Answers to the problems suggested ¡­

Answers to the problems suggested for this week can be found together with the answers to the seminar problems under the heading "11 May answers". Note that in the version handed out in class on the 11th there was a bad misprint in equation (6) on page 4. It should be z (y-x) = mu (y-x), with y-x as a factor on both sides of the equation.

One person still hasn't picked up his copy of the term paper from 13 April. If you are that person, you can get it back from the reception on the 12th floor.

About the exam: The exam in ECON3120/4120 is an "open book exam". This means that you are allowed to bring all written material that you want: books, notes, etc. (but books that you haven't read yet are unlikely to be of any help). You are also allowed to use calculators (but not laptop PCs!).

Good luck!