EC 351
Problem Set 1
Question 1
Consider an economy in which two p eople, Dinah Mo jo and Dynamo Joe,
exchange two goods, ale and bread. Let p be the price of ale measured in
bread.
a) Dinahs utility function is
UD = (aD )
1/2
+ bD
where aD and bD are her
Boazii University | Department of Economics
Econ 411.01 | History of Economic Thought
The Age of Merchant Capital:
Economic thought in the
service of the state and the
Emergent Commercial
Bourgeoisie
1
Boazii University | Department of Economics
Econ 411.
Boazii University | Department of Economics
Econ 411.01 | History of Economic Thought
The Ancient Greece & why
Aristotle can cause problems
for contemporary economists?
1
Boazii University | Department of Economics
Econ 411.01 | History of Economic Though
Boazii University | Department of Economics
Econ 411.01 | History of Economic Thought
Maintaining the Social
Organism: Religion and
Economic Thought
From Aristotle to Scholastic
Thought via Andalusia
1
Boazii University | Department of Economics
Econ 411.
Boazii University | Department of Economics
Econ 411.02 | History of Economic Thought
British path to capitalism:
The rise of Individualism against
Mercantilism, or how economic
thought discovered social classes
Boazii University | Department of Economics
D N gap per unit and a subsidy per unit policy? (3)
l A competitive industry is composed of many small companiespiirgcgpcinlg) 1:2:
. . (kursun) for car batteries. The industrys demand function is Qd ~ r d the
the supply function is Qs : 4P 80 (where P
H uman E cology, Vol. 18, N o. 1, 1990
T he T ragedy o f the C ommons:
T wenty-Two Y ears L ater
D a v i d F eeny,1 F ikret B erkes, 2 B o n n i e J . M c C a y , 3 a nd J a m e s M . A c h e s o n 4
H ardin's T ragedy o f t he C o m m o n s m odel p redi
Problem Set 2
Question 1
There are two rms in an economy: Firm 1 and Firm 2. Firm 1's production
function is y1 = l, where l is labor. (ie. Firm 1 produces Good 1 using labor
as the input). Firm 2's production function is y2 = l. (ie. Firm 2 produces
Good
Consider a project that costs $100.000 and yields a return of $30.000 for five
years. At the end of the fifth year, there is a cost of $20.000 to dispose of the
waste from the project. Should the project be undertaken if the discount rate is
0? 10 percent
2.
The seven members of a spelunking want to choose one member to go first in exploring a
dangerous cave. There are four volunteers.: Abelard, Bobo, Cecelia and Duncan. The votes of
the club members are summarized in the table below.
volunteer preferences
This article was downloaded by: [Madra, Yahya Mete]
On: 21 October 2010
Access details: Access Details: [subscription number 924168647]
Publisher Routledge
Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer
2. Understanding Neoliberalism as Economization: The Case of the Ecology
Fikret Adaman and Yahya M. Madra
In the aftermath of the 2008 financial crisis, governments and international finance
organizations began to call for and take regulatory measures in
This article was downloaded by: [Bogazici University]
On: 17 September 2013, At: 00:48
Publisher: Routledge
Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered
office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK
Chapter 4
Continuous Variables and Their
Probability Distributions
1
Not all random variables of interest are discrete
random variables.
The number of days that it rains in a period of n days is
a discrete random variable because the number of days
must
Boazii University
Fall 2013
EC 233
Mathematical
Statistics 1
Instructor: Gzin Glsn Akn
Office: NB 203
Office hours: FF 23
Check out the class webpage.
You can download the syllabus
and hence all the information
presented here from there. Go
to www.econ.bo
Chapter 5
Multivariate Probability
Distributions
1
The intersection of two or more events is
frequently of interest. Most important to
statisticians are intersections that occur in the
course of sampling.
A specific set of outcomes, or sample
measuremen
EC 234 PS 1 (Beginning-2.8)
2.32) Patients arriving at a hospital outpatient clinic can select one of three stations for service. Suppose
that physicians are assigned randomly to the stations and that the patients therefore have no station
preference. Thr
Chapter 2.5
Calculating the Probability of an Event:
The Sample Point Method
1
The Sample Point Method
For one to be able to use the following
method, the sample space should contain a
finite or denumerable (countably infinite) set
of sample points.
2
1.
SOME FORMULAE
N
n
s2
(yi y) 2
2
i 1
n -1
(y
i 1
i
) 2
N
n
p( y) p y (1 p) ( n y ) for y 0,1,2,., n E (Y ) np, var(Y ) np(1 p), 0 p 1, m(t ) 1 p e t 1
y
p( y) p(1 p) ( y1) for y 1,2,. E(Y ) 1/ p, var(Y ) (1 p) / p 2 , 0 p 1, m(t ) pet / 1 (1 p)et
r