Statistics Midterm
When calculating variance, make sure to subtract the mean and square each number then
divide by n - 1.
IQR is Q3 - Q1 To find outliers, multiply IQR by 1.5 and calculated Q1 - ans and Q3 + ans.
Anything below or above those numbers are
Chapter 10
Externalities
10
EXTERNALITIES
Problems and Applications
1. The Club conveys a negative externality on other car owners because car thieves will not
attempt to steal a car with The Club visibly in place. This means that they will move on
to ano
16
stic Competition
MONOPOLISTIC
COMPETITION
Problems and Applications
1. a. Tap water is a perfectly competitive market because there are many taps and the
product does not differ across sellers.
b. Bottled water is a monopolistically competitive market.
CEE101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2012
Lecture 5
CEE 101S/201S
Lecture 5
TOPICS and READING ASSIGNMENTS:
Function via M-files
Function handles and anonymous functions
Old methods inline functions and feval we
wont di
Chapter 8: Application: The Costs of Taxation
I.
The Efficiency Effects of a Tax
II.
Determinants of the Deadweight Loss
1.
Size of the Tax
2.
Elasticity
III.
How Big Should the Government Be?
IV.
The Effects of Changing the Size of the Tax
3.
DWL and the
Chapter 9: Application: International Trade
I.
Comparative Advantage and The World Price
II.
The Small Economy Assumption
III.
Analysis of trade: Effects of An Exporting Country
IV.
Analysis of trade: Effects of An Importing Country
V.
Summary: The Welfar
Chapter 8
of Taxation
8
APPLICATION:THECOSTSOF
TAXATION
Problems and Applications
1. a. Figure 3 illustrates the market for pizza. The equilibrium price is P1, the equilibrium
quantity is Q1, consumer surplus is area A + B + C, and producer surplus is are
CEE 101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 15
1
CEE 101S/201S
Lecture 15
More on solving ODEs
Review and continuation of solving IVPs in
Matlab
Example: The spring vibration problem
Formulation and solution in Ma
ProblemsandApplications
1. a. In Figure 3, with no international trade the equilibrium price is P1 and the equilibrium
quantity is Q1. Consumer surplus is area A and producer surplus is area B + C, so
total surplus is A + B + C.
Figure 3
b. When the Mexic
r 11
11
PUBLICGOODSAND
COMMONRESOURCES
Problems and Applications
1. a. (1) Police protection is a club good because it is excludable (the police may ignore
some neighborhoods) and not rival in consumption. You could make an argument
that police protection
12
THEDESIGNOFTHETAX
SYSTEM
Problems and Applications
1. The federal government had a budget deficit in 2010. Policymakers expect budget
deficits over the next decade.
2. a. The increase in revenue of the total government is attributable more to increases
13
THECOSTSOFPRODUCTION
Problems and Applications
1. a. opportunity cost; b. average total cost; c. fixed cost; d. variable cost; e. total cost; f.
marginal cost.
2. a. The opportunity cost of something is what must be given up to acquire it.
b. The oppor
Chapter 7: Consumers, Producers, and Efficiency of Markets
I.
Welfare Economics
II.
Consumer Surplus
III.
Producer Surplus
IV.
Total Surplus
V.
The Markets Allocation of Resources
VI.
Efficiency
VII.
Evaluating the Market Equilibrium
VIII.
Adam Smith and
w
2
THINKINGLIKEANECONOMIST
Problems and Applications
1. See Figure 5; the four transactions are shown.
Figure 5
1
2Chapter2/ThinkingLikeanEconomist
2. a. Figure 6 shows a production possibilities frontier between guns and butter. It is bowed
out because
CEE101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 6
CEE 101S/201S
Lecture 6
More on Anonymous functions
More on defining and using functions
In-class exercise
Using eval (Sec. 9.3)
For self study: Using ASCII files (Y
3
INTERDEPENDENCEANDTHE
GAINSFROMTRADE
Problems and Applications
1. a. See Figure 2. If Maria spends all 5 hours studying economics, she can read 100
pages, so that is the vertical intercept of the production possibilities frontier. If she
spends all 5 ho
CEE101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 7
CEE 101S/201S
LAST TIME
Functions
Via m-file
Anonymous function at command line
Function handles (ease readability)
TODAY and Thursday
More on functions
Organizing
4
THEMARKETFORCESOF
SUPPLYANDDEMAND
Problems and Applications
1. a. Cold weather damages the orange crop, reducing the supply of oranges and
raising the price of oranges. This leads to a decline in the supply of orange juice
because oranges are an importa
CEE101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 9
CEE 101S/201S
Lecture 9: Visualization
Introduction to plotting 3-D graphs (Chapter 26)
Plot a line in 3-D space, using plot3
Plot a surface in 3-D space, h=f(x,y), us
5
ELASTICITYANDITS
APPLICATION
Problems and Applications
1. a. Mystery novels have more elastic demand than required textbooks, because mystery
novels have close substitutes and are a luxury good, while required textbooks are a
necessity with no close sub
7/18/13
Image Processing with
MATLAB
CEE 101S/201S
Summer 2013
Tracy Mandel
Todays plan
Working with images
Reading, showing, wriEng
Grayscale + color (RGB)
Specic examples:
Edge detecEon and cell counEng
6
SUPPLY,DEMAND,AND
GOVERNMENTPOLICIES
Problems and Applications
1. If the price ceiling of $40 per ticket is below the equilibrium price, then quantity demanded
exceeds quantity supplied, so there will be a shortage of tickets. The policy decreases the
n
CEE101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 11
CEE 101S/201S
Lecture 11
More Array Manipulation (Chapter 5 Please go
through it!)
Matrix (or Linear) Algebra (Chapter 16)
1
CEE 101S/201S
Some useful info on the web
CEE 101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 12
CEE 101S/201S
Lecture 12
Differentiation and Integration (Chapter 23). To
compute:
Rates of change
Lengths, areas, and volumes
We will focus on
diff for computing
14
FIRMSIN
COMPETITIVEMARKETS
Problems and Applications
1. a. As shown in Figure 3, the typical firm's initial marginal-cost curve is MC1 and its
average-total-cost curve is ATC1. In the initial equilibrium, the market supply curve,
S1, intersects the dem
21
THETHEORYOF
CONSUMERCHOICE
Problems and Applications
1. a. Figure 10 shows the effect of the frost on Jennifer's budget constraint. Because the
price of coffee rises, her budget constraint swivels from BC1 to BC2.
b. If the substitution effect outweigh
Chapter 10: Externalities
I.
What is an Externality?
II.
Efficiency Effects of Externalities-Why Externalities Make
Market Outcomes Inefficient
1.
2.
III.
Public Policies Toward Externalities
1.
2.
IV.
Negative Externalities
Positive Externalities
Command