ECON104A: Intermediate Microeconomic Theory
Assignment #1
Due: Thursday, October 1, 2015
(Please write down your Name, Student ID, and Discussion Section number when you turn in the
assignment)
Question 1
1. Define the terms Budget Set and Budget line. Wh
Mathematical Preliminaries Econ 104B
The Mathematics of Optimization
Economic theories assume that an economic agent is seeking to find the optimal value of some function
consumers seek to maximize utility firms seek to maximize profit
This section int
Econ 104B
Labor Markets
Allocation of Time
Individuals must decide how to allocate the fixed amount of time they have We will initially assume that there are only two uses of an individuals time
engaging in market work at a real hourly wage rate of w le
Econ 104B
Capital Markets and Time
Capital
The capital stock of an economy is the sum total of machines, buildings, and other reproducible resources in existence at a point in time
represent some part of the economys past output that was set aside for f
Econ 104B
Choice Under Uncertainty
Mathematical Statistics
A random variable is a variable that records, in numerical form, the possible outcomes from some random event The probability density function (PDF) shows the probabilities associated with the po
Econ 102B
Game Theory
Basic Concepts
In a strategic setting, a person may not always have an obvious choice of what is best
may depend on the actions of another person
Basic Concepts
Two basic tasks when using game theory to analyze an economic situati
Econ105A
Dongwon Lee
Econ105A Intermediate Macroeconomic Theory
Problem Set #3
th
Due: October 26 , 2015 (1:05pm)
Instructions: Please provide complete answers to the following questions. Note that it is
plagiarism if your answers look remarkably similar
Econ105A
Dongwon Lee
Econ105A Intermediate Macroeconomic Theory
Problem Set #2
th
Due: October 19 , 2015 (1:05pm)
Instructions: Please provide complete answers to the following questions. You must submit
your solutions by 1:05pm on Monday, October 19th. N