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TAKING EXAMS: Rank these with your partner. Put the best advice for taking exams at the top. Change
partners often and share your rankings.
sleep
make notes
drink coffee
relax
3. Consider a country with many cities and assume there are N>0 people in each city. Output per person is
N0.5 and there is a coordination cost per person of yN2. Assume that > 0 and y > 0.
a) What sort of things does the coordination cost term yN2 represent? Why does it make sense that the
exponent on N is greater than 1? [10 marks]
b) Draw a graph of per-capita consumption as a function of N and derive the optimal city size N. How does
it depend on the parameters of and y? Provide intuition for your answers. [10 marks]
c) Describe which combinations of and y generate a peasant economy, meaning an economy with no citiies
(or 1-person cities). Why might the values of the parameters and y have changed over time? What do these
changes imply in terms of the optimal city size? [10 marks]
UNIVERSITY: How useful are these university courses? Complete this table with your partner(s). Change
partners often and share what you wrote.
How useful?
Why?
History of Art
Music
Engineering
English literature
Computer science
Geography
Write five GOOD questions about exams / learning / university in the table. Do this in pairs. Each student
must write the questions on his / her own paper.
When you have finished, interview other students. Write down their answers.
Q.1.
Q.2.
Q.3.
STUDENT 1
STUDENT 2
STUDENT 3
_____________
_____________
_____________
Q.4.
Q.5.