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Answers to First Midterm |
| September 6 | Introduction Models and Evidence |
Read chapters 1-2.
Do questions 1-24 in Chapter 1.
Do questions 1-12 and 13a in Chapter
2. |
powerpoint presentation of chapter 1 | ||||||||||||||||||||||||||||
| September 11 | Gains
from Trade (also powerpoint and answers) |
Read Chapter 3. (Skip the
appendix.) |
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 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. |
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| 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. |
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| September 25 | International Trade, Arbitrage, and Speculation (also powerpoint and answers) | Read Chapter 7.
Do problems 1-23, 26-27, 30.
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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. |
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| 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 | ||||||||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||||||
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October 16 |
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:
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powerpoint slides for Chapter 11 selected answers from chapter 11 |
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Review
Sessions |
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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.)
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