UC Irvine
Department of Economics
210A: Microeconomic Theory I
Fall 2011
Stergios Skaperdas
Office: SSPA 3123
Phone: 824-4167
Email: sskaperd@uci.edu
Secretary: Edna Mejia (SSPB 3289, 824-7137)
Office Hours: Mondays 11-12, 2:30-3:30, or by appointment.
Th
Department of Economics
University of California, Irvine
210A - Microeconomic Theory I
Fall 2011
Sample Midterm Exam questions
(An exam usually consists of three questions like those below)
1. Consider a production function f (x1 ; x2 ), whereby output is
Econ 210A Fall 2011
Assignment #6
Due date: Monday, November 21
1. Ex. 13.8, p.232 in Varian.
2. Suppose Robinson (R) and Xena (X ) are isolated on an island. There are two nal
goods, coconuts and sh. R has one unit of sh as endowment and X has one unit o
Econ 210A
Fall 2011
Assignment #5
Due date: Monday, November 14
1. Mom has only one (indivisible) piece of candy and has to decide whether to give it to
her daughter Angie or to her son Benjie. Like all impartial moms she is indierent
between giving it to
Econ 210A
Fall 2011
Assignment #4
Due date: Wednesday, November 2
1. Consider a consumer with a continuous, strictly quasi-concave utility function. Show
that the Marshallian demand functions are single-valued.
2. Consider the consumer utility maximizatio
Economics 210A
Fall 2010
Assignment #3
Due: Wednesday, Oct. 19.
1. Ex. 5.C.6, parts (a) and (b), in MWG, p. 161.
2. Ex. 5.C.10 in MWG, p. 162
3. Ex. 4.3 in Varian, p.63
4. Ex. 4.4 in Varian, p.63
5. Ex. 5.2 in Varian, p.77.
6. Ex. 5.11 in Varian, p. 78
7.
Economics 210A
Fall 2011
Assignment #2
Due: Monday, Oct. 10.
1. Show that the CES production function exhibits constant returns to scale.
2. Consider the neoclassical rm problem:
s
M axx pf (x)
n
X
wi xi where x = (x1 ; x2 ; :; xn )
i=1
Totally dierentiat
UC Irvine
Microeconomic Theory I - 210A
Fall 2011
Assignment #1 (Due: October 3)
Please read Milton Friedmans "The Methodology of Positive Economics." Write a summary of
of his argument (no more than one page). Formulate one or more questions that you hav
Econ 210A
Sample questions for nal
(Please note that these questions are mainly from the second part of the
course. Questions from the rst part of the course can be found in the sample
midterm questions.)
1. Derive the Marshallian demands, Hicksian demand