14.64:
Problem Set Three Solutions
Professor: Josh Angrist
TA: Amanda Pallais
December 1, 2009
Borjas, Problem 3-6
In this set-up, we need an instrument that changes labor demand. (As in the previous
chapter, we could also use an instrument that changes w
ECON 4300 Additional Midterm Practice Problems
Answer Key for Select Questions
1. List and explain the 5 axioms of urban economics.
Please refer to the lecture slides and book for the five axioms.
2. Factory Towns
Consider an economy with only two outputs
ECON 4300 Additional Midterm Practice Problems
1. List and explain the 5 axioms of urban economics.
2. Factory Towns
Consider an economy with only two outputs: bread and shirts. A self-sufficient worker can make
1 loaf of bread or 1 shirt per hour. A fact
g \ “I: Q *FL “Ag,
ECON4300 Assignment #5 4/9/15 1 T *— T‘ T‘ "
E w 2; A" 'z u :
O’Sullivan Chapters 14 & 15 2 E; :1 ‘3 ‘4; f;
‘a'
l. Picking a Quality Level 5; ‘1‘ cl ﬁr g“: 7:
Suppose dwelling quality is measured on a scale of l to 10, and thé‘iﬁonthly‘
Economics 4300 Economics of Cities (Urban Economics)
Spring 2015
Instructor:
Dr. Carlianne Patrick
Office: 14 Marietta Street (Andrew Young School of Policy Studies), Room 427
Office Hours: 2:30-3:30 pm Tuesday and Thursday, or by appointment
Email: cpatr
Chapter 2
Why Do Cities Exist?
1
Introduction-Questions to
Address
What set of assumptions will rule out cities?
Why do trading cities develop?
Why do factory cities develop?
Who benefits from innovations that generate
cities?
2
Backyard Production Mo
ECON 4300 Mid-term Study Guide
The mid-term will cover sections I-III of the course outline, which includes the Introduction to Urban
Economics, Market Forces in the Development of Cities, and Land Rent and Land Use Patterns. This
document outlines the co
Algebra 1
HS Mathematics
Unit: 09 Lesson: 01
Quadratic Functions PI
1. How do the graphs of f(x) = x + 9 and g(x) = x 10 relate to each other?
A. The graph of f(x) is 1 unit above the graph of g(x)
B. The graph of f(x) is 19 units above the graph of g(x)
Quiz For Lecture # 7
You are consultant for a pension fund. The pension fund is allocating money and
considers three institutional investors. The first is a stock investor, the second a long-term
government and corporate bond investor, the third is a mone
1
Discussion of traditional objections
In the real world people would get it right
Answer: there are many non-repeated interactions, where people dont
get it right such as
schooling, retirement, marriage, stock market bubble
In the aggregate mistakes wi
1
Shrouded attributes
Consider a bank that sells two kinds of services.
For price p a consumer can open an account.
b
If consumer violates minimum she pays fee p.
WLOG assume that the true cost to the bank is zero.
Consumer benets V from violating th
1
Rationality
Economic discourse: beliefs and actions are rational if they are internally consistent
Using this denition of rationality.
it is possible to be a rational cocaine addict
it is possible to rationally commit suicide
it is possible to rati
1
Midterm and Problem Sets
Problem Set 1: average score = 35/50, standard deviation = 9.9.
Grades will be increased by 10%.
Problem Set 2: given Thursday 2/26, due Thursday 3/4
Problem Set 3: given Thursday 3/11, due Tuesday 3/16.
Midterm: Thursday 3
Fall 2009 14.64:
Problem Set Four Solutions
Amanda Pallais
December 9, 2009
Borjas Question 7-2
(a) Indexing the minimum wage to ination would weakly decrease inequality. It
would pull up the wages at the very bottom of the distribution.
(b) Increasing th
Chapter 3
Why Do Firms Cluster?
1
Why do firms locate close to
one another?
Agglomeration economies:
Localization economies: firms in an
industry cluster
Urbanization economies: firms in different
industries cluster
Same underlying mechanisms drive
lo