Economics 82b: Macroeconomic Theory
Problem Set 1
Due February 3, 2014 at the beginning of class.
Problem 1: Growth rate rules.
Capital letters denote variables in the following sub-parts of the problem, and small
letters constants. Please use the followi
Economics 82b: Macroeconomic Theory, Spring 2014
Empirical Exercise 6
Due April 14, 2014, at the beginning of class during the first 10 minutes.
Please do not forget 1) to hand in a print-out of your typed-up answers and
graphs and 2) to upload your data
Economics 82b: Macroeconomic Theory, Spring 2014
Policy Exercise 4
Due March 17, 2014, at the beginning of class during the first 10 minutes.
Are poor countries catching up?
The Solow model predicts that, other things equal, poor countries (with lower Y/L
Economics 82b: Macroeconomic Theory, Spring 2013
Data Exercise 1
Sample Answers
Inflation in the US and Abroad
For this exercise, use the data set provided on Latte (data_exercise_1.xlsx). This data
set includes data on headline CPI, core CPI (US only), C
Solutions Problem Set 2
Economics 82b
Problem 2
There will be an immediate impact on consumer price inflation in Argentina because
of imported inflation: many imports will now become more expensive because
sel
Economics 82b: Macroeconomic Theory, Spring 2013
Data Exercise 3
Due March 4, 2013, at the beginning of class during the first 10 minutes.
Please do not forget 1) to hand in a print-out of your typed-up answers and
graphs and 2) to upload your data work i
Econ 80A
Monica Singhal
Assignment 7
Solutions
Assignment policy: Students are encouraged to work on assignments in small
groups of no more than four students. Assignments must be written up separately
and must include the names of the other g
Problem Set 1
K. Graddy
Intermediate Microeconomics
1)
Is there a difference between movements along the demand curve and shifts in the demand curve?
How would you explain this difference to someone who is confused about the issue?
2)
3)
Suppose a market
Economics 82b: Macroeconomic Theory, Spring 2012
Data Exercise 0 (Extra Credit)
Due January 30, 2014 at the beginning of class.
Empirical Exercise 0 Suggested Answers
GDP and Its Components
For this exercise, use the data set provided on Latte (data_for_e
Economics 82b: Macroeconomic Theory, Spring 2013
Empirical Exercise 2
GDP and International Growth Comparison
For this part, use the data set provided on Latte (data_for_exercise2.xlsx). This data set
includes GDP per capita for a few countries.
1. Pick f
Suggested Answers to Problem Set 3
Problem 1 - Price Stickiness
a. An example of a sticky price may be newspapers. Due to high fixed costs, menu costs, and other underlying
fundamental costs in newspaper production and marketing, the price of newspapers i
Outline
Empirical Evidence
Factor Price Equalization
Heckscher-Ohlin
The Leontief Paradox (US trade)
Subsequent results (US trade)
How does H-O hold up?
1
Do Factor Prices Equalize?
No, they do not
This is obvious from looking at wages around the
Midterm Exam I
Brandeis University ECON80A-3
Wednesday, March 4
Read the questions carefully. Select the best answer to each question. You should answer each and every question. EXPLAIN ALL ANSWERS
(including, but not limited to, the true and false questi
Gains from Capital Flows
Capital flows can generate gains from trade
Developed country (relatively capital abundant)
investors can earn higher returns
Developing countries (relatively capital scarce)
can develop more rapidly
Capital flows can increase
International Factor
Movements
Capital and Technology Flows
513-6
Migration
pp. 343-63
pp. 363-74
1
Introduction
So far, we have assumed
goods are mobile (traded)
factors of production are not mobile they do not
move between countries
We have focuse
Introduction
This topic provides an introduction to
The forward exchange market / forward rates
The relationship between forward and spot rates
The relationship between expectations about
future spot market prices and the forward rate
2
Introduction
Midterm Exam II Solutions
Brandeis University ECON80A-3
March 31, 2015
1 Part I: True/False & Explain (5 points each)
1.
Monopolistically competitive rms have market power.
True. Monopolistically competitive rms have market power,
largely because they sel
Introduction
A trade bloc is a group of nations that agree to freer
trade within the group than with outside nations
Trade blocs are a form of trade discrimination
This violates the most favored nation principle
Trade blocs are allowed under WTO rules
Midterm Exam II
Brandeis University ECON80A-3
Monday, March 30
Directions:
Read the questions carefully. Select the best answer to each ques-
tion. You should answer each and every question. EXPLAIN ALL ANSWERS
(including, but not limited to, the true and
Midterm Exam II Solutions
Brandeis University ECON80A-2
March 29, 2015
1 Part I: True/False & Explain (5 points each)
1. A rm in a perfectly competitive market has a total cost function of T C =
Q2 +24Q+30. The market price is $52. Thus, the rm's prot-max
Midterm Exam I Solutions
Brandeis University ECON80A-3
March 7, 2015
1 Part I: True/False & Explain (5 points each)
1. Consider the market for maple syrup. A maple tree disease becomes widespread,
killing thousands of maple trees. As a result, the equilib
Midterm Exam I Solutions
Brandeis University ECON80A-2
March 5, 2015
1 Part I: True/False & Explain (5 points each)
1. Consider the market for maple syrup. Pancake mix and maple syrup are
related goods. Suppose that the price of pancake mix doubles. The e
ECON 80A: Intermediate Microeconomics
Prof. Benjamin Shiller
Problem Set 8
Solutions
Problem I
1. When Mary was born her parents put $800 in a bank account for her that earned 5% annual
interest to be compounded annually. Her parents left the account alon
Problem I
Josies Pussycats sells ceramic kittens. The marginal cost of producing a particular kitten
depends on how many kittens Josie produces, and is given by the formula MC = 0.8Q. thus, the
first kitten Josie produces has a marginal cost of $0.80, the
ECON 80A: Intermediate Microeconomics
Prof. Benjamin Shiller
Problem Set 6 Solutions
Problem I
You are the owner of a nail salon. Your female customers price elasticity of demand for
manicures is -2.5; your male customers price elasticity of demand for ma
Econ 80A
Monica Singhal
Assignment 7
Due in class on Monday, December 7
Assignment policy: Students are encouraged to work on assignments in small
groups of no more than four students. Assignments must be wr
Econ 80A
Monica Singhal
Assignment 6
Solutions
Assignment policy: Students are encouraged to work on assignments in small
groups of no more than four students. Assignments must be written up separately
and must include the names of the other g
Econ 80A
Monica Singhal
Assignment 2
Solutions
Assignment policy: Students are encouraged to work on assignments in small
groups of no more than four students. Assignments must be written up separately
and must include the names ofthe other group members.
Econ 80A
Monica Singhal
Assignment 4
Due in Class on Wednesday October 14, 2015
Assignment policy: Students are encouraged to work on assignments in small
groups of no more than four students. Assignments must be written up separately
and must