Peter J Wilcoxen > PPA 723 Managerial Economics

Five Minute Exercises

In one of my other classes, I give out one of these exercises each day in class and give people 5-7 minutes to solve it.  It doesn't count toward their final grade -- it's just an opportunity to practice doing problems with limited time, which helps people avoid freezing up on exams.  Although I'm not giving them out in Managerial Economics (at least not yet), you might find them useful to do on your own. Each entry is a link to a page with the original problem and the final numerical answer.   If you have questions about how to do any of them, please drop me a note or stop by my office. If you find them useful, let me know and I will post more duing the semester.

Demand, Supply and Markets

Finding a Market Equilibrium  
Finding a Market Equilibrium with a Tax  
Calculating Market Demand  
Market Equilibrium with Multiple Sellers  
Market Equilibrium with Multiple Buyers  
Equilibrium with a Tariff  
Equilibrium with a Supply Quota  
Using Elasticities to Analyze a Tax  
Cost of a Subsidy  
Effect of a Subsidy on New Buyers  
Subsidy Needed to Achieve a Quantity Target  
Effect of a Minimum Wage  
Effect of a Price Ceiling  

Household Choice

Price Change with Perfect Complements Preferences  
Price Change with Cobb-Douglas Preferences  
Compensating Variation with Cobb-Douglas Preferences  
Income Effect with Cobb-Douglas Preferences  
Substitution Effect with Cobb-Douglas Preferences  
Taxes and Perfect Complements Preferences  
Compensating Variation with Perfect Complements Preferences  
Policy Design with Cobb-Douglas Preferences  

Cost Benefit Analysis

Present Value of a Stream of Payments  
Present Value of a Delayed Infinite Stream  
Present Value of a Long Finite Stream  
Net Present Value  
Expected Value  
Expected Value and Fair Insurance  
Expected Net Present Value  
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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 12/08/2011