PPT-ECON 100 Tutorial: Week 16

Author : yoshiko-marsland | Published Date : 2017-04-03

wwwlancasteracukpostgradmurphys4 smurphy5lancasteracuk office LUMS C85 Permanent Income Hypothesis People will spend money at a level consistent with their expected

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ECON 100 Tutorial: Week 16: Transcript

wwwlancasteracukpostgradmurphys4 smurphy5lancasteracuk office LUMS C85 Permanent Income Hypothesis People will spend money at a level consistent with their expected longterm or lifetime income When young people generally borrow when middle aged people pay off their loans and save for retirement and when old people spend what they saved. Week 10. Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Question 1 . H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components. A water filter sells for £26, and H2OClean can buy the components for each filter for £1. Kevin and Sharon are two workers for H2OClean Ltd. Sharon can assemble 60 water filters per month, and Kevin can assemble 70. If the labour market is perfectly competitive, how much will each be paid? . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Today’s Outline. We’ll review the exam from Friday. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Question 1. Match . each of the three . types of price discrimination . to the following definitions:. (a) When . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. In-class activity: modelling a game in normal form and in extensive form. Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. A few things we need to know:. Marginal Rate of Substitution. 5. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS . C85. LUMS . Maths. and Stats Help (MASH) Centre. Are you mystified by . maths. ? Stuck with statistics? The LUMS . Week 10. Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Question 1 . H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components. A water filter sells for £26, and H2OClean can buy the components for each filter for £1. Kevin and Sharon are two workers for H2OClean Ltd. Sharon can assemble 60 water filters per month, and Kevin can assemble 70. If the labour market is perfectly competitive, how much will each be paid? . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Ch. 8, Problem 2(a) . True or False: In . a perfectly competitive industry the industry demand curve is horizontal, whereas for a monopoly it is downward-sloping. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. How to Prepare for the Exam. Review your Tutorial Worksheets and Slides, Lecture Slides, The Specimen Exam, and Textbook chapters – that’s the order of importance. . Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. Ch. 8, Problem 2(a) . True or False: In . a perfectly competitive industry the industry demand curve is horizontal, whereas for a monopoly it is downward-sloping. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4/econ15. s.murphy5@lancaster.ac.uk. Today’s Outline. We’ll review the exam from Friday. Which of the following reasons can explain why people have preferences for holding money?. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5. @lancaster.ac.uk. office . LUMS . C85. Moodle. Moodle: . https. ://modules.lancs.ac.uk. /. Coursepaper. , Tutorial worksheets, Lecture Recordings, General Announcements. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. Today’s Outline. Exam Questions. Is there anything you’d like to go over regarding Friday’s Test?. In Week 17: You’ll have an exam recap with Kwok (in the lecture) and you get your marked exams back as well (in the tutorial).. Week 10. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. Question 1 . H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components. A water filter sells for £26, and H2OClean can buy the components for each filter for £1. Kevin and Sharon are two workers for H2OClean Ltd. Sharon can assemble 60 water filters per month, and Kevin can assemble 70. If the labour market is perfectly competitive, how much will each be paid? .

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