Announcements Final exam score statistics: Hi = 83, median = 63. Answers are posted below.
You may pick up your exams next quarter
A draft of the official cheat sheet is posted below… please email suggested changes to Andrew Brooks ambrooks@ucsc.edu
I’ve attached an article from the Economist magazine dealing with externalities.
Intermediate Microeconomics, Math Intensive. An intermediate-level course in microeconomic theory and applications, this class focuses on models of consumer behavior and demand, firms’ cost and supply, and resulting market outcomes. Students will learn where and why the models work, and will become adept at using them to predict and explain economic behavior in the modern world. The presentation assumes that students are comfortable using tools from calculus, including constrained optimization, and solving small systems of linear equations.
The primary text is Microeconomics: Theory and Applications with Calculus, 2nd Ed., by Jeffrey M. Perloff (Addison-Wesley, 2011). Additional readings are on reserve in the Science Library and/or posted below. Grades are based on class participation and homework (25%), midterm exam (25%), and final exam (50%).
The class meets Tu Th noon – 01:45PM in Physical Sciences 136.
Instructor is Dan Friedman. His Office hours are MW 3:30-4:30pm in 417 Engineering 2, and by appointment.
Reader is Alexandra Hancock. Her office hour is Th 6pm in McHenry Library Coffee Shop.
Due dates:
Problem Set #6 is due Tuesday March 12.
Readings
- Answer key to final exam // Posted on March 21, 2013
- Answers to all final exam questions…
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- Answer key for Final practice problems // Posted on March 16, 2013
- Answers to the problems posted last week for practice for the final exam.
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- Economist magazine article on externalities // Posted on March 14, 2013
- talks about carbon tax (Pigouvian) applied to only part of the market…
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- Answer Key for PS #6 // Posted on March 13, 2013
- Answers to the last problem set. Not fully proofread…
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- final practice problems // Posted on March 13, 2013
- Practice problems to help you prepare for the final exam. The actual final will have fewer questions. If you can do all these in 3 hours, you are well prepared!
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- Draft Cheat Sheet // Posted on March 13, 2013
- An updated draft of the official cheat sheet … please email suggested changes to Andrew Brooks ambrooks@ucsc.edu
- – download
- Answer Key to Problem Set #5. // Posted on March 12, 2013
- Answer key to problem set 1, prepared by Alexandra Hancock, our Reader.
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- Notes on Fisher theory // Posted on March 7, 2013
- Dan’s lecture notes 3/7/13 for Irving Fisher’s theory of choice over time.
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- Answers to PS #4 // Posted on March 6, 2013
- Answers to problem set 4
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- Problem Set #6 // Posted on March 4, 2013
- The last, and best problem set! Due in class Tuesday March 12.
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- Problem Set #5 // Posted on Feb. 24, 2013
- The 5th problem set, covering chapter 11 of the text, due Tuesday March 5. Only one more after this!
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- Problem set #4 // Posted on Feb. 15, 2013
- The 4th problem set, covering chapters 9 and 10 of the text, due Tuesday Feb 26…but don’t wait until the last weekend to do it!
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- Midterm Answer key // Posted on Feb. 15, 2013
- Official answer key to the midterm exam. Median score was 36 of 50 possible… on the whole, a very good performance!
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- Official Cheat Sheet // Posted on Feb. 13, 2013
- This will be printed and distributed at the exam…no other notes allowed. Please tell Andrew Brooks ambrooks@ucsc.edu and instructor if you see any errors or serious omissions before then.
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- answer key for practice midterm // Posted on Feb. 13, 2013
- corrected answer key…
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- Answers to PS #3 // Posted on Feb. 13, 2013
- The official answer key to the third problem set.
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- Answers to Ch 8 practice problems // Posted on Feb. 12, 2013
- Mostly from the publisher; some are edited by DF.
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- Practice problems for the midterm // Posted on Feb. 10, 2013
- Try to solve these under time pressure before the answers are posted…
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- Answer Key to PS 2 // Posted on Feb. 5, 2013
- Official answer key.
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- Practice problems for the midterm // Posted on Feb. 4, 2013
- Try these before the midterm exam Feb 14. Solutions to be posted Feb 12.
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- PS 1 answer key // Posted on Jan. 30, 2013
- Answer key to problem set 1, prepared by Reader (Alexandra Hancock). Additional comment on the last problem: the CE model is often (not always) also useful in predicting long run tendencies in markets that have not-so-many buyers or sellers, or goods that are not homogeneous, e.g., labor markets.
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- A paper on the sunk cost fallacy // Posted on Jan. 30, 2013
- Kai Pommerenke, Dan, and two HP coauthors investigate sunk costs in the lab. The first part of the paper may interest you.
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- Problem set #3 // Posted on Jan. 27, 2013
- The third problem set, covering chapters 6 and 7 of the text, due Tuesday Feb 5.
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- Academic production function // Posted on Jan. 27, 2013
- A Wall Street Journal article that touches on production and cost in the industry of academe.
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- Problem set #2 // Posted on Jan. 16, 2013
- The second problem set, covering chapters 4 and 5 of the text, due Tuesday Jan 29.
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- email list // Posted on Jan. 13, 2013
- To help facilitate study group formation, have a look at this list. It includes all enrolled students except those who asked to have their emails omitted.
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- Problem set #1 // Posted on Jan. 1, 2013
- The first problem set, covering chapters 2 and 3 of the text, due Tuesday Jan 22…but don’t wait until the last weekend to do it!
- – download
- Syllabus // Posted on Dec. 31, 2012
- The official class syllabus, including tentative schedule of lectures.
- – download