Econ 326 Problem Set 4
Due in class on Wednesday, November 5.
(60 Points)
This problem set tests the knowledge that you have accumulated on choice under uncertainty and production. General rules for problem sets: show your work, write down the steps that
Problem Set #3
Econ326 Spring 2012
Instructor: Ginger Jin
Due date: May 4, 2012
Name: _
Student ID: _
Section #: _
1. Albert and Bob consume video games and books. Albert has an initial endowment of
60 books and 20 video games. Bob has an initial endowmen
Econ 326 Problem Set 4
Due in class on Wednesday, November.
(60 Points)
This problem set tests the knowledge that you have accumulated on choice under uncertainty and production. General rules for problem sets: show your work, write down the steps that yo
Econ 326 Problem Set 2
Due in class on Wednesday, September 28.
(60 Points)
This problem set tests the knowledge that you have accumulated on utility maximization. The questions
are a combination of conceptual questions, graphical questions and mathematic
Econ 326 Problem Set 4
Due in class on Wednesday, November.
(60 Points)
This problem set tests the knowledge that you have accumulated on choice under uncertainty and production. General rules for problem sets: show your work, write down the steps that yo
Econ 326 Problem Set 4
Due in class on Monday, November 7.
(60 Points)
This problem set tests the knowledge that you have accumulated on choice under uncertainty and production. General rules for problem sets: show your work, write down the steps that you
University of Maryland
Department of Economics
Spring 2011
Prof. John Ham
Naomi Utgoff
Economics 326: Problem Set #4
This problem set is due in Friday April 8 by 1:30 pm to take advantage of
Naomis office hours on Thursday. I will email you the appropriat
University of Maryland
Department of Economics
Spring 2012
John Ham
Robert Kulick
Economics 326: Problem Set #1
Due 2 pm Thursday Feb 23 in class, or in Mr. Kulicks mailbox in TYD3105 (note the
change from the syllabus), or by email as a pdf file to Kulic
University of Maryland
Department of Economics
Spring 2012
John Ham
Robert Kulick
Economics 326: Tuesday and Thursday Practice Midterms: General Comments
Coverage: You are responsible for all handouts (on the extra notes, only pp. 2-10) except for
the han
Econ 326 Problem Set 2
Due in class on Wednesday, September 28.
(60 Points)
This problem set tests the knowledge that you have accumulated on utility maximization. The questions
are a combination of conceptual questions, graphical questions and mathematic
Economics 326 Midterm 1 Solutions
October 7, 2013
1. Short Answers (6 points each)
(a.) Construct a utility function that represents the following preferences: 1
greatfruit
1 orange, 1 orange
1 lemon, 1 greatfruit
1 lemon. How many
utility functions are t
ECON 326 Exam 1 Summer 2013: Suggested Solutions
June 25, 2013
There may be typ0z so feel free to question my solutions.
Part 1
1. True.
2. False, MRS may be constant in special cases.
3. False, steeper
4. False, compliments
5. False, would also spend les
University of Maryland
Department of Economics
Spring 2012
John Ham
Robert Kulick
Economics 326: Problem Set #3
Due 2 pm Thursday April 5 in class, under Roberts door (TYD5110), or by email as a pdf file to
[email protected] (Note I have moved this fro
Econ326 Intermediate Microeconomics Spring 2011 Instructor: Ginger Z. Jin http:/kuafu.umd.edu/~ginger TAs: Daisy Dai & Sumedha
Lecture 1
Course
introduction
Syllabus Teaching Textbook
style and expectations Chapter 1, 2.1-2.3
Goal of the class
Teach
you
The Great Depression Notes Economists' fascination with the description and interpretation of the severity and duration of the Great Depression has not flagged in over seven decades since its onset. What began as an investigation centering on the U.S. Dep
Econ 326 Problem Set 5
Due in class on Monday, December 10.
(60 Points)
This problem set tests the knowledge that you have accumulated on cost curves and market equilibrium.
General rules for problem sets: show your work, write down the steps that you use
Econ 326 Intermediate Microeconomics (Chapter 10, 15)
TRUE/FALSE
2. If the real interest rate is positive, then a unit of future consumption can be had for the sacrifice of less than 1
unit of current consumption.
ANS: T
DIF:
1
6. If a consumer can borrow
Problem Set #1
Name: _
Econ326 Intermediate Micro
Student ID: _
Instructor: Ginger Jin
Section No. _
Due Date: February 14, 2011
TA Name: _
=
1. Sally consumes two goods, X and Y. Her utility function is given by the expression
The current market price fo
Problem Set #3 Answer Key
Econ326 Fall 2011
Instructor: Ginger Jin
1. The United States currently imports all of its coffee. The annual demand for coffee by
U.S. consumers is given by the demand curve Q = 250 10P, where Q is quantity (in
millions of pound
Department of Economics Dr. Naveen Sarna University of Maryland, College ParkSections 0101-0201 Spring 2013
Course Number: Instructor: E-mail: Office: Office hours: Class TA: E-mail:
ECON-317- 0101 ECON -317-0201
MW 3:30-4:45 PM MW 5:00-6:15 PM
Naveen Sar
Econ 326 Problem Set 5
Due in class on Wednesday, December 11.
(60 Points)
This problem set tests the knowledge that you have accumulated on cost curves, market equilibrium,
monopoly, and monopsony. There are total of 60 points possible. General rules for
Econ326 Problem Set #2
Fall 2011, Instructor: Ginger Jin
Due Date: October 28
Name:_
Section #: _
Section Time: _
1. Richard's father gives him a lottery ticket. The probability of winning payoffs is as follows:
Probability
0.5
0.25
0.2
0.05
Payoff
$0
$1
Econ 326 Intermediate Microeconomics (Chapter 6, 8)
TRUE/FALSE
1. If two goods are substitutes, then an increase in the price of one of them will increase the demand for the other.
2. A good is a luxury good if the income elasticity of demand for it is gr
Econ 326 Intermediate Microeconomics (Chapter 20, 21)
TRUE/FALSE
1. If there are increasing returns to scale, then average costs are a decreasing function of output.
2. If the production function is f (x1, x2) = mincfw_x1, x2,then the cost function is c(w
Econ 326 Intermediate Microeconomics (Chapter 2, 3)
TRUE/FALSE
1.If there are two goods with positive prices and the price of one good is reduced, while income and other prices
remain constant, then the size of the budget set is reduced.
ANS: F
DIF:
1
2.A
Problem Set #3 Answer Key
Econ326 Spring 2011
Instructor: Ginger Jin
1. The United States currently imports all of its coffee. The annual demand for coffee by
U.S. consumers is given by the demand curve Q = 250 10P, where Q is quantity (in
millions of pou
Africa in the period 500 A.D. to 1500 A.D. part from Ghana, Mali,
Songhai and Kanem-Bornu, there were outstanding kingdoms in
Hausaland, in Mossi, in Senegal, in the Futa Djalon mountains of
Guinea and in the basin of the Benue tributary of the river Nige
walter/how-europe/ch02.htm (42 of 64) [8/22/05 11:03:38 AM] How
Europe Underdeveloped Africa. Walter Rodney 1973 attempts at
exchange of a people coming into contact with strangers, and it was
not a permanent procedure. During the rule of Ghana, the peopl
Underdeveloped Africa. Walter Rodney 1973 eminence in the 13th and
14th centuries, a small amount of local slavery had come into
existence, and by the end of the 15th century there were both chattel
slaves and domestic slaves comparable to feudal serfs. F
of the cautious term, transitional. It can also be noted that nowhere
had there been any internal social revolutions. The latter have taken
place in European and world history only where class consciousness
led to the massive intervention of peoples wills
and trans-Saharan commerce was integrating the resources of a wide
area stretching from the Mediterranean to the Atlantic Ocean. Longdistance trade across the Sahara had special characteristics. Some
scholars have spoken of the camel as the ship of the Sa