• 8 Pages 4537
    4537

    School: Boğaziçi University

    Name: _ Date: _ 1. In the classical model, it is thought that the long-run: A) and short-run aggregate supply curves are both upward sloping. B) aggregate supply curve is vertical and the short-run aggregate supply curve is upward sloping. C) and short-ru

  • 6 Pages 4338
    4338

    School: Boğaziçi University

    EC 102.03 PS 4 (Income and Expenditure) SPRING 2011 1. The marginal propensity to consume is consumption divided by disposable income. A) True B) False 2. If you expect to get a substantial raise six months from now, this will not affect your current cons

  • 10 Pages 4564
    4564

    School: Boğaziçi University

    PS 10 1. Classical economists point out that: A) there is a trade-off between unemployment and inflation. B) an increase in the money supply leads to an equal proportional rise in the price level. C) government spending can affect aggregate demand. D) the

  • 35 Pages Binder1
    Binder1

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 01: Macroeconomics II Lecture 1: Competitive equilibrium in a one-period world (Last revised: February 18, 2011) Here we take our rst steps into constructing our benchmark economy. Well start

  • 2 Pages Lecture_0
    Lecture_0

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: (Graduate) Macroeconomics II Lecture 0: Growth Accounting (Last revised: March 3, 2011) In this note, we motivate the need for growth accounting and show how to do it analytically. 1 Prod

  • 1 Page prescott
    Prescott

    School: Boğaziçi University

    Overview U of Minnesota Econ 8312 Needed: a theory of TFP This paper presents 3 main ndings: 1 Differences in physical and human capital cannot account for the large income differences observed in the world economy; 2 Total factor productivity (TFP) can;

  • 7 Pages Syllabus
    Syllabus

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 01: Macroeconomics II Instructor: Ceyhun Elgin Oce: NB 209 Oce hours: T 10:50-11:50 and Th 10:55-11:55 E-mail: ceyhun.elgin@boun.edu.tr Website: http:/www.econ.boun.edu.tr/elgin Lecture: T,T,T

  • 31 Pages world_frontier
    World_frontier

    School: Boğaziçi University

    The World Technology Frontier Caselli Francesco, Coleman W.John, 2006, AER presented by Ceyhun Elgin and Alperen Evrin Outline Introduction and Motivation Related Literature The Data The Model Outline Alternative Explanations Quantitative Implicatio

  • 4 Pages 4212
    4212

    School: Boğaziçi University

    EC 102.03 Problem Session 1 (Chapter 7) SPRING 2011 1. In an economy consisting of only households and firms, GDP can be computed by a. adding up the total expenditures of households. b. adding up the total income paid by firms. c. Either a or b are corre

  • 28 Pages 4214
    4214

    School: Boğaziçi University

    Some extra material on GDP and its critique: http:/www.project-syndicate.org/commentary/stiglitz116/English http:/www.nytimes.com/2005/10/04/science/04happ.html?_r=1&ei=5070&en=d59b033e2491f6e2 &ex=1168405200&adxnnl=1&adxnnlx=1168247655-O5Pq6uVA67iC5AdJjH

  • 25 Pages 4260
    4260

    School: Boğaziçi University

    Here are some extra material related to the class for Chapter 8: An article by Krugman on the Myth of Asian Miracle arguing that more inputs rather than greater productivity explained Asian tigers. The article also tells you about the sources of growth in

  • 4 Pages 4261
    4261

    School: Boğaziçi University

    EC 102.03 Problem Session 2 (Chapter 8) SPRING 2011 1. A nation's standard of living is determined by a. its productivity. b. its gross domestic product. c. its national income. d. how much it has relative to others. 2. W hich of the following is true? a.

  • 1 Page homework5
    Homework5

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: (Graduate) Macroeconomics II Homework 5 (Last revised: May 18, 2011) This problem set (PS) is due on the beginning of the nal exam which will be held at 4:00 p.m. on Wednesday, June 3rd.

  • 7 Pages homework4_key
    Homework4_key

    School: Boğaziçi University

    (a) Formulate the social planner problem. s Answer: The palnner problem is s max 1 X t t=0 1 ct 1 s:t: = yt = Akt = (1 )kt + it 0; k0 given ct + it + gt kt+1 ct ; kt+1 (b) Dene a decentralized Arrow-Debreu competitive equilibrium for this economy. Answer:

  • 38 Pages Binder2
    Binder2

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: Macroeconomics II Handout 2: A quick introduction to Matlab (Last revised: February 22, 2011) This handout takes the material in Handout 1 and uses it to show how to work with MatlabT M .

  • 52 Pages Binder3
    Binder3

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 01: Macroeconomics II Lecture 9: Solving for an economys (nite and innite) path (Last revised: February 18, 2011) We have the tools. Lets put them to work. So we begin. 1 A trivial example 1.1

  • 1 Page growth_presentation
    Growth_presentation

    School: Boğaziçi University

    Political Turnover, Taxes, and the Shadow Economy Ceyhun Elgin Bogazici University Ceyhun Elgin (BOUN) Bilgi University 1 / 63 Motivation Informal Economy vs. Tax Burden What does Informal mean? Informal Sector: A sector which produces legal/illegal goods

  • 53 Pages hansen_prescott_elgin
    Hansen_prescott_elgin

    School: Boğaziçi University

    U of Minnesota Stylized facts Econ 8312 The mechanics: Lucas (2002) The transition: Hansen and Prescott (2002) Stagnation in GDP per capita vs. sustained growth in GDP per capita. Population dynamics. Fall in land share of GDP per capita. U of Minnesota M

  • 3 Pages homework1
    Homework1

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: (Graduate) Macroeconomics II Homework 1 (Last revised: March 3, 2011) This problem set (PS) is due on Tuesday, March 15 at the beginning of class. The maximum score is 100 points. Be sure

  • 7 Pages homework1_key
    Homework1_key

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: (Graduate) Macroeconomics II Homework 1: Answer key (Last revised: March 14, 2011) Problem 1 Consider an economy where the representative household has a time-separable utility function o

  • 2 Pages homework2
    Homework2

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: (Graduate) Macroeconomics II Homework 2 (Last revised: March 14, 2011) This problem set (PS) is due on Thursday, March 24 at the beginning of class. The maximum score is 100 points. Be su

  • 2 Pages homework3
    Homework3

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: (Graduate) Macroeconomics II Homework 3 (Last revised: March 29, 2011) This problem set (PS) is due on Thursday, April 7 at the beginning of class. The maximum score is 100 points. Be sur

  • 2 Pages homework4
    Homework4

    School: Boğaziçi University

    Bogazici University Department of Economics Spring 2011 EC 504 001: (Graduate) Macroeconomics II Homework 4 (Last revised: May 10, 2011) This problem set (PS) is due on 5:00 p.m. Wednesday, May 18. The maximum score is 100 points. Be sure to review the Sy

  • 19 Pages 4282
    4282

    School: Boğaziçi University

    EC102.04 Introductionto Macroeconomics LectureNotes1 Textbook: Macroeconomics,KrugmanandWells,2006 1 Table6.2 KrugmanandWells:Macroeconomics,FirstEdition Copyright2006byWorthPublishers TheGreatDepression TheGreatDepressionprecipitatedathoroughrethinkingof

  • 19 Pages 4287
    4287

    School: Boğaziçi University

    EC102.03 Introductionto Macroeconomics LectureNotes2 LongRunEconomicGrowth Textbook: Macroeconomics,KrugmanandWells 1 ComparingEconomiesAcrossTimeandSpace 2 U.S.RealGDPperCapita 3 IncomeAroundtheWorld Economicprosperity,asmeasuredbyrealGDPperperson,varies

  • 30 Pages 4288
    4288

    School: Boğaziçi University

    EC102.03 Introductionto Macroeconomics LectureNotes3Ch10 Savings,InvestmentSpending,andtheFinancialSystem (MaliPiyasalar) Textbook: Macroeconomics,KrugmanandWells 1 NationalSaving NationalSaving PrivateSaving PublicSaving 2 BudgetSurplusandBudgetDeficit (

  • 40 Pages 4423
    4423

    School: Boğaziçi University

    WHAT YOU WILL LEARN IN THIS CHAPTER What fiscal policy is and why it is an important tool in managing economic fluctuations Which policies constitute an expansionary fiscal policy and which constitute a contractionary fiscal policy Why fiscal policy has a

  • 10 Pages 4454
    4454

    School: Boğaziçi University

    Name: _ Date: _ 1. According to the efficient markets hypothesis, if you are trying to find out what a stock is really worth, you should: A) study the underlying determinants of the company's future profits. B) examine its recent price changes. C) study t

  • 12 Pages 4483
    4483

    School: Boğaziçi University

    EC102.03 NAME: _ Spring 2011 _ ID #: MIDTERM EXAM II GROUP A Instructions: You have 60 minutes to complete the exam. There will be no extensions. Students are not allowed to go out of the exam room during the exam. Those students who leave the exam room

  • 10 Pages 4497
    4497

    School: Boğaziçi University

    EC 102.03 PS7 (Money, Banking and the Federal Reserve System) 1. Money a. is more efficient than barter. b. makes trades easier. c. allows greater specialization. d. All of the above are correct. ANSWER: d. All of the above are correct. 2. Paper money a.

  • 9 Pages 4509
    4509

    School: Boğaziçi University

    EC 102.03 PS 8 (Monetary Policy) SPRING 2011 1. When an individual decides to hold money instead of other assets: A) that individual is giving up the interest that could have been earned by holding other types of assets. B) that individual becomes more li

  • 38 Pages 4510
    4510

    School: Boğaziçi University

    chapter: 15 > Monetary Policy Krugman/Wells 2009 Worth Publishers 1 of 44 WHAT YOU WILL LEARN IN THIS CHAPTER What the money demand curve is Why the liquidity preference model determines the interest rate in the short run How the Central Bank can implemen

  • 46 Pages 4552
    4552

    School: Boğaziçi University

    chapter: 16 Inflation,Disinflation,and > Deflation Krugman/Wells 2009 Worth Publishers 1 of 46 WHAT YOU WILL LEARN IN THIS CHAPTER Why efforts to collect an inflation tax by printing money can lead to high rates of inflation and hyperinflation What the Ph

  • 36 Pages 4555
    4555

    School: Boğaziçi University

    chapter: 17 Macroeconomics:Eventsand > Ideas Krugman/Wells 2009 Worth Publishers 1 of 41 WHAT YOU WILL LEARN IN THIS CHAPTER Why classical macroeconomics wasnt adequate for the problems posed by the Great Depression How Keynes and the experience of the Gr

  • 8 Pages 4419
    4419

    School: Boğaziçi University

    Name: _ Date: _ 1. In the basic equation of national income accounting, the government directly controls _ and influences _. A) G ; C and I B) T ; G and C C) C ; X and M D) I ; G and T 2. Which of the following is a government transfer? A) wages paid to U

  • 8 Pages 4408
    4408

    School: Boğaziçi University

    Name: _ Date: _ 1. An increase in Social Security benefits will likely increase consumption and shift the aggregate demand curve to the right. A) True B) False 2. Because of the multiplier effect, an increase in government spending of $200 billion will in

  • 7 Pages 4407
    4407

    School: Boğaziçi University

    EC 102.03 PS 4 (Income and Expenditure) SPRING 2011 1. The marginal propensity to consume is consumption divided by disposable income. A) True B) False 2. If you expect to get a substantial raise six months from now, this will not affect your current cons

  • 5 Pages 4308
    4308

    School: Boğaziçi University

    EC 102.03 Problem Session 2 (Chapter 8) SPRING 2011 1. A nation's standard of living is determined by a. its productivity. b. its gross domestic product. c. its national income. d. how much it has relative to others. ANSWER: a. its productivity. 2. W hich

  • 4 Pages 4309
    4309

    School: Boğaziçi University

    EC 102.03 PS 3 (Savings, Investment and Financial Markets) SPRING 2011 1. Berkuts income exceeds his expenditures. Berkut is a a. saver who demands money from the financial system. b. saver who supplies money to the financial system. c. borrower who deman

  • 9 Pages 4310
    4310

    School: Boğaziçi University

    1. Which of the following is not always correct in a closed economy? A) Real GDP measures both income and expenditures. B) Net exports equal zero. C) Private saving equals investment. D) All the investment spending is financed domestically. E) National sa

  • 21 Pages 4312
    4312

    School: Boğaziçi University

    EC 102.03 Introduction to Macroeconomics Lecture Notes 4 Ch 11 Income and Expenditure Textbook: Macroeconomics, Krugman and Wells 1 1 of 45 The Multiplier: Numerical Example Rounds of Increases of Real GDP When MPC = 0.6 2 of 45 Disposable Income and Cons

  • 5 Pages 4316
    4316

    School: Boğaziçi University

    EC 102.03 PS 3 (Savings, Investment and Financial Markets) SPRING 2011 1. Berkuts income exceeds his expenditures. Berkut is a a. saver who demands money from the financial system. b. saver who supplies money to the financial system. c. borrower who deman

  • 32 Pages 4352
    4352

    School: Boğaziçi University

    A Note on Macroeconomic Variables and Time Horizon Real Variables vs. Nominal Variables Long- Run vs. Short-Run 1 1 of 58 The Aggregate Demand Curve Ag g re g ate pric e le ve l (GDP d e flato r, 2000 = 100) 8.9 1933 A m ove m e nt down the AD curve le ad

  • 11 Pages 4360
    4360

    School: Boğaziçi University

    EC102.03 NAME: _ Spring 2011 _ ID #: MIDTERM EXAM I 1. The Boeing Corporation buys $3 million worth of steel from the Steel manufacturers, $2.5 million worth of computerized hardware and software, and $1 million worth of mechanical tools to manufacture a

  • 8 Pages 4392
    4392

    School: Boğaziçi University

    EC 102.03 PS 5 (Aggregate Demand and Aggregate Supply) SPRING 2011 1. An increase in Social Security benefits will likely increase consumption and shift the aggregate demand curve to the right. A) True B) False 2. Because of the multiplier effect, an incr

  • 5 Pages 4307
    4307

    School: Boğaziçi University

    EC 102.03 Problem Session 1 (Chapter 7) SPRING 2011 1. In an economy consisting of only households and firms, GDP can be computed by a. adding up the total expenditures of households. b. adding up the total income paid by firms. c. Either a or b are corre

  • 1 Page P.S. 2
    P.S. 2

    School: Boğaziçi University

    EC 102 Spring 2009 Problem Session #2 (Chapter 8): 1) Krugman and Wells, Ch 8, Q2 Rule of 70 2) Krugman and Wells, Ch 8, Q3 Productivity 3) Krugman and Wells, Ch 8, Q5 Aggregate Production Function 4) Krugman and Wells, Ch 8, Q9 Growth Rates 5)

  • 80 Pages KRUGMAN_WELLS_MACRO_CHAPTER19
    KRUGMAN_WELLS_MACRO_CHAPTER19

    School: Boğaziçi University

    chapter 19 > Open-Economy Macroeconomics EURO DILEMMAS T O JOIN OR NOT TO JOIN, THAT IS Part of the answer is national pride: if Britain gave up the pound, it would also have to give up currency that bears the portrait of the queen. But there ar

  • 8 Pages MACROECONOMICS CONTENTS
    MACROECONOMICS CONTENTS

    School: Boğaziçi University

    BRIEF CONTENTS preface vi part 1 What Is Economics? chapter 14 Monetary Policy 342 introduction The Ordinary Business of Life 1 chapter 1 First Principles 5 chapter 2 Economic Models: Trade-offs and Trade 20 appendix Graphs in Economics 41 part

  • 25 Pages KRUGMAN_WELLS_MACRO_CHAPTER18
    KRUGMAN_WELLS_MACRO_CHAPTER18

    School: Boğaziçi University

    Krugman_Wells_CH18Macro 8/29/05 6:14 PM Page 406 chapter 1 8 What you will learn in this chapter: > International Trade A R O S E B Y A N Y O T H E R N AT I O N G IVING YOUR BELOVED ROSES ON shire, where he denounced imports of South American roses as a t

  • 21 Pages KRUGMAN_WELLS_MACRO_CHAPTER13
    KRUGMAN_WELLS_MACRO_CHAPTER13

    School: Boğaziçi University

    > Money, Banking, and the Federal Reserve System A WA G G O N - WAY T H R O U G H T H E A I R T fangled money. he birth of economics as a discipline is usually dated to 1776, when Adam Smith published The Wealth while freeing up that gold and silver for o

  • 26 Pages KRUGMAN_WELLS_MACRO_CHAPTER12
    KRUGMAN_WELLS_MACRO_CHAPTER12

    School: Boğaziçi University

    > Fiscal Policy A BRIDGE TO PROSPERITY? 1 2 though on a smaller scale. Indeed, many countries attempt to manage aggregate demand by using discretionary fiscal policy. Governments also adjust taxes in an attempt to manage aggregate demand. They may reduce

  • 1 Page KRUGMAN_WELLS_MACRO_CHAPTER11_APPENDIX
    KRUGMAN_WELLS_MACRO_CHAPTER11_APPENDIX

    School: Boğaziçi University

    > Chapter 11 Appendix: Deriving the Multiplier Algebraically This appendix shows how to derive the multiplier algebraically. First recall that in this chapter planned aggregate spending, AEPlanned is the sum of consumer spending, C, which is determined by

  • 23 Pages KRUGMAN_WELLS_MACRO_CHAPTER11
    KRUGMAN_WELLS_MACRO_CHAPTER11

    School: Boğaziçi University

    > Income and Expenditure B E A PAT R I O T A N D S P E N D 11 A Clinton. FTER THE TERRORIST ATTACKS ON in recession, mainly because of a 14% drop in real investment spending. A plunge in consumer spending would have greatly deepened the recession. Fortuna

  • 33 Pages KRUGMAN_WELLS_MACRO_CHAPTER10
    KRUGMAN_WELLS_MACRO_CHAPTER10

    School: Boğaziçi University

    chapter 10 > Aggregate Supply and Aggregate Demand SHOCKS TO THE SYSTEM O n November 4, 1979, militant Iranian students seized the U.S. embassy in Tehran, taking 52 the hard-hit auto industry, the unemployment rate rose to over 16%. But if the economic sl

  • 26 Pages KRUGMAN_WELLS_MACRO_CHAPTER14
    KRUGMAN_WELLS_MACRO_CHAPTER14

    School: Boğaziçi University

    chapter 4 > Monetary Policy EIGHT TIMES A YEAR w HEN THE FOMC TALKS, PEOPLE clues to the future stance of monetary policy. A careful reading of FOMC statements, where seemingly minor changes in wording can be highly significant, can help predict whether m

  • 80 Pages KRUGMAN_WELLS_MACRO_CHAPTER17
    KRUGMAN_WELLS_MACRO_CHAPTER17

    School: Boğaziçi University

    > The Making of Modern Macroeconomics PURGE THE ROTTENNESS? 17 A GGRESSIVE MONETARY POLICY, port of the President, can reduce Yet todays consensus about monetary policy didnt always exist. There was a time when many economists opposed any effort

  • 80 Pages KRUGMAN_WELLS_MACRO_CHAPTER06
    KRUGMAN_WELLS_MACRO_CHAPTER06

    School: Boğaziçi University

    chapter 6 TABLE 6-1 2000 starting salary $165,500 160,000 156,000 142,500 149,500 2002 starting salary $138,100 134,600 124,500 123,600 122,100 2004 starting salary $150,000 147,500 144,000 142,500 135,000 Median Starting Salaries of New MBAs from

  • 80 Pages KRUGMAN_WELLS_MACRO_CHAPTER07
    KRUGMAN_WELLS_MACRO_CHAPTER07

    School: Boğaziçi University

    > Tracking the Macroeconomy AFTER THE REVOLUTION I N DECEMBER 1975 THE GOVERNMENT visiting experts had to engage in a lot of educated guesswork: Portugals economic data collection had always been somewhat incomplete, and it had been further disrup

  • 1 Page P.S. 1
    P.S. 1

    School: Boğaziçi University

    Problem Session #1 1) Circular Flow question Ch 7- Q2 2) What components of Turkeys GDP would each of the following transactions affect? What would be the final effect of each of these on Turkeys GDP? Explain. a. Ali receives a Social Security (sosy

  • 51 Pages 5 Chapter 10
    5 Chapter 10

    School: Boğaziçi University

    EC 102 Ch. 10: Aggregate Demand and Aggregate Supply Short-Run Economic Fluctuations Economic activity fluctuates from year to year. In most years production of goods and services rises. On average over the past 50 years, production in the U.S. eco

  • 33 Pages 4 Chapter 9
    4 Chapter 9

    School: Boğaziçi University

    EC 102 Ch. 8: Savings, Investment Spending, and the Financial System What you will learn in this chapter: The relationship between savings and investment spending About the loanable funds market, which shows how savers are matched with borrowers T

  • 31 Pages 3 Chapter 8
    3 Chapter 8

    School: Boğaziçi University

    EC 102 Ch. 8: Long-Run Economic Growth What you will learn in this chapter: How long-run growth can be measured by the increase in real GDP per capita, how this measure has changed over time, and how it varies across countries Why productivity is

  • 51 Pages 2 Chapter 7
    2 Chapter 7

    School: Boğaziçi University

    EC 102 Ch. 7: Tracking the Economy Transactions: The Circular-Flow Diagram The circular-flow diagram is a model that represents the transactions in an economy by flows around a circle. Circular-Flow of Economic Activities Economic Agents: Househol

  • 43 Pages 1 Intro. and Chapter 6
    1 Intro. And Chapter 6

    School: Boğaziçi University

    EC 102 Introduction and Ch. 6 Syllabus How to reach the instructor: By e-mail: burcay.erus@boun.edu.tr By phone from the office: 359 7638 After the class or by appointment Office Hours: Wednesday 10-12 Textbook: Macroeconomics by Krugman and Wells

  • 2 Pages KRUGMAN_WELLS_MACRO_CHAPTER12_APPENDIX
    KRUGMAN_WELLS_MACRO_CHAPTER12_APPENDIX

    School: Boğaziçi University

    > Chapter 12 Appendix: Taxes and the Multiplier In the chapter, we described how taxes reduce the size of the multiplier and act as an automatic stabilizer for the economy. Lets look a little more closely at the mathematics of how this works. Specif

  • 80 Pages KRUGMAN_WELLS_MACRO_CHAPTER09
    KRUGMAN_WELLS_MACRO_CHAPTER09

    School: Boğaziçi University

    chapter 9 > Savings, Investment Spending, and the Financial System A HOLE IN THE GROUND B ETWEEN 1987 AND 1994, A LARGE the Chunnel, gets you from downtown London to downtown Paris in three hours. How could such a massive investment be financed

  • 80 Pages KRUGMAN_WELLS_MACRO_CHAPTER08
    KRUGMAN_WELLS_MACRO_CHAPTER08

    School: Boğaziçi University

    chapter 8 > Long-Run Economic Growth T H E B A D O L D D AY S I N 1999 BRITISH PUBLIC TELEVISION Yet old-fashioned discomfort isnt ancient history. Today, most of the worlds population still has a standard of living far worse than that of the Bo

  • 25 Pages KRUGMAN_WELLS_MACRO_CHAPTER15
    KRUGMAN_WELLS_MACRO_CHAPTER15

    School: Boğaziçi University

    chapter 1 5 > Labor Markets, Unemployment, and Inflation M T W O PAT H S T O U N E M P L O Y M E N T ICHAEL WATSON, A SOFTWARE sending out between 50 and 75 rsums, he has had few bites to date. In North Carolina, there are more jobs than there were a few

  • 22 Pages KRUGMAN_WELLS_MACRO_CHAPTER16
    KRUGMAN_WELLS_MACRO_CHAPTER16

    School: Boğaziçi University

    > Inflation, Disinflation, and Deflation H O U R LY WA G E S 16 Source: International Monetary Fund. I has n modern America, we complain about inflation when the overall level of prices rises a few percent over the that economists use as a rough dividing

  • 2 Pages 4193
    4193

    School: Boğaziçi University

    EC 308 Advanced Macroeconomics Spring 2011 Instructor: Murat Koyuncu E-mail: mkoyuncu@boun.edu.tr Office: NB212 Phone: (212) 359-7640 Teaching Assistant: TBA Lectures: Mondays 56, 13:00-14:50 at NH 102 Wednesdays 7, 15:00-15:50 at M1100 Office Hours: Tues

  • 17 Pages 4194
    4194

    School: Boğaziçi University

    EC 308 Lecture 2 (23/02/11) ADVANCED MACROECONOMICS Empirical Facts on Growth EC 308 Spring 2011 Lecture 2 23-02-2011 1/17 Measuring Economic Growth What is Gross Domestic Product (GDP)? A measure of all goods and services produced in a country Is equival

  • 21 Pages 4195
    4195

    School: Boğaziçi University

    Economic Growth http:/site.ebrary.com/lib/bogazici/docPrint.action?encrypted=816e84a. Barro, Robert J.; Sala-i-Martin, Xavier. Economic Growth. Cambridge, MA, USA: MIT Press, 2003. p 1. http:/site.ebrary.com/lib/bogazici/Doc?id=10225267&ppg=20 Copyright 2

  • 15 Pages 4249
    4249

    School: Boğaziçi University

    Review of Radical Political Economics / / Golden Age ARTICLE 10.1177/0486613402250173 Thompson Winter 2003 versus Golden Rule Golden Age versus Golden Rule: Capitalists versus Workers in Growth Theory FRANK THOMPSON Department of Economics, University of

  • 2 Pages 4253
    4253

    School: Boğaziçi University

    EC 308 Spring 2011 Murat Koyuncu 9/3/2011 PROBLEM SET 1 (Due Date: 21 March 2011, Before class starts) NOTE: Each student is required to work on this problem set individually. Q1. Consider the Harrod-Domar model discussed in the lecture (Refer to your lec

  • 2 Pages 4325
    4325

    School: Boğaziçi University

    EC 308 Spring 2011 Murat Koyuncu 24/03/2011 PROBLEM SET 2 (Due Date: 30 March 2011, Before class starts) NOTE: Each student is required to work on this problem set individually. Q1. Explain what Thompson means when he uses the term Golden Age in his 2004

  • 2 Pages 4381
    4381

    School: Boğaziçi University

    > @ ! G W W W W! E J W W W

  • 3 Pages 4402
    4402

    School: Boğaziçi University

  • 2 Pages 4486
    4486

    School: Boğaziçi University

    G > @ J > @ J E G E D D D ! G > @ > @ E W W W W

  • 80 Pages lecture3
    Lecture3

    School: Boğaziçi University

    Motivation Financial markets are becoming ever more integrated which result in frequent comovements of stock price indices in emerging and developed countries. (Shiller, 1989; Epps, 1979; Bekaert, Hodrick and Zhang , 2009; Morana, 2008, etc.) Coupled with

  • 1 Page lecture2
    Lecture2

    School: Boğaziçi University

    Open Economy Macroeconomics Lecture Notes Part 2 Ozan Hatipoglu Department of Economics, Bogazici University Spring 2011 Ozan Hatipoglu (CEE) Open Economy Macroeconomics Spring 2011 1 / 70 Perfect foresight w W= P1 e g(N) w1 W= P0 e g(N) w0 W= P1 f(N) W=

  • 334 Pages lecture1
    Lecture1

    School: Boğaziçi University

    Open Economy Macroeconomics Lecture Notes Part 1 Ozan Hatipoglu Department of Economics, Bogazici University Spring 2011 Ozan Hatipoglu (CEE) Open Economy Macroeconomics Spring 2011 1 / 92 Foreign Exchange (FX) Markets Denition, Functions and Features Den

  • 5 Pages 445-hw3-solutions
    445-hw3-solutions

    School: Boğaziçi University

    CMPSCI 445 Homework 3 SOLUTIONS 100 Points Due October 1st, 5pm. Typed solutions preferred. If hand-written, solutions must be legible. 1. (30 pts) More on SQL Consider a database consisting of these three tables: Suppliers(sid: integer, sname: varchar(50

  • 18 Pages ch14a
    Ch14a

    School: Boğaziçi University

    Informal Design Guidelines for Relational Databases Relational database design: The grouping of attributes to form "good" relation schemas Two levels of relation schemas: The logical "user view" level The storage "base relation" level Design is concerned

  • 1 Page sample midterm1
    Sample Midterm1

    School: Boğaziçi University

    Economics 360B: Microeconomic Theory State University of New York at Binghamton Department of Economics Spring, 2007 Midterm I Version A The exam is worth 100 points. Each question (six questions on one page) is of equal value. There will be no communicat

  • 41 Pages 4569
    4569

    School: Boğaziçi University

    chapter: 18 > Open-Economy Macroeconomics Krugman/Wells 2009 Worth Publishers 1 of 49 WHAT YOU WILL LEARN IN THIS CHAPTER The meaning and measurement of the balance of payments The determinants of international capital flows The role of the foreign exch

  • 41 Pages 4570
    4570

    School: Boğaziçi University

    WHAT YOU WILL LEARN IN THIS CHAPTER The various roles money plays and the many forms it takes in the economy. How the actions of private banks and the Federal Reserve determine the money supply. How the Federal Reserve uses open-market operations to chang

  • 13 Pages central (1)
    Central (1)

    School: Boğaziçi University

    Central bank balance sheets and fiscal operations John Hawkins1 1. Introduction For a private corporation, or a commercial bank, accounting data are a means by which management accounts to shareholders for its performance. In these cases performance is me

  • 13 Pages central
    Central

    School: Boğaziçi University

    Central bank balance sheets and fiscal operations John Hawkins1 1. Introduction For a private corporation, or a commercial bank, accounting data are a means by which management accounts to shareholders for its performance. In these cases performance is me

  • 12 Pages derivatives
    Derivatives

    School: Boğaziçi University

    DERIVATIVES (Wikipedia) In finance, derivatives is the collective name used for a broad class of financial instruments that derive their value from other financial instruments (known as the underlying), events or conditions. Derivatives are usually broadl

  • 10 Pages fx
    Fx

    School: Boğaziçi University

    3 articles from the Forbes Website 1) Common Questions About Currency Trading by Boris Schlossberg Although forex is the largest financial market in the world, it is relatively unfamiliar terrain to retail traders. Until the popularization of internet tra

  • 2 Pages 4528
    4528

    School: Boğaziçi University

    EC 308 Spring 2011 Murat Koyuncu 15/05/2011 PROBLEM SET 5 (Due Date: 25 May 2011, Before class starts) NOTE: Each student is required to work on this problem set individually. Any two problem sets with too similar answers will get zero. There will not be

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