Macroeconomics Spring 2016 Problem Set #3
Short Answer
1. At 2% interest what is the future value of $2000 in 9 years?
2. At 3% interest what is the present value of $700 in 12 years?
3. For each of the following, indicate if the person would be classifie
CFA level 1 notes
Contents
Book 1 Ethics and Professional Standards and Quantitative Methods.3
Reading 1.3
Standard : Professionalism.3
Standard : Integrity of Capital Markets.6
Standard : Duties to Clients.7
Standard : Duties to Employers.10
Standard Inv
Macroeconomics Spring 2016 - Problem Set #1
1) Figure 4.22 shows the market for macaroni:
Figure 4.22
(a) What is the equilibrium price and quantity?
(b) At what price shown on the graph would there be a shortage for macaroni? What would be the size of
th
Macroeconomics Spring 2016 - Problem Set #3
1. $2000*(1.02)9 = $2390.19
2. At 3 percent the present value of $700 in twelve years is $700/(1.03)12 = $490.97.
3. a. not in the labor force
b. unemployed
c. employed
d. not in the labor force
4. a. 450,000
b.
Macroeconomics Spring 2016- Problem Set #4
Short Answer
1. Assuming all other things equal, what would happen to the U.S. dollar real exchange rate under each of the
following circumstances?
a.
The U.S. nominal exchange rate depreciates.
b.
U.S. domestic
World History I
HIST 100 (Prof. Heisser)
San Diego Mesa College
NAME_
The Birth of Islam & Its Expansion into Empire
(Chapter 13 [5th edition black cover]
/Chapter 14 [4th and 3rd editions])
570 - 632 CE
life of the Prophet Muhammad - He was born into a m
Macroeconomics Spring 2016 Problem Set #1 Answer Key
1. a. $.50 and 500
b. $.25 and 600
c. $.75 and 600
2.
a.
A change in supply refers to a shift of the supply curve. A change in quantity supplied
refers to a movement along a fixed supply curve.
b.
A cha
CHAPTER 14 (Chapter 16, black cover
version):
Commonwealth of Byzantium/Byzantine
Empire
[This outline will correspond to CHAPTER 16: Two Worlds of Christendom
for those of you who have the black cover version of Traditions and
Encounters, Volume I]
BYZAN
Macroeconomics Spring 2016 - Problem Set #4
Answer Key
1.a.
b.
c.
The U.S. dollar real exchange rate depreciates.
The U.S. dollar real exchange rate appreciates.
The U.S. dollar real exchange rate depreciates.
2. The purchase of a foreign good by a U.S. r
Econ 500 Fall 2016
Assignment 2
Student_
1) By using the Lagrangean method, construct the total cost function of a firm with the
production function q=K0.5 L0.75 facing a wage rate of w and rental rate of capital r. (10 points)
2) Describe and illustrate
Econ 500 Fall 2016
Assignment 1
Student_Zehui Jia_
Question 1. (10 points)
a. Show that the CES function
is homothetic.
b. Discuss the significance of the cases = 1 and = 0.
c. Show that the MRS is strictly diminishing for all values of < 1.
d. Show that
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Quiz 1 material
Bread/wheat example: why there was a shortage of wheat but no shortage of bread
Water/diamond paradox
New Zealand tariff example: why a big country gains from a tariff while a small one
loses
Quantity Theory vs. real bills view of money, p
66Economics 500
TEXT:
Microeconomic Theory
Mike Sproul
Nicholson: Microeconomic Theory: Basic Principles and Extensions 11/e (Older editions OK)
An online study guide and a partial online text are available in the External Links section of our
Class websi
MacroeconomicsSpring 2016- Problem Set #2
Short Answer
1. Year
2013
2014
2015
Price Milk
$3
3.25
3.50
Quantity Milk Price Honey
10
$5
14
6
12
7
Quantity Honey
50
150
140
Use the table above to answer the following questions. SHOW YOUR WORK.
a. Compute nom
Macroeconomics Spring 2016 - Problem Set #2
Answer Key
1. a. Nominal GDP 2013 is $280, in 2014 it is $945.50, in 2015 it is $1,022.
Real GDP 2013: $280, 2014: $792, 2015: $736.
GDP deflator 2013 is (280/280)*100 =100, in 2014 is (945.5/792)*100 = 119.38,
Quiz 1 material
Gas line example of the effects of price ceilings
Bread/wheat example: why there was a shortage of wheat but no shortage of bread
SF quake example, why the quake did not cause a housing shortage
Minimum wages and labor surpluses
Brazilian
Week #1 (Aug. 22 &24, 8:00-9:50am )
Name: Chang Cui
Topic:
Economic Models, Supply and Demand
Main point:
A price ceiling set below the market equilibrium price
causes a shortage, which is supported by real world
examples.
ECON 500 Week 1
ECON 500 Microeconomic Theory
Week 1
Preliminaries
ECON 500 Week 1
Microeconomic
Theory
In economics, explanation and prediction are based on theories. Theories
are developed to explain observed phenomena in terms of a set of basic
rules a
ECON 500
ECON 500 Microeconomic Theory
Econ 500 - Microeconomic Analysis and Policy
Monopoly
ECON 500
Monopoly
A monopoly is a single firm that serves an entire market and faces the
market demand curve for its output.
Unlike the perfectly competitive firm
ECON 500
ECON 500 Microeconomic Analysis and Policy
Consumer Theory
ECON 500
Consumer Theory
A theory of how consumers allocate incomes among different goods and
services to maximize their well-being.
Part I
Part II
Part III
Preferences and Utility
Constr
ECON 500
ECON 500 Microeconomic Analysis and Policy
Producer Theory
ECON 500
Producer Theory
A theory of how firms coordinate the transformation of inputs into outputs
with a goal of maximizing profits in the meantime.
Part I
Part II
Part III
Production F
ECON 500
ECON 500 Microeconomic Analysis and Policy
MARKET FAILURES
Asymmetric Information
Externalities
Public Goods
ECON 500
Markets can and do fail to achieve the efficiency and welfare ideals
that we have presented thus far.
Asymmetric Information pre
USC Dornsife
Collage of Letters, Arts and Science
Econ 500 Microeconomic Analysis and Policy
4 Units | Fall 2016
Tue, Thu 12-1:50 GFS 207
Instructor: Ergin Bayrak
Office: KAP 116C
Office Hours: Mon, Wed 2-3:30 and by apointment
[email protected] | http:/www
Quiz 2 material
The IEP, Engel curvegraph and math derivation, income elasticity
The IEP, Engel curve, PEP, and demand curvesgraph and math derivation, price elasticity
Production: TP, AP, MPvarious shapes of these curves
Coase and the nature of the Firm
SAMPLE QUESTIONS
1. All firms in an industry are earning negative economic profit. Use two diagrams, one for the industry and one for a representative firm in
that industry, how competition will force economic profit to rise to zero for all firms in the i
Economics 281A / Management 209
International Trade: Theory and Evidence
Community Indifference Curves
U(X) = U(X) if there is a way of distributing X and X such that all individuals are equally well off.
Construction of Community Indifference Curves with
1
Homogenous and Homothetic Functions
Reading: [Simon], Chapter 20, p. 483-504.
1.1
Homogenous Functions
Definition 1 A real valued function f (x1 , ., xn ) is homogenous of degree k
if for all t > 0
f (tx1 , ., txn ) = tk f (x1 , ., xn ).
(1)
Examples.
a
SAMPLE QUESTIONS:
1. A consumers utility function is given by U=xy, for two goods x and y. The consumer has an income of
$160. The price of x is $16 per unit and the price of y is $1 per unit.
a.Solve for the optimal consumption of x and y and sketch the