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  • HEC Montréal ( )
  • Economics
  • Year 1 Economics
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HEC Montréal Year 1 Economics Exam Practice: 9 Solved Problems (Micro, Macro, Statistics)

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Year 1 Economics
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9 exam-style economics problems at the introductory level, each with a full step-by-step solution, in the style of HEC Montréal Year 1 economics. What's inside (7 pages, PDF): • Microeconomics (problems 1-3): Shutdown rule, Markup pricing, Lorenz curve • Macroeconomics (problems 4-6): Types of unemployment, Bond prices, Closing a gap • Statistics (problems 7-9): Two-way table, Binomial, Weighted mean Every solution shows each intermediate value, so you can check your own work line by line. Ideal for midterm and final exam review. Unofficial practice modeled on public course descriptions for this level. Not affiliated with or endorsed by HEC Montréal. These are not past exams.

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Exam prep · Year 1 HEC Montréal style · intro level




9 problems
micro, macro, s
tatistics




HEC Montréal
Year 1 practice Full solutions
every step worked o
ut

Intro micro, intro macro and intro statistics: supply and demand, costs, GDP,
money, probability and tests.




Unofficial practice based on public course descriptions for this level. Not affiliated with or
endorsed by HEC Montréal.

, Micro · Problems 1 to 3 HEC Montréal · Year 1 style


Shutdown, markups and inequality
Problem 1 Problem 2 Problem 3
Shutdown rule Markup pricing Lorenz curve
P = $12. At the best output q = 50: ATC = A monopolist faces a demand elasticity Income shares by quintile, poorest first:
$18, AVC = $14. of −4. MC = $30. 5%, 10%, 15%, 25%, 45%.
1. Loss if the firm produces? 1. Profit-maximizing price? 1. Area under the Lorenz curve?
2. Loss if it shuts down? 2. Lerner index? 2. Gini coefficient?
3. Decision? 3. Top-to-bottom quintile ratio?




Unofficial practice · Solutions on the next page · HEC Montréal Year 1 style · 02

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