Economics 1011a: Microeconomic Theory
Midterm
October 20, 2015
Instructions
1. The exam is closed book. No calculators are allowed.
2. Use a di erent blue book for each of the three sections of this exam.
3. You may begin at 11:37 am. You must nish by 1:0
Economics 1011a. Microeconomic Theory. Fall 2015
Modeling Project III
Due on Thursday, December 3 at 11:40 am
Guidelines to Modeling Project III
For this modeling project, you may discuss with your classmates but you
have to complete by yourself independ
Economics 1011a. Microeconomic Theory. Fall 2015
Modeling Project I
Due on Tuesday, October 20 at 11:40 am
Guidelines to Modeling Project I
Work in groups of four. You may work in groups of three, but we encourage you to
work in a foursome to maximize th
Economics 1011a. Microeconomic Theory. Fall 2015
Modeling Project II
Due on Thursday, November 12 at 11:40 am
Guidelines to Modeling Project II
Work in groups of two. The names of both collaborators should be clearly stated on the
title page of the paper
Economics 1011a. Microeconomic Theory. Fall 2015
Suggested Answers to Problem Set 6
True/False/Uncertain
Remember that what matters is that you justify your answers.
The risk aversion can explain the Ellsberg Paradox.
Answer: False. Risk aversion is the c
Economics 1011a. Microeconomic Theory. Fall 2015
Problem Set 7 Solutions
True/False/Uncertain
This statement is uncertain or false. If Robert can bargain with Charlie and has larger bargaining power,
he may work hard. According to Coase Theorem, the Paret
Economics 1011a. Microeconomic Theory. Fall 2015
Problem Set 8 Suggested Answers
Due at the beginning of class (11:40 am sharp) on Thursday, November 20
You are strongly encouraged to type your submission.
True/False/Uncertain
Remember that what matters i