Econ2070
Semester 1, 2016
Tutorial #9
1. Consider in turn, battle of the sexes, matching pennies, the game of chicken, and the
prisoner's dilemma games. Suppose that player 1 moves first and then player 2 moves
with perfect information.
(a) Write down eac

Semester One Final Examinations, 2014
ECON2070 Introduction to Strategic Thinking
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School of Economics
EXAMINATION
SAMPLE Exam from Last year (Answers

Semester One Mid-Semester Examinations, 2016
This exam paper must not be removed from the venue
ECON2070 Strategic Thinking
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EXAMINATION Answers
Semester

ECON2010 MICROECONOMIC THEORY
TUTORIAL EXERCISE 4
PRISCILLA MAN
This exercise is due on Tuesday, 26th April, 2016 at 9am. (Please note that the deadline
is different from the usual one due to the ANZAC Day public holiday.) Completion of
this tutorial exer

ECON 2010 Microeconomic Theory
Lecture 3: Utility Maximisation
Priscilla Man
University of Queensland
Semester 1, 2016
Priscilla Man (University of Queensland)
ECON2010
Semester 1, 2016
1 / 42
Introduction
Last Week. . .
I
Indifference Curves contours of

Econ2070 Tutorial 2
Semester 1, 2016
Express each of the following as a game. This means specifying the players,
strategies and payoffs. Sometimes you have some freedom about expressing the
payoffs. Make it clear how you come to your payoff specificat

Econ2070 Semester 1, 2016
Tutorial #8
1. Suppose that John is an expected utility maximizer with the utility function
where x is money. He has a total amount of money equal to
$1,000. He is considering a risky prospect that costs $100 and will pay $200
w

Tutorial #1 Econ2070/7070
Semester 1 2016
Solutions
1. If a set X=cfw_1,2,3 and Y=cfw_2,3,4,5, then what is the Cartesian Product of X and Y?
How many elements are in the set?
Answer: The Cartesian Product of X and Y is cfw_(1,2),(1,3),(1,4),.(3,2),(3,3),

ECON 2010 MICROECONOMIC THEORY
MATHEMATICS REVIEW
PRISCILLA MAN
This is a review of some basic mathematical concepts. If you want a more comprehensive review, the following textbook is a very good self-help guide on mathematics for
economics:
Jacques, Ian

ECON 2010 Microeconomic Theory
Lecture 6: Endowments
Priscilla Man
University of Queensland
Semester 1, 2016
Priscilla Man (UQ)
ECON2010
Semester 1, 2016
1 / 48
Endowments
Where does income come from?
I
I
So far we always specify an income M for the consu

ECON 2010 Microeconomic Theory
Lecture 13: Review
Priscilla Man
University of Queensland
Semester 1, 2016
Priscilla Man (UQ)
ECON2010
Semester 1, 2016
1 / 38
Plan for Today
1. Optimal Risk Sharing
2. Course Evaluation
3. Summary for Final Exam
Priscilla M

ECON 2010 Microeconomic Theory
Lecture 1: Preference and Utility
Priscilla Man
University of Queensland
Semester 1, 2016
What is this course about?
I
ECON1010 has introduced you to the basic elements of
microeconomics
I
But have you wondered where do thos

ECON 2010 Microeconomic Theory
Lecture 1: Preference and Utility
Priscilla Man
University of Queensland
Semester 1, 2016
What is this course about?
I
ECON1010 has introduced you to the basic elements of
microeconomics
I
But have you wondered where do thos

ECON 2070/7070
MATHEMATICS REVIEW EXERCISE
PRISCILLA MAN
This is an optional exercise. There is no need to turn it in. However, I strongly
encourage you to try this exercise out if
you feel that your mathematical technique is a bit rusty;
you have maths

ECON 2010 Microeconomic Theory
Lecture 5: Welfare
Priscilla Man
University of Queensland
Semester 1, 2016
Priscilla Man (UQ)
ECON2010
Semester 1, 2016
1 / 30
Welfare Measures
Before the Mid-Semester Break
I
How changes in income and prices affect quantity

3300112070~
- Semester 1, 2016
Tutorial #9
1. Consider in turn, battle of the sexes, matching pennies, the game of chicken, and the
prisoners dilemma games. Suppose that player 1 moves first and then player 2
' moves with perfect information. _ i
(a) Writ

Semester One Final Examinations, 2015
ECON
This exam paper must not be removed from the venue
Venue
_
Seat Number
_
Student Number
|_|_|_|_|_|_|_|_|
Family Name
_
First Name
_
School of Economics
EXAMINATION
Semester One Final Examinations, 2015
ECON 2070

Econ2070
Semester 1, 2016
Tutorial #5
1. Consider the partnership game where:
,
6 2
,
6 2
2
2
0.5
0.5
3
The effort level of the player with utility u is x and the effort level of the player with utility v
is y. Each can choose any effort level in [0,1

Econ2070
Semester 1, 2016
Tutorial #10 (Answers)
1. . In the lecture we considered sequential movement of two firms competing in
quantities. We saw that the business who chooses quantity first is able to raise output
and generate a higher profit than the

Tutorial #1 Econ2070/7070
Semester 1 2016
1. If a set X=cfw_1,2,3 and Y=cfw_2,3,4,5, then what is the Cartesian Product of X and Y?
How many elements are in the set?
2. Suppose that X=[0,4] and Y=[1,2]. Draw the Cartesian Product of X and Y. How
many elem

Semester One Final Examinations, 2014
ECON2070 Introduction to Strategic Thinking
Venue
_
Seat Number
_
Student Number
|_|_|_|_|_|_|_|_|
This exam paper must not be removed from the venue
School of Economics
EXAMINATION
SAMPLE Exam from Last year
Semester

Tutorial #4 Econ2070
Semester 1 2016
1. Payoffs for two partners are expressed as:
U1(e1,e2) = 2e1 + 2e2 + 0.5e1e2 - 0.5(e1)2
U2(e1,e2) = 2e1 + e2 + 0.5e1e2 - 0.5(e2)2
where e1 and e2 are the effort levels of partner 1 and 2 respectively. Find a Nash equi

Econ2070 Semester 1, 2016
Tutorial #8 (Solutions)
1. Suppose that John is an expected utility maximizer with the utility function
where x is money. He has a total amount of money equal to
$1,000. He is considering a risky prospect that costs $100 and wil