# Questions tagged [self-study]

Questions about self-studying economics, including curriculum design, study strategies, resources, etc.

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92 views

### Cheap talk with mechanics

Sorry in advance for asking too many questions. I am just seeking for some minor help and check if what I'm thinking is acceptable. A customer R takes his car to the mechanic S. The mechanic can ...
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### Job Market Signaling

My Solution is this Separating equilibrium High type worker chooses $e_H = e^* >0$ Low type worker chooses $e_L =0$ Firms believes that if education is $e^* >0$ then the worker is high type and ...
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### Finding consistent but inefficient GMM estimate

Consider the following linear model $$y_t = x_t' \beta +u_t$$ where $t =1,...,T$ and $x_t = (x_{1t} x_{2t} ... x_{kt})'$ , $\beta$ is $k \times 1$ vector of unknown coefficients, $u_t$ is an iid ...
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### Learning Economics in Three Dimensions

I am trying to teach myself microeconomics via video series. I have a fairly good mathematics foundation, currently studying Partial Differential Equations and having gone through all the prereqs you ...
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### BNE: Incomplete Information Cournot

Consider two risk-neutral firms that compete in quantities (Cournot). The aggregate inverse demand is given by $P(Q) = 3-Q$. Each firm can only observe its own cost. Find a symmetric BNE. The constant ...
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### Rule for Number of Strategies in Bayesian Games

Is there a general rule for finding the number of strategies (denote as $S$) for each player in a Bayesian game? I think it's related to the number of types (denote as $T$) and the number of actions (...
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### Cournot nash equilibrium

The market demand for a good is described by the inverse demand function $P(Q) = 120 - Q$ where $Q$ is total quantity demanded and $P(Q)$ the market price. Two firms $i =1,2$ have identical cost ...
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### Better Model for Dynamic pricing - Stackelberg model or Bertrand model

Objective - I am building a dynamic pricing tool for airline tickets which will consider the competitor prices. Taking competitor price as reference, this tool will price the ticket. Also instead of ...
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### Coming up with a self self teaching curriculum in economics?

I'm a college grad- engineer by trade and wanted to learn about economics. Since I don't know much about the subject I'm not sure exactly how to progress with learning the field. I've started with ...
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### Find the set of Pareto efficient payoffs in game theory [closed]

Here I want to find Pareto efficient payoff set. The answer is (C,β), (B, β), (C, δ) But I don’t understand why? Please explain clearly this answer. Thanks a lot
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### Best book to self-study microeconomics

What textbook(s) (and other resources) would you recommend to someone who wants to self-study microeconomics to an advanced (graduate) level starting from 0 (i.e. no formal background in economics)? I ...
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### calculation of the real domestic return of a foreign stock

I would like to calculate the real domestic return of a foreign stock What I know Real price is $$P_{Real, t} = \frac{P_{Nominal, t}}{CPI_t}$$ where CPI is consumer price index. And I know that the ...
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### consumer surplus decreasing

MRU has the following question on a quiz: Suppose the government forced all bread manufacturers to sell their products at a “fair price” that was half the current, free-market price. To keep it ...
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### Stochastic AK model derivation

Consider the following version of the stochastic Ak model written as a Bellman equation: $$v(A,k)=max\ log(c)+\beta E[v(A',k')|A]$$ $$s.t\ k'+c\leq Ak$$ and non-negatitvities. $A$ is a stationary ...
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### Stochastic AK model with uncertainty [duplicate]

Consider the following version of the Ak model:$$V^*(A_0,K_0)=max\sum\beta^t\sum P(A^t)\frac{c_t(A^t)^{1-\sigma}}{1-\sigma}$$ st$$k_{t+1}(A^t)+c_t(A^t)\leq Ak_t(A^{t+1})$$ and non-negativities $A_t$ ...
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### maximization program with a discount factor in monopoly with learning by doing

I would know something about the multiproduct monopoly. In the case with independent demands and costs dependents, it is in the case with only 1 physical good sold out of 2 periods. For example (...
203 views

### Why marginal benefit is decreasing as more and more pizzas are being produced?

I'm taking one of my initial courses in Economics on my own and currently reading Economics by McConnel, Brue and Flynn. On the page 13, the book is trying to explain about Optimal Allocation. They ...
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### What is the producer surplus given the price the consumer paid + price they are willing to pay, and the marginal cost of producing the product?

Linda is willing to pay $6 for a cereal box. Linda bought a cereal box for$4. The marginal cost of producing that cereal box ...
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### Why there is no supply on monopoly markets?

We learned in the class that monopoly markets do not have supply curve. Our textbook (Microeconomics and Behavior, page 388 from, R. Frank) says: A monopolist has no supply curve and it explains it ...
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### Will the outcome of a game always be a Nash Equilibrium?

Consider this game between two players. This game has two Nash Equilibria: (U, C) and (D, R). Suppose we ask the players to play this game once. What should our prediction of the game's result be? If ...
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### Is there a book or notes that explain all about inflation? [closed]

Is there a book or notes or papers (but for easy understanding please) that explain all about inflation? Not at a research level but student level. From what is previously needed to define and ...
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### Demand and Supply Curve Shifts

I Study economics independently at Marginal Revolution University. But I am stuck with few of the very first Concepts. Those are: Demand and Supply curve Shifts in Isolation. Demand Curve Shifts: When ...
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### Assumptions on preference relation

This question is from Harvard seminar problem set (Q-3 part b) https://www.studocu.com/en-us/document/harvard-university/economics/mandatory-assignments/econ2020a-14-ps01-please-give-as-much-...
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### Exchange economy find core

Find Pareto optimal allocations and the core for the following economies Consider an exchange economy with two agents and two goods. Let consumption sets are the nonnegative orthant. Agent 1’s utility ...
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I am hoping to understand when an instrument is appropriate. For the purposes of this question, I'm considering a simplied version of the model in AJR (2000): \begin{aligned}\text{GDP} &\sim \... 0answers 49 views ### Best way to learn economics for an interested layperson with a mathematical background What's a good way for a mathematically-literate layperson who's interested in seriously learning economics? I suppose the quick answer is "read a textbook", but 1) textbooks are boring, 2) ... 1answer 57 views ### A question from MWG 2F12 This question is from MWG if walrasian demand function is generated by a rational preference relation then it must satisfy weak axiom. I cannot prove this statement. How can I do?Thanks alot. 1answer 57 views ### IS LM CURVE QUESTİON For keynesian model, Describe how, if at all, each of the following development affect the IS and/or the LM curve, and the equilibrium (r; Y ): Investment demand becomes less sensitive to the interest ... 1answer 24 views ### Keynesian model functions In The Keynesian economy, I have the following model Here, the production function F(N,K) = Y/K = A(N/K)^{1.10} and by the labor demand function F_N(K,N)= N/K= b_0(w/p)^{b_1}. right? That is, ... 1answer 157 views ### Proof on weak axiom of revealed preferences I read the following statement. “ A utility maximizer with strictly convex and strongly monotonic preferences satisfies weak axiom of revealed preferences.” How can I prove or show this? I cannot ... 0answers 21 views ### Question on Dichotomous system In The Classic economy, we consider the following macroeconomic modelY=F(K,N)$$where F_N>0, F_K>0, F_{KK}, F_{NN}<0 and F_{NK}>0$$F_N(K/N)=w/p$$The labor supply function is$$...
Question Three houses share exclusive access to a beach, but it is dirty due to trash washed ashore. A beach clean-up exercise costs $100$, but has a value of $200$ to each household. A clean-up ...