Professor Matthew A. Turner

Department of Economics, University of Toronto

ECO 314: Resource Economics

When you write up your answers, your goal should be to (1) be correct, and (2) convince your reader that your answer is correct. Answers which do not achieve these goals will not be awarded full credit. To accomplish the second objective, it is helpful if your work is legible and if all steps are presented, possibly with a line of explanation.A zero on any part of a problem means that you failed to accomplish these goals. A one indicates an answer with a serious problem. A two indicates an acceptable answer. A three indicates a good answer.

Problem set 4: we marked problems 1, 2ab,3,4. Each part of each problems was worth 3 points for a total of 24.

Problem set 8: we marked problems 1abcd,3. Each part of each problems was worth 3 points for a total of 15.

Problem set 9: we marked problems 1ab, 2 ,3. Each part of each problems was worth 3 points for a total of 12.