Quiz 3 pdf file

Here are the most recent quizzes

Micro

Macro

Final Assignment

Here are updated versions of the final. I changed the macro one a bit, so please take note.

Micro free response questions

Macro free response questions

Some HW answers

Sorry these are a little late, but here are some answers to your HW assignments

For Micro:

chapter 12
chapter 13

For Macro:

Chapter 28
Chapter 29

HW submitted by e-mail

Ordinarily, I do not accept HW submitted through e-mail, but since the Thanksgiving holiday fell right before the HW was due, many students submitted the HW on time via e-mail. I need those students who sent HW in on time to give me a hard copy for me to grade and input into the gradebook. Please do this by next class.

thanks,

Study Sessions

Macro is at 6pm
Micro is at 7:30 pm

Please RSVP at dkuo@occ.cccd.edu

so far only 1 person has RSVP'd. Look for posts on Sunday afternoon to see if I've canceled the session due to low enrollment. If this happens, we'll try again some other time.

Here's the table from the Micro class

Labor: 1,2,3,4,5,6,7,8
marginal product: 19,17,15,,13,11,9,7,5
wage = 200
price = 20

how many workers should the firm hire?

Midterm 2 files

Here are copies of your midterms

macro

High score was 43. The multiple choice scores were low, apparently it was a difficult test

micro

High score is 42 so far. I'm not done grading all the classes. But I am happy with this result since many students did well and the free response was much improved.

HW question

A student asked in micro today about question 10d from chapter 8. I didn't know in class, so here is my response.

When a regulator sets a price that is lower than the unregulated price, it often raises the MR. To see this, take a look at figure 11.7. When the regulator sets a price of P(r), it changes the MR for the monopolist. Remember, the monopolist MR is lower than the price becuase it must "hurt itself" in order to increase output by lowering the price on all the previously sold units. But when there is a price control, the monopolist can sell more output without affecting its MR. It can sell extra units at the price control without having to lower the price. This price can be higher than the MR without the price control and can actually raise the MR the monopolist receives.

Some HW answers to help you.

Remember, these HW solutions are your authors. You must put YOURSELF into your own answers.

Micro economics:

Chapter 8
Chapter 9
Chapter 10
Chapter 11

Macro Economics

Chapter 24
Chapter 25
Chapter 26
Chapter 27