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ECON102 Study Guide - Midterm Guide: Big Mac Index, Microsoft Powerpoint, Labour Force Survey

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cerisegiraffe538
15 Sep 2018
School
University of Alberta
Department
Economics
Course
ECON102
Professor
All

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ECON102 Full Course Notes
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Related Questions

The opportunity cost of attending university is likely to include all EXCEPT which of the following:
  1. The cost of required textbooks.
  2. Tuition fees.
  3. The income you forgo in order to attend classes.
  4. The cost of haircuts received during the school term.
  5. The cost of paper and pencils needed to take notes.
http://krugman.blogs.nytimes.com/2009/01/27/a-dark-age-of-macroeconomics-wonkish/
http://www.dimensional.com/famafrench/2009/01/bailouts-and-stimulus-plans.html

Now read and analyze those columns, to write a summary of eachcolumn. Your summary should contain:
• A description of the column’s introduction: (1) the subject, (2)why the AUTHOR (not you) thinks the subject is important, and (3)what the main conclusion/point of the column is.
• A description of the column’s body: the essential content ofcolumn, that is, the logical argument and the empirical evidencethat the author used.
• A description of the column’s conclusion: (1) the mainconclusion/point of the article and (2) what the AUTHOR thought theimplications and/or consequences of that conclusion are.

Summary 1 –
INSERT THE SUMMARY OF THE FIRST ARTICLE HERE

Summary 2 –
INSERT THE SUMMARY OF THE SECOND ARTICLE HERE

***** CLEAR ANSWERS AND GRAPHS IF NEEDED********

1.) Consider the discrete Bertrand game described in the Oligopoly lecture notes/video. According to the rules of this game each student selects a number from the set {0,1,2, 3, 4, 5, 6, 7, 8, 9, 10} and is randomly matched with another student. Whoever has the lowest number wins that amount in dollars and whoever has the high number wins zero. In the event of ties, each student receives half their number in dollars. What number would you select if you played this game in our online class? Explain your reasoning.