Assignment 2 - ECON 281 X50
Due Friday, Aril. 1 2016 (3:30pm)
Instructor: MAX STIES
Semester: WINTER 2016
Please drop your assignment in the according assignment box at the economics department
office at the 8th floor of Tory. No late assignments will be
Section 3 Production and Cost Theory
Thus far we have focused on the individual consumers decisions: Choosing consumption and leisure to: Maximize Utility Minimize Income Section 3 deals with another economic agent, the producer, and their decisi
Department of Economics
ECONOMICS 282-A1
Intermediate Macroeconomic Theory I
FALL 2015
INSTRUCTOR:
OFFICE:
PHONE:
E-MAIL:
OFFICE HOURS:
LECTURES:
Andrew Wong
7-13 Tory Building
780-492-2049
[email protected]
M 12:00 1:00 p.m. or by appointment
MWF 11:00
In place of a price floor, the government can instead impose a PRODUCTION QUOTA Production Quotas restrict the quantity supplied of any good Ie: Taxi Cabs Ie: Safeway stores (unintentional)
1
Production Quotas have similar effects to price floor
EN GL 123B13 Final Exam
Instructor: Olumide Ogundipe
Location: HC 1-11
Date: Monday, April 26, 2010~2:00 p.m. ~2 hours~30%
Please read every instruction very carefully. The examination is in TWO parts. Part A
comprises passage identification questions whi
ECON 281- X02
Intermediate Microeconomic Theory I
Review Questions
Lazarevic, F
Fall 2016
The following questions are intended to help you review the course material, as well as to give you some
rough idea of the types of questions that may be asked on th
ECON 281- X02
Intermediate Microeconomic Theory I
University of Alberta/ Department of Economics
Instructor: Fedja Lazarevic
Fall Term 2016
Office: Tory 8-26
Class Time: Thursdays 18:30-21:30
Email: [email protected]
Classroom: Tory 1 93
Office
Study Suggestions for ECON 281 Exams
Here are some suggestions as to how to study for my ECON 281 exams:
1.
Go through your class notes and make sure you understand what we did in class. If you do
not understand something, come and see me.
2.
Go through t
ECON 281- A1
Final Exam
F Lazarevic
16 June 2011
You have 120 minutes to do this exam. This exam has 9 questions. There is no choice of questions. The
number in the brackets next to each question indicates the maximum number of marks that can be earned
on
ECON 281 (A1)
Midterm Exam 1
F Lazarevic
26 May 2011
You have 50 minutes to do this exam. This exam has 4 questions. There is no choice of questions. The
number in the brackets next to each question indicates the maximum number of marks that can be earned
ECON 281- A5
Final Exam
F Lazarevic
19 December 2011
You have 120 minutes to do this exam. This exam has 7 questions. There is no choice of questions. The
number in the brackets next to each question indicates the maximum number of marks that can be earne
Production Function
Isoquants
Returns to Scale
Technological Progress
III. PRODUCTION AND COST THEORY:
06 - Production Function
Max Sties
Department of Economics
UNIVERSITY OF ALBERTA
06 - Production Function
1 / 11
ECON 281 A2
Production Function
Isoquan
Perfect Competition
Profit Maximization
Market Equilibrium
Producer Surplus
IV. PERFECT COMPETITION:
09 - Perfectly Competitive Markets
Max Sties
Department of Economics
UNIVERSITY OF ALBERTA
09 - Perfectly Competitive Markets
1 / 12
ECON 281 A2
Perfect C
ECON 281 Exam Rules
You must have your student ID with you during the exam. I will be checking everyones Student
ID during the exam.
No notes of any kind are allowed.
Only items allowed on your person are pencils, erasers, non-programmable calculator and
Chapter 11
Aggregate Demand II: Applying
the IS-LM Model
(Section 11.1 and 11.2)
Equilibrium in the IS -LM model
The IS curve represents
equilibrium in the goods
market.
r
LM
Y C ( T ) I (r ) G
Y
The LM curve represents
money market equilibrium.
r1
IS
M P
Assignment 1 - ECON 281 B1
Due Monday, Feb. 13 2017, 12:00pm
Instructor: MAX STIES
Semester: Winter 2017
Please drop your assignment in the according assignment box at the economics department
office at the 8th floor of Tory or hand it in in class. This i
English 123-X50-Essay #1
Final draft due on: February 9, 2016 (First draft is due for peer editing on February 2, 2016).
Write an essay of 1,200 to 1,500 words on ONE of the following questions:
1. With specific details and examples, examine the instances
ECON 281 (X1) Fall 2015
MIDTERM EXAM
Instructor: Lazarevic, F
13 October 2015
You have 100 minutes to do this exam. This exam has 7 questions. There is no choice of questions. The
maximum number of marks that can be earned on any question is given in the
ECON 281- A5
Midterm Exam
F Lazarevic
1 November 2011
You have 80 minutes to do this exam. This exam has 6 questions. There is no choice of questions. The
number in the brackets next to each question indicates the maximum number of marks that can be earne
ECON 281- X1
Final Exam
Lazarevic, F
1 December 2015
You have 120 minutes to do this exam. This exam has 8 questions. There is no choice of questions. The
number in the brackets next to each question indicates the maximum number of marks that can be earne
ECON 281 Exam Writing Instructions
Exam questions will be of the short answer variety and may involve explanations using words and
diagrams or numerical or mathematical derivations.
The type of answer expected will vary depending on the question. Some ans
English 123-X50-Essay #1
Final draft due on: February 9, 2016 (First draft is due for peer editing on February 2, 2016).
Write an essay of 1,200 to 1,500 words on ONE of the following questions:
1. With specific details and examples, examine the instances
Long-Run Cost Curves
Short-Run Cost Curves
Long vs. Short-Run Cost Curves
III. PRODUCTION AND COST THEORY:
08 - Costs Curves
Max Sties
Department of Economics
UNIVERSITY OF ALBERTA
08 - Costs Curves
1 / 11
ECON 281 A2
Long-Run Cost Curves
Short-Run Cost C
Economic Cost
Cost Minimization
III. PRODUCTION AND COST THEORY:
07 - Costs and Cost Minimization
Max Sties
Department of Economics
UNIVERSITY OF ALBERTA
07 - Costs and Cost Minimization
1 / 12
ECON 281 A2
Economic Cost
Cost Minimization
Outline
Economic
Chapter 5 The Theory of Demand
Thus far we have studied supply and demand and their equilibrium In this chapter we will see how the demand curve arises out of consumer theory Shifts in demand will be dissected and consumer choices will be investigated fu
Corner Solutions
Interior Optimums occur when positive amounts of both goods are consumed to maximize utility Not everyone will maximize utility by consuming both goods: Not everyone buys a Porsche Not everyone values ballet shoes highly When ut
Chapter 4 - Consumer Choice
People cant have everything; their choices are always constrained by factors such as time and money. In this chapter we will cover: The budget constraint Shifts in the budget constraint Maximizing Utility Minimizing Expen
Indifference Curves 3 dimensional graphs are difficult to graph and understand In practice, consumer preference is graphed using 2 goods on the X and Y axis and INDIFFERENCE CURVES Each INDIFFERENCE CURVE plots all the goods combinations that yiel