Lecture 10: International banking
The sessions so far have focused on
banking in a domestic context. In this
lecture we are going to look at the issues
which arise from the internationalisation
of ban
Chapter Nineteen
Technology
Technology
A
technology is a process by which
inputs are converted to an output.
Examples?
Inputs and Outputs
Factors
of Production:
Land
Labor
Capital: physical, fina
Chapter Nineteen
Technology
Technology
A
technology is a process by which
inputs are converted to an output.
Examples?
Inputs and Outputs
Factors
of Production:
Land
Labor
Capital: physical, fina
Utility Maximization Problem:
Deriving Demand Functions
When
x1* > 0 and x2* > 0
and indifference curves are smooth
with diminishing MRS, the demand
functions are obtained by solving:
(a)
p1x1* + p2
ECN 2001
MICROECONOMICS I
SLUTSKY EQUATION
Class Discussion 6 (Ch. 7) - Answer Key
TRUE-FALSE
Two people are flying in a hot air balloon and they realize they are
lost. They see a man on the ground, s
Handout: Intermediate Microeconomics
November 2, 2016
Q1: The production function for widgets is:
Y K 0.5 L0.5
where Y is the total output per time period, K is the quantity of capital employed per ti
Home Assignment 1: Due on 17th October 2016 at the beginning time of the class
Intermediate Microeconomics
Q1:
A consumers utility function is:
Dr. Heman Lohano
(1 , 2 ) = 1 2
where 1 and 2 denote the
Review from Chapter Two
x2
m /p2
Budget Constraint for Two
Commodities
Budget constraint is
p1x1 + p2x2 = m
x2 = -(p1/p2)x1 + m/p2
so slope is -p1/p2
Budget
Set
m /p1
x1
x2
m /p2
Budget Constraint for
Handout 1
Dr. Heman Lohano
Q1) A consumer faces the budget line represented by the equation Y =150 X. The price of good Y is
Rs.10.
a. What is the consumers income?
b. Find the price of good X?
c. Dra
Key of 1st Term Examination
Intermediate Microeconomics
Dr. Heman Lohano
Q1:
(2 marks)
A consumer faces the budget line represented by the equation Y = 100 2X. The price of
good X is Rs.10.
(a) Find t
Handout: Intermediate Microeconomics
October 14, 2016
Dr. Heman Lohano
Q1:
The demand function for a product is given by: QD = 160 2P, where QD is quantity demanded
and P is the price. What is the pri
Intermediate Microeconomics
Handout
Dr. Heman Lohano
October 5, 2016
Q:
A consumer receives utility from consuming good X and good Y as given by the utility
function:
U (X, Y) = X Y
Price of good X is
Handout 6: Intermediate Microeconomics
Suppose there are two inputs (labor and capital) and one output.
Profit = TR TC
= p.y wL rK
Q:
A firm producing widgets has the following production function:
y
Handout: Intermediate Microeconomics
October 14, 2016
Dr. Heman Lohano
Q1:
The demand function for a product is given by: QD = 160 2P, where QD is quantity demanded
and P is the price. What is the pri
Solutions of Mathematical Economics Workouts
for Intermediate Microeconomics
October 28, 2014
1
Exercise 1.
Rb
Definition of Definite integral: a f (x) dx = F (b) F (a), where F (x) + C is
some functi
Handout: Intermediate Microeconomics
Refer to Varian book (Section 5.6: Choosing Taxes)
Q:
A consumer receives utility from consuming good X and good Y as given by the utility
function:
U ( X , Y ) XY
Institute of Business Administration, Karachi
ECO201: Intermediate Microeconomics
Fall Semester 2016
Course Instructor: Dr. Heman Das Lohano
Email: [email protected]
Office hours: Monday & Wednesday
Chapter Fifteen
Market Demand
From Individual to Market Demand Functions
Consumers
ordinary demand
function for a commodity is
= ( , ,)
A market contains n consumers,
denoted by i = 1, ,n.
When al
Intermediate Microeconomics
Handout 2
Dr. Heman Lohano
September 5, 2016
Q1:
A consumer receives utility from consuming good X and good Y as given by the utility
function:
U (X, Y) = X Y
The price of
Key of Quiz 1: Intermediate Microeconomics
Q1. If Sara spends all of her income on apples and oranges, she can afford 9 apples and 10
oranges per week. She could also use her entire budget to buy 3 ap
Key of Quiz 1: Intermediate Microeconomics
Q1. If Sara spends all of her income on apples and oranges, she can afford 9 apples and 10
oranges per week. She could also use her entire budget to buy 3 ap
Today.
Couple of more induction proofs.
Stable Marriage. Strengthening: need to.
Theorem: For all n 21,2721 712 g 2. (8, 2):?21 715.)
Base: P(1). 132.
Ind Step: 2L1 [la 3 2.
k+1 1
Zi=1 ,-2
k
=2i=1%+m-
Wasons experiment:1
Suppose we have four cards on a table:
> tst about Alice, 2nd about Bob, 3rd Charlie, 4th Donna.
> Card contains person's destination on one side,
and mode of travel.
> Consider th
Lecture 5: Graphs.
Graphs!
Euler
Definitions: model.
Fact!
Euler Againll
Planar graphs.
Euler Again! Konigsberg bridges problem.
Can you make a tour visiting each bridge exactly once?
"Konigsberg brid
Today
Review for Midterm. First there was logic.
A statement is a true or false.
Statements?
3 = 4 1 ? Statement!
3 = 5 ? Statement!
3 ? Not a statement!
n = 3 ? Not a statement.but a predicate.
Predi
Chapter # 1
Management concepts
Q.1: An important part of functions of managers involve decision-making activities according
to their status in the organisation hierarchy and their levels of authoriti