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ECON 402 - INCOME AND EMPLOYMENT THEORY - Washington University In St. Louis Study Resources
  • 3 Pages Econ402SP11-Quiz3-Solution
    Econ402SP11-Quiz3-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Answer Key for Quiz 3. Thursday, April 14th, 2011. Total available points: 25. 1. Social security (7pts) (a) (1pt) we = y + y 1+r + b(nr) (1+r)(1+n) (b) (2pts) Yes, see Figure 1. (c) (2pts) No, see Figure 2. (d) (2pts)

  • 9 Pages Lecture on CRS Technologies
    Lecture On CRS Technologies

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    CRS Technologies Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Spring 2012 Ral Santaeul`lia-Llopis (Wash.U.) u a Constant Return to Scale Technologies Spring 2012 1/9 1 Returns to Scale: Constant, In

  • 5 Pages Quiz 1 Solution Spring 2012
    Quiz 1 Solution Spring 2012

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Intermediate Macro, WUSTL Quiz 1. Answers. 1. Growth Accounting(5pts) Growth accounting approach is a simple and powerful method to measure the contribution of technology progress to the economic growth. However, this approach has a critical pit

  • 6 Pages Lecture on Business Cycle Measurement
    Lecture On Business Cycle Measurement

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    More on Business Cycle Measurement Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Spring 2011 Ral Santaeul`lia-Llopis (Wash.U.) u a More on Business Cycle Measurement Spring 2011 1/6 1 More on Busines

  • 46 Pages Lecture on Endogensous Growth Theory
    Lecture On Endogensous Growth Theory

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Endogenous Growth Theory Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Spring 2011 Ral Santaeul`lia-Llopis (Wash.U.) u a Endogenous Growth Theory Spring 2011 1 / 46 1 Endogenous Growth Models The AK

  • 15 Pages Lecture on Measures of Economic Intequality
    Lecture On Measures Of Economic Intequality

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Measures of Economic Intequality Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Spring 2011 Ral Santaeul`lia-Llopis (Wash.U.) u a Measures of Economic Inequality Spring 2011 1 / 15 1 Introduction 2 Th

  • 47 Pages Lecture on Growth and Development Accounting
    Lecture On Growth And Development Accounting

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Growth and Development Accounting Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Fall 2013 Ral Santaeul`lia-Llopis (Wash.U.) u a Growth and Development Accounting Fall 2013 1 / 47 1 Growth Accounting

  • 51 Pages Lecture on Growth and Development Facts
    Lecture On Growth And Development Facts

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Growth and Development Facts Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Fall 2013 Ral Santaeul`lia-Llopis (Wash.U.) u a Growth and Development Facts Fall 2013 1 / 51 1 History of Economic Growth T

  • 57 Pages Lecture on The Solow Model
    Lecture On The Solow Model

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    The Solow Model Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Fall 2013 Ral Santaeul`lia-Llopis (Wash.U.) u a The Solow Model Fall 2013 1 / 57 1 The Solow Model Technology Preferences Demography The

  • 4 Pages Quiz 2 Solution Spring 2012
    Quiz 2 Solution Spring 2012

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Intermediate Macro, WUSTL Quiz 2. Thursday, March 1st, 2012. Time assigned: 75 minutes. Total available points: 20. 1. Properties of Production Functions First of all, lets make all the production function in per capita terms: F1 (K(t),N (t) N (

  • 4 Pages Quiz 3 Solution Spring 2012
    Quiz 3 Solution Spring 2012

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Intermediate Macroeconomic Theory, WUSTL Quiz 3 Solution 1. A One-Period Macroeconomic Model (a) Prots are simply the output minus labor share of output (1 )y (b) Consumer Problem 1 c1 n1+ max 1 1 1+ sub. to c = (1 )wn + n+l =h FOC c n 1 = 1

  • 1 Page Quiz 3 Solution Fall 2009
    Quiz 3 Solution Fall 2009

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Income and Employment Theory, WUSTL Answer Key to Quiz 1. Thursday, September 25th, 2008. Time assigned: 45 minutes. Total available points: 20. 1. Macroeconomic Eects of Government Spending versus Bad Governmental Regulation (10p) (a) (2p) See

  • 4 Pages Quiz 1 Solution Fall 2009
    Quiz 1 Solution Fall 2009

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Income and Employment Theory, WUSTL Answer Key to Quiz 1. Wednesday, September 23th, 2009. Time assigned: 75 minutes. Total available points: 25. 1. Measuring GDP (2p) (a) (.5p) Services industry. (b) (.5p) Y C + I + G + (X M): (c) (.5p) Consump

  • 3 Pages Quiz 3 Solution Fall 2008
    Quiz 3 Solution Fall 2008

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Income and Employment Theory, WUSTL Answer Key for Quiz 3. Total available points: 20. 1. Solow Model. The Steady State (2p) (a) (0.5p) k = sAk 1 (n + )k. (b) (0.5p) k = 0 implies sA(k )1 = (n + )k , where k is the steady state value of per capi

  • 4 Pages Quiz 2 Solution Fall 2009
    Quiz 2 Solution Fall 2009

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Income and Employment Theory, WUSTL Answer Key for Quiz 2. Wednesday October 21th, 2009. Time assigned: 75 minutes. Total available points: 25. 1. Ricardian Equivalence (4.5p) (a) (1.5p) Changes in the stream of taxes faced by consumers that lea

  • 4 Pages Quiz 1 Solution Fall 2008
    Quiz 1 Solution Fall 2008

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Income and Employment Theory, WUSTL Answer Key to Quiz 1. Thursday, September 25th, 2008. Time assigned: 45 minutes. Total available points: 20. 1. Measuring GDP (2p) (a) (1p) Services are larger. Services: 22.1% while Agriculture + Forestry + F

  • 2 Pages Econ402-Spring2012-Quiz3
    Econ402-Spring2012-Quiz3

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macroeconomic Theory, WUSTL Quiz 3. Thursday, March 29th, 2012. Time assigned: 75 minutes. Total available points: 20. 1. A One-Period Macroeconomic Model (8p) Consider a one period model with a representative consumer enjoying cons

  • 48 Pages Econ402IV-Sp2011
    Econ402IV-Sp2011

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    The Solow Model Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Spring 2011 Ral Santaeul`lia-Llopis (Wash.U.) u a The Solow Model Spring 2011 1 / 48 1 The Solow Model Technology Preferences Demography

  • 5 Pages Econ402SP11-Final-Solution
    Econ402SP11-Final-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Answer Key for FINAL. Tuesday, May 10th, 2011. Total available points: 50. 1. Endogenous growth (10pts) N (a) (2pts) Since M PKt = A + (1 )B Kt t condition do not hold. (b) (2pts) kt = sAkt + sBk 1 ( + n)kt . , limK M P

  • 2 Pages Econ402SP11-Quiz2
    Econ402SP11-Quiz2

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Quiz 2. Thursday, March 10th, 2011. Time assigned: 75 minutes. Total available points: 25. 1. Consumer Behavior. Income and Substitution Eects (10pt) Suppose the representative consumer solves the following utility maxi

  • 3 Pages Econ402SP11-Quiz2-Solution
    Econ402SP11-Quiz2-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Answer Key for Quiz 2. Thursday, March 10th, 2011. Total available points: 25. A large partial credit for a careless mistake, e.g. mistake in algebra. A small partial credit (or no partial credit) for misunderstanding

  • 2 Pages Econ402SP11-Quiz3
    Econ402SP11-Quiz3

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Quiz 3. Thursday, April 14th, 2011. Time assigned: 75 minutes. Total available points: 25. 1. Social security (7pts) Consider an endowment overlapping generations economy. Agents live for two periods (as young and old)

  • 4 Pages Econ402SP12-Final-Solution
    Econ402SP12-Final-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Final. Friday, Apr 27th, 2012. Time assigned: 120 minutes. Total available points: 40. 1. Growth Accounting (a) Although income per capita and literacy rate present a positive correlation, that does not mean that the hi

  • 2 Pages Econ402SP12-Quiz4
    Econ402SP12-Quiz4

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macroeconomic Theory, WUSTL Quiz 3. Thursday, April 19th, 2012. Time assigned: 75 minutes. Total available points: 20. 1. Permanent Income Hypothesis (4p) Consider an economy with a representative consumer. The consumer lives for tw

  • 7 Pages Econ402SP12-Quiz4-solution
    Econ402SP12-Quiz4-solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macroeconomic Theory, WUSTL Quiz 4 Solution 1. Permanent Income Hypothesis (a) Consumers problem max sub. to c1 + FOC c1 c1 1 + 2 1 1 c2 wh = wh + 1+r 1+r c 1 =1+r c 2 1 c2 = [ (1 + r)] c1 Hence, from the budget constriant c1 = (2 +

  • 3 Pages Econ402SP12-Final
    Econ402SP12-Final

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Final. Friday, Apr 27th, 2012. Time assigned: 120 minutes. Total available points: 40. 1. Growth Accounting (12p) Discussing fundamental causes of growth and implementing the dual approach to growth accounting. (a) (6p)

  • 2 Pages Econ402SP11-Quiz1
    Econ402SP11-Quiz1

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Quiz 1. Thursday, February 17th, 2011. Time assigned: 75 minutes. Total available points: 25. 1. Malthus Model: The Black Death (6pt) The black death is estimated to have killed 30%-60% of Europes population around the

  • 6 Pages Econ402SP11-Quiz1-Solution
    Econ402SP11-Quiz1-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL Answer Key for Quiz 1. Thursday, February 17th, 2011. Total available points: 25. 1. Malthus Model: The Black Death (6pt) (a) (3pt) See Figure 1 for consumption and labor, and Figure 2 for population growth and consumpt

  • 5 Pages Econ402FL13-Quiz3-Solution
    Econ402FL13-Quiz3-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macroeconomic Theory, WUSTL Quiz 3. Wednesday, November 6th, 2013. Time assigned: 75 minutes. Total available points: 20. 1. Endogenous Growth: The Case of A Linear Production Function (6p): Consider an economy whose production func

  • 5 Pages Econ402FL13-Quiz2-Solution
    Econ402FL13-Quiz2-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macroeconomic Theory, WUSTL Quiz 2. Wednesday, October 16th, 2013. Time assigned: 75 minutes. Total available points: 20. 1. Malthus Model and Land (5p): I am the successor, not of Louis XVI, but of Charlemagne. Napoleon Bonaparte s

  • 3 Pages Econ402FL13-Quiz1-Solution
    Econ402FL13-Quiz1-Solution

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macroeconomic Theory, WUSTL Quiz 1. Wednesday, September 18th, 2013. Time assigned: 75 minutes. Total available points: 20. 1. Growth and Development Facts (5p) (a) (2p) i. ii. iii. iv. v. Enormous variation of per capita income lev

  • 37 Pages Econ402II-Sp2011
    Econ402II-Sp2011

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Growth and Development Facts Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Spring 2011 Ral Santaeul`lia-Llopis (Wash.U.) u a Growth and Development Facts Spring 2011 1 / 36 1 Growth and Development F

  • 9 Pages Econ402III-Sp2011
    Econ402III-Sp2011

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    CRS Technologies Intermediate Macroeconomics [Econ 402] Ral Santaeul`lia-Llopis u a Washington University in St. Louis Spring 2011 Ral Santaeul`lia-Llopis (Wash.U.) u a Constant Returns to Scale Technologies Spring 2011 1/9 1 Returns to Scale: Constant, I

  • 5 Pages Econ402SP11-Final
    Econ402SP11-Final

    School: Washington University In St. Louis

    Course: Intermediate Macroeconomics

    Econ 402: Intermediate Macro, WUSTL FINAL Tuesday, May 10th, 2011. Time assigned: 120 minutes. Total available points: 50. 1. Endogenous growth (10pts) Consider the model in Jones and Manuelli (1990). The production function exhibits 1 Yt = AKt + BKt Nt T

  • 3 Pages Quiz 2 Solution Fall 2008
    Quiz 2 Solution Fall 2008

    School: Washington University In St. Louis

    Course: INCOME AND EMPLOYMENT THEORY

    Econ 402: Income and Employment Theory, WUSTL Answer Key for Quiz 2. Total available points: 20. 1. Consumer preferences (2p) s (a) (1p) Convexity Diminishing Marginal Rate of Substitution (b) (1p) Goods for which consumption increases as income increases

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