Masters Microeconomics (2014-2015, 2015-2016, 2016-2017)Andrew Clausen's Part- Solutions
- Please note that:
- Burak, Alessandro and I wrote the solutions (who did what questions is on the front page)
- Burak's solutions take a very mathematical approach in case anyone prefers this way. They also go into more detail than you will be expected to go in an exam.
- Alessandro's and my solutions are more basic and just give the detail you need in an exam.
- The questions are generally broad enough that there are multiple permissible ways to answer each question. For example you might have put wastage into question 2.7 rather than the approach in the solutions. This is ok. The questions are intentionally a bit vague so you can make decisions about how you want to model it. As long as you model in a logical way and explain the steps it doesn't matter what approach you take.
- For exams some of you may be worried that if you don't do the equilibrium properly then you cannot do well on the future questions.
- If you completely mess up the first part, and have a logically inconsistent model, then indeed, it might be hard to answer subsequent parts.
- If you just interpret things a bit differently from the question as stated, then it's unlikely to disadvantage you in subsequent parts. It might mean there is more notation you get lost in, for example, but historically, this is not the main hurdle that students face in the exam. In the worst case, one of the issues raised by a subquestion might not make sense in your interpretation, so you might just need to skip one subquestion. You can still get above 70 even if this happens.
- Not all questions will have solutions provided.
- At Helpdesk If you want to ask about questions where there is not a solution written, please email me (CC Alessandro) ahead of time. It will make if faster If I can work out the question before helpdesk.
- In general if you ask Alessandro and me questions CC the other person.
- Some notes written on various topics from previous years:
Ina Tavena's PartEcon 1A (2013-2014)A First Year Microeconomics and Macroeconomics Course |