Summary
Summary Exam checklist
- Course
- ECO2003
- Institution
- University Of Cape Town (UCT)
I got you. Trust Me.
[Show more]
Seller
Follow
Content preview
Exam break down1. Property & Power and Calculus:
Identify Pareto-e cient outcomes along with outcomes that are Pareto-dominated by others.
Di erentiate between a substantive judgement of fairness and a procedural judgment of fairness.
graph and explain the shape of Angela's feasible frontier.
graph and explain Angela's indi erence curves.
calculate the marginal rate of transformation given some functional form of the feasible frontier.
calculate the marginal rate of substitution given some functional form of the indi erence curves.
explain, in detail, the stable equilibrium in the case where Angela is free to farm the land as she sees
do basic di erentiation
2. Bargaining, Institutions and Allocations
explain the maths behind MRS and MRT
explain, in detail, the stable equilibrium in the case where Angela is free to farm the land as she sees t.
explain, in detail, the stable equilibrium in the case where Bruno owns the land and can force Angela to work as
he sees t.
explain how bargaining power in uences the outcome in a case where there is free exchange
show how di erent government policies that change the institutional arrangement governing exchange a ect
outcomes between Angela and Bruno
be able to calculate optimal allocations between Angela and Bruno given di erent functional forms for
production and utility
3. Institutions, 1913 Land Act & Introduction to Inequality
apply key concepts such as institutions and power to economic exchanges in the real world
be able to apply the model to unpack the channels through which speci c institutional changes, such as the
1913 Land Act, a ect outcomes.
understand what inequality means
understand how to measure inequality including Gini coe cients and Lorenz curves
know some of the limitations of measures of inequality
4. Types, trends, choice of inequality & policy
Explain the di erent types of inequality
Understand what the trends in inequality are.
Understand the global inequality conundrum.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kopanosegoale. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R203,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53022 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now