Midterm Review
Summer 2014
1
Chapter 1
1. Explain why labor economics is justied as a special eld of inquiry
2. Describe how the economic perspecitve can be applied to analysis of labor markets
Chapter 2
3. graph an indierence map for a person who values
Short Answer
Quiz 3 Solution
1.
What are the key assumptions of the Lewis model that give rise to its conclusions? How
would the theorys conclusions differ if these assumptions do not hold?
Answer: There may be a variety of answers depending
Quiz 4 Solution
Short Answer
1. Explain what is meant by the term coordination failure and provide an example.
Answer: This is a state of affairs in which agents are unable to coordinate their efforts,
and hence end up in an equilibrium that leaves th
Economics 350
Labor Economics
Midterm Exam
Key
July 3, 2014
Name:
Student ID Number:
INSTRUCTIONS
1. Do not open the exam or look inside until you are told. I want to make sure
that everyone is on an even footing with regards to time.
2. Write your name i
Exam
Name_
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) The government should extend the duration of unemployment benets to those workers who
lost their jobs due to outsourcing. This statement i
Quiz 2 Solution
Short Answer
1.
Explain why purchasing power parity measures of income levels tend to show a smaller
difference between poor and rich countries.
Answer: PPP measures show the number of units of developing country currency
requ
Quiz 1 Solution
Short Answer
1. Provide a definition of development economics.
Answer: The study of how economies are transformed from stagnation to growth and
from low-income to high-income status, and overcome problems of absolute
poverty.
2. Please
SUNY-Binghamton
Fall 2014
Student name
_
Economics 450, Monetary Economics
First midterm
No calculators. Point value of each question is indicated. Total points on the exam: 85. If I ask you to explain
your answer, your grade for the question will depend
SUNY-Binghamton
Spring 2015
Student name
_
Economics 450, Monetary Economics
Midterm
No calculators. Point value of each question is indicated. Total points on the exam: 120. Good luck!
1) 5 pts. What is the yield to maturity on a zero-coupon bond that wi
Spring 2007, Econ 466
Final Examination
Total: 100 points, Time: 2 hours
Answer all questions. Write clearly and legibly. Good Luck!
1. Consider the following linear regression model often known as the Classical Linear
Regression Model
Yt 0 1 X t ut , t =
EC 350 Winter 2017 Midterm Review
This review sheet is not meant to be 100% complete, just a guide
Chapter 1: Not much (main concepts: relative scarcity, adaptability)
Chapter 2: [L=leisure, H=hours of work, L+H=24, Y=income, W=wage, Y=W*H,
IC=i
Homework 4
1
Due Thursday, December 5th by the beginning of class
Instructions: Homework must be written up individually, though you are allowed to work with
your fellow students. Use math, graphs, or words to support your answers. Please write legibly an
Homework 2
1
Due Thursday, October 31st by the beginning of class
Instructions: Homework must be written up individually, though you are allowed to work with
your fellow students. Use math, graphs, or words to support your answers. Please write legibly an
EC 350 Winter 2017 Assignment #3 due 3/7/17 at noon
You may work in groups but you must hand in your own work (no
photocopies). Please label all graphs and write out formulae, etc.
1) You are able to work in groups on this assignment. Assuming all
m
Practice Final Exam
Economics 350
Name:
1
Multiple Choice (2pts each)
1. Because there is a
marginal rate of substitution of fringe benets for wages,
a workers wage-fringe indierence curves are typically
:
a) diminishing; convex to the origin
b) constant;
FIELDS OF STUDY AND CAREER PATHS IN ECONOMICS
FIELDS OF STUDY
Urban and Regional Economics
Issues include urban growth policies, land use,
slums and urban renewal, transportation, and crime.
Resource and Environmental Economics
Issues include exhaustion o
Final Exam Topics
1
The nal exam will not be directly comprehensive. However, knowledge of previous
chapters is necessary to complete some problems. Ex. Problems from Chapter 6 require
knowledge from Chapter 5.
6. Wage determination and the Allocation of
Homework 3
1
Due Thursday, 14 November at the beginning of class
Instructions: Homework must be written up individually, though you are allowed to work with your fellow
students. Use math, graphs, or words to support your answers. Please write legibly and
Homework 1
1
Due Thursday, October 10th at the beginning of class
Instructions: Homework must be written up individually, though you are allowed to work with
your fellow students. Use math, graphs, or words to support your answers. Please write legibly an
1. COI/lbiuei
A? l of w fatten/W as we;
PiecP/ [4665
Commission 56 fogdm
Ram. X (Matias/3
gamma
grogfb 940/604 _
Egwjvva/ Cowl) m aeld
Tourmamient [My
Ejmmcg/ Mag/5
U11? Mm Lama/1 [N555
W49 (5 ) *F mm; HSfmJ
(73/ (ma cfw_Baa/4! W01 [Cf/5
( &) H ob 10 Sm
Economics 466
Final Exam, Spring 2005
Total Points: 115, Time: 2 hrs
Answer all questions. Be clear and concise. Write legibly and show your work in details.
Note that each question has different weight. Good Luck!
1. Suppose that you have annual data fro
Econ 466, Spring 2009
Final Examination
Total: 110 points
Time: 2 hours
Note: Answer all questions. Write clearly and legibly. Good Luck!
1. Consider the data in the following Table.
y
x1
x2
9
8
6
5
2
1
2
2
4
5
y.x1
y.x2
x1.x2
4
3
2
1
1
2
x1
x2
2
(a) [5 p
Economics 350
Labor Economics
Practice Multiple Choice Key
July 17, 2014
1. The share of fringe benets in total employee compensation:
a) grew steadily in the 1960s and 1970s but has fallen since 1980
b) was unchanged in the 1960s and 1970s and has fallen
Alternative Pay Schemes and Labor Eciency
CH. 7: pp. 198-226
July 7th
Vander Naald
1/1
Vander Naald
2/1
Outline
Vander Naald
3/1
Outline
Vander Naald
4/1
Fringe Benefits
Wages are not the only way workers are compensated by rms
Vander Naald
5/1
Fringe Ben
CIJJ (i) Other things equal, homes farther from the incinerator should be worth more. so ﬁt i=- ll.
It‘ll. ‘9 t], then the incinerator was located farther away from more expensive homes.
[ii] The estimated equation is
lsg'tpra-e) = 3.05 — atria: + .31?|og
Homework 5 Answer Key
Wooldridge 6.3
i.
rd int ens
0.00030 20.000000007 sales 0
sales
when 0.00030 < 0.000000014 sales or
sales > 21,428.5714. The turning point is $21,428.57 million, after which the
marginal effect become negative.
ii.
t
sales 2
0.00000