ECON 9010: Microeconomics
Lecture 1) Consumer Theory
I) Utility Theory and Utilitarian Philosophy
-takes place in a time when the social sciences have not yet been differentiated, psychology
and econo
Department of Urban Studies and Planning
11.203 Microeconomics
Frank Levy
October 29, 2010
Review Problems for the Second Midterm Answers Follow
1) Over the last 30 years, the labor market for high sc
Econ 9010
Homework II
2016
1. In class we drew an "indirect indifference curve" in p1-p2 space and made a graphical
argument for why the indirect utility function is quasiconvex in p. Draw a similar d
Econ 9010
Homework 3
2016
1. A "cost of living index" (COLI) is the proportionate change in income needed to maintain
welfare after prices change at some level of utility ut, i.e. e(p1, ut)/e(p0, ut).
Econ 9010
Homework 4
2016
1. Suppose a consumer prefers living with any income greater than zero to dying.
i) Show that the continuity axiom implies that the certainty of any finite loss of income is
Econ 9010
Homework 5
2016
1. Consider a large number of firms that all operate with the following production function over
inputs l, k, and F:
,
=
0
<
,
where A, , and > 0 and + < 1. Here, l is labor
Department of Economics
Microeconomics Doctoral Comprehensive Exam
Andrew Young School of Policy Studies
Summer 2010
General Instructions: You have FIVE (5) hours to complete this exam consisting of
t
Department of Economics
Microeconomics Doctoral Comprehensive Exam
Andrew Young School of Policy Studies
Winter 2010
General Instructions: You have FIVE (5) hours to complete this exam consisting of
t
Department of Economics
Microeconomics Doctoral Comprehensive Exam
Andrew Young School of Policy Studies
Winter 2010
General Instructions: You have FIVE (5) hours to complete this exam consisting of
t
Department of Economics
Microeconomics Doctoral Comprehensive Exam
Andrew Young School of Policy Studies
Summer 2009
General Instructions: You have FIVE (5) hours to complete this exam consisting of
t
Econ 9010
Homework I
2016
1. Answer each of the following true/false and justify your answer.
i) If S N is a convex set and f: S is a strictly quasi-concave function, then there is at
most one value x
Economics 9010.
Fall 2016
Exam I. There are 4 questions worth 25 points each.
Name_
GSU Honor Code:
As members of the academic community, students are expected to recognize and uphold
standards of int
Economics 9010.
Fall 2016
Exam II. There are 4 questions worth 25 points each.
Name_Answers_
GSU Honor Code:
As members of the academic community, students are expected to recognize and uphold
standar
Practice Multiple Choice Questions
Answers are bolded. Explanations to come soon!
For more, please visit: http:/courses.missouristate.edu/reedolsen/courses/eco165/qeq.htm
Market Equilibrium and Applic
Department of Urban Studies and Planning
11.203 Microeconomics
Frank Levy
Fall, 2010
First Midterm Answer Sheet
NOTE: There are often several correct ways to answer these questions. Creative, correct
Critiques of Expected Utility
Theory
14.123 Microeconomic Theory III
Muhamet Yildiz
Allais Paradox
Choose A or B, then C or D.
(A) Win $1 million for sure.
(B) Win $5M with 10% chance, $1M with 89%,
n
Chapter 5
Stochastic Dominance
In this lecture, I will introduce notions of stochastic dominance that allow one to determine the preference of an expected utility maximizer between some lotteries with
Chapter 4
Attitudes Towards Risk
In the previous lecture, we explored the implications of expected utility maximization.
In this lecture, considering the lotteries over money, I will introduce the bas
Chapter 6
Alternatives to Expected Utility
Theory
In this lecture, I describe some well-known experimental evidence against the expected
utility theory and the alternative theories developed in order
Final Exam '4 Name Ell/LC Wag . ,
Econ 2106
Prof. Banzhaf
Fall 2010
The exam has four sections worth a total of 170 points. You have 120 minutes to complete the
exam. Good luck!
GSU Honor Code:
As mem
Economics 9010.
Fall 2015
Exam I. There are 4 questions worth 25 points each.
Name_
GSU Honor Code:
As members of the academic community, students are expected to recognize and uphold
standards of int
Economics 9010.
Fall 2015
Exam 2. There are 4 questions worth 25 points each.
Name_
GSU Honor Code:
As members of the academic community, students are expected to recognize and uphold
standards of int
Economics 9010.
Fall 2015
Final Exam.
There are 6 questions worth 20 points each.
Name_
1. Let u = iiln(xi-i), with ii=1 and i>0 i. Given the usual budget constraint, solve for xi
as a function of pri
Economics 9010.
Fall 2016
Final Exam.
There are 6 questions worth 20 points each.
Name_
1. A consumer has an income of $100 and purchases three goods with prices normalized to
p=(1,1,1). You observe x