Econ 101 – Practice Problems

Sorry for the delay, it’s been an issue getting technology to work for me. Below is the practice problems focused on inflation adjustment and creating price indexes. Below that document is a link to the answers. There is no due date. Answers with an explanation can be found here.

Lecture Notes – 9/15/2009

Here are lecture notes on GDP, returns to scale, production, and growth theories. NOTE: there is audio associated with these files. Click on the green text to jump to specific parts of the lecture. I missed the first 5 minutes of the lecture, but the remaining hour is still available. You can also download these […]

Comments on Homework #1

Ahead of the upcoming test, I have some comments on Homework #1. Question 1: everyone did well, it’s straight forward. Question 2: also no comment. Question 3: some people were 100% correct, but don’t forget to include the value of intrinsic costs. Many people correctly mentioned time with family/children/spouse as an opportunity cost, but didn’t […]