What This Document Is
This document is a final examination for Emory University’s Intermediate Microeconomics course (ECON 201), administered in Fall 2020 by Professor Shomu Banerjee. It assesses students’ understanding of core microeconomic principles covered throughout the semester. The exam emphasizes problem-solving and analytical skills, requiring students to demonstrate their knowledge through derivations and clear explanations.
Why This Document Matters
This exam is crucial for students enrolled in ECON 201 as it determines a significant portion of their final grade. It serves as a comprehensive evaluation of their ability to apply microeconomic theories to real-world scenarios. Students preparing for similar intermediate microeconomics courses, or those seeking a challenging practice exam, may also find this document valuable for self-assessment. It’s designed to test the ability to synthesize concepts, not just recall them.
Common Limitations or Challenges
This document is a completed exam, meaning it does *not* provide instruction or explanations of the concepts being tested. It’s a tool for self-evaluation *after* studying the course material. It does not include the course syllabus, lecture notes, or textbook readings. Successfully using this exam requires a solid foundation in intermediate microeconomics.
What This Document Provides
The full document contains four comprehensive questions covering topics such as: international trade (tariffs and subsidies), consumer choice (quasilinear utility, budget constraints, substitution and income effects), and game theory (Pareto efficiency, Walrasian equilibrium). It includes detailed problem statements and partially worked solutions, allowing students to check their own work and identify areas for improvement. The exam also features a production function problem. This preview only provides a glimpse of the exam’s structure and content; the complete solutions and detailed derivations are within the full document.