Principles of Economics
Economics 108
Department of Economics, University of Rochester
Fall, 2000
Professor Alan C. Stockman
Last updated Wednesday, October 14, 2000
back to main page

http://economics101.org


Answers to First Midterm

MS Word file

html (Web-page)

 
September 6 Introductionanother audio

Models and Evidence

Read chapters 1-2.

Do questions 1-24 in Chapter 1. 

answers here

Do questions 1-12 and 13a in Chapter 2.
Do these INTERNET ASSIGNMENTS for Chapter 2

powerpoint presentation of chapter 1

powerpoint presentation of chapter 2

September 11 Gains from Trade
(also powerpoint and answers)

Read Chapter 3.  (Skip the appendix.)
Do questions 1-21 in Chapter 3.

answers here

Remember to do the problems on your own before you look at the answers!
September 13 Supply and Demand
(also powerpoint and answers)

Read Chapter 4, including the appendix.  Do questions 1-21, 24, 27, A1-A2
The most important questions for you to do in this chapter are 5-9, 12-16, 20-21, 24, and A1-A2.

answers will be available Wednesday afternoon, 9/13.

CORRECTION ON PAGE 98: The equation at the top of page 98 should indeed say that "Qs = c + dP" with a plus sign rather than a minus sign.

Demand for Hot Soup (MS Excel file)

September 18 Elasticities (also powerpoint and answers)  Read Chapter 5.  Do questions 1-20, 33. The most important questions for you to do in Chapter 5 are 3, 4, 6, 11, 13-15, 25-26, and 28. Calculus of Elasticities (MS Word file)
September 20 Applications (also powerpoint and answers) Read Chapter 6.

Do all the problems.  The most important questions  in Chapter 6 are 2, 4, 10-12, 16-17, and 20.

 
September 25 International Trade, Arbitrage, and Speculation (also powerpoint and answers) Read Chapter 7.

Do problems 1-23, 26-27, 30. 
The most important questions in Chapter 7 are 2, 3, 7, 8, 12, 14, 17, 21, 23, 26, 27, 30.

INTERNET ASSIGNMENTS for  Chapter 7.
September 27 Taxes and Price Controls (also powerpoint and answers) Read Chapter 8, including the appendix.  Do problems 1-25, 29-30, and A1-A3 in the appendix.
The most important questions for you to do in Chapter 8 are 1-4, 8, 10, 12-14, 21, 24, A1-A3.
October 2 Taxes and Price Controls continued    
October 4 Economic Efficiency (also powerpoint) Read chapter 9 and  both appendices.
        Do all end-of-section questions in chapter 9, questions 19-22, 24-25 at the end of the chapter, and appendix questions A1-A2 and B1-B4.
selected answers from chapter 9
October 9 No Class - Fall Break    

October 11

Logic of Choice Read chapter 10.  Don't bother reading the Appendixes -- however, if you know calculus, you might find Appendix C on page 256 useful to help you understand the material.

Do all end-of-section questions in chapter 10, and questions 11-13 at the end of the chapter.

selected answers from chapter 10

October 16

The Logic of Business Decisions

Read chapter 11, skipping the Appendixes.  (If you know calculus, the Appendix (pages 274-5) might help you understand the material better.)

Do questions 5-9, 15, 19-21 in Chapter 11.

Also, read the following ten pages of chapter 12:

  • Pages 277-282
  • Page 285 (bottom half only)
  • Page 286 and the top half of page 287
  • Pages 291-294.
Do questions 4-5, 18-24, 27-28 in Chapter 12.

powerpoint slides for Chapter 11

selected answers from chapter 11

powerpoint slides for Chapter 12

selected answers from chapter 12

NEW!Review Sessions
DAY TIME WHERE TA doing the review
Sunday 6pm-7:30pm Meliora 203 Igor Kopylov
Sunday 7:30pm-9pm Meliora 203 Hyungjun Kim
Monday 6:00pm-7:30pm Meliora 203 Micah Segelman
Monday 7:30pm-9:00pm B&L 106 Alessandro Riboni
Tuesday 3:30pm-4:30pm Meliora 203 Liang Hu
Tuesday 6pm-8pm Lander Auditorium Sam Danthine

October 18

First Midterm Exam

Important Information:

WHERE you will take the Midterm depends on your last name:

If your last name starts with the letters A-N, then you will take the first midterm in Hubbell auditorium (where we have class)

If your last name starts with the letters O-Z, then you will take the first midterm in LOWER STRONG auditorium.

(Note: Everyone will switch places for the second midterm.)

 

go to http://economics101.org

go back to main page