British economic policy under margaret thatcher: A midterm examination

The Legacy of Margaret Thatcher—A Critical Assessment

The recent death of Margaret Thatcher sparked some very strong and divided opinions throughout Europe, United States and across the globe. Her death made headline news, such was her notoriety as a person who not only sought to change history but was instrumental in reshaping it especially during the 1980s and 1990s. Although Thatcher may have passed away, the ideas underpinning Thatcherism are ...

Midterm Examination

This is a closed-book exam. You should have no material on your desk other than the exam itself and a pencil or pen. If you run out of room on a page, you may use the back, but be sure to indicate you have done so. You may also make annotations directly on any diagrams given.

Margaret Thatcher's influence on British science.

In September 1986 I took leave of absence from the board of Consolidated Gold Fields, where I was responsible for business development in Australia and America, having been invited to join the Prime Minister’s Policy Unit. My brief was to advise on business and industrial issues such as the privatization of the motor industry, shipbuilding and electricity, as well as the reforms of the financia...

Mookherjee SOLUTIONS TO MIDTERM EXAMINATION

Dilip Mookherjee SOLUTIONS TO MIDTERM EXAMINATION

Household i’s utility maximization problem is to maximize min{xi1 λi1 , xi2 λi2 , . . .} subject to Σlpl[xil − ωil] ≤ 0. It is optimal for i to equalize xil λil across all goods (first note it is strictly optimal to equate this ratio across all goods with a positive price, and then adjust the consumption of the free goods so that their ratio is at least as high as for those goods that are expen...