Introduction to Microeconomics, Essays

Group 1 2 3 # 5 7 ) + 10 11 12 13 1# 15 1 17 1) 1+ 20 21 22 23 2# 25 2 27 2) 2+ 30 31 32 33 Tutor Maija Halonen Maija Halonen Maija Halonen $er%as Hu&ley $er%as Hu&ley $er%as Hu&ley $er%as Hu&ley $er%as Hu&ley ,u-a"ai .uki ,u-a"ai .uki Bradley /ake Bradley /ake Ba0ile *ory Bar0ile *ory Bradley /ake Ba0ile *ory Dun1anson Henry Dun1anson Henry Dun1anson Henry Dun1anson Henry Ro0inson Harrie2 Ro0inson Harrie2 H3 Tin"Tin" H3 Tin"Tin" H3 Tin"Tin" H3 Tin"Tin" Bar0ile *ory Burne22 TiBurne22 Ti6!ondro"ianni 4n2!i 6!ondro"ianni 4n2!i 52eed 5usan 52eed 5usan Day & Time Mon 10:00 - 10:50 Tue 12:00 - 12:50 T!u 10:00 - 10:50 Tue 10:00 - 10:50 'ed 10:00 - 10:50 (ri 15:00 - 15:50 (ri 12:00 - 12:50 (ri 11:00 - 11:50 T!u 12:00 - 12:50 'ed 11:00 - 11:50 (ri 12:00 - 12:50 Tue 17:00 - 17:50 Mon 17:00 -17:50 (ri 1 :00 - 1 :50 Tue 11:00 - 11:50 'ed 12:00 - 12:50 Tue 12:00 - 12:50 Tue 11:00 - 11:50 T!u 11:00 - 11:50 T!u 10:00 - 10:50 Mon 11:00 - 11:50 Mon 12:00 - 12:50 (ri 12:00 - 12:50 (ri 10:00 - 10:50 (ri 11:00 - 11:50 Tue 12:00 - 12:50 Tue 12:00 - 12:50 'ed 12:00 - 12:50 'ed 11:00 - 11:50 Tue 1 :00 - 1 :50 Tue 11:00 - 11:50 1 Mon 1 :00 - 1 :50 Tue 11:00 - 11:50 Location Priory RD 7 B2 Tyndalls park rd 30 - 32 1.0 Tyndalls park rd 30 - 32 ".07 Priory RD 10 $2 'oodland Rd 12 1$ Tyndalls park rd 3# - $.01 Tyndalls Park RD 30 - 32 $.03 Tyndalls Park RD 30 - 32 *$.03 'oodland RD 12 1$5 Tyndalls Park RD 3# $.01 Tydnalls park rd 30-32 $.05 Tyndallls Park Rd 30-32 1.0 Tydnalls park rd 30-32 1.0 Tyndalls Park RD 30 - 32 1.0+ Tyndalls Park RD 30 - 32 1.0+ Tyndalls Park RD 30 - 32 2.0# Tyndalls Park RD 30 - 32 *$.03 Tyndalls Park RD 30 - 32 $.01 Tyndalls Park RD 30 - 32 $.07 Tyndalls Park RD 30 - 32 $.05 Tyndalls Park RD 30 - 32 1.0+ Tyndalls Park RD 30 - 32 *$.03 4RT5 6MP*7 $ # 'oodland RD 12 1$ Tyndalls Park RD 30-32 2.03 Tyndalls Park RD 30-30 2.03 Tyndalls Park RD 30-30 $.03 Tyndalls Park RD 30-30 1.0 Tyndalls Park RD 30-30 $.03 Tyndalls Park RD 30 -32 1.0 Tyndalls Park RD 30 -32 *$.03 Tyndalls Park RD 30-32 $.01 586569 6MP*7 : B*, 1:# Essay 1 1 1 1 2 3 # 2 2 2 2 2 3 3 2 3 # # # # 1 1 3 3 3 3 3 # # 1 1 2 2

Introduction to Microeconomics, Essays

Word length: 500 900. Deadline: Monday 21st April
II (1) In what situations might it be said that a monopoly is natural or inevitable? Describe these situations and assess whether it makes sense for a government to try to regulate such industries. II (2) If an economy is at a general competitive e!uilibrium" we may conclude that social welfare is being ma#imised$. %ssess this statement and e#plain why you think it is right or wrong. II (&) 'here are two criticisms of (ondon)s congestion charge that are so serious that it should be scrapped. The first is that driving a car is a necessity for most people* demand will be so inelastic that drivers will not alter their behavior. The second is that only people likely to be affected are low income drivers who have no choice but to travel by car.$ Carefully evaluate this statement. II (+) %ccording to the theory of comparative advantage if a country moves from autarky to free trade the sum of producer and consumer surplus will increase. ,arefully e#plain this statement" use a diagram to e#plain your answer.