ECO204Y1 Lecture Notes - Lecture 18: Price Discrimination, Externality, Transaction Cost
Document Summary
In preparation for the final exam, this tutorial will focus on how to best answer t/f questions. How to tackle a t/f question: read information completely and carefully, set aside intuitive notions/personal observation, list all concepts/ tools/ models you can think off that relate to the question. It should take you at least 2-5 minutes of thinking. Find at least one other concept: represent the facts (including changes) of statement given. Formally, as an optimization problem: analyze the model. Don"t bend your analysis b/c you know what the answer is supposed to be : reflect upon your analysis and conclusion. Ensure, you are not questioning assumptions: don"t be afraid to start over, using a different concept/ model, write up your answer. (cid:1) you will only be graded on your final answer! Satisfactory (c-level) answer: gets main concept, but somewhat mistaken, misapplied, or incomplete argument; or complete and correct but general/ vague answer with unsupported claims.
