1 Econ. 102. Chapter 4. Money, Inflation, Interest Rate, Quantity Theory of Money 1. The cost of living is the number of dollars it takes to buy the goods and services that achieve a given standard of living. A rising cost of living, which is called infla
Econ. 102. Homework 9. Due: May 3, 2010 *. 1. Show your derivation and calculation explicitly. 2. Use the ruler to draw graphs. (Also show the scale explicitly). 3. E-mail submission of your answer will not be accepted. 4. Do not copy someone else's answe
Econ. 102. Homework 7. Due: April 19, 2010. *. 1. Show your derivation and calculation explicitly. 2. Use the ruler to draw graphs. (Also show the scale explicitly). 3. E-mail submission of your answer will not be accepted. 4. Do not copy someone else's a
Econ. 102. Homework 2. Due: March 1, 2010. [1. Honor the due date. 2 No e-mail submission.] NGM (N. Gregory Mankiw) points out that GDP, CPI and the unemployment rate quantify the performance of the economy in the standard of living, cost of living and bu
Fine arts in Solow model: a clarification
Jason (Jen-Shan) Kao
Taiwan Institute of Economic Research
Yeung-Nan Shieh
Department of Economics, San Jose State University
Abstract
This paper shows that the Saito version of Solow growth model contains an erro
Econ. 102. Homework 3. Due: March 8, 2010. (Honor the due date) *. 1. Show your calculation explicitly. Otherwise only partial credit will be given. 2. Use the ruler to draw graphs. (Also show the scale explicitly). 3. E-mail submission of your answer wil
Econ. 102. Homework 1. Due: 2/22/10. (Honor the due date) According to Mankiw To understand the economy, economists use models theories that simplify reality in order to reveal how exogenous variables influence endogenous variables. The art in the science
Econ. 102. Homework 5. Due: March 22, 2010. (no late answer) *. 1. Show your derivation and calculation explicitly. 2. Use the ruler to draw graphs. (Also show the scale explicitly). 3. E-mail submission of your answer will not be accepted. 4. Do not copy
Econ. 102. Homework 10. Due: Monday, May 17, 2010. *. 1. Show your derivation and calculation explicitly. 2. Use the ruler to draw graphs. (Also show the scale explicitly). 3. E-mail submission of your answer will not be accepted. 4. Do not copy someone e
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Econ. 102. Chapter 3: Classical Theory: The Economy in the Long-run of the economy, economists divide all the variables that describe macroeconomic performance into real variables and nominal variables: Real variables: RGDP, the real wage rate, the real
Econ. 102. Homework 6. Due: April 12, 2010. No late answer. *. 1. Show your derivation and calculation explicitly. 2. Use the ruler to draw graphs. (Also show the scale explicitly). 3. E-mail submission of your answer will not be accepted. 4. Do not copy
The Origin of Modern Macroeconomics Economists began to study long-run economic growth, inflation and international payments as long ago as the 1750s, and this work was the origin of macroeconomics. But modern macroeconomics did not emerge until the Great
1 Econ. 102. Chapter 2. Data of Macroeconomics: GDP, CPI and Unemployment 1. Economic activity arises from scarcity, i.e., the available resources are insufficient to meet all wants. Economics studies the choices people make to cope with scarcity. These c
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Econ. 102. Spring 2010 Review Questions for Final. *. 1. Final: Monday, May 24, 2010. 6:30pm 10:00 pm. 2. You can have 8 pages cheat sheets. 3. Please review your homework carefully. *. I. Consider a small country economy described by the following equa
Econ. 102. Homework 4. Due: Monday. March 15, 2010 (No late answer) *. 1. Show your calculation explicitly. 2. Use the ruler to draw graphs. (Also show the scale explicitly). 3. E-mail submission of your answer will not be accepted. 4. Do not copy someone
A Note on Chapter 3: The effects of a change of a, c, G and T on r Comparative static analysis is a basic method of analysis in economics. It begins by examining the equilibrium of the subject of analysis - the individual consumer, the market, the economy