In-Class Problems and Solutions

                                    Table of Contents.

Micro Economics

1.1    Aggregating Supply and Demand Equation - Private Goods

1.2    Comparative and Absolute Advantages and the PPF

1.3     Compensating Wage Differentials (risk/reward)

1.4     Compensating Wage Differentials and Utility

1.5     Consumer Optimality

1.6     Defining Supply and Demand Equations: Private Goods

1.7     Discrimination Model

1.8     Discrimination - an alternative model

1.9     Economic Profit

1.10   Elasticity of Demand

1.11    Evaluating Economic Models

1.12    Friction in the Labor Market: Minimum Wage

1.13    Human Capital - Present Value Equation

1.14    Labor Demand and MPL

1.15    Labor/Leisure Model of Labor Supply

1.16    Labor Market Marginality

1.17    Labor Unions

1.18    LS = LD

1.19    Measuring Distributional Inequalities

1.20    Mobility/Immigration

1.21    Monopoly Market Structures

1.22    Monopsony - Friction in the Labor Markets

1.23    Pay & Productivity

1.24    Price Controls and Quotas

1.25    Public Goods Problem - Robinson and Friday

1.26    Solving Basic Equations

1.27    Unemployment

Macroeconomics

2.1    A Labor Market Issue

2.2    AS/AD, GDP and the PPF

2.3    Consumption Function, AEplanned, and Investment

2.4    GDP and the AS/AD Relation

2.5    GDP Calculation Y= C+I+G+X-IM

2.6    Keyesian  Multiplier

2.7    NAIRU, Phillips Curve and AS/AD Models

2.8    Quantitative Easing and Tapering

2.9    Real GDP Calculation

2.10    Unemployment & Inflation: the Phillip's Curve Relation