Economics 151A
Professor David Neumark
Problem Set 1Regression and Labor Demand - Solutions
Due Thursday, Oct 18
1. In the bivariate regression model Yi = + X i + i , the error term captures influences
on Y that are not included in the model.
a. What has
Econ 151A Stata Assignment 1 Write-up (Suggested Answers)
1. Retrieve detailed summary statistics of all variables. Briefly describe some characteristics of
the data. Do you observe evidence of outliers or data errors? Retrieve summary statistics by
state
Economics 151A
Professor David Neumark
Problem Set 1
Due Tuesday, October 16, in class
1. In the bivariate regression model Yi = + X i + i , the error term captures influences
on Y that are not included in the model.
a. What has to be true about the relat
Economics 151A
Professor David Neumark
Midterm Exam
Tuesday, February 9
Please place all materials on the sides of the room, away from your desks. You may not use any
materials or calculators for this exam. You will have 1 hour and 20 minutes to complete
Economics 151A
Professor David Neumark
Final Exam
Tuesday, November 6
Please place all materials on the sides of the room, away from your desks. You may not use any
materials or calculators for this exam. You will have 1 hour and 20 minutes to complete th
Economics 151A
Professor David Neumark
Midterm Exam
Tuesday, February 14
Please place all materials on the floor, away from your desk. You may not use any materials or
calculators for this exam. You will have 1 hour and 20 minutes to complete the exam. Pl
Economics 151A
Professor David Neumark
Problem Set 2
Due Tuesday, October 30
1. Suppose an individual's utility function over income (M) and leisure (L) is U(M,L)=M +
2L.
a. Graph a few indifference curves.
b. Suppose that non-labor income is Y = 0, and t
Economics 151A
Professor David Neumark
Problem Set 2 - Solutions
1. Suppose an individual's utility function over income (M) and leisure (L) is U(M,L)=M + 2L.
a. Graph a few indifference curves.
Answer:
The solid lines in each graph below are indifference
Economics 151A
Professor David Neumark
Problem Set 3
Due Tuesday, November 20
1. The aggregate demand for labor curve is Ld = a + b w , where w is the wage and a
> 0 and b < 0. The aggregate labor supply curve by Ls = c + d w , where c > 0, d >
0, and a >
Economics 151A
Professor David Neumark
Final Exam
Tuesday, February 14
Please place all materials on the sides of the room, away from your desks. You may not use any
materials or calculators for this exam. You will have 1 hour and 20 minutes to complete t
Economics 151A
Professor David Neumark
Final Exam
Monday, June 6
Please place all materials on the sides of the room, away from your desks. You may not use any
materials or calculators for this exam. You will have 1 hour and 20 minutes to complete the
exa