Midterm 1 Practice Questions
Part I. Multiple Choices
Q1. Macroeconomics is the study of _ while
microeconomics studies _.
the cosmos; particle physics
the overall performance of an economy; an individual
an individual market; the overall
Fall 2012 Chapter 1 Exercises
To earn credit, please show ALL YOUR WORK.
1.1. Express each of the following in compact summation notation:
x1 x 2
+ . + 6
(b) x1 + 7 + 2 x 2 + 14 + . + 5 x5 + 35
1.2 .Simplify and compute the follo
FALL 2014 ECON 3503 INTRODUCTION TO ECONOMETRICS
Dr. F. I. Kushnirsky
Office Hrs: TTh, 2:15-3:15pm
Fax: (215) 2048173
Ritter Annex 823
TEXT: Hill, Griffiths, and Lim, Principles of Econometrics, Wiley & Sons
Identify the choice that best completes the statement or answers the question.
Q1.Over the past 50 years or so,
a. the employment-population ratio always has been rising.
b. the employment-population ratio generally has been falling.
Econ3502, Spring 2014
Instructor: Yuan Yuan
Group Assignment 1
You will learn and practice how to construct GDP growth rate and TFP level. Compare the economic performance
of one European country with the United States and make your own judgment.
Fall 2014 Chapter 2-4 Exercises
2.1. Consider the following observations on a supply line:
(a) Estimate b1 and b2 by hand and give the estimated equation.
(b) On a graph, sketch
Fall 2014 Chapter 1 Exercises
To earn credit, please show all your work.
1.1. Express each of the following in summation notation:
(a) x1 x5 x9 x13
(b) x1 y 4 x 2 y 6 . x6 y14
1.2. Write out and simplify the following expressions:
Fall 2014 Homework Assignment 4
8.1. The Home8-PubexpF14 file gives per capita public expenditure on education (EDC) and per
capita gross domestic product (GDPC) for 46 countries.
(a) Prior to estimation, why may heteroscedasticity be present in
Q1. If Canada and Taiwan have the same fraction of researchers and the same knowledge efficiency parameter, but Canadas population is larger, then:
a. Taiwan has a higher per capita output growth rate.
b. Canada has a higher per capita output growth rate
Final Review - 3502 Intermediate Macroeconomics
Yuan Yuan, 2014 Spring
Long-Run Economy (about 35 to 40%)
National Account Measurement
1. GDP measurement: expenditure approach, income approach, production approach
2. Nominal and Real