Past Teaching
I have been Teaching Assistant for the course:
Parts I and III (Professor I.Musu
)
General rules for assignments
A piece of advice
First Assignment (assigned on 24/9)
- Solutions
Second Assignment (assigned on 1/10) - Solutions
Third Assignment (assigned on 7/10) - Solutions
Fourth Assignment (assigned on 26/11) - Solutions
Part II
(Professor M. Li Calzi)
General Rules --> See within Syllabus and Homework files
First Homework (due on 2/11)
Second Homework (due on 22/11)
Parts I and III (Professor I. Musu)
- For these parts assignments carry no weight in the final mark of the course, however, a 'cross section' of exercises (i.e. the same exercises for everybody) will be corrected for the purpose of giving feedback and evaluating progress
- For this reason, although you are welcome to work in small groups or pairs, it is requested that everybody submits an individual solution set with their name clearly indicated
- Solution sets can be computer typed or hand written: in case you are typing them please try to submit them in printed form rather than by e-mail; in case you are hand-writing please make an effort at legibility.
- Due dates and places where to hand in solutions could vary depending on the lecture schedule and your general workload, specific instructions will be given for each assignment
- Please note that, although failing to submit a solution set for an assignment in these parts of the course carries no penalties in terms of marks, assignments DO form a part of the requirements for passing the course
- For the same reason late submission should be avoided except under exceptional circumstances. If you foresee a problem please do not wait until the last minute so that we have time to work out a solution.
Working in group is usually extremely useful, at the same time it is
necessary to keep in mind that here the final exam counts for 100% of the grade
and will be strictly individual.
My personal experience is that in this case it is best to aim to start
working in groups after pondering the exercises individually and coming up with
at least a solution trace if not a complete solution.
First Assignment(Due on Monday 4 October at 12 noon in Front Office)
Mas-Colell, Whinston and Green (MWG henceforth)
Chapter 1, exercise 1.B.3
Chapter 2, exercise 2.D.2
Chapter 3, exercises 3.B.1; 3.C.5; 3.D.1
Additional material you could find useful for these lectures
Readings
Hal R. Varian, "Microeconomic Analysis" (3rd edition), Norton
& Co., New York
Chapter 7, Sections 1 and 2
(Preference relations);
Chapter 9, Section 2
(Homogeneity and Homoteticity)
MWG, Mathematical Appendix, Section M.B
Second Assignment(Due on Monday 11 October at 12.30 pm at Front Office)
MWG, Chapter 3, exercises 3.D.6; 3.E.7; 3.G.15
Additional material you could find useful for these lectures
Readings
Hal R. Varian, "Microeconomic Analysis (3rd edition), Norton
& Co., New York
Chapter 7, Sections 2, 3, 4 and 5 (consumer choice and behaviour);
Chapter 8, Sections 2, 3 and 4 (wealth and price effects);
MWG, Mathematical Appendix, Sections M.A and M.B (Euler's Formula);
C. Simon and L. Blume; "Mathematics for Economists", Norton & Co., New York
Chapter 20 (Homogeneity and Homoteticity)
Third Assignment(Due on Friday 15 October at 4.30 pm in Office 7H)
MWG, Chapter 3, exercises 3.I5; 3.I.6
Additional material you could find useful for these lectures
Readings
Hal R. Varian, "Microeconomic Analysis" (3rd edition), Norton
& Co., New York
Chapter 7, section 5 (money metric)
Chapter 10, sections 3 and 4 (Q-L utility)
Chapter 10, sections 1, 2 and 5 (CV, EV, surplus)
Chapter 10, section 6 (aggregation)
One of the "standard textbooks" on environmental welfare economics is that of Freeman, it includes a very extensive explanation of welfare measures. I put its details here for those of you who might be interested.
A. M. III Freeman, "The Measurements of Environmental and Resource
Values: Theory and Methods", Resources For the Future, Washington, 1997
Chapter 3 (Evaluating
Welfare changes: basic theory)
Another famous author of textbooks on welfare economics is Johansson, who wrote three books on the topic. The first is, as the name suggests, introductory. The second retakes much of the contents of the third. The last two books devote extensive introductions to measures of welfare change (45 pages).
P. O. Johansson, "Introduction to modern welfare economics", Cambridge
University Press, Cambridge (UK), 1994
P. O. Johansson, "Cost-Benefit Analysis of Environmental Change", Cambridge University Press, Cambridge (UK), 1994
P. O. Johansson, "Economic Theory and Measurement of Environmental
Benefits", Cambridge University Press, Cambridge (UK), 1987
Fourth Assignment (Hand in not requested. If you hand in something I'll try to give it back with feedback within a day)
MWG, Chapter 10, exercise 10.C.2
MWG, Chapter 11, exercise 11.B.1, 11.B.5 (points A ans B ONLY)
MWG, Chapter 11, exercise 11.D.3
MWG, Chpater 11, 11.C.1 or 11.C.2 (if you are meeting to solve them it's a good idea that half of you solve each exercise and then you can confront solutions)
