Econ 519: David Reiley
Due Tuesday, 1 August 2006

Problem Set #1

These problems come from the text by Simon & Blume. As usual, though you can check some answers in the back of the book, I expect you to attempt each problem independently, and check your answer only after you have either solved the problem or struggled with the problem unsuccessfully for 15 minutes. Similarly, I expect you to struggle for 15 minutes on a problem before getting help from a classmate, the TA, or the instructor. Because the course is so fast-paced, I suggest you limit yourself to 15 minutes if you're totally stuck; make a note to ask for a hint, and then move on to the next problem.

  1. Problem 10.1.
  2. Problem 10.2.
  3. Problem 10.4.
  4. Problem 10.5.
  5. Problem 10.6.
  6. Problem 10.8.
  7. Problem 10.10.
  8. Problem 10.11.
  9. Problem 10.12.
  10. Problem 10.14.
  11. Problem 10.17.
  12. Problem 10.21.
  13. Problem 10.28.
  14. Problem 10.29.
  15. Problem 10.30.
  16. Problem 10.31.
  17. Problem 10.33.
  18. Problem 10.34.
  19. Problem 10.41.
  20. Problem 11.2.
  21. Problem 11.3.