Home Random Page


CATEGORIES:

BiologyChemistryConstructionCultureEcologyEconomyElectronicsFinanceGeographyHistoryInformaticsLawMathematicsMechanicsMedicineOtherPedagogyPhilosophyPhysicsPolicyPsychologySociologySportTourism






Questions for exam in Microeconomics

1. Are risk-averse individuals willing to pay a premium that exceeds the expected claim?

2. Show the interaction of supply of insurance policies and demand for insurance policies and formation of the insurance market.

3. Is it reasonable to buy when the stock market is low and sell when the stock market is high?

4. Is it possible using diversification to make risk go away completely?

5. What is in common and what are the differences between adverse selection and moral hazard?

6. How to deal with adverse selection and how to deal with moral hazard?

7. Do you agree that when the level of output is chosen so that price equals marginal cost, then it is also true that at that output level the value of the marginal product of labor will equal the wage rate?

8. Is there any link between efficiency-wage model and unemployment increase?

9. Is there any difference between individual labor supply curve and market labor supply curve?

10. Is it possible to rely on individual self-interest to yield provision of an efficient quantity of public goods?

11. Do you agree that the behavior of those of many Americans who are eligible to vote and don’t bother to may be completely rational?

12. What is in common between the problem of managing common resources and the problem posed by negative externality?

13. How to account for downward-sloping position of the marginal social benefit curve?

14. How the Coase-theorem may be helpful to solve the problem of externalities?

15. What are the positive and negative consequences of in case of emissions taxes?

16. Compare the problems with tradable emissions permits with problems of emissions taxes.

17. Why do network externalities present special challenges for antitrust regulators?

18. Do you agree that under monopolistic competition the firms behave cooperatively and tend to collude?

19. Show the difference between long-run equilibrium under perfect competition and monopolistic competition.

20. What are the main differences between Cournot behavior and Bertrand behavior?

21. Is Nash equilibrium a stable market situation or not?

22. What is the logic of an arms race?

23. What is the source of the oligopolist’s kinked demand curve?

24. What’s the difference between a quantity and a price effects on the monopoly market?

25. How to measure the market power of a firm? Compare the degrees of the market power of firms under perfect competition, monopolistic competition, oligopoly market and monopoly market.

26. What are the scale effects in production and what explains them?

27. Are there any links between the scale effects and network externalities?

28. Compare the Short-Run and Long-Run supply curves under perfect competition.

29. What are the differences between marginal social cost of pollution, marginal social benefit and marginal external cost of pollution? Explain using graphs.

30. What is meant by externalities and what are the types of them?



31. What does say Coase theorem and what is its practical application?

32. Transaction costs: their meaning and practical role.

33. What is the essence of internalization of externalities?

34. Emission tax and the impact on pollution.

35. Pigouvian taxes and Pigouvian subsidies: their essence and their practical applications.

36. Tradable emission permits and their role in pollution control.

37. Technologies spillover and its significance in economic development.

38. Network externalities: meaning and practical significance.

39. What are the differences between private and public goods.

40. Free-rider problem and its impact on the economic efficiency.

41. Cost-benefit analysis and its application in economic decision making.

42. Common resources: essence and main characteristics.

43. What are the measures to prevent the overuse of common resources?

44. Artificially scarce goods: the meaning and the main characteristics.

45. The welfare state: the essence and the main instrument of its policy.

46. The poverty threshold and the problem of its determination.

47. The difference between mean household income and median household income.

48. The difference between means-tested programs and not-means-tested programs.

49. The negative income tax and its practical application.

50. Value of the marginal product of a factor of production: its essence and evaluation.

51. Marginal productivity theory of income distribution.

52. Compensating differentials and their practical usage.

53. Efficiency wage model and its main characteristics.

54. What are the differences between the individual labor supply curve and the market labor supply curve?

55. What is the role of trade unions in labor market?

56. The backward bending individual labor supply curve and the factors that cause its appearance.

57. Income and substitution effects in labor supply.

58. Efficient allocation of risk: its essence and methods of realization.

59. Diversification of risk and its practical significance.

60. Private information and its impact on the economic decisions.

61. The differences between adverse selection and moral hazard.

62. The market failures: their essence and the main variances.


Date: 2015-12-24; view: 707


<== previous page | next page ==>
Use the proper form of the verb in brackets. | Questions to Module One
doclecture.net - lectures - 2014-2024 year. Copyright infringement or personal data (0.008 sec.)