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Econ 480
Final exam
November 11th, 2010
Instructions:
This is a 90 minutes examination:
o There are 14 multiple-choice questions worth 3 points apiece.
o There is one numerical short-answer question w
Chapter 2
1. What happens to the reservation wage if nonlabor income increases, and why?
2. What economic factors determine whether a person participates in the labor
force?
3. How does a typical work
Econ 480
Midterm 2
November 11th, 2010
Instructions:
This is a 70 minutes examination:
o There are 10 multiple-choice questions worth 4.5 points apiece.
o There is one numerical short-answer question
Lecture Notes 4
The third technique involves the use of Lagrangians, which you may have
encountered if youve taken a multivariate calculus class. These are somewhat
technical and unintuitive, but easy
Lecture Notes 5
Then if we estimate the equation,
Earnings = a + b ! Class + e
we would find that the average effect of the class is $875. This is accurate, but only for
the people who selected to tak
Chapter 2
1. What happens to the reservation wage if nonlabor income increases, and why?
2. What economic factors determine whether a person participates in the labor
force?
3. How does a typical work
Lecture Notes 3
Everything in economics is a constrained optimization problem. Remember the
definition you first heard in intro micro: economics is the study of the behavior of
individuals who satisfy
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Homework 2
ECON 480, Shrago
Due 02/03/2017 at 10:10 AM
Rules and Notes:
Each problem subsection is worth 5 points.
You are welcome to work with other students on all HW assignments. However, each st
Econ 480
Midterm1 - MCQ
February 21, 2012
Multiple-choice questions (30 points)
Name:
PID:
Circle the correct answer. Do not provide justifications.
1. According to our simple model of a competitive l
Econ 480
Midterm1 SA2
February 21, 2012
Short answer question 2 (33 points)
Name:
PID:
Answer the following questions using numerical answers. Show all work: partial credit is given
for correct reason
Econ 480
Midterm1
October 2nd , 2012
Multiple-choice questions (30 points)
Name:
PID:
Section (circle one): 12:30pm / 2:00pm
Circle the correct answer. Do not provide justifications.
1. Why are univer
Econ 480
Midterm1
October 5th, 2010
Instructions:
This is a 70 minutes examination:
o There are 10 multiple-choice questions worth 4.5 points apiece.
o There is one numerical short-answer question wor
Econ 480
Midterm1 SA1
October 5th, 2010
Short answer question 1 ( 37 points)
Name:
PID:
Marie is a single mother with two kids with who works selling entrance tickets to the Eiffel
tower. She has flex
Lecture Notes 2
Given two sets X andY , a function is a rule that associates each member of X with
exactly one member ofY . Intuitively, y is a function of x means that the outcome y
depends on some x
Lecture Notes 1
Economics is based on an assumption that people have rational preferences. This
has three very simple rules. First, people care about final goods, and they are
inherently indifferent t