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HEC Montréal Year 3 Economics Exam Practice: 9 Solved Problems (Micro, Macro, Econometrics)

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9 exam-style economics problems at the advanced level, each with a full step-by-step solution, in the style of HEC Montréal Year 3 economics. What's inside (7 pages, PDF): • Microeconomics (problems 1-3): Second-price auction, First-price auction, Comparison • Macroeconomics (problems 4-6): Setup, Rational expectations, Commitment • Econometrics (problems 7-9): OLS, IV estimate, Instrument checks 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 3 HEC Montréal style · advanced level




9 problems
micro, macro, e
conometrics




HEC Montréal
Year 3 practice Full solutions
every step worked o
ut

Advanced micro, advanced macro and econometrics: games, information,
dynamics and causal inference.




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 3 style


Auctions
Problem 1 Problem 2 Problem 3
Second-price auction First-price auction Comparison
Two bidders, private values uniform on Same bidders. The equilibrium bid is b(v) Same setting.
[0, 100]. = v ÷ 2.
1. Which format earns more?
1. Optimal bid? 1. Bid with value 60? 2. Name the result.
2. Expected revenue? 2. Expected revenue?




Unofficial practice · Solutions on the next page · HEC Montréal Year 3 style · 02

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