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Martin WiegandMicroeconomics for Policy, Part I, 2014/2015: Assignments
Instructions. You should actively work together with the other students in your team.
It is not allowed to cooperate between teams. You are strongly encouraged to actively
participate in the Friday tutorials. Bring a copy of your solutions along.
Clearly identify all team members by name and student registration number (or VU
net ID) on the first page, and make sure to staple multiple pages. Handwritten solutions
are okay, but make sure to keep a copy for yourselves. You should submit an original
paper version. (Only in motivated exceptional cases send a small(!) single file by email).
Make sure to submit ‘neat’ work (this excludes, among others: photographic snapshots of
scribblings; anything illegible or hard-to-read; any material copied from other sources).
Work that we deem not to be a serious attempt will not be graded.
Deadline. Friday before 11 o’clock. Hand in your work either in class at the beginning
of the session or in the box opposite Econ secretariat (10A64, outside the glass door next
to the mid-wing lifts on 10th floor) from 10:00 to 10:55a.m only.
Remarks.
• This document will be updated over the course of the term. It will help to have the
Snyder Nicholson (SN) textbook at hand.
• Solutions will be discussed in class. Fully worked-out solutions will not be made
available afterwards.
• Some questions appear to be fairly general. If you cannot solve a question at the
assumed level of generality, try to provide a solution for a particular case or speci-
fication; usually: the more general, the better—and the more points you can get.
• In all your answers, be precise and concise but give a brief explanation of what
you do (and where appropriate, why). Introduce all symbols and label all graphs
properly.
• Remember (for these assignments and for life in general): make sure that the exam-
iner can deduce from your answer that you know what you should know (rather
than leaving the possibility that you make guesses). Make sure the reader under-
stands what you write down.
• Do obey the rules of algebra and calculus, but simplify your calculations wherever
possible (reduce long expressions or introduce new symbols for expressions that
need not be analyzed further; example: use β = αα−1 / log(α) if α is just a parameter
you are not interested in per se, and go on with β.)
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