SIM UOL August 2012 Intake

[huiyan56]

anyone knows where to buy the POA "ice cream" textbook? Seems like the stock is forever unavailable...

Yes i checked for a few times but its always OOS :-\

 

[CrimsonP]

You guys enjoy Manfred ting lesson . At least his lame jokes keep u entertained and the way he explain is simple for u to understand. His "songs" his notes are very thin , make sure print and do his tutorials..

Was his student last year , the night before exam , I freak out on a question ard 2am .. Smsed him and wad surprise me was he called me.. Explain to me .

Very nice lecturer.
Dont miss his lessons!

 

[chiwawa23]

Ohhhh. Hey thank you very very much for your help!!!!

Hihi, no problem man, hope u understand and hope that i didn't get it wrong. Anybody pls just correct my mistakes if i got it wrong. So that we can learn from one another and improve. Thanks.

 

[chiwawa23]

Any of u all done the hw for econs?? How do i explain qns 1 on whether is it true or false?? Got a bit stuck at explanation. Done and draw out the graph though. Producing 70 units of y at L labor is considered productive efficient as it falls on the PPF, however, it is considered as allocative inefficient because there are labor of unemployment and thus got inefficiency as well. So how do i explain it??

 

[chiwawa23]

anyone doing dr zhang's hmwk? lol

Done and draw out the graph. However, how do i explain whether is it true or false?? Got a bit stuck at explanation. Producing 70 units of y at L labor is considered productive efficient as it falls on the PPF, however, it is considered as allocative inefficient because there are labor of unemployment and thus got inefficiency as well. So how do i explain it??

 

[adv_illusioned]

Any of u all done the hw for econs?? How do i explain qns 1 on whether is it true or false?? Got a bit stuck at explanation. Done and draw out the graph though. Producing 70 units of y at L labor is considered productive efficient as it falls on the PPF, however, it is considered as allocative inefficient because there are labor of unemployment and thus got inefficiency as well. So how do i explain it??

you must say efficient if the society thinks that unemployment in acceptable. however, if the society wants full employment, it is allocative inefficient.

 

[chiwawa23]

you must say efficient if the society thinks that unemployment in acceptable. however, if the society wants full employment, it is allocative inefficient.

Oh ok , thanks for the help, so true or false??

 

[yslow_613]

7th row from the front.. In the middle, in white.. Lai Lai Lai sit tgt hahaa.. V lonely here haha

I also attend the stat one just now^^

 

[xFBUUx]

Done and draw out the graph. However, how do i explain whether is it true or false?? Got a bit stuck at explanation. Producing 70 units of y at L labor is considered productive efficient as it falls on the PPF, however, it is considered as allocative inefficient because there are labor of unemployment and thus got inefficiency as well. So how do i explain it??

do we have to use simultaneous equations to find the reference point?

 

[adv_illusioned]

Oh ok , thanks for the help, so true or false??

its true when society wants full employment but false when society doesnt mind.

p.s. my lecturer finished the ans up till there only.

so i guess it answer the question.

 

[adv_illusioned]

do we have to use simultaneous equations to find the reference point?

if the reference point you are talking about is when y = 70, you got to substitute it into the right equation (the PPF has 2 eqn which starts and end at different places.)

 

[chiwawa23]

its true when society wants full employment but false when society doesnt mind.

p.s. my lecturer finished the ans up till there only.

so i guess it answer the question.

Thank you very very much for the help and assistance.

 

[chiwawa23]

do we have to use simultaneous equations to find the reference point?

Yea, u need to find the ref point so that u can determine that y = 70 falls on which eqn as there are 2 eqns on the PPF.

 

[St00ky]

Done and draw out the graph. However, how do i explain whether is it true or false?? Got a bit stuck at explanation. Producing 70 units of y at L labor is considered productive efficient as it falls on the PPF, however, it is considered as allocative inefficient because there are labor of unemployment and thus got inefficiency as well. So how do i explain it??

Solutions can be found here

http://www.geraldtay.com/PDF/Tutorial Class/Micro/Tut_Micro_Tut1.pdf

 

[xFBUUx]

Yea, u need to find the ref point so that u can determine that y = 70 falls on which eqn as there are 2 eqns on the PPF.

if the reference point you are talking about is when y = 70, you got to substitute it into the right equation (the PPF has 2 eqn which starts and end at different places.)

How do i determine which equation is the right equation to sub in? I have found the reference point.

 

[chiwawa23]

How do i determine which equation is the right equation to sub in? I have found the reference point.

U see the point at y = 70 falls on which line on the PPF. If it falls on the L line then is labor constraint and that is sub in to the eqn for labor. If it falls on the K line then is capital constraint and that is sub in to the eqn for capital.

 

[VodkaRed]

Anyone having POA at 12pm and Maths 1 at 3.30pm tomorrow???

 

[xFBUUx]

U see the point at y = 70 falls on which line on the PPF. If it falls on the L line then is labor constraint and that is sub in to the eqn for labor. If it falls on the K line then is capital constraint and that is sub in to the eqn for capital.

Ok, i got it. Thanks chiwawa23 and adv_illusioned for your help!

 

[applebob101]

hey those who are under manfred ting for intro to econs, has he uploaded the tutorial yet? cos i cant find it in the portal...

 

[Dropkickme]

hey those who are under manfred ting for intro to econs, has he uploaded the tutorial yet? cos i cant find it in the portal...

I think it's under 'News from Lecturers'.