Problem Set #8
1. Joey has a sandwich shop located next to Chandlers cigarette store in a small shopping
mall. The number of customers who frequent the mall to shop at either store depends on
the amou
National University of Singapore
Department of Economics
EC 3101 Microeconomic Analysis II
Semester 1 AY 2014/2015
Practice Problem Set 2
Monopoly (C.24)
Question 3.1
Orange is the only firm t
EC3101 Homework #2
1. (13 points) Suppose that a community of > 2 individuals want to start a vegetable
garden. In order to sustain the garden, at least individuals need to tend the garden
where 1 < <
Problem Set #8
1. Joey has a sandwich shop located next to Chandlers cigarette store in a small shopping
mall. The number of customers who frequent the mall to shop at either store depends on
the amou
Problem Set #5
1. Consider the normal-form game below:
Julia
Top
Middle
Bottom
James
Center
3,1
4,4
2,1
Left
0,2
1,3
2,1
Right
2,3
4,1
3,2
a. What are the three essential elements of any game?
Players
Problem Set #2
1. Johns utility function is () = ln(). He purchases a risky asset that pays $404 with
probability 0.6 and $1097 with probability 0.4. What is the risk premium associated with
this asse
Problem Set #9
1. In conjunction with Singapores National Day celebrations, there will be a fireworks
display at Marina Bay. There are 1000 citizens in Singapore and they are interested in
only two th
EC3101: Problem Set #1 for Week 3 Discussion Groups
1. Calculate the following:
a. The present value of $1,000,000 delivered 20 years in the future if the interest rate
is 20%.
b. The value of $1,000,
Problem Set #7
1. The Hawk-Dove game was first used by biologist John Maynard Smith to illustrate the
uses of game theory in the theory of evolution. Males of certain species frequently come
into conf
Problem Set #3
1.
a. The monopolist faces a demand curve given by = 120 2 and a cost
function of = 2. What is the optimal level of output and price?
b. The monopolist faces a demand curve given by = 7
National University of Singapore
Department of Economics
EC 3101 Microeconomic Analysis II
Semester 2 AY 2017/2018
Practice Problem Set 1
Intertemporal Choice (C.10), Uncertainty (C.12)
Question 1.1
M
EC 2104 Quantitative Methods for Economic Analysis
Problem Set 2
Students will solve selected problems from the following questions during tutorial sessions the week
of January 30, 2017.
1. Find f 0 (
National University of Singapore
Department of Economics
EC 3101 Microeconomic Analysis II
Semester 2 AY 2017/2018
Practice Problem Set 2
Monopoly (C.25)
Question 2.1
Orange is the only firm that sell
1
EC1101E
Semester 2
Tutorial 1 (Week 3)
1. Explain Adam Smiths metaphor of the invisible hand.
2. Discuss whether each statement is a purely Positive statement, or whether it also contains
Normative
National University of Singapore
Department of Economics
EC 3101 Microeconomic Analysis II
Semester 2 AY 2017/2018
Practice Problem Set 3
Oligopoly (C.28)
Question 3.1
Gerald is the sole owner of a mi
10/20/2017
Prison breakthrough
Game theory
Prison breakthrough
The fifth of our series on seminal economic ideas looks at the Nash equilibrium
Print edition | Economics brief
Aug 20th 2016
JOHN NASH a
Chapter 35:
Externalities
Todays plan
Externalities
Definition and Concept
An example
Internalizing the externality
The Coase theorem
The Tragedy of the Commons
2
Externality
Definition:
Wikipedia
EC3343 Tutorial 1
Suggested Answers
1.
Current Account
Trade Balance
NFI
NUT
Financial Account
Debit
a, b, c
Credit
Debit
d
Credit
a, b, c, d
Transaction e does not enter the BOP since it does not inv
EC3343 Tutorial 3
Suggested Answers
1. Since the renminbi has only current account but not financial account convertibility,
carry traders have to mobilize fund across the border by means of export an
EC3343, National U of Singapore
EC3343
International Finance
Department of Economics
National University of Singapore
Liu: [email protected]
1
EC3343, National U of Singapore
Liu: [email protected]
The
EC3343, National U of Singapore
Lecture 2
Current account sustainability
Liu: [email protected]
1
EC3343, National U of Singapore
Liu: [email protected]
Previously in EC3343
National income identities:
EC3343, National U of Singapore
Lecture 4
Exchange rates in the short run
Liu: [email protected]
1
EC3343, National U of Singapore
Liu: [email protected]
The Progress
Balance of payment
and current acco
EC3343, National U of Singapore
Liu: [email protected]
Lecture 1
National income and balance of payment (BOP)
1
EC3343, National U of Singapore
Liu: [email protected]
Learning Goals
After this lecture,
EC3101: Homework #1 (Due September 18th, 11 a.m.)
1
1. James utility function is characterized by () = 2 , where is his level of wealth.
James initial wealth is . His utility function exhibits the von
Week 11 Problem Set
1. Dominic Toretto and Lance Nguyen are engaged in a face-off. They are going to drive in
souped-up cars towards each other at great speed. The best thing that can happen to a
play
Week 12 Problem Set
1. Joey has a sandwich shop located next to Chandlers cigarette store in a small shopping
mall. The number of customers who frequent the mall to shop at either store depends on
the
Todays plan
Adverse Selection
Signaling
Moral Hazard
Incentive Contracts
1
Signaling
Adverse selection is an outcome of an
informational deficiency.
We saw that high quality sellers (e.g. Peach
Chapter 37:
Public Goods
(Sections 37.3 - 37.4)
1
Public Goods
Definition and concept
How much of a public good to provide
2
Definition
A public good is a good that is:
Non-excludible: once produc