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Econ 301 Spring 2016 Assignment 2
The assignment is due in class on Monday, June 6th. Answer each of the following questions.
You must provide justiﬁcation to receive marks. Students may collaborate in solving the
problems but must
m
Econ 301 Spring 2016 Assignment 1 . ,
The assignment is due in class on Wednesday, May 25‘'1 . Answer each of the
following questions. You must providejustification to receive marks. Students may
collaborate in solving the problems but must individually
Econ 301 Recommended Textbook (Nechyba Microeconomics) P roblems
P roblem numbers refer to the North American edition; the corresponding numbering in
the International Edition are given in parentheses (IE #)
Chapter 2
2.9 Pricing and Quantity Discounts 
113 Different Types of Tastes
5.3 Beer comes in six and twelnepacks. in this exercise we will see how your model of tastes for beer and
other consinnption might be aected by the units in which we measure been
A: Suppose initially that your favorite bee
Consumer Surplus and Dead Weight Loss 286
10. 1 Consider a. good x1 in a model where d consumer chooses between X] and a composite good X2.
A: Explain why the following either cannot happen or, if you think it can happen, how:
(a) Own price demand for a
Econ 301
Midterm Review Document
Midterm Exam: Monday, October 21st during lecture 11:30am  12:50pm.
Location: Students will be directed to two separate rooms based upon the first letter of their last
name.
Last name starts with
Midterm Room
AL
DWE 3522
Econ 301 Fall 2013
Assignment 4
The assignment is due in class on December 2nd . Answer each of the following
questions. You must provide justification to receive marks. Students may collaborate in
solving the problems but must individually write up their
Department of Economics University of Waterloo Econ 301(Section 001) Microeconomic Theory 2 Fall 2011 All information pertaining to Midterm Examination 2 is provided in this file. Time & Date: Thursday, November 17 from 4.30 pm to 5.50 pm Allocated Rooms
University of Waterloo
Department of Economics
ECON 301  Microeconomic Theory II
2nd Midterm Exam  Spring 2012
Total Marks: 25
Question 1 (8 marks)
Note whether the statements below are true, false, or ambiguous. For each case, clearly explain your
answ
University of Waterloo
Department of Economics
ECON 301  Microeconomic Theory II
1st Midterm Exam  Spring 2013  Answer Key
Instructor: AlainDsir Nimubona
Total Marks: 25
Question 1 (9 marks)
Important Remarks:
No marks should be award if the student d
ECON 301  Microeconomic Theory 2
Lecture 17
Externalities (Contd)
These notes are based on chapter 34 of the textbook "Intermediate Microeconomics" by
Varian (2010).
1
Last Lecture
Externalities and E ciency
Externalities and Property Rights
Ine ciency &
ECON 301  Microeconomic Theory 2
Lecture 2
Utility Maximization
These notes are based on chapters 4 and 5 of the book "Intermediate Microeconomics"
by Varian (2010).
1
Mathematical Review
Functions and graphs
Equations and identities
Changes and rates of
ECON 301  Microeconomic Theory 2
Lectures 14 and 15
Welfare Economics
These notes are based on chapter 33 of the textbook "Intermediate Microeconomics" by
Varian (2010).
1
Social Choice
There will usually be many economic states that are Pareto
e cient.
ECON 301  Microeconomic Theory 2
Lecture 4
Prot Maximization
These notes are based on chapters 19 and 20 of the textbook "Intermediate Microeconomics" by Varian (2010).
1
Last Lecture
Consumer Demand Functions
Slutsky Equation.
ShortRun ProtMaximizatio
University of Waterloo
Department of Economics
ECON 301  Microeconomics Theory II
Problems Set 2 (Chapters 32, 33, 34, and 36)  Solutions
A. Problems
1. Robinson Crusoe has decided that he will spend exactly 8 hours a day gathering food. He can either
s
ECON 301  Microeconomic Theory 2
Lecture 16
Externalities
These notes are based on chapter 34 of the textbook "Intermediate Microeconomics" by
Varian (2010).
1
Last Lecture
Welfare Maximization
Social Optima & E ciency
Fair Allocations.
Externalities
An
University of Waterloo
Department of Economics
ECON 301  Microeconomic Theory 2
Lecture 1
Course Organization and Introduction
Introducing myself
Instructor: AlainDsir Nimubona
O ce: HH 212
Phone: 5198884567, ext 33949
Email: animubon@uwaterloo.ca
O
University of Waterloo
Department of Economics
ECON 301  Microeconomic Theory II
2nd Midterm Exam  Spring 2013
July 11, 2013  8:30 a.m.
Duration of the exam: 1 hour 15 minutes
Instructor: AlainDsir Nimubona
Total Marks: 25
Question 1 (7 marks)
Note wh
ECON 301  Microeconomic Theory 2
Mathematics Review
These notes are based on the Mathematical Appendix in "Intermediate Microeconomics"
by Varian (2010).
1
Functions
A function is a rule for describing the relationship between
numbers. In our context, we
University of Waterloo
Department of Economics
ECON 301  Microeconomic Theory II
2nd Midterm Exam  Spring 2011  Answers
Total Marks: 50
Question 1 (16 marks)
Note whether the statements below are true, false, or ambiguous. For each case, clearly explai
ECON 301  Microeconomic Theory 2
Lectures 5, 6, and 7
General Equilibrium of Exchange Economy
These notes are based on chapter 31 of the textbook "Intermediate Microeconomics" by
Varian (2010).
1
Last Lecture
ShortRun ProtMaximization.
Prot Maximizatio
University of Waterloo
Department of Economics
ECON 301  Microeconomics Theory II
Problem Set 1 (Chapters 4, 5, 8, 19, 20, and 31)  Answers
A. Problems
1.
Lucas spends all of his food budget on pizza and milk. Lucasutility function is
U (q1 ; q2 ) = q1
University of Waterloo
Department of Economics
ECON 301  Microeconomic Theory II
1st Midterm Exam  Spring 2012
June 5, 2012  8:30 a.m.
Duration of the exam: 1 hour 15 minutes
Instructor: AlainDsir Nimubona
Total Marks: 25
Question 1 (7 marks)
Note whe
University of Waterloo
Department of Economics
ECON 301  Microeconomic Theory II
1st Midterm Exam  Spring 2012
June 5, 2012  8:30 a.m.
Duration of the exam: 1 hour 15 minutes
Instructor: AlainDsir Nimubona
Total Marks: 25
Question 1 (7 marks)
Note whe
ECON 301  Microeconomic Theory 2
Lecture 11
General Equilibrium of Production Economy
These notes are based on chapter 32 of the textbook "Intermediate Microeconomics" by
Varian (2010).
1
Exchange Economies (revisited)
General equilibrium: all markets cl
ECON 301 Course Outline & Introduction
Course Description

pricing and employment of inputs;

general equilibrium theory;

theory of modern welfare economics; and

intertemporal choice.
Course Objectives
 be able to understand and explain the fundame
University of Waterloo
Department of Economics
ECON 301  Microeconomics Theory II
Problems Set 3 (Chapters 10, 26, and 36)
A. Problems
1. Alpha has a CobbDouglas utility function U (c1 ; c2 ) = ca1 c12 a , where 0 < a < 1 and where c1 and c2
are her con