Hanad Said Abdullahi
1. The deadline for submitting this Coursework is 22 January, 2016.
2. Type your answers on the coursework MS Word file, save the Word file, print it out, and
submit your printed Coursework at the time of
Consumption Theory and Decisions under Uncertainty
Revision Exercises for Midterm 1
Module Leader: Ericka G. Rascon-Ramirez
ECS2230: Intermediate Microeconomics
These exercises do not substitute lecture notes and seminar exercises, however, it will help
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TABLE OF CONTENT
Date of Publication :
Link to the Article :
BBC World News
7 September 2015
Key Quotes from the Article :
EU agriculture ministers have announced a 500m (365m) aid package after thousands of
Because we wanted to have information regarding their products in general, we first asked them
what were the most popular items at Bagl. The seller told us he could only give us approximate
ECON 101 Tutorial: Week 22
Office Hours: Monday 3:00-4:00 LUMS C85
Chapter 25: Problem 1
About 400 years ago, Lenape Native Americans sold
the island of Manhattan for $24. If they had inv
Topic 2. Measuring the cost of living
Question 1. Assume that the price of a bottle of wine in 1990 was 3.50 and in 2012 it
is 8.50. Further assume that the price index in 1990 was 95 and in 2012 was 160. Was
wine cheaper in
Topic 1. The Data of Macroeconomics. Measuring a Nations Income
Question 1. What components of GDP (if any) would each of the following transactions affect?
A family buys a new refrigerator.
ECS1210 Practice 2
Indicate whether the statement is true or false.
_ 1. If your wage rises from 500 per week to 625 per week while the Consumer
Prices Index (CPI) rises from 112 to 121, you should feel an increase in your
standard of living.
_ 2. If the
1. Which contributes more to GDP the production of 1 of tin or
the production of 1 of gold? Why?
2. Which contributes more to GDP the production of an
economy car or the production of a luxury car? Why?
3. A farmer sells wheat t
Staff and Communication
Lecturer: Daryna Grechyna
during teaching weeks
W212, Williams Building