Assignments

A total of 10 graded problem sets were assigned during the semester. Each one covered approximately one week's worth of new material. The best 9 scores out of 10 were used to calculate the term grade.


ASSIGNMENTS TOPICS
Problem set 1 (PDF) Supply and demand diagrams
Problem set 2 (PDF)

Price elasticities

Indifference curves

Marginal rate of substitution (MRS)

Utility functions

Problem set 3 (PDF)

Inferior goods

Marginal rate of substitution (MRS)

Indifference curves

Engle curves

Income and substitution effects

Price elasticities

Market demand

Problem set 4 (PDF) Insurance and risk
Problem set 5 (PDF)

Cost functions

Production functions

Marginal rate of technical substitution (MRTS)

Isoquant curves

Expansion paths

Problem set 6 (PDF)

Production functions

Long run and short run comparisons

Economies of scale

Returns to scale

Cost functions

Government policy and market efficiency

Problem set 7 (PDF)

Government policy and market efficiency

Edgeworth boxes

Tariffs

General equilibrium

Problem set 8 (PDF)

Monopoly

Monopoly and market efficiency

Monopsony

Problem set 9 (PDF)

Pricing power

Price discrimination

Monopoly

Cournot game

Problem set 10 (PDF)

Monopolisitic competition

Inflation

Nash equilibrium

Oligopoly

Prisoner's dilemma

Marginal revenue product of labor

Unemployment