1. Preach - to tell people about a particular religion, way of life, system, etc. in order to persuade
them to accept it
2. Wailing - a long loud high cry made by somebody who is sad or in pain
3. Inculcate - to cause somebody to learn and remember ideas,

Problem Set #1
Individual Behavior under Certainty: Theory
M. Gebauer
G. Lukyanov
1. Let us denote the bundles by
A = (11, 17),
B = (14, 21),
C = (10, 19),
D = (15, 8).
Given this notation, the statement about the preference relation can be rewritten as f

Problem Set #2
Individual Behavior under Certainty: Applications
M. Gebauer
1.
G. Lukyanov
(a) Bills Hicksian (compensated) demand function for good x1 can be derived as a solution to
the expenditure minimisation problem (EMP):
(
min p1 x1 + p2 x2 ,
x1 ,x

Problem Set #5
Theory of the Firm
M. Gebauer
G. Lukyanov
Due on October 10 by 12.00
1. (2 pt) In a production process, is it possible to have increasing marginal product for
each input and yet decreasing returns to scale?
2. (2 pt) In the short run, a fir

Comments to Section 4
M. Gebauer
G. Lukyanov
A. Rozhkova
1. Discussion of the problems from H/A #3.
2. Firm that specialises in import of used cars decided to insure its cargo. At present
the assets of the firm are valued at $1 million (you may think that

The pie chart shows the percentage of persons arrested in the five years
ending 1994 and the bar chart shows the most recent reasons for arrest.
There is comparative percentage of male and female arrests for the period from
1989 to 1994. For a more detail

H/W
Writing Task 1
You should spend about 20 minutes on this task.
The line graph below presents information about migrant deaths in the
Mediterranean in 2014-2015 by month. Summarize the data by selecting and
reporting the main features and make comparis

Writing Task 2.
Lie detectors should be used by HR managers during the job application process.
To what extent do you agree or disagree with this statement? Give reasons for your answer. You
should use your own ideas, knowledge and experience and support

Comments to Section 2
M. Gebauer
G. Lukyanov
1. Discussion of the problems from H/A #1.
2. Consider an agent with quasilinear utility function
u( x, y) = x + y
a) Derive demand function for good x. Is there anything special?
Comments. Marshallian demand f

Comments to Section 3
M. Gebauer
G. Lukyanov
1. Discussion of the problems from H/A #2.
2. Intertemporal choice.
a) A person responds to increases in the interest rate by first increasing saving
and then (with further increases) reducing saving.
Is he nec

Section 2
Individual Behavior under Certainty:
Applications
M. Gebauer
G. Lukyanov
1. Discussion of the problems from H/A #1.
2. Consider an agent with quasilinear utility function
u (x , y ) =
p
x+y
a) Derive demand function for good x . Is there anythin

Section 1
Individual Behavior under Certainty: Theory
M. Gebauer
G. Lukyanov
1. Consider an economy with two goods,x and y with prices px and py , respectively. We observe
the following choices made by Rob: if px > 2py he chooses to consume only y , and i

Problem Set #3
Individual Behavior under Uncertainty
M. Gebauer
G. Lukyanov
1. The probability of winning $3 (if one or two dots show up) equals Prcfw_1 or 2 =
probability of loosing $2 is Prcfw_3, 4, 5 or 6 = 46 = 23 .
Therefore, the expected value of th

Comments to Section 1
M. Gebauer
G. Lukyanov
1. Consider an economy with two goods,x and y with prices p x and py , respectively. We observe the following choices made by Rob: if p x > 2py he chooses to
consume only y, and if p x < 2py he chooses to consu

Cost Estimation Techniques
Yashuai LI
School of Economics and Management
Beihang University
Course objectives:
1. Understand the integrated approach of developing net cash flows;
2. Examine three basic components: WBS, classification and models;
3. Be abl

Cost Concepts
Yashuai LI
School of Economics and Management
Beihang University
Course objectives:
1. Understand the concepts of different types of costs;
2. Examine the cost-driven design optimization;
3. Be able to conduct present economy studies; and
4.

Comparison and Selection among
Alternatives
Yashuai LI
School of Economics and Management
Course objectives:
Beihang University
1. Understand the concept of mutually exclusive alternatives;
2. Learn the basic concepts for comparing alternatives;
3. Examin

Introduction to Engineering Economy
Yashuai LI
School of Economics and Management
Beihang University
Course objectives:
1. Explore your own objectives of learning Engineering Economy;
2. Know what Engineering Economy deals with;
3. Examine the steps of a

Overview of Engineering Economy
Yashuai LI
School of Economics and Management
Beihang University
Outline
Self-Introduction
Course Objectives
Couse Content
Schedule and Arrangement
Grade Distribution
Reading Materials
Contact Details
SEM, BEIHANG UNIVERSIT

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I, me
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you (respective form)
he
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you
they
good,well
xixie
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thanks
Its my pleasure
sorry
It doesnt matter
good-bye
Hny
Chinese language
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Homework 4
Pereverzeva Svetlana 211R
10 i 2014 .
1
Let us write down possible Alices and Bobs utilities:
Alice
Bob
200
100 0
10 2 10 0
31
12 1
Then, write down expected utility in each situation:
Situation Attack-Attack:
Alice: 0.45 2 + 0.1 100 = 4.5 2

Section 1. Individual Behavior under Certainty
1. George is a consumer whose monthly income is $100. Initially, the price of a composite good
Y is $1 per unit and the unsubsidised price of a unit of good X is $4 per unit. When a subsidy of
$1 per unit is

ICEF, Microeconomics
A. Friedman
Problem Set #2
Due on September 18 by 900
Reading. Morgan, Katz, Rosen, Microeconomics, Chs. 2-4, 5.1. Please read carefully the sections
on application of CV and EV, derivation of compensated demand curve in Ch.4 and sect

ICEF, Microeconomics
A. Friedman
Problem Set #2
Due on September 17 by 1030
Reading. Morgan, Katz, Rosen, Microeconomics, Chs. 2-4. Please read carefully the sections on application of CV,
EV and CS.
Individual Behavior under Certainty
1. (1 p.) Maya cons