Students in Sheffield University shocked to find simple mathematics are indeed a part of economics:
http://www.bbc.co.uk/news/education-31057005
So there are cities with people in them.
Output per person is a constant "a" multiplied by the square root of the number of people in the city.
The cost of running the city is a constant "b" multiplied by the square of the number of people in the city.
We can draw from this that the more people there are in a city the slower the output grows and the higher the coordination cost grows.
The questions that follow (see the link) are basically asking them to explain why this might be so and what factors can affect the constants. Pretty basic stuff, better communications will lower y, better workflow will increase a etc etc...
I've never studied economics in my life. I have a reasonable understanding of maths but seriously, this is squares and square roots, that's taught at the age of 12 if not earlier.
Are students so entitled these days that they expect to know the nature of every question that will appear on an exam? Do they expect advance warning of every issue that will arise when they have a job in the real world??
http://www.bbc.co.uk/news/education-31057005
Consider a country with many cities and assume there are N>0 people in each city.
So there are cities with people in them.
Output per person is aN^0.5 and there is a coordination cost of yN^2. Assume that a > 0 and y > 0.
Output per person is a constant "a" multiplied by the square root of the number of people in the city.
The cost of running the city is a constant "b" multiplied by the square of the number of people in the city.
We can draw from this that the more people there are in a city the slower the output grows and the higher the coordination cost grows.
The questions that follow (see the link) are basically asking them to explain why this might be so and what factors can affect the constants. Pretty basic stuff, better communications will lower y, better workflow will increase a etc etc...
I've never studied economics in my life. I have a reasonable understanding of maths but seriously, this is squares and square roots, that's taught at the age of 12 if not earlier.
Are students so entitled these days that they expect to know the nature of every question that will appear on an exam? Do they expect advance warning of every issue that will arise when they have a job in the real world??