Due 10/26/11, Wednesday
1. Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent, while
nominal interest rates in the same three periods are 5 percent, 5 percent and 6 percent,
a. What a
Two economies are identical except that the level of capital per worker is higher in
Highland than in lowland. The production functions in both economies exhibit
diminishing marginal product of capital. An extra u
University of Oregon
Department of Economics
Fall Term 2011
ECN 313: Intermediate Macroeconomic Theory
Office: 455 PLC
Office Hours: Tuesday 9:00 to 10:00 AM, Thursday 9:00 to 10:00 AM
1. All of the following transactions that took place in 2009 would be included in GDP for
2009 except the purchase of a:
book printed in 2009, entitled The year 3000.
2001 Jeep Cherokee.
year 2010 calen
Assume that the real wage in an economy is held above equilibrium by a minimum wage law.
a. Graphically illustrate how an increase in the supply of labor will change the number of
Due 10/12/11, Wednesday
1. Build a model of supply and demand for bikes. Include at least one variable in each
equation that would shift the curve. Be sure to include a graph of your model, and
identify the exogenous and endo
Due Monday, 1/5/11 at 10:00 am.
Assume the following model of the economy, with the price level fixed at 1.0 :
= 800 20
= 0.4 40
A) Write a numerical formula for the IS curve, showing Y as a