Econ 301
Problem Set 2. Due on January 20, 2015
1 of 4
Name:
Student ID:
Section Number:
Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
You may work t
1/7/2013
Organisation of the course:
Lectures
Discussion sessions
ECON 301
Course page:
http:/faculty.arts.ubc.ca/sseverinov/econ301.htm
Check for new material before and after each lecture
Profes
Professor S. Severinov Economics 301, UBC Winter 2010
Problem Set 3 Due in class on March 9, by 1:40. Late Problem Sets will not be accepted
1. Question for Review 4, Chapter 7 (p.261) 2. Exercise 8,
Econ 301
Problem Set 9. Due on March 17, 2015
Page 1 of 5
Name:
Student ID:
Section Number:
Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
You may wor
Econ 301 (921)
Summer Session, Term I, 2015
M. Vaney
Problem Set 5 - Extra Problems
Not Due for marks
1. Draw an Edgeworth Box for two consumers A and B and two goods x1 and x2 . Show
an endowment poi
Econ 301 (921)
Summer Session, Term I, June 2015
M. Vaney
Problem Set 5 - Solutions
1. Given B 0 s utility function
1
UB (xB ; xB ) = ln(x1 + ) + x2
2
1
3
indierence curves for B will have slope
M RSB
Econ 301
Problem Set 3. Due on January 27, 2015
1 of 4
Name:
Student ID:
Section Number:
Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
You may work t
Econ 301
Problem Set 10. Due on March 24, 2015
Page 1 of 4
Name:
Student ID:
Section Number:
Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
You may wo
ECON 301
Due: Nov 29/30, 2016
Due at the beginning of class.
No late problem sets will be accepted.
The problem set can be submitted in groups of up to 4 students.
Answers must be typed or clearly han
Econ 301
Problem Set 1. Due on January 13, 2015
1 of 2
Name:
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Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
You may work t
Problem Set 2 Solutions
Econ 355 - Introduction to International Trade
2014-2015 Winter Term 1
1
True/False/Uncertain
1. False. If both Manufacturing and Agriculture goods prices decrease by 5%, the r
Lecture 12 Econ 301 Professor S. Severinov
Economics of the Firm Costs of Production, Supply
Supply of a competitive firm
Optimal output maximizes profits Let P me the price of output. Profits are: Pq
Econ 301
Solutions Problem Set 7. Due on March 03, 2015
Page 1 of 4
Name:
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Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
Y
ECON 301 Professor S. Severinov PROBLEM SET 1 Due: January 21 in class (by 1:45pm) (Late Problem Sets will not be accepted) 1. 2. 3. 4. 5.
7.
Exercise 1, Ch.1 (p18.) Review Question 9, Ch2. (p. 62) Re
Econ 301
Problem Set 12. Due on Thursday, April 9, 2015
Page 1 of 8
Name:
Student ID:
Section Number:
Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
N
Econ 301 (921)
Summer Session, Term I, June 2015
M. Vaney
Problem Set 4 - Solutions
1. Given
n
X
y = f (x1 ; : : : ; xn ) =
i xi
i=1
!
If the production function is homothetic the Technical Rate of Su
ECON 301 FINAL - SUMMER 2009 - Solutions
PART A:
1. taxation of inelastic goods allows revenue to be raised without generating much deadweight loss.
2. q = 25
3. notes
4. RC consumes only leisure. laz
Intermediate Microeconomics
Econ 301
UBC
Professor Sergei Severinov
Answer Key to Problem Set 2
1.
X ( p X , pY , I ) 5 p X1 2 p 1 / 4 I 1 / 4
y
Own-price elasticity of the demand for X:
pX
dX p X
1
1
ECON 301
Professor S. Severinov
Winter 2013-2014
UBC
PROBLEM SET 1
Due: January 28 in class (by 12:15pm)
(Late Problem Sets will not be accepted!)
1.
2.
3.
4.
5.
6.
Exercise 1, Ch.1 (p19.)
Review Ques
1. Bellas budget line for x and y depends on all of the
following except
a.
b.
c.
d.
e.
the amount of money she has to spend on x and y.
the price of x.
her preferences between x and y.
the price of y
University of British Columbia
Vancouver School of Economics
Economics 301 (921)
Summer Session, Term 1, 2014
M. Vaney
Midterm Examination
Number
Part Points Available
A.1
5
A.2
5
A.3
5
A.4
5
B.1
20
B
University of British Columbia
Department of Economics
Economics 301 (921)
June 2011
M. Vaney
Final Examination
Part Points Available
A
20
B.1
20
B.2
20
B.3
20
B.4
20
Total
100
Points Earned
Instructi
Econ 301 (921)
Summer Session, Term I, 2015
M. Vaney
Problem Set 4
Due: June 18 at the beginning of lecture. At least one question will be graded.
1. For the production function
y = f (x1 ; : : : ; xn
Economics301: Quiz 1 (Fall 2010)
You have35 minutesto completethis quiz. Pleasedo not turn to pagetwo until askedto.
GOOD LUCK!
1
Section I: True or False This sectionis worth a total of 6 marks. Ther
Econ 308: Intermediate Microeconomic Assignment Analysis 3
1. (10 marks) Maslow has certain needs for food and clothing. Last month the price of food
was $20 per kg and the price of clothing was $12 p
Intermediate Microeconomics
Econ 301
UBC
Professor Sergei Severinov
Answer Key to Problem Set 2
1.
X ( p X , pY , I ) 5 p X1 2 p 1 / 4 I 1 / 4
y
Own-price elasticity of the demand for X:
pX
dX p X
1
1
CHAPTER 17-Auctions
MULTIPLE CHOICE
1. First Fiddlers Bank has foreclosed on a home mortgage and is selling the house at auction. There are
three bidders for the house, Jesse, Shelia, and Elsie. First
CHAPTER 13-Risky Assets
MULTIPLE CHOICE
1. Suppose that Ms. Lynch in Problem 1 can make up her portfolio using a risk-free asset that offers a
surefire rate of return of 10% and a risky asset with an
CHAPTER 12-Uncertainty
TRUE/FALSE
1. Of any two gambles, no matter what their expected returns, a risk averter will choose the one with the
smaller variance.
ANS: F
DIF: 1
2. An expected utility maxim
Econ 301
Problem Set 7. Due on March 03, 2015
Page 1 of 3
Name:
Student ID:
Section Number:
Instructions:
The problem set is due at the beginning of class on the due date. No exceptions.
You may wor
Technology
Varian ch. 19
Economics 301
March 2014
Joshua D. Gottlieb
Vancouver School of Economics
University of British Columbia
Technologies
A technology is a process by which inputs
are converted t
Profit Maximization
Varian ch. 20
Economics 301
March 2014
Joshua D. Gottlieb
Vancouver School of Economics
University of British Columbia
Economic Profit
A firm uses inputs j = 1,m to make products i
Demand
Varian ch. 6
Economics 301
January 2014
Joshua D. Gottlieb
Vancouver School of Economics
University of British Columbia
Properties of Demand Functions
Comparative statics analysis of ordinary
d
Choice
Varian ch. 5
Economics 301
January 2014
Joshua D. Gottlieb
Vancouver School of Economics
University of British Columbia
Economic Rationality
The principal behavioral postulate is that a
decisio
Slutsky Equation
Varian ch. 8
Economics 301
January 2014
Joshua D. Gottlieb
Vancouver School of Economics
University of British Columbia
Effects of a Price Change
What happens when a commoditys price