Homework 1
1.
Find Data on GDP and its components for USA, Mexico and Canada. Compute the percentage of
GDP for the following components for 1950, 1970 and 1990.
a. Personal consumption expenditures
b
ECON 1210 Intermediate Macroeconomics, Fall 2015
PROBLEM SET 7 DUE ON NOVEMBER 24, 2015 (3 pm)
Question 1
Suppose that the Phillips curve is given by
%
" = " (" 5%)
and expected inflation i
Exam ECON 1210
Midterm II - April 4 2013 - Section1 - Version B
Name _
Banner ID _
Multiple Choice - Choose the one alternative that best completes the statement or answers the
question.
Each correct
Zero Lower Bound
Summer 2017
Big Picture
What happens in the IS-LM model if interest
rates are not allowed to go below zero?
This is called the Zero Lower Bound (ZLB)
Much more speculative and less
Econ 1210
Summer 2017
Aggregate Supply and the Short-Run Tradeoff
Between Inflation and Unemployment
CHAPTER 12
Aggregate Supply
0
In this chapter, you will learn:
two models of aggregate supply in w
Econ 1210
Summer 2017
The Science of Macroeconomics:
Chapter 1
CHAPTER 1
The Science of Macroeconomics
0
Welcome to Intermediate Macro
Why are some countries richer than others ?
What can government
Big Picture
Still in short-run.
In this chapter, we examine the policy
implications of the IS-LM model.
We also use the IS-LM model to derive the
aggregate demand curve.
Thus, we can connect chapters
Econ 1210
Summer 2017
Unemployment
Chapter 6
CHAPTER 6
Unemployment
0
Big Picture
Technically, this section is part of the classical
theory
the natural rate of unemployment will tell us
how much une
Econ 1210
Summer 2017
Chapters 13/14: More policy considerations
CHAPTER 13
Stabilization Policy
0
Big Picture
We have discussed short-run models
Why recessions happen.
What the government can do a
Econ 1210
Summer 2017
The Data of Macroeconomics:
Chapter 2
CHAPTER 2
The Data of Macroeconomics
0
Big Picture
Before we start learning macroeconomic
models, we need to define and understand the
piec
Econ 1210
Summer 2017
The Open Economy
Chapter 5
CHAPTER 5
The Open Economy
0
Big Picture
So far, we have looked at economies that are
closed
they dont interact with the rest of the world
Here, we
Econ 1210
Summer 2017
Money and Inflation
Chapter 4
CHAPTER 4
Money and Inflation
0
Big Picture
We are still examining the classical theory,
which focuses on the long run.
Remember, output was compl
Econ 1210
Summer 2017
National Income: Where It Comes From and
Where It Goes
Chapter 3
CHAPTER 3
National Income
0
Big Picture
In this section, we discuss the classical theory.
This theory describes
Chapter 9: Intro to Fluctuations
facts about the business cycle
how the short run differs from the long run
an introduction to aggregate demand
an introduction to aggregate supply in the short
run
1. Which of the following statements best denes i, the nominal interest rate?
A) The additional amount of goods we must give up next year in order to have one more good
today.
B) The additional amount
The Solow model
due to Robert Solow, won Nobel Prize for
contributions to the study of economic growth
a major paradigm:
widely used in policy making
benchmark against which most
recent growth the
Chapter12:AS,inflationandunemployment
two models of aggregate supply in which
output depends positively on the price level
in the short run
about the short-run tradeoff between inflation and
unemplo
Chapter13:StabilizationPolicy
about two policy debates:
1. Should policy be active or passive?
2. Should policy be by rule or discretion?
CHAPTER 13
Stabilization Policy
0
Question 1:
Should policy be
Chapter 16: Interest Rates and Asset Prices
the classical theory of asset prices,
which uses present value to determine the
price of an asset that provides a stream of
payments to its owner
two ways
Chapter 11: Aggregate Demand II
Chapter 9 introduced the model of aggregate
demand and supply to study short-run fluctuations.
Chapter 10 developed the IS-LM model,
the basis of the aggregate demand
SOLUTIONS PS5
CHAPTER 8
Quick Check
1.
a.
b.
c.
d.
e.
f.
True.
False.
False.
True.
False.
True.
2.
a.
No. In the 1970s, we experienced high inflation and high unemployment. The
expectations-augmented
Economics 1210: Macroeconomics
Section S02 - Spring 2015
Homework 9
1. Mankiw and Balls book: Chapter 16, question 1 (page 463).
a) For both interest rates you need to figure out the present value of
Economics 1210: Macroeconomics
Section S02 - Spring 2015
Solutions to Homework 4
1) Mankiw and Balls book: Chapter 7, question 1 (page 221).
a) A production function has constant returns to scale if i
ECON1210
SEPTEMBER 9, 2016 LECTURE 2 (1 S T WAS ABOUT SYLLABUS)
MACROECONOMIC DATA:
Data of the World in 2014:
Population : 7.2 billion
Labor force : 3.4 billion (roughly 50% of the population)
o Labo
growth:
technological progress
ECON 1210
Brown University
Pascal Michaillat
1
outline
technological progress in the Solow
model
the effects of the saving rate
the sources of technological progress
gro
Intermediate Macroeconomics Midterm1
Instructor David Glancy
March 3rd, 2014
1
Free Response
You should show all of your work. Partial credit may be given in the event
that the ultimate answer is inco