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 |