Sample solutions for Problem Set 6
Elements of Economic Analysis II
E. Glen Weyl
University of Chicago
Fall 2012
True/False/Uncertain
1
True. As discussed in Problem 2 of the ECON24210 Problem Set 5 and is common sense, if rms sell
products that are close
Problem Set 1
Elements of Economic Analysis II, Fall 2012
E. Glen Weyl
This problem set is due at the beginning of lecture on Thursday, October 11 (next
Thursday).
True/False/Uncertain
Answer the following statements as true, false or uncertain, justifyin
Problem Set 2
Elements of Economic Analysis II (Honors), Fall 2012
E. Glen Weyl
This problem set is due at the beginning of lecture on Tuesday, October 23.
True/False/Uncertain
Answer the following statements as true, false or uncertain, justifying your a
ECON 20110 Problem Set #4:Suggested
Solutions
February 28, 2014
Prof. E. Glen Weyl TAs: Karl Schurter and Lancelot Henry de FrahanPlease email questions to lancelot@uchicago.edu
True/False/Uncertain
1
False
Increasing equality of opportunity requires decr
ECON 20110 Problem Set #2:Suggested
Solution
January 28, 2014
Prof. E. Glen Weyl TAs: Karl Schurter and Lancelot Henry de FrahanPlease email questions to lancelot@uchicago.edu
True/False/Uncertain
Keep in mind that what really matters is the justication y
ECON 20110 Midterm
Winter 14
Prof. E. Glen Weyl
Suggested Solutions
TAs: Lancelot Henry de Frahan and Karl Schurter
February 17, 2014
Part I: True, False, or Uncertain? (5 points each)
1. Debt nancing distorts the risk-taking behavior of rms more than equ
ECON 20110 Final Exam:Suggested Solutions
March 19, 2014
Prof. E. Glen Weyl TAs: Karl Schurter and Lancelot Henry de FrahanPlease email questions to lancelot@uchicago.edu
Part I: True, false or uncertain?
1. Eminent domain is most inecient in the cases
wh
ECON 20110 Problem Set #6:Suggested
Solutions
March 13, 2014
Prof. E. Glen Weyl TAs: Karl Schurter and Lancelot Henry de FrahanPlease email questions to lancelot@uchicago.edu
True/False/Uncertain
1
False
This question relates, among other things, to the r
Problem Set #1
Suggested Solution
ECON 20110
Prof. E. Glen Weyl
TAs: Lancelot Henry de Frahan and Karl Schurter
January 16, 2014
1
True/False/Uncertain (25 points)
1. If selection becomes increasingly advantageous as more individuals enter the
market so t
Final Exam
Elements of Economics Analysis II (Honors)
Fall 2013
Eric Glen Weyl
Exam takers name:
You have 2 hours to complete this exam. You may not write anything during the
first 10 minutes of the exam; you must spend this time reading the exam and deci
Midterm Exam
Elements of Economics Analysis II (Honors)
Fall 2013
Eric Glen Weyl
Exam takers name:
You have 1.5 hours to complete this exam. You may not write anything during the
first 10 minutes of the exam; you must spend this time reading the exam and
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Problem Set 3
Sebastien Gay
Louis Serranito
Due on Thursday, 31st of January in the TA session
Solve, write down (neatly) and deliver questions 1, 2, 4 and 5
Answer all the questions clearly. No credi
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Problem Set 2
Sebastien Gay
Louis Serranito
Due on Thursday, 24th of January in the TA session
Solve, write down (neatly) and deliver questions 2, 3, 4, 5, 6 and 8.
Answer all the questions clearly. N
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Problem Set 6
Sebastien Gay
Louis Serranito
Due on Thursday, 28th of February in the TA session
Solve, write down (neatly) and deliver all questions from the PS.
Answer all the questions clearly. No c
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Problem Set 8
Sebastien Gay
Louis Serranito
Due on Tuesday, 11th of March in the Lecture
Solve, write down (neatly) and deliver questions 1 and 3.
Answer all the questions clearly. No credit will be g
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Problem Set 0
Sebastien Gay
Louis Serranito
Due on Thursday, 10th February in the TA session
Solve, write down (neatly) and deliver questions 1, 2, 3 and 4
Answer all the questions clearly. No credit
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Problem Set 1
Sebastien Gay
Louis Serranito
Due on Thursday, 17th of January in the TA session
Solve, write down (neatly) and deliver questions 1, 3, 4 and 5
Answer all the questions clearly. No credi
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Problem Set 7
Sebastien Gay
Louis Serranito
Due on Thursday, 7th of March in the TA session
Solve, write down (neatly) and deliver questions 1, 3, 4, 5, 7 and 8.
Answer all the questions clearly. No c
Elements of Economic Analysis-2
Econ 20110
Winter 2013
Sebastien Gay
Louis Serranito
Question 1 - Monopoly and Regulation
Suppose that a monopolist has the following demand:
D(p) = 50 p
and that its cost function is given by:
C (Q) = 39 + 10Q
a) Formalize
Problem Set #3
Suggested Solution
ECON 20110
Prof. E. Glen Weyl
TAs: Lancelot Henry de Frahan and Karl Schurter
February 6, 2014
1
True/False/Uncertain (25 points)
1. If we could solve the problem of truthful value revelation, it would be better to
have t
Course Schedule and Readings for
Elements of Economic Analysis II (Honors)
E. Glen Weyl
University of Chicago
Winter 2014
Each lecture includes required readings and references; references are typically more dicult than
the required readings and may be su
Problem Set 3
Elements of Economic Analysis II (Honors), Fall 2012
E. Glen Weyl
This problem set is due at the beginning of lecture on Tuesday, October 30.
True/False/Uncertain
Answer the following statements as true, false or uncertain, justifying your a
Problem Set 4
Elements of Economic Analysis II (Honors), Fall 2012
E. Glen Weyl
This problem set is due at the beginning of class on Thursday, November 15.
True/False/Uncertain
As usual, 5 points each for a total of 25.
1. Suppose that quantity of some mo
Problem Set 5
Elements of Economic Analysis II (Honors), Fall 2012
E. Glen Weyl
This problem set is due at the beginning of class on Tuesday, November 27.
True/False/Uncertain
As usual, 5 points each for a total of 25.
1. Law enforcement is a public good
Problem Set 6
Elements of Economic Analysis II (Honors), Fall 2012
E. Glen Weyl
This problem set is due at the beginning of class on Tuesday, December 4.
True/False/Uncertain
As usual, 5 points each for a total of 25.
1. Firms that sell close substitutes
Sample solutions for Problem Set 1
Elements of Economic Analysis II
E. Glen Weyl
University of Chicago
Fall 2012
True/False/Uncertain
1
True. As described in the solution to last years ECON20100s Problem Set 1, part g), if every student goes to college th
Sample solutions for Problem Set 2
Elements of Economic Analysis II
E. Glen Weyl
University of Chicago
Fall 2012
True/False/Uncertain
1
Uncertain. This is an easy one. As we explicitly learned in class, long-term supply is more elastic
than short-term sup
Sample solutions for Problem Set 3
Elements of Economic Analysis II
E. Glen Weyl
University of Chicago
Fall 2012
True/False/Uncertain
1
True. As the solution to last years midterm T/F/U question number 4 emphasizes, the key question
here is is whether pri
Sample solutions for Problem Set 4
Elements of Economic Analysis II
E. Glen Weyl
University of Chicago
Fall 2012
True/False/Uncertain
1
False. As the solution to last years midterm long answer problem 2 explains, the more inequality
at the top (the smalle
Sample solutions for Problem Set 5
Elements of Economic Analysis II
E. Glen Weyl
University of Chicago
Fall 2012
True/False/Uncertain
1
False. On average most crimes, especially property crimes, are committed by the relatively poor
and have victims that a