Econ 3T03
Fall 2014
Home Assignment #5: Due to October 17, 2014.
Show all your calculations and explain all your answers
(6 points). Consider a country in which there are 2 sectors called Sector 1 and Sector 2. The
production functions and the marginal pr

Econ 3T03
Fall 2015
Home Assignment #5: Due to November 6, 2015.
Show all your calculations and explain all your answers
1. (6 points). Consider the following data, which applies to Avataria and Twilightia in the years
1990 and 2010. In both countries the

Econ 3T03
Fall 2015
Home Assignment #8: Due to November 27, 2015.
Cullinan before cut (replica)
Diamand found by Lucara
Show all your calculations and explain all your answers
1.(4 points). On November 19, 2015, a Canadian mining company Lucara announced

Econ 3T03
Fall 2015
Home Assignment #9: Due to December 4, 2015.
Show all your calculations and explain all your answers
1. (10 points.) Draw Lorenz curves for 2 income distributions. Can you say which distribution
is more unequal?
Income Distribution in

Econ 3T03
Fall 2015
Home Assignment #6: Due to November 13, 2015.
Show all your calculations and explain all your answers
(10 points). Consider a country in which there are 2 sectors called Sector 1 and Sector 2. The
production functions and the marginal

Econ 3T03
Fall 2015
Home Assignment #2: Due to October 2, 2015.
Show all your calculations and explain all your answers
1. (2 points). In Avataria one-forth of all females born die in infancy, and the rest of them live until
age 60. Women bear 1 child at

Econ 3T03
Fall 2015
Home Assignment #1: Due to September 25, 2015.
Show all your calculations and explain all your answers
1. (8 points) Consider 2 countries, Avataria and Twilightia, which can be described by the Solow
model. Avataria has a capital-labor

Econ 3T03
Fall 2015
Home Assignment #3: Due to October 9, 2015.
Show all your calculations and explain all your answers
1. (8 points) Consider 2 countries, Avataria and Twilightia, which can be described by the Solow
model. Both countries have the same pr

Econ 3T03
Fall 2015
Home Assignment #4: Due on October 20, 2015
Show all your calculations and explain all your answers
1. (10 points). In Avataria and Twilightia the main source of income is hunting. Avatarians and
Twilightians have an option to improve

Econ 3T03
Fall 2015
Home Assignment #7: Due to November 20, 2015.
Emperor Qin Shi Huang (259 B.C. 210 B.C.), the first Emperor of China.
Show all your calculations and explain all your answers
1. (4 points). Which of inefficiency described in Chapter 10 d

Midterm Exam Review
Format: Closed book exam, 50 minutes long
Questions:
Part 1 (20 points): 5 multiple choice questions (no explanation is needed), 4 points each
Part 2 (80 points): 4 questions (20 points each). Here explain all your answers and show
all