Kenny Rich
Tutoring Research Paper
November 11, 2012
The Different Styles of Economics Tutoring
Economics is the study of the rational allocation of resources under constraints in
order to meet objectives. For many people, the field of economics is a very
Kenny Rich
Research Proposal
For my research project, I will write a research paper, rather than an oral
presentation. The topic that I have chosen is how students can learn about Economics,
according to the four different types of learning methods (audit
1
_.~ 1 E2»
:gJ What 3
(7x
UNC-Wilmington g ECN 321
Department of Economics and Finance /\ /;7 Dr. Chris Dumas
Midterm Exam 2
Directions: You have 75 minutes to complete the exam. Work alone. You are not allowed to use textbook or
notes. You are all
Kenny Rich
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Homework 3 (Due Tuesday, Sept 11)
1) What is the definition of economics as discussed in lecture and in the class handouts?
Economics is the study of the rational alloca
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Homework 3 (Due Tuesday, Sept 17)
1) What is the definition of economics as discussed in lecture and in the class handouts?
2) Is the word "data" singular or plural? What are data?
UNC-Wilmington Cameron School of Business
Dept. of Economics and Finance Dr. Chris Dumas
Economics As a Profession
Welcome to ECN 321, Intermediate Microeconomics. This handout introduces you to economics as a profession and suggests a few additional reso
Kenny Rich
ECN 321
HW 2b
1. A proposition is a sentence that must be either true or false. An argument is when
there are two sentences for which the truth of one implies that the other is true.
2. A valid argument is a conditional statement that is true.
Kenny Rich
ECN 321
HW 2a
1. Economics is defined as the study of the rational allocation of resources under
constraints to meet objectives. Based on this definition of Economics, it can be
said that everyone is an economic decision maker. Individuals can
CHAPTER FIVE
DECISION MAKING IN
ADMINISTRATION
From: Public Administration
in America, by Michael E.
Milakovich & George J.
Gordon
THE NATURE OF DECISIONS
The task of deciding pervades the entire
administrative organization quite as much as the
task of do
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Calculus Review Example Problems
Find the following derivatives or partial derivatives.
1)
Find dy/dx for y = 23*ln(5x)
2)
Find dy/dx for y = 43x - 6x 6 - 5*(3x - 7)3
(hint: use th
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Consumer Choice
with Non-linear Objective Functions and No Constraints
Example Problems
In this handout, we examine consumer utility maximization problems that can be classified as
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Calculus Review
Calculus
Calculus is the study of the rates of change of interrelated variables. It turns out that just
about all of economics is about the rates of change of inter
Jason Flynn
First Exam
10/6/14
Deutschland oder U.K., was ist besser?
Germany, currently Europes largest economy in terms of GDP, has often compared with
America, the UK and other western nations in terms of economic strength, stability and output.
These
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Homework 3 Solutions
1) Economics is the study of the rational allocation of resources under constraints to meet objectives.
2) The word "data" is plural. Data are measured, record
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Homework 2 Solutions
What is Microeconomics?-Short Answer Questions
1) Economics is the study of the rational allocation of resources under constraints to meet objectives.
Many dec
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Homework 8 Solutions
Simultaneous-Move and Repeated Games
1)
Situations between perfect competition and monopoly/monopsony.
2)
(a) A Cooperative Solution is the combination of play
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Non-linear Programming with Constraints, Lagranges Method
- Example Problems
Example (1)
* Nonlinear programming problem
* One choice variable
* One constraint
Note: When we have a
Economics is the rational allocation of resources under constraints to meet objectives.
rational: one possible method of allocation
assumes : 1) decision makers can rank objectives
2) decision makers act t
classifying Economics
- all sciences do it to ord
Economics is the rational allocation of resources under constraints to meet objectives.
rational: one possible method of allocation
assumes : 1) decision makers can rank objectives
2) decision makers act t
classifying Economics
- all sciences do it to ord
Model Building
The process of building models to explain the world around us is common to all
sciences. This handout outlines the process of building economic models.
Understanding the process of model building is crucial to upper-level decision
makers. E
Introduction to Microeconomics
The word Economics is derived from the ancient Greek words for "house" and
"to manage." In the time of ancient Greece, as today, household management
involved quite a range of activities. Food must be purchased (or grown) an
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Consumer Choice
with Non-linear Objective Functions and No Constraints
Example Problems
In this handout, we examine consumer utility maximization problems that can be classified as
Kenny Rich
Research Proposal
For my research project, I will write a research paper, rather than an oral
presentation. The topic that I have chosen is how students can learn about Economics,
according to the four different types of learning methods (audit
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
ECN 321-02
Intermediate Microeconomics
Fall 2012
Instructor:
Office Phone:
Email:
Office:
Office Hours:
Dr. Chris Dumas
910-962-4026
[email protected]
Cameron Hall, Rm. 220-H
Mon/Wed
Kenny Rich
UNC-Wilmington
Department of Economics and Finance
Homework 1 (Due Tues, Aug. 28)
ECN 321
Dr. Chris Dumas
Recall the discussion of professional associations in lecture and in the handout "Economics as a
Profession." In this discussion, associat
Model Building
The process of building models to explain the world around us is common to all
sciences. This handout outlines the process of building economic models.
Understanding the process of model building is crucial to upper-level decision
makers. E
UNC-Wilmington
Department of Economics and Finance
ECN 321
Dr. Chris Dumas
Homework 6 Solutions
(1)
max U = 50 + 30S (1/4)S 2 + 300G (1/10)G 2
S, G
subject to: no constraints
F.O.C.'s:
U
= 30 2(1 / 4)S = 0
S
U
(2)
= 300 2(1 / 10)G = 0
G
(1)
Solve FOC (1)
Consumer Choice I - Optimization & Linear
Programming
We begin our study of microeconomics by building models of the economic
behavior of individual consumers. This is known as the study of Consumer
Choice. We build models of consumer behavior in order to