Intermediate Microeconomics
Problem Set #4
1. Consider a water heater manufacturing company. The number of water heaters manufactured per
day, q , is a function of the number of workers per day, L, and the number of square feet of sheet metal
per day, S .
Datos de Conteo
Regresin de Poisson
TEMA 5. Modelos para Datos de Conteo
Profesor: Pedro Albarrn Prez
Universidad de Alicante. Curso 2010/2011.
Extensiones
Datos de Conteo
Contenido
1
Datos de Conteo
2
Regresin de Poisson
3
Extensiones
Regresin de Poisson
Advanced Macroeconomics I
Lecture 2 (3)
Zhe Li
SUFE
Spring 2011
(SUFE)
Advanced Macro
Spring 2011
1 / 23
Motivate dynamic programming
The sequencial approach is to look for a
sequence of real numbers fkt +1 gt =0 that
generates an optimal consumption plan
Advanced Macroeconomics I
Lecture 1 (1)
Zhe Li
SUFE
Spring 2011
(SUFE)
Advanced Macro
Spring 2011
1 / 11
Introduction
What is Macroeconomics?
It is the study of aggregate production, consumption, investment and
prices in large economic systems comprised o
Advanced Macroeconomics I
Lecture 2 (1)
Zhe Li
SUFE
Spring 2011
(SUFE)
Advanced Macro
Spring 2011
1 / 23
Dynamic optimization
two common approaches to modelling real-life individuals:
they live a nite number of periods
they live forever
two alternative wa
Advanced Macroeconomics I
Lecture 3 (2)
Zhe Li
SUFE
Spring 2011
(SUFE)
Advanced Macro
Spring 2011
1 / 31
Linear rule
The accumulation path will spend innite
time arbitrarily close to the steady state
In a very small region a continuous function
can be arb
Advanced Macroeconomics I
Lecture 4 (2)
Zhe Li
SUFE
Spring 2011
(SUFE)
Advanced Macro
Spring 2011
1 / 28
Neoclassical growth model with
sequential trade
The following are the prices involved in this
market structure:
Price of capital services at t : Rt
Rt
EconS 501
Felix Munoz
Fall 2013
Exercises Recitation #3
Exercise 1. Find the demanded bundle for a consumer whose utility function is u(x1,x2)= x13/2x2 and her
budget constraint is 3x1+4x2=100.
Solution. Making a log transformation of the utility function
Universidad del Pac
co - Escuela de Postgrado
Macroeconom Avanzada I - 2013
a
Profesor: Juan Mendoza.
Respuestas a la Prctica Dirigida 2 (31-Ago)
a
1. La persona B tiene mayor utilidad a lo largo de su vida. Evidentemente, la persona B podr escoger el mis
Datos Econmicos
Anlisis Bsico de los Datos
Relacin entre Variables
Modelo de Regresin Lineal
TEMA 1. Introduccin al anlisis emprico de
variables econmicas.
Profesor: Pedro Albarrn Prez
Universidad de Alicante. Curso 2010/2011.
Datos Econmicos
Anlisis Bsic
Introduccin
Efectos de Tratamiento
Relacin con Regresin
Diseos Cuasi-Experimentales
Variables Instrumentales
TEMA 2. Anlisis de Causalidad y Evaluacin de
Polticas Pblicas.
Profesor: Pedro Albarrn Prez
Universidad de Alicante. Curso 2010/2011.
Introduccin
Advanced Microeconomics FS 10
General Equilibrium
Solutions to Tutorial 2: General Equilibrium
Exercise 1 [Barter economy]
a) Consumer A:
The Lagrangian of consumer A is
L = x1/2 x1/2 ( pxA1 + xA2 peA1 eA2 ) .
A1 A2
First order conditions:
L
1
: 0.5 x1/2
ECO556
Microeconomics
Solutions: Producer Theory
1. (a) f (z ) = 2 z1 + z2 . The inputs are perfect substitutes, and the function has nonincreasing returns to scale. Let (p, w1 , w2 ) be a price vector. Since it the inputs are
perfect substitutes, it is a
Intermediate Microeconomics
Problem Set #6
1. Consider the following exchange economy with two consumers and two goods, x and y . Consumer
1 initially has 1 unit of x and no units of y so her initial endowment is (ex , ey ) = (1, 0). Consumer
1
3
4
4
1s p
266
COST CURVES
(Ch. 21)
Chapter 21
NAME
Cost Curves
Introduction. Here you continue to work on cost functions. Total cost
can be divided into fixed cost, the part that doesn't change as output changes, and variable cost. To get the average (total) cost,
QED Microeconomics I. Problem Set V.
Solutions.
10 December 2006
1. Consider an economy in which consumers have utility functions u1 (x11 ; x21 ) =
(x11 )1=3 (x21 )2=3 and u2 (x12 ; x22 ) = ax12 + x22 with a > 1 ; respectively: Initial
2
endowments are !
Introduccin
Modelos estticos
Estimacin. Prediccin
Paneles largos
Variables instrumentales
TEMA 6. Modelos para Datos de Panel
Profesor: Pedro Albarrn Prez
Universidad de Alicante. Curso 2010/2011.
Modelos Dinmicos
Introduccin
Modelos estticos
Estimacin. P
Introduccin
Modelo Tobit
Modelos en Dos Partes
Modelos de Seleccin Muestral
TEMA 4. Modelos para Datos Censurados y de
Seleccin Muestral.
Profesor: Pedro Albarrn Prez
Universidad de Alicante. Curso 2010/2011.
Introduccin
Modelo Tobit
Modelos en Dos Partes
Universidad del Pac
co - Escuela de Postgrado
Macroeconom Avanzada I - 2013
a
Profesor: Juan Mendoza.
Profesores asistentes: Adrin Armas & Fernando Ru
a
z.
Prctica Dirigida 3
a
7 de setiembre de 2013.
1. En una econom la gente vive con certeza un per
a
od
Universidad del Pac
co - Escuela de Posgrado
Macroeconom Avanzada I - 2011
a
Profesor: Juan Mendoza
Profesor asistente: Cristhian Seminario
04-Set-11
Set de Ejercicios (Respuestas)
1. (a)
1
U (C ) = eC .
C
U (C ) = e
, U (C ) = eC .
U (C )
= .
U (C )
Esta
EconS 501 - Micro Theory I
Assignment #1 - Answer key
1. Choice coherence. A friend of mine, when choosing a bottle of wine in a restaurant,
claims that he always chooses as follows. First, he eliminates from consideration any
bottle that costs more than
EconS 501 - Micro Theory I
Assignment #2 - Answer Key
1. [Checking WARP]. For each of the following demand functions, check whether they
satisfy the weak axiom of revealed preference (WARP).
(a) Random demand For any pair of prices p1 and p2 and wealth w,
Problem Set VII: Edgeworth Box, Robinson Crusoe
Paolo Crosetto
Exercises will be solved in class on March 22nd, 2010
1. Edgeworth box
Consider a pure-exchange, private-ownership economy, consisting in two consumers, denoted by i = 1, 2, who
trade two comm
Problem Set VI: Edgeworth Box
Paolo Crosetto
[email protected]
Exercises solved in class on March 15th, 2010
Recap: pure exchange
The simplest model of a general equilibrium theory is a model with no production: a pure exchange
economy.
Consumers
Problem Set IV: UMP, EMP, indirect utility, expenditure
Paolo Crosetto
[email protected]
February 22nd, 2010
Recap: indirect utility and marshallian demand
The indirect utility function is the value function of the UMP:
v( p, w) = max u( x ) s.t. p
Problem Set II: budget set, convexity
Paolo Crosetto
[email protected]
Exercises will be solved in class on January 25th, 2010
Recap: Walrasian Budget set, denition
Denition 1 (Walrasian budget set). A Walrasian budget set is given by B p,w = cfw_ x
Problem Set V: production
Paolo Crosetto
[email protected]
Solved in class on March 1st, 2010
Recap: notation, production set Y , netput vectors
A production vector, or netput vector, is denoted by y = (y1 , . . . , y L ) R L ;
negative entries re
Problem Set III: Comparative static, monotonicity,
Cobb-Douglas
Paolo Crosetto
[email protected]
Exercises will be solved in class on February 3rd, 2010
1. MWG 2.F.10: substitution matrix
Consider the following demand function:
p2
p1 + p2 + p3
p3
x2
EconS 501 - Micro Theory I
Recitation #1 - Preferences and Choice
1. MWG 1.B.2. Prove property (ii) of Proposition 1.B.1: If a preference relation % is
rational (i.e., satised completeness and transitivity) then:
(a)
is re
exive (x x for all x), transitiv
