Department of Economics
University of Maryland
Economics 325 Intermediate Macroeconomic Analysis MIDTERM EXAM Professor Orhan Torul Summer I 2010 June 21, 2010
NAME:
Time: 2 Hours
Exam has a total of four (4) problems and pages numbered one (1) through th
CONSULTING PROJECT
Estimation and Analysis of Demand for Fast Food Meals
You work for PriceWatermanCoopers as a market analyst. PWC has been hired by the owner of
two Burger King restaurants located in a suburban Atlanta market area to study the demand fo
Department of Economics
University of Maryland
Economics 325 Intermediate Macroeconomic Analysis MIDTERM EXAM Professor Orhan Torul Summer I 2010 June 21, 2010
NAME:
Time: 2 Hours
Exam has a total of four (4) problems and pages numbered one (1) through th
Department of Applied Economics
Johns Hopkins University
Economics 602 Macroeconomic Theory and Policy Midterm Exam Professor Sanjay Chugh Spring 2009 March 9, 2009
NAME:
The Exam has a total of four (4) problems and pages numbered one (1) through twelve
Department of Applied Economics
Johns Hopkins University
Economics 602 Macroeconomic Theory and Policy Midterm Exam Suggested Solutions Professor Sanjay Chugh Summer 2010
NAME:
Each problems total number of points is shown below. Your solutions should con
Chapter 7 Ricardian Equivalence and Crowding Out
An issue that periodically receives much media attention is whether government spending and taxation decisions affect market interest rates. This issue was most recently in the news in the early 2000s when
Chapter 8 Infinite-Period Representative Consumer and Asset Pricing
Macroeconomic models, at least those based on micro-foundations, used in applied research and in practice assume that there is an infinite number of periods, rather than just two as we ha
Chapter 9 Preference Shocks
We have derived the consumption demand curve and the labor supply curve in the context of the consumption-leisure model. Specifically, by varying either the wage or the price of consumption (and holding the other constant), we
Chapter 10 Supply-Side Economics
The backward-bending labor supply curve of the consumption-leisure model is one basis for a school of macroeconomic policy thought known as supply-side economics.58 Its basic premise is that tax cuts would unlock a tremend
Chapter 11 The Phillips Curve
One recurring stylized feature of short-run macroeconomics is a negative relationship between the inflation rate and the unemployment rate. Despite its seeming regularity in the data, there has been and remains considerable d
Chapter 12 New Keynesian Economics
The two current leading views of business cycles are Real Business Cycle (RBC) Theory and New Keynesian Economics. Each of these schools of thought has a rich history marked by frequent vigorous debate between them. Whil
Chapter 6 Firms: Labor Demand, Investment Demand, and Aggregate Supply
We have studied in depth the consumers side of the macroeconomy. We now turn to a study of the firms side of the macroeconomy. Continuing with our representative agent paradigm, we sup
Chapter 5 Intertemporal Consumption-Leisure Model
We have now studied the consumption-leisure model as a one-shot model in which individuals had no regard for the future: they simply worked to earn income, all of which they then spent on consumption right
Chapter 4 Inflation and Interest Rates in the Consumption-Savings Model
The lifetime budget constraint (LBC) from the two-period consumption-savings model is a useful vehicle for introducing and analyzing the important macroeconomic relationship between i
Chapter 3 The Consumption-Savings Model
We just studied the consumption-leisure model as a one-shot model in which individuals had no regard for the future: they simply worked to earn income, all of which they then spent on consumption right away, putting
Chapter 2 Static Consumption-Leisure Model
In our study of consumer theory thus far, we have simply assumed that an individual has some given amount of labor income, which we denoted by Y , to spend on consumption goods. Doing so allowed us to focus atten
Chapter 13 Real Business Cycle Theory
Real Business Cycle (RBC) Theory is the other dominant strand of thought in modern macroeconomics. For the most part, RBC theory has held much less sway amongst policy-makers than has New Keynesian theory. Among theor
ECON 325 Intermediate Macroeconomic Analysis Sample Questions Midterm 2
Fall 2009 Prof. Boragan Aruoba Note that most of these questions are from ECON 305 which did not require any math.
Multiple-Choice Questions
1. Consider an increase in the real intere
Chapter -1
Mathematical Refresher
The concept of a function is a very general and powerful one. A function is a
mathematical object that serves as a fundamental tool in many fields of analysis. We will
not here give a rigorous or comprehensive treatment o
Department of Applied Economics
Johns Hopkins University
Economics 602
Macroeconomic Theory and Policy
Problem Set 1 Suggested Solutions
Professor Sanjay Chugh
Fall 2009
1. Partial Derivatives. For each of the following multi-variable functions, compute t
Department of Applied Economics
Johns Hopkins University
Economics 602
Macroeconomic Theory and Policy
Syllabus
Professor Sanjay Chugh
Fall 2009
Meetings: Mondays, 6:00pm-8:45pm
Email address: [email protected]
Course website: www.skchugh.com (through t
Department of Applied Economics
Johns Hopkins University
Economics 602
Macroeconomic Theory and Policy
Problem Set 1
Professor Sanjay Chugh
Fall 2009
1. Partial Derivatives. For each of the following multi-variable functions, compute the
partial derivativ
Department of Economics
Boston College
Economics 202 (Section 05)
Macroeconomic Theory
Practice Problem Set 1 Suggested Solutions
Professor Sanjay Chugh
Fall 2013
1. Partial Derivatives. For each of the following multi-variable functions, compute the
part