Evans, Leo Jankowski, Michael Hlis, Caytyn Green, Aaron Rosenbaum, Brian Johnson History The Origins of Social Security: The idea of using government provided social security to provide economic
School: Colorado
Course: Economics In The Public Sector
Public Education ECON 4211 Economics in the Public Sector October 20, 2009 Mark Headman Johnny Laychaypha Keegan Scanlon Peter Hu Emily Lundy Steve Stornetta Louis Jordan History The public education system in the United States started in Virginia when Th
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Course: HEALTH ECONOMICS
ResourcesforPapers Citations Do not plagiarize you will get an F on the course. See http:/ucblibraries.colorado.edu/about/citing.htm Must use American Economic Review Reference style: Power point slides on using citations Example references In text refere
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Course: HEALTH ECONOMICS
PointersforPapers UsingTables&Figures Tables and Figures need: A number and title (usually at top) 1. Refer to table by table number in the text. A source (usually at the bottom) To be on one page if possible To be same font throughout 1. 2. 3. Copying an
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John Hebson ECON 4999 12/11/09 Final Paper Water is by far the worlds most precious resource. Nothing cultivates life more brilliantly than water. It has been the subject of many disputes throughout history and will continue to be in the near future. This
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John Hebson ECON 4999 12/11/09 Time For A Change Water is by far the worlds most precious resource. Nothing cultivates life more brilliantly than water. It has been the subject of many disputes throughout history and will continue to be in the near future
School: Colorado
Course: Economics In The Public Sector
COREECONOMICS 5 Elasticity 5 chapter Gerald Stone Chapter Outline 5 chapter Elasticity of Demand Elasticity of Supply Taxes and Elasticity 2008 Worth Publishers CoreEconomics Stone 22 of Learning Objectives 5 chapter At the end of this chapter, the stu
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Course: PRIN OF MICROECONOMICS
A few more concepts: marginal analysis, specialization, equilibrium, and how economists judge economics systems The ten second explanations Dont be surprised if all is not grasped in 10 seconds. Edward R. Morey: Draft Sept 11, 2012 Marginal analysis; Indi
School: Colorado
Course: PRIN OF MICROECONOMICS
Microeconomics: 2010 (Edward) August 26, 2013So, what is this course all about? The intent of the course is to introduce you to microeconomics. Lets make a first attempt at defining it. Microeconomics is a set of theories (models) that try to explain the
School: Colorado
Course: PRIN OF MICROECONOMICS
A three-minute lecture on opportunity cost Edward R. Morey Draft: September 2, 2013 Opportunity cost seems like a simple concept, but it is not. Many people dont quite understand, including some graduate students. Hopefully all of the T.A.s in our class
School: Colorado
Course: PRIN OF MICROECONOMICS
What is an economy/economic system? September 2, 2012 The lecture covers material that appears in the Introductory Chapter and first Chapter Krugman and Wells. All societies need to determine what to produce, how to produce it, and how to distribute it. T
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Course: PRIN OF MICROECONOMICS
An Introduction to Economic Models Edward R. Morey: draft, September 13, 2012 Economic models are in some, but not all, ways much like fashion models; the good ones are stylized, useful, and attractive representations of reality. Note that I did not say t
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Course: PRIN OF MICROECONOMICS
1 A few thoughts on comparative and absolute advantage E.R. Morey: draft, September 18, 2012 Britta, a former 2010 student, found comparative and absolute advantage confusing concepts. I agree. She asked me to talk about these concepts and, of course, he
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Course: PRIN OF MICROECONOMICS
An introduction to demand functions, supply functions and competitive market equilibrium rough draft notes, September 20, 2012 The intent of these notes is to compliment the demand, supply, and equilib- rium sections in Chapter Three of Krugman and Wells.
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Chapter 4: Open Economy models Naturally, a very important task for the modeler is building open economy models, since trade and international investment policies are among the important policy problems facing governments. This chapter continues in the sp
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Chapter 3 Taxes, Tax Reform, Public Goods, and Steady-State Models Introduces Auxiliary Variables, Constraints, and Rationing In this chapter, we will begin with a simple problem in which there are taxes in the initial benchmark data, to illustrate how to
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Chapter 2 Extensions of the Simple Model In this chapter, we will introduce additional features that are commonly encountered and used in applied situations. Each feature is introduced one at a time to the basic two-good closedeconomy model of the previou
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 11: Basics of Dynamic Modeling Copyright: James R. Markusen, University of Colorado, Boulder 11.1 Comparative steady-state analysis As in the case of labor supply, we would like to have models in which the stock of capital is endogenous
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 10: Toward Applied General-Equilibrium (aka CGE) Modeling Copyright: James R. Markusen University of Colorado, Boulder 10.1 CES functions and the calibrated share form: List of symbols ": 2: D: F: Distribution parameter Cost share CES e
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 9: Open Economy Models with Imperfect Competition and Scale economies Copyright: James R. Markusen University of Colorado, Boulder 9.1 A two-country oligopoly model (X skilled-labor intensive) Results - trade costs lead to: (1) ineffici
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 8: Open Economy Models for Competitive Economies Copyright: James R. Markusen University of Colorado, Boulder 8.1 Small open economy Small open economy 2x2 (two goods, two factors) in which the rest of the world is not explicitly modele
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 7: Adding scale economies and imperfect competition to general equilibrium Copyright: James R. Markusen University of Colorado, Boulder 7.1 An introduction to Dixit-Stiglitz CES preferences D-S preferences are a special, symmetric case
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 6: General Equilibrium with Distortionary Taxes, Public Goods, Externalities, Optimal Taxation and Redistribution policies Copyright: James R. Markusen, University of Colorado 6.1 Taxes in the benchmark equilibrium A positive tax and ta
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Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 4: Examples of familiar industrial-organization problems modeled in GAMS Copyright: James R. Markusen University of Colorado, Boulder 4.1 Cournot and Bertrand oligopoly with continuous strategies Application to strategic trade policy Tw
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Course: Simulation Techniques For Applied Microeconomics
Slides for Chapter 3: The basic closed-economy generalequilibrium model as an MCP Copyright: James R. Markusen University of Colorado, Boulder 1. Introduction to applied general-equilibrium modeling (1) Multiple interacting agents (2) Individual behavior
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Economic equilibrium and optimization problems using GAMS Chapter 2 James R. Markusen, University of Colorado Tools of Economic Analysis (1) Analytical theory models (2) Econometric estimation and testing. (3) Simulation modeling - complement to (1) and (
School: Colorado
Course: Simulation Techniques For Applied Microeconomics
Welcome to GAMS1 Jesper Jensen TECA TRAINING ApS jensen@tecatraining.dk This version: September 2006 1 This material is the copyrighted intellectual property of Jesper Jensen. Written permission must be obtained from the author before any use of the mater
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Course: An Introduction To International Trade Theory
Lecture 14 Multinational Firms 1. Review of empirical evidence 2. Dunning's OLI, joint inputs, firm versus plant-level scale economies 3. A model with endogenous multinationals 4. Pattern of trade in goods and services 5. Motives for internalization 6. A
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Course: An Introduction To International Trade Theory
Lecture 13 Trade in Factors 1. A gains-from-trade theorem 2. The Jones-Coelho-Easton two-factor, one-good model. 3. The Heckscher-Ohlin Model: trade in goods and factors as substitutes. Mundell (1957). Zero trade costs, specialization Positive trade costs
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Course: An Introduction To International Trade Theory
Country h large: its share of total world income Sh > 1/2 Country h's share of total world X production (total varieties) Sh Sh driven by factor market equilibrium Free Trade driven by product market equilibrium Trade Costs Prohibitive
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Course: An Introduction To International Trade Theory
22 Table 8.1 Measures of Factor Intensity for US Manufacturing Industries 2000 Industry Val ue Added Petrol eum and coal products $ 45,748 67 $ 74,624 0.51 $ 117,541 65 $ 169,501 0.58 C tal , Ski l l api C hemi cal products $ 235,614 508 $ 41,112 0.75 $ 3
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Course: An Introduction To International Trade Theory
Table 1: The correlation between the first two columns is 0.94. Average annual earnings also clearly fall as workers become less productive. Although the rankings are slightly different, the same conclusions hold for the PPP-based calculations. The correl
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Course: An Introduction To International Trade Theory
Proposition: If all industries have constant returns to scale, the production set is convex: Any convex combination of two feasible production vectors is also feasible (in the production set). . or just : X - vector of outputs V - matrix of factor use Sup
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Course: International Econ
Lectures 1-3 Introduction to the microfoundations of the models Lecture 1 On the tradeoff between today and tomorrow (present and future) See posted notes Lecture 2 On the functions of and demand for money See attached slides Lecture 3 On Investment Discu
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Course: International Econ
Money and risk aversion Jan 25rd, 2012 EC202 Functions of money Mnemonic rhyme (old textbooks): "Money is a matter of functions four, a medium, a measure, a standard, a store." Functions of money Which of these functions are necessary? Medium of exchange
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Course: International Econ
Money Jan 23rd, 2012 EC202 What is money? Asset Method of payment Measure of wealth Widely accepted Quantifiable measure for trade Can be exchanged btw people Money: assets that are widely used and accepted as payment (ABC) Money: assets that are widely u
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Course: Microeconomics Theory I
Economics 7010-001 Preferences and Utility Existence of a Utility Function Representing f Theorem 11.1: Suppose that the rational preference relation f on X is continuous. Then there exists a continuous utility function u : X that represents f . f is rati
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Course: Microeconomics Theory I
Economics 7010-001 Consumer Choice In Chapter 1, we looked at the consumers preferences over the set of alternatives, X. Now, we will introduce prices and develop the consumers demand function. 5-1 Economics 7010-001 The Consumption Set A commodity vector
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Course: Microeconomics Theory I
Economics 7010-001 Preferences and Choice Recap of the Preference-Based Approach The preference-based approach assumes the decision maker has a preference relation over her set of possible choices the preference relation satisfies certain rationality axio
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Course: Microeconomics Theory I
Economics 7010-001 Preferences and Choice Overview Two approaches to modeling the decisions of an individual decision maker: The preference-based approach assumes the decision maker has a preference relation over her set of possible choices that satisfies
School: Colorado
Course: Microeconomics Theory I
Economics 7010-001 Mathematical Preliminaries Sets A set is any collection of items thought of as a whole. If A is any set, we write x A to indicate that x is an element of A. If x is not a member of A, we write x A. The set which contains no element is c
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Course: Microeconomics Theory I
Economics 7010-001 Homogeneous Functions and Eulers Formula A function f : n is homogeneous of degree k if for every s + + , f (sx 1 , sx 2 ,K, sx n ) = s k f (x 1 , x 2 ,K, x n ). Example 1: f (x , y ) = xy f (sx , sy ) = (sx )(sy ) = s 2 f (x , y ) f (x
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4211: LECTURE 38 REVIEW EXAM ARRANGEMENTS TAXATION: DESIGNING THE TAX STRUCTURE EFFICIENCY CONCERNS STEP 1 STEP 2 tax base equal tax rates leisure .18 food .18 clothes .18 gas .18 sport goods .18 income tax Last Class: 4211: LECTURE 38 CorlettHague .16 .1
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4211: LECTURE 39 REVIEW EXAM ARRANGEMENTS TAXATION: RULES FOR SETTING TAX RATES Summary of approach: EFFICIENCY CONCERNS STEP 1 STEP 2 tax base equal tax rates leisure .18 food .18 clothes .18 gas .18 sport goods .18 income tax 4211: LECTURE 39 CorlettHag
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4211: LECTURE 37 REVIEW EXAM ARRANGEMENTS TAXATION: DESIGNING THE TAX STRUCURE Until now: choose single tax rate to generate pre-specified revenue, R. Now: can use many tax rates R = tax revenue + tax revenue + tax revenue from food from clothes from gas
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4211: LECTURE 36 TAXATION: INCOME TAX EXCESS BURDEN Lighthouses financed by income tax: No lighthouses No tax 6 Lighthouses Lump-sum tax 8 Expenditure Analysis 6 Road Income tax 8 Tax Analysis B = -860 Benefit (utility) always falls as move as shift from
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4211: LECTURE 35 TAXATION: INCOME TAXES Choosing the income tax rate. Govt needs $2600 (m$/month) by taxing income, what tax rate should it set? Chapter: 15 Problem Set: Taxes: Setting the Income Tax Rate 4211: LECTURE 35 1 LABOR TAXES: MARKET ANALYSIS Fo
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4211: LECTURE 34 TAXATION: PRODUCT TAX EXCESS BURDEN Road project financed by gas tax: No road No tax 6 Road Lump-sum tax 8 Expenditure Analysis 6 Road Gas tax 8 Tax Analysis Benefit = -60 ($/head) Benefit (utility) always falls as shift from lump-sum tax
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4211: LECTURE 33 TAXATION: PRODUCT TAX Introduction Product Market - choosing the required tax rate. Chapter: 15 Problem Set: Setting the Product Tax rate 4211: LECTURE 33 1 INTRODUCTION Approach of course: Separate expenditure and finance effects. E.g. T
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4211: LECTURE 32 PUBLIC FINANCE: SOCIAL SECURITY Fully-funded v. Pay as you go. Who gains, who loses? Reform Demographic effects Chapter: 11 Problem Set: Social Security and Savings Social Security: Demographic Issues 4211: LECTURE 32 1 SOCIAL SECURITY Go
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4211: LECTURE 31 PUBLIC FINANCE: TAX OR BOND FINANCING: Classical Position (done) Keynesian Position (done) Normative Use of Bonds Positive Use of Bonds Effect on capital accumulation. Chapter: 20 Problem Set: Tax or Deficit Financing 4211: LECTURE 31 1 N
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4211: LECTURE 30 REVIEW PAPER PROJECT PUBLIC FINANCE: TAX OR DEFICIT FINANCE? What is a bond? The deficit? The National Debt? Bonds cause taxes to be delayed. Classical Position Keynesian Position Chapter 20 4211: LECTURE 30 1 WHAT IS A BOND ? Bond is a p
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4211: LECTURE 29 INCOME REDISTRIBUTION: Equity v. Efficiency Trade-off POSITIVE Median voter is poor Chapter: 12 Problem Set: Redistribution Program 4211: LECTURE 29 1 LINKING WITH LAST LECTURE Last Lecture: Found desired point on utility possibility fron
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4211: LECTURE 28 INCOME REDISTRIBUTION NORMATIVE: END STATE CRITERION Method of analysis: is Benefit-Cost appropriate? How much redistribution do we want. Chapter: 12 4211: LECTURE 28 1 DISCUSSION OF METHODOLOGY: BENEFIT COST ANALYSIS IS NOT APPROPRIATE T
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4211: LECTURE 27 INCOME REDISTRIBUTION Introductory Remarks Philosophy: - what right have we to redistribute? Chapter: 12 4211: LECTURE 27 1 INCOME REDISTRIBUTION Taking from the rich, giving to the poor. Govt. as Robin Hood. What problem is govt trying t
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4211: LECTURE 26 CLASS PAPER MARKET FAILURE: EXTERNALITIES Positive Externalities Chapter: 5 4211: LECTURE 26 1 CLASS PAPER 4211: LECTURE 26 2 POSITIVE EXTERNALITY E.g. Lojack: transmitter hidden in car. PMB = car recovered faster, less damage. External e
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School: Colorado
Course: Intermediate Microeconomics
Economics3070004 Spring2012 SampleExam1 MultipleChoices(5*10=50points) 1. SupposethepriceofXis$15perunit,thepriceofYis$12perunit,theconsumers incomeis$100,andtheconsumerslevelofsatisfactionismeasuredbyXY+Y.The consumersconstraintis a) X+Y100 b) maxXY c) 1
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Course: Introduction To Econometrics
University of Colorado Department of Economics Economics 4818 Prof. Jeffrey S. Zax Midterm Examination 27 July 2012 Don't panic. Think before you write. This examination requires ninety minutes. Ninety points are possible. The examination identifies the n
School: Colorado
Course: PRIN OF MICROECONOMICS
The most fundamental assumption of economic theory of those below is that: a. There is no difference between rational and irrational behavior. b. Individuals chose those actions, from among the actions available, that they think will yield them the highes
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
Econ 3080-002 Exam 2 Name_ 2 3 Circle the second short answer questions you want graded. (Question 1 is required): Instructions: You have 50 minutes to complete the exam. There are 9 multiple choice questions worth 3 pts each for 27 total and 3 sh
School: Colorado
Course: Microeconomics
Name: _ Date: _ Econ 2010 sec. 50 Final: Version A Fall 2011 1. Consider the statement, "The slope of an indifference curve (budget line) for goods A and B indicates the rate at which the individual (the market) substitutes good A for Good B." This statem
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070-008 Fall 2007 Name Exam 1 Multiple Choice: Choose the best answer (24 points) 1. If the cross price elasticity Laurinaitis jerseys for Troy Smith jerseys is equal to 0.8, we can conclude that: a. demand for Laurinaitis is elastic b. Laurin
School: Colorado
Course: Principles Of Microeconomics
ECON 2010-050 Principle of Microeconomics Midterm 2 October 31st 2013 Version A Take a deep breath and relax. Every question can be answered with knowledge we learnt from the lecture. There are altogether 30 multiple choice questions. Please indicate your
School: Colorado
Course: ECON STAT
Econ 3818 Midterm 1 Name: 1. To rate TV shows, phone surveys are sometimes used. Such a survey might record several variables, some of which are listed below. Which of these variables is categorical? a. the number of persons watching the show b. th
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
The Economist as a Scientist Economists play two roles: 1. Scientists: try to explain the world a. Positive statements - attempt to describe the world as it is 2. Policy advisors: try to improve it a. Normative statements - attempt to prescribe how the wo
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
1. In choosing among alternative courses of action, Raj must consider how others might respond to the action he takes. In the language of game theory, we say that Raj must think a. openly. b. strategically. c. dominantly. d. cooperatively. 2. A distinguis
School: Colorado
Course: Advanced Microeconomics
Econ 7050 A model of the Final Exam December 6, 2005 Problem 1 Assume two individuals i and j are risk averse and their preferences over lotteries can be represented by a von NeumannMorgenstern expected utility function. Pick a monetary prize x. 1. Show t
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
Macro Econ-Exam #1 Study Guide Scarcity the limited nature of society's resources; time is a scarcity Circular flow diagram a visual model of the economy shows how dollars flow through markets among households and firms Two markets in the Circular flow di
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
Final Exam- Study Guide Consumer Price Index Measure of the overall cost of the goods and services bought by a typical consumer reported by Bureau of Labor Statistics Social Security payments tied to CPI How to calculate CPI 1 2 3 4 5 fix the "basket" Fin
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
Midterm #2- Study Guide Positive Statements describe how the world is normative statements attempt to prescribe how the world should be Absolute Advantage produce a good using fewer inputs than another producer opportunity cost the cost of the next best a
School: Colorado
Course: PRIN OF MICROECONOMICS
FinalExamStudyGuide equation for total revenue quantity produced x cost equation for profit total revenue - total cost or (P-ATC)*Q explicit costs input costs that require an outlay of money by the firm implicit costs input costs that do not require an ou
School: Colorado
Course: PRIN OF MICROECONOMICS
Midterm#2StudyGuide Price Ceiling a legally established maximum price a seller can charge Price Floor A legal minimum on the price at which a good can be sold surplus More quantity supplied than quantity demanded tax incidence the manner in which the burd
School: Colorado
Course: PRIN OF MICROECONOMICS
ECON 2010- Midterm #1 study guide: What is the equation for price elasticity of demand? Ed = %changeQd/%changeP are demand and supply more or less elastic over time? more Ed=0 perfectly inelastic graph straight up and down Ed=infinity perfectly elastic gr
School: Colorado
Course: Intermediate Microeconomic Theory
Econ 3070-002 Intermediate Microeconomic Theory Final Exam Spring 2006 Time: 2.5 hr 30 percent of overall grade. Please prove and interpret your answers May 2, 2006 NAME: Signature DATE: Honor code. On my honor, as a University of Colorado at Boulder stud
School: Colorado
Course: PRIN OF MICROECONOMICS
Principles of Microeconomics Professor Edward Morey ECON 2010-300 Midterm 2 October 1, 2008 Version A? Edwards comments on the midterm. These questions might not be word for word what you saw on your exam. Many of these questions and concepts will appear
School: Colorado
Course: PRIN OF MICROECONOMICS
Economics 2010 Sec 300 Second Midterm Fall 2009 Version B There are 58 questions on Version B The test bank questions and the questions we created are mixed together. Name: _ Date: _ 1. Lot of people exercise to lose weight, or not gain weight. These peop
School: Colorado
Course: PRIN OF MICROECONOMICS
Econ 2010 (sec 100), Fall 2010 First Midterm Version A There are 51 questions, spread over 14 pages The answer key is at the end. I have commented, in red, on some of the questions. These are the questions that had the lowest % correct answers. Make sure,
School: Colorado
Course: PRIN OF MICROECONOMICS
Economics 2010 (Morey) First Midterm, Fall 2012 Version A 1. I am a firm that needs to dump my toxic waste in a stream, only one stream. I know that after I do it, I will be sued by the Federal Government and forced to pay damages in the sum of total lost
School: Colorado
Course: Introduction To Statistics With Computer Applications
School: Colorado
Course: Money Banking And The Macroeconomy
ECON 4110: Money, Banking, and the Macroeconomy Final Exam Name: _ SSN: _ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Money eliminates the need for A) specialization. B) people to have a double
School: Colorado
Course: MATH TOOLS FOR ECON 1
April 2nd , 2009 Econ 1078 Math Tool I Midterm #2 Your Name (Please PRINT): _ Directions: There are 10 questions, each worth 10 points, for a total of 100 points. Show all of your work. No graphing calculators are allowed. You must use only the sheets pro
School: Colorado
Course: MATH TOOLS FOR ECON 1
Econ 1078 Math Tool I Final Exam Your Name (Please PRINT): _ Directions: Dec 15th, 2008 There are 17 questions and three parts with respect to Midterm 1, Midterm 2, and After Midterm 2 materials separately. Show all of your work. No graphing calculators a
School: Colorado
Course: MATH TOOLS FOR ECON 1
Feb 12th, 2009 Econ 1078-002: Math Tool I Midterm #1 Your Name (Please PRINT): _ Directions: Give the best answer for the following questions. Show all your work to get full credits. No graphing calculators are allowed. Use the attached scratch paper only
School: Colorado
Course: MATH TOOLS FOR ECON 1
May 5th, 2009 Econ 1078 Math Tool I Final Exam Your Name (Please PRINT): _ Directions: There are 17 questions and three parts with respect to Midterm 1, Midterm 2, and After Midterm 2 materials separately. Show all of your work. No graphing calculators ar
School: Colorado
Course: MATH TOOLS FOR ECON 1
Econ 1078: Math Tool I Basic Algebraic Operations Directions: There are 8 questions and 100 points total. Give the best answer for the following questions. Show all your work instead of just putting down the answer. If you are unable to do a problem, you
School: Colorado
Course: MATH TOOLS FOR ECON 1
Name: _ _ ID: There are 8 problems and 100 points in total. You have 50 minutes to finish them. GOOD LUCK 1.a (2) One of the following is false, indicate by letter which one: _ A) 4 cfw_3, 4,5, 6 B) 4 cfw_3, 4,5, 6 C) cfw_4 cfw_3, 4,5, 6 D) 4 cfw_3, 4,5,
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Course: MATH TOOLS FOR ECON 1
Spring 2007 May 7th, 2007 ECON 1078 Math Tool for Economists I Final Examination Name: _ Your instructor (Please check): _ ECON 1078-001: Yiting An _ ECON 1078-003: Mariya Burdina _ ECON 1078-004: Watcharapong Ratisukpimol Directions: There are 12 questio
School: Colorado
Course: MATH TOOLS FOR ECON 1
Econ 1078: Math Tool I Pre-test Answer Key Basic Algebraic Operations Jan, 2006 1. (18 points) Simplify and find the answer of the following expressions in fractional form. (A) 3 1 1 9 10 6 9 + 10 6 13 + = + = = 10 3 5 30 30 30 30 30 4 1 1 1 1 4 4 2 3 24
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
Murat F. Iyigun Maymester 2004 ECON 3080-01: Intermediate Macroeconomic Theory Final Examination Name: _ I. MULTIPLE CHOICE (2 points each) 1. A production function is a technological relationship between: A) factor prices and the marginal product of fact
School: Colorado
Course: Economic Reform In Developing Countries
ECON 4774: Economic Reform in Developing Countries Final Examination Please read each question carefully and circle the choice that is most suitable. Each correct answer is worth 2 points. 1. The production possibilities frontier is a. b. a map which show
School: Colorado
Course: Economic Reform In Developing Countries
Murat F. Iyigun Spring 2005 ECON 4774: Economic Reform in Developing Countries Midterm 1A Name: _ SID: _ I. ESSAY QUESTIONS (10 points each) Provide no more than 5-6 sentences each for the questions below. 1. What kind of a relationship does the Solow mod
School: Colorado
Course: Industrial Organization
Practice Midterm, Industrial Organization Fall 2014 1) Which of the following does not describe the Price Theory approach to the study of industrial organization? a) Primarily analytical b) Begins with mathematical models of economic behavior c) Goal is t
School: Colorado
Course: Industrial Organization
Practice Final, Industrial Organization Fall 2014 This practice exam is made from the same source questions I compiled your exam from, so it should give you a good sense of what type of problems you may see. This practice final is the same length as the r
School: Colorado
Course: MATH TOOLS FOR ECON 2
Econ 1088 Midterm 1-Spring 2014 Answer Key Topics Covered in the Exam: Chapter 6: Section 1-8 Instructions: There are 7 questions and 100 points total. In order to get full credit, you should show all your work instead of putting down the answers. Please
School: Colorado
Course: MATH TOOLS FOR ECON 2
ECON 1088: Math Tools for Economists II Spring 2014 Midterm Examination 2 March 12th, 2008 Name: _ Student ID: _ Topics Covered in the Exam Chapter 6: Section 9-11 Chapter 7: Section 1,2 and 7 Instructions: There are 6 questions and 100 points total. In o
School: Colorado
Course: MATH TOOLS FOR ECON 2
ECON 1088: Math Tools for Economists II Spring 2014 Midterm Examination 1 February 13th, 2008 Name: _ Student ID: _ Topics Covered in the Exam Chapter 6: Section 1-8 Instructions: There are 8 questions and 100 points total. In order to get full credit, yo
School: Colorado
Course: MATH TOOLS FOR ECON 2
Econ 1088 Math Tools for Economists Midterm 3 Spring 2014 Answer Key Instructions: You have 50 minutes to complete the exam. Do not use calculators of any kind. Show all your work. You will receive partial credit for your work. If you are unable to do
School: Colorado
Course: MATH TOOLS FOR ECON 2
ECON 1088: Math Tools for Economists II Fall 2013 Final Examination December 20th, 2013 Name: _ Student ID: _ Instructions: There are 13 questions and 100 points total. In order to get full credit, you must show all your work. A correct answer with no wor
School: Colorado
Course: MATH TOOLS FOR ECON 2
ECON 1088: Math Tools for Economists II Fall 2007 Final Examination April 20th, 2014 Name: _ Student ID: _ Instructions: There are 13 questions and 100 points total. In order to get full credit, you must show all your work. A correct answer with no work w
School: Colorado
Course: MATH TOOLS FOR ECON 2
Econ 1088 Midterm 2-Spring 2014 Answer Key Topics Covered in the Exam: Chapter 6: Section 9-11 Chapter 7: Section 1,2 and 7 Instructions: There are 6 questions and 100 points total. In order to get full credit, you should show all your work instead of jus
School: Colorado
Course: MATH TOOLS FOR ECON 2
ECON 1088: Math Tools for Economists II Spring 2014 Final Examination (Version 1) Name: _ Student ID: _ Instructions: There are 100 points total. In order to get full credit, you must show all your work. A correct answer with no work will receive no credi
School: Colorado
Course: MATH TOOLS FOR ECON 2
Econ 1088 Math Tools for Economists Midterm 3 Spring 2014 Instructions: You have 50 minutes to complete the exam. Show all your work. You will receive partial credit for your work. If you are unable to do a problem, you can get partial credit for explai
School: Colorado
Course: Introduction To Econometrics
University of Colorado Department of Economics Economics 4818 Prof. Jeffrey S. Zax Answers: Final Examination 10 August 2012 Don't panic. Think before you write. This examination requires ninety minutes. Ninety points are possible. The examination identif
School: Colorado
Course: PRIN OF MICROECONOMICS
Unit 13/14 Quiz 1. Trevors Tire Company produced and sold 500 tires. The average cost of production per tire was $50. Each tire sold for a price of $65. Trevors Tire Companys total profits are a. $7,500. b. $25,000. c. $32,500. d. $67,500. 2. Gloria has d
School: Colorado
Course: PRIN OF MICROECONOMICS
UNIT 3 QUIZ 1. Which of the following statements about oligopolies is not correct? a. An oligopolistic market has only a few sellers. b. The actions of any one seller can have a large impact on the profits of all other sellers. c. Oligopolistic firms are
School: Colorado
Course: PRIN OF MICROECONOMICS
UNIT 2 QUIZ 1. The provision of public goods gives rise to a. positive externalities, as does the use of common resources. b. positive externalities, whereas the use of common resources gives rise to negative externalities. c. negative externalities, wher
School: Colorado
Course: Principles Of Microeconomics
ECON 2020-100 Midterm 1 Principle of Macroeconomics Feb 7th, 2014 Version B Take a deep breath and relax. Every question can be answered with knowledge we learnt from the lecture. There are 25 multiple choice questions. Please indicate your answer on the
School: Colorado
Course: Intermediate Microeconomics
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School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 6 Solutions 1. Ch 7, Problem 7.2 A grocery shop is owned by Mr. Moore and has the following statement of revenues and costs: Revenues Supplies Electricity Employee salaries Mr. Moores salary $250,000 $25,00
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-008 Fall 2007 Problem Set 1 Solutions 1. Suppose there are only two goods (X and Y) and only two individuals (numbered 1 and 2) in an economy. Let PX be the price of good X and PY be the price of good Y. And finally, let I1 represent
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 5 Solutions 1. Suppose that the production function for lava lamps is given by Q = KL 2 L 3 , where Q is the number of lamps produced per year, K is the machine-hours of capital, and L is the man-hours of
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 8 Solutions 1. Ch 9, Problem 9.10 A perfectly competitive industry consists of two types of firms: 100firms of type A and 30 firms of type B. Each type A firm has a short-run supply curve sA ( P ) = 2P . Ea
School: Colorado
Course: ECON STAT
Economics 3070-008 Spring 2008 Problem Set 3 Solutions 1. Each day Peter, who is in the third grade, eats lunch at school. He only likes liver ( L) and onions (N), and these provide him a utility of U L, N ln LN . Liver costs $4.00 per serving, o
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-008 Spring 2008 Problem Set 3 Solutions 1. Each day Peter, who is in the third grade, eats lunch at school. He only likes liver (L) and onions (N), and these provide him a utility of U ( L , N ) = ln( LN ) . Liver costs $4.00 per serv
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-001 Spring 2008 Problem Set 4 Solutions 1. Aunt Joyce purchases two goods, perfume and lipstick. Her preferences are represented by the utility function U ( P, L ) = PL , where P denotes the ounces of perfume used and L denotes the qu
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070-008 Fall 2007 Problem Set 7 Solutions 1. A firm produces a product with labor and capital, and its production function is given by Q = LK . Suppose that the price of labor is $2 and the price of capital is $1. Derive the equation for
School: Colorado
Course: International Trade
Economics 4413 International Trade Keith Maskus Answers to Problem Set 3 Distortions, Imperfect Competition, and Trade Questions from Textbook, Chapter 10 1. Just re-draw Figure 10.4 with point E lying on the PPF above and to the left of the point where t
School: Colorado
Course: International Trade
Economics 4413 International Trade Keith Maskus Answers to Problem Set #4 Tariffs 1. Here is how to go about these kinds of problems. It really helps to do these step by step. (a) Tariff on car imports. Step 1: figure out the impacts on relative prices in
School: Colorado
Course: International Trade
Economics 4413 Keith Maskus Answers to Problem Set 2 Ricardian Model 1. You already have answers for problem 1. 2. a. (i). A has absolute advantage in X and B has absolute advantage in Y. A has comparative advantage in X and B has comparative advantage in
School: Colorado
Course: International Trade
Econ 4413 International Trade Brief answers to Problem Set 1 Keith Maskus Textbook questions, chapter 2: 1. With identical production functions, when X and Y face the same factor prices, they will choose the same K/L (kx = ky) ratios (which must both equa
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 6 Answers 1. Chapter 9, question 1 Last year, the account ledger for an owner of a small drugstore showed the following information about her annual receipts and expenditures; Revenues: $1,000000 Wages for hired labor:
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 5 Answers 1. Ch 7, Problem 7.2 A grocery shop is owned by Mr. Moore and has the following statement of revenues and costs: Revenues Supplies Electricity Employee salaries Mr. Moores salary $250,000 $25,000 $6,000 $75,000
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070-001 Fall 2014 Problem Set 4 Solutions Ch, Problem 5 5.20 1. Lous preferences over (x) and other goods (y) are given by U(x, y) = xy. His income is $120. You can use your calculations from HW 3 Problem 1 where you found the demand function for th
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Prof. Barham Problem Set 7 Solutions 1. Problem 10.1: In a competitive market with no government intervention, the equilibrium price is $10 and the equilibrium quantity is 10,000 units. Explain whether the market will clear under each of th
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 6 Due Nov. 18th In Class Please note this problem set just covers chapter 9, chapter 10 will be in the next problem covered in the next problem set. 1. Ch 9, Problem 1 The annual accounting statement of revenues and co
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 2 Solutions 1. Graph a typical indifference curve for the following utility functions and determine whether they obey the assumption of diminishing MRS: a. U(x, y) = 3x + y y 3 Slope = -3 U =3 1 x Since the indifferenc
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Problem Set 5 (Due Oct. 30th in class) Reminder: Maximization/Minimization question must be solved using method shown in class not by using the tangency condition used in the text. 1. Ch. 7 problem 7.2: A grocery shop is owned by Mr. Moore and h
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 4 Questions Adapted from Ch. 5, Problem 5.20 1. Lous preferences over pizza (x) and other goods (y) are given by U(x, y) = xy. His income is $120. You can use your calculations from HW 3 Problem 1 where you found the dem
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 3 Solutions 1. Aunt Joyce purchases two goods, perfume and lipstick. Her preferences are represented by the utility function U (P , L ) = PL , where P denotes the ounces of perfume used and L denotes the quantity of lips
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Economics 3070 Fall 2014 Problem Set 1 (Due Sept. 9th in class) Chapter problems are from edition 5 of the textbook. Questions from book are on the next page if needed 1. Ch 1, Problem 1.2 2. Ch 1, Problem 1.4 3. Ch 1, Problem 1.7 4. Ch 1, Problem 1.12 5.
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 1 Solutions 1. Ch 1, Problem 1.2 Suppose the U.S. market for corn is competitive, with an upward-sloping supply curve and a downward-sloping demand curve. For each of the following scenarious, illustrate graphically how
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 2 1. Graph a typical indifference curve for the following utility functions and determine whether they obey the assumption of diminishing MRS: a. U(x, y) = 3x + y b. U(x, y) = xy c. U(x, y) = x2 + y2 d. U(x, y) = x2 y2 e
School: Colorado
Course: INTERMEDIATE MICROECONOMIC THEORY
Econ 3070 Prof. Barham Problem Set 3 Questions Due Sept 30th, 2014 Reminder: Maximization question must be solved using method shown in class not by using the tangency condition used in the text. Note: this homework does not include questions on EV and CV
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW 5 Suggested Solutions By Dan Hickman Problem 1: Consider the monopolist facing a consumer whose preferences over quantity bought, q, and payment, T , are represented by u (q, T ) = v(q)T . There are two types of consumers: cfw_H , L . Assume
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW on Contract Theory due Dec 3 Problem 1 Consider the monopolist problem studied in class. Assume util ity of the buyer is u (x, t) = x t, and the marginal cost is constant at c. Assume the monopolist can observe the type of the customer () and
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW#1 Suggested solutions 1 Edgeworth Box Economy Problem 1 Consider the Edgeworth Box economy with two consumers: A, B and strictly positive endowments = ( 1A , 2A , 1B , 2B ) > 0. Let the preferences (of A and B correspondingly) be represented
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW#2 Suggested Solutions 1 Part 1. First welfare theorem: A group project Problem 1 Refer to the link on our webpage (right below) for an incomplete "easy" proof of the First Welfare Theorem for the two individuals, two outputs, two inputs econo
School: Colorado
Course: Advanced Microeconomics
September 12, 2005 Shuichiro Nishioka Advanced Microeconomics 7050 Homework 1 Answer Key Problem 1 (Answer key) Discussion: Locally non-satiation and strongly monotone. Monotone preferences imply that all the commodities are good and that more of even one
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW1 September 20, 2008 Problem 1 Consider the Edgeworth box economy discussed in class. There are 10 pheasants and 10 buckets of apples, Adam and Eve have preferences over their own consumption bundles (x1i ; x2i ) 2 R2 : + Characterize the set
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW on Contract Theory due November 28 Problem 1 Section 2.3 of the textbook. Consider the one-buyer one-seller problem with a continuum of possible (payo-relevant) types, from , . Suppose that monotonicity and local incentive constraint hold.
School: Colorado
Course: Advanced Microeconomics
Shuichiro Nishioka Advanced Microeconomics 7050 Homework 2 Answer Key Problem 1 First, specify the Pareto optimal efficient allocation conditions by Planner's problem. Then, characterize the competitive market conditions by UMP and PMP. 1) Assumptions -Tw
School: Colorado
Course: Advanced Microeconomics
Econ 7050 HW2 Suggested Solution Problem 1 Consider function F (x, y) = x2 9 + y2 4 1, (x, y) R2 1. Find a pair (x0 , y0 ) > 0 such that F (x0 , y0 ) = 0. Let y0 = 1, then we can solve the equation to nd x0 = 3 2 3 We know that: F (x0 , y0 ) = 0, F is co
School: Colorado
Course: Advanced Microeconomics
Econ 7050 HW#3 Suggested Solutions By Dan Hickman Problem 1: Prove that for any two distributions F,G such that G is a mean-preserving spread of F, any risk averse individual (whose preferences over lotteries are represented by vNM utility) prefers F to G
School: Colorado
Course: Advanced Microeconomics
ECON 7050 HW 4 Due Wednesday November 5 November 10, 2008 Problem 1 MWG 6.C.17 Problem 2 Consider and exchange Arrow-Debreu economy with two risk averse individuals (whose preferences over lotteries satisfy the vNM axioms), one commodity and two states of
School: Colorado
Course: Economics In The Public Sector
HW2 Econ 4211 Suggested solutions September 20, 2008 Consider an economy with 2 inputs (K; L), 2 outputs (C; F ), 2 individuals. (A; E). There is a xed amount of inputs in the economy, total capital amount K and total amount of labor (hours) L: Recall the
School: Colorado
Course: Economics In The Public Sector
ECON 4211 Suggested solutions HW 5 Problem 1 (Education) Assume you come across an empirical finding describing the result of an experiment conducted in a country where girls traditionally are "educated at home". In the experiment random households got "g
School: Colorado
Course: Economics In The Public Sector
HW3 Econ 4211 October 3, 2008 1. Two villagers want to hire several Samurai days to protect their crops. It costs 4 bags of rice to hire a Samurai for one day. Assume (for simplicity) that the villagers preferences are dened over bundles of rice, (consume
School: Colorado
Course: Economics In The Public Sector
HW2 Econ 4211 Suggested solutions February 7, 2008 Consider an economy with 2 inputs (K, L), 2 outputs (C, F ), 2 individuals. (A, E). There is a fixed amount of inputs in the economy, total capital amount K and total amount of labor (hours) L. Recall the
School: Colorado
Course: Economics In The Public Sector
Econ 4211 Spring 2008 Homework Assignment 6 Due Thu April 17 April 18, 2008 Problem 1 A businessmen consumes all his earned income. His utility is u (R, C) = R3/4 C 1/4 , where R is leisure in hours and C is consumption in dollars, so MRSR,C (R, C) = 3C .
School: Colorado
Course: Economics In The Public Sector
Econ 4211 Fall 2008 Homework Assignment 6 Due Fri Dec 5 December 12, 2008 Problem 1 A businessmen consumes all his earned income. His utility is u (R, C) = R3/4 C 1/4 , where R is leisure in hours and C is consumption in dollars, so MRSR,C (R, C) = 3C . H
School: Colorado
Course: Economics In The Public Sector
HW3 Econ 4211 Due Feb 21 February 21, 2008 Problem 1 Recall the example we discussed in class about the samurai. Two villagers, a and b have preferences over rice and (common) protection bundles represented by ua (ra , g) = ra g, ub (rb , g) = rb g. The f
School: Colorado
Course: Economics In The Public Sector
Should the costs and benefits for a public project be discounted at a different rate? Demonstrate your answer using the plans to reform the U.S. Social Security system. Suggested answer. Benefits and costs are typically measured in monetary units, and the
School: Colorado
Course: Intermediate Microeconomics
ECON 3070 section 2 HW 5 Solutions April 19, 2006 Problem 1 Suppose Adam and Eve are the only individuals in the economy (a small island). Adam brings 6 pheasants (x) and Eve brings 6 buckets of apples (y) to the evening re. Their preferences are represen
School: Colorado
Course: Intermediate Microeconomics
ECON 3070 INTERMEDIATE MICROECONOMIC THEORY Suggested Solutions to Homework 3 Carefully show how you derive you answer and be sure to interpret your answer where necessary. 1. Jasons preferences over peanuts (y) and almonds (x) are given by U (x, y) = xy
School: Colorado
Course: Intermediate Microeconomics
ECON 3070-004 INTERMEDIATE MICROECONOMIC THEORY Fall 2007, Homework 1: Suggested solutions. Carefully show how you derive you answer and be sure to interpret your answer where necessary. 1. Assume you consider a market with (aggregate) demand given by Qd
School: Colorado
Course: Intermediate Microeconomics
ECON 3070 section 2 HW 4 Suggested solutions April 5, 2006 Problem 1 Firm Jimba produces candy and its variable cost is V C (q) = 2q 3 , where q is a ton of candy. Assume, in addition, there is a xed (sunk) cost of one thousand dollars, F C = 1. 1. What i
School: Colorado
Course: Intermediate Microeconomics
ECON 3070 section 4 HW 5 Suggested Solutions November 17, 2007 Problem 1 9.3 output, Q TC TVC AFC AC MC AVC 0 120 NA NA 1 200 200-120 5*24 200 80 80 2 100+120 100 60 110 20 50 3 220+20 240-120 40 80 20 40 4 240+120 240 30 90 120 60 5 660-160 500-120 24 10
School: Colorado
Course: Intermediate Microeconomics
ECON 3070 section 2 HW 6 Solutions May 2, 2006 Problem 1 a. 13.14, p. 517. Use the information about cobalt industry from this problem to answer additional questions. b. Assume there are only two rms competing against each other in Cournot fashion. Comput
School: Colorado
Course: Intermediate Microeconomics
Suggested solutions for HW2 Econ 3070 October 1, 2007 Carefully show how you derive you answer and be sure to interpret your answer where necessary. 1. Solve problem 3.2 a,b from the textbook, page 93. (a) The utility function is U (H) = 10H H 2 25 20 15
School: Colorado
Course: Intermediate Microeconomics
Q1. Q2. ECON 3070-002 INTERMEDIATE MICROECONOMIC THEORY Spring 2006, Homework 3 solution A consumer has the budget line pixl + pgx; =1, where p1 is the priCe ofgood 1, p; is the price of good 2, x1 is the amount ofgood l, X1 is the amount of good 2, and I
School: Colorado
Course: Intermediate Microeconomics
ECON 3070 INTERMEDIATE MICROECONOMIC THEORY Homework 2 solution Q1.
School: Colorado
Course: Intermediate Microeconomics
ECON 3070-003 INTERMEDIATE MICROECONOMIC THEORY Spring 2006, Homework 1 Solution Q1. An increase in income shifts the demand curve to the right. A decrease in input price shifts supply to the right. Equilibrium quantity increases but price could increase,
School: Colorado
Course: Intermediate Microeconomic Theory
ECON 3070 section 2 HW 5 Solutions April 13, 2007 Problem 1 Suppose Adam and Eve are the only individuals in the economy (a small island). Adam brings 6 pheasants (x) and Eve brings 6 buckets of apples (y) to the evening re. Their preferences are represen
School: Colorado
Course: MATH TOOLS FOR ECON 1
ECON 1078 Basic Algebra Assignment Rational exponents 1. Simplify: A 2. Write in the simplest radical form. A 3. Evaluate the following numerical expressions _ A4 4. Perform the indicated operation. Express your final answer as a single, fully reduced, si
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
ECON 3080 300 Fall 2013 Homework #1 NAME:_ Recitation section number _ TAs name _ This homework is to be turned in at the beginning of lecture on Friday, Sept 22nd. Use this diagram to answer questions 1-4. 1. If the economy is operating at point C, the o
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
ECON 3080: Homework Assignments HW 1: due 9/17 Mankiw, Chapter 2, Problems 2, 4, 5, 6, 7. Mankiw, Chapter 3, Problems 4, 5, 6, Appendix 2.
School: Colorado
Course: Economic Reform In Developing Countries
Solutions for H.W 1 Chapter 2. 2. value added by the farmer $1.00 (1 0=1) value added by the miller $2.00 (3 1=2) value added by the baker $3.00 (6 3 = 3) GDP = the value of bread (final good) = $6.00 3. GDP falls by the amount of the butlers salary becau
School: Colorado
Course: PRIN OF MICROECONOMICS
5. I have $20 in my pocket and it will still be there in the morning if I do not spend it tonight. My first choice is to go out tonight and spend the $20 on drinks. I know if I go out drinking I will not get in a fist fight with my roommate. I know I will
School: Colorado
Course: Intro Macroeconomics
MACROECONOMICS STUDY GUIDE 2013 CHAPTER 11 ~ Long-Run Economic Growth In the long run, small differences in growth rate (%) make big changes in compounding If growth rate is not raising, citizens miss out on opportunities and have lower living standards
School: Colorado
Course: Principles Of Macroeconomics
Consumption Function: (C=a+bY) a=Autonomous consumption b=Marginal Propensity to consume MPC is slope (MPC): The fraction of additional income that is spent for consumption. MPC=change in C/ change in Y. C function shifts to: 1. Changes in expectation of
School: Colorado
Course: Economic Reform In Developing Countries
Easterly Chapters 1-7 Chapter 1 Prichett- found a strong association between economic growth and changes in infant mortality rate. The rise in income was causing the fall in infant mortality and not the other way around. Income increases are causing red
School: Colorado
Study Guide 9/18 - State vs. Private Ownership - Should firms be privately owned or government controlled? Private ownership is crucial when there is a large incentive to innovate and contain costs. Government regulation should come into play when firms f
School: Colorado
Course: INTRO TO ECONOMICS
STUDY GUIDE For each chapter I identify material that you are not responsible for, key words or concepts that you should be familiar with, and a summary of the key points to take away from each chapter. Following this are practice multiple choice question
School: Colorado
Course: MATH TOOLS FOR ECON 1
Econ 1078 Math Tools for Economists I Spring 2014 Section 002 MWF 2:00 - 2:50 HUMN 135 Instructor: Tim Larsen E-mail: timothy.larsen@colorado.edu Office: Econ 309A (3rd floor of the Econ Building) Office Hours: Tuesday 10:30-11:30, Wednesday 3:00-4:00 and
School: Colorado
Course: INTERMEDIATE MACROECONOMIC THEORY
Fall 2006 ECON 3080-001: Intermediate Macroeconomic Theory Instructor: Murat F. Iyigun Economics Building Room No. 102. (303) 492-6653 murat.iyigun@colorado.edu URL: http:/stripe.colorado.edu/~iyigun Class Schedule: MWF 10 a.m. 10:50 a.m. in BESC 185. Off
School: Colorado
Course: Economic Reform In Developing Countries
Maymester 2014 ECON 4774-001: Economic Reform in Developing Countries Instructor: Murat Iyigun Office: Economics Building, Room 103 Phone: (303) 492-6653 E-mail: murat.iyigun@colorado.edu URL: http:/stripe.colorado.edu/~iyigun Class Schedule: M-F 9 12 noo
School: Colorado
Course: MATH TOOLS FOR ECON 2
ECON 1088-002 Syllabus Mathematical Tools for Economists I Spring 2012 Instructor: Xin Geng Office: Econ 206 Email: xin.geng-1@colorado.edu Office Hours: M & W 9:00-10:30am Course Meetings: M, W & F 12-12:50pm Prerequisite: ECON 1078 or its equivalent CLR
School: Colorado
Course: PRIN OF MICROECONOMICS
University of Colorado Course Syllabus ECON 2010-090: Principles of Microeconomics Fall 2012 Instructor: Office: Email: Office Hours: Class Time: Classroom: Chris McMahan ECON 313 mcmahanc@colorado.edu T 3:30 PM 4:30 PM, TH 4:45 PM 5:45 PM, and by appoint
School: Colorado
Course: MACROECONOMICS
Syllabus for BCOR 2200, Sections 100 and 200 Introductory Finance, Spring 2013 Dr. David M. Gross Description This course will cover the concepts and skills needed to make sound financial decisions. Topics include financial statement analysis, time value
School: Colorado
Course: International Econ
Boston University Department of Economics EC-369- A1 Economic Development in Latin American Countries Syllabus Fall 2011 Prof. Regina Cati Office: 264 Bay State Rd. # 539 Phone: (617) 353-4249 Email: catir@bu.edu Lecture: Mon, Wed and Fri 1:00-2:00 PM (GC
School: Colorado
Course: International Econ
EC202 - Intermediate Macroeconomic Analysis Syllabus Spring 2012 Instructor Guillem Riambau Oce: 270 Bay State Road (SSW), B06. That is, in the basement of the economics department. Oce Hours: Monday after class (2-3), Wednesday before class (12-1), or by
School: Colorado
Course: International Econ
EC332 Market Structure and Economic Performance (Industrial Organization) Spring 2012 Prof. Jordi Jaumandreu E-mail: jordij@bu.edu Department of Economics, 270 Bay State Road Room 416 Phone: 617 358 5925 Office hours: M 11:00 am - 12:30 pm; W 2:00 pm 3:30
School: Colorado
Course: LABOR ECONOMICS
Economics 4616-001: Labor Economics Fall 2010 MWF 1:00-1:50 PM Room: EDUC 231 Class Website through CULearn: https:/culearn.colorado.edu/ No Class: 9/6 (Labor Day); 11/22-11/26 (Fall Break) Professor Francisca Antman Office: Economics 14b Office Hours: Mo
School: Colorado
Course: INTRODUCTION TO MATHEMATICAL ECONOMICS
Economics 4808 Introduction to Mathematical Economics Fall 2010 Professor: Office: E-mail: Web: Office Hours: Billy Mertens ECON 12 mertens@colorado.edu http:/spot.colorado.edu/~mertens M 1:00 5:00; W, F 11:15 11:45; and by appointment. Course Description
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Course: PRINCIPLES OF MACROECONIMCS
ECONOMICS 2020-030 Principles of Macroeconomics Spring 2008 Instructor: Office: E-mail: Homepage: Office Hours: Text: Craig Kerr ECON 414 craig.kerr@colorado.edu webfiles.colorado.edu/kerrc Thursday 9-11 AM Mankiw, N. Gregory, Brief Principles of Mac
School: Colorado
Course: LABOR ECONOMICS
Economics 4616-002: Labor Economics Fall 2008 MWF 12-12:50PM Room: Economics 119 Class Website through CULearn: https:/culearn.colorado.edu/ No Class: 9/1 (Labor Day), 11/24-11/28 (Fall Break) Professor Francisca Antman Office: Economics 14b Office H
School: Colorado
Course: PRINCIPLES OF MACROECONOMICS
ECONOMICS 2020 Principles of Macroeconomics Spring 2008 Professor: Office: E-mail: Web: Office Hours: Billy Mertens ECON 12 mertens@colorado.edu http:/spot.colorado.edu/~mertens T 9-9:30am & 3:20-5:35pm; W 1-2pm; R 9-9:30am & 3:20-4:05pm; and by appo
School: Colorado
Course: PRINCIPLES OF MACROECONOMICS
Syllabus ECON 2020-100 Principles of Macroeconomics Spring 2008 Professor: Jules Kaplan T.A.: Luis Castro Contact Info: Office: Econ 414 Office hours: Tuesday 10:00 12:00, Thursday 14:00 15:00 E-mail: Luis.Castropenarrieta@colorado.edu Web site: ht
School: Colorado
Course: INTRMED MICROECON THEORY
Intermediate Microeconomic Theory Economics 3070-004 Professor M. J. Greenwood Spring 2008 Office: ECON 106 Office Hours: Tuesday and Thursday 11:15am-12:00pm; 3:30-4:45, and by appointment. PREREQUISITES: ECON 1000 or 2010; and either ECON 1078 and
School: Colorado
Course: PRINCIPLES OF MACROECONOMICS
ECONOMICS 2020 Principles of Macroeconomics Spring 2008 Professor: Office: E-mail: Web: Office Hours: Billy Mertens ECON 12 mertens@colorado.edu http:/spot.colorado.edu/~mertens T 9-9:30am & 3:20-5:35pm; W 1-2pm; R 9-9:30am & 3:20-4:05pm; and by appo
School: Colorado
Course: MATH TOOLS FOR ECON 1
ECON1078-001 Math Tools for Economists Spring 2008 Instructor: Office Location: Office Phone: Email: Class Website: Office Hours: Po-Lu Chen Econ 306 (3rd Floor of the Economics Building) 303-492-6023 chenp@colorado.edu On CULearn Relevant materials
School: Colorado
Course: PRINCIPLES OF MACROECONIMCS
ECONOMICS 2020-030 Principles of Macroeconomics Spring 2008 Instructor: Office: E-mail: Homepage: Office Hours: Text: Craig Kerr ECON 414 craig.kerr@colorado.edu webfiles.colorado.edu/kerrc Thursday 9-11 AM Mankiw, N. Gregory, Brief Principles of Mac