Macroeconomics
Answers to Homework Set A
Behzad Diba
Fall 2014
In a stylized economy, only two goods are consumed. The relevant price and quantity data for
1993 and 1999 are shown in the following table.
Price
Quantity
1993
1993
1999
Computers
$2,500
$1,5
Macroeconomics
Homework Set A
Behzad Diba
Fall 2014
In a stylized economy, only two goods are consumed. The relevant price and quantity data for
1993 and 1999 are shown in the following table.
Price
Quantity
1993
1999
1993
1999
Computers
$2,500
$1,500
100
Macroeconomics
Answers to Homework Set B
Behzad Diba
1.
Fall 2014
Consider the production function
Y = AKL
where Y represents output, K and L represent the inputs of capital and labor, and A is total
factor productivity. The coefficients and are positive.
Lecture Notes: Ch 4
Macroeconomics
Fall 2014
Goods Market Equilibrium
In a closed economy,
Aggregate demand is the sum of desired
consumption, desired investment, and
government purchases.
Goods market equilibrium condition:
Y = Cd + Id + G
(4.7)
is di
Macroeconomics
Homework Set A
Behzad Diba
Fall 2015
1. In a stylized economy, only two goods are consumed. The relevant price and quantity data
for 1993 and 1999 are shown in the following table.
Price
Quantity
1993
1999
1993
1999
Computers
$2,500
$1,500
Macroeconomics
Homework Set B
Behzad Diba
1.
Fall 2014
Consider the production function
Y = AKL
where Y represents output, K and L represent the inputs of capital and labor, and A is total
factor productivity. The coefficients and are positive.
a.
Show th
Macroeconomics
Homework Set B
Behzad Diba
1.
Fall 2015
Consider the production function
Y = AKL
where Y represents output, K and L represent the inputs of capital and labor, and A is total
factor productivity. The coefficients and are positive.
a.
Show th
Macroeconomics, Fall 2015
Homework Set C
1. Consider a social planner making resource allocation decisions for the economy described in Chapter 2 of Gali text. The planner goal is to maximize social welfare,
s
s
which in this setting is naturally represen
Macroeconomics
Homework Set A
Behzad Diba
Fall 2015
1. In a stylized economy, only two goods are consumed. The relevant price and quantity data
for 1993 and 1999 are shown in the following table.
Price
Quantity
1993
1999
1993
1999
Computers
$2,500
$1,500
Notes on Labor Demand Under A Cobb-Douglas Technology
R.L. Oaxaca
University of Arizona
1
Cobb-Douglas Production Function
Q = Aegt L K
or
ln(Q) = ln(A) + gt + ln(L) + ln(K)
for g > 0, 0 < , < 1, and 0 < + < 1. These restrictions describe a CD technology
Macroeconomics
Exam 1, Part A
Behzad Diba
Fall 2014
1. Consider a perfectly competitive economy in long-run equilibrium. Assume the aggregate
production function is
Y = AK1/3 L2/3
where Y represents output, K and L represent the inputs of capital and labo
Macroeconomics
Final Exam
Behzad Diba
Fall 2013
Your Name:
Answer all the questions (1 through 5) below.
1. Consider the Solow-Swan growth model with the aggregate production function
Y = AK1/3 L2/3
where Y represents output, K and L represent the inputs
Macroeconomics
Exam 1-A
Behzad Diba
Fall 2013
Answer all the questions below.
1. Consider a closed economy with no population growth, no technological progress, and no
government (output equals consumption, in equilibrium, and there are no taxes in this
e
Macroeconomics
Answers to Exam 1
Behzad Diba
Fall 2013
1. Consider a closed economy with no population growth, no technological progress, and no
government (output equals consumption, in equilibrium, and there are no taxes in this
economy). The representa
Lecture Notes: Ch 3
Macroeconomics
Fall 2015
The Production Function
The production function
Y = AF(K, N)
(3.1)
Shows how output (Y) depends on the capital stock
(K) and the labor input (N).
A represents total factor productivity (TFP),
measuring the ef
Problem Set 1
1.Why do we use the values 0 and 1 for indicator variables?
Because indicator variable, namely a variable that takes value one if some event
occurs or some condition is true and value zero otherwise. Zero and One are to show
the difference b
Data Analysis Using Stata
Third Edition
c 2005, 2009, 2012 by StataCorp LP
Copyright
All rights reserved. First edition 2005
Second edition 2009
Third edition 2012
Published by Stata Press, 4905 Lakeway Drive, College Station, Texas 77845
Typeset in LATE
Macroeconomics
Unemployment
Behzad Diba
Fall 2016
These notes provide a simplified description of the Labor Departments unemployment data,
and the conceptual problems associated with interpreting these data.
I. The Unemployment Rate:
1.
The Labor Departme
GDP: The market value of final goods and services, newly produced WITHIN a nation
during a fixed period.
Value added: Value of output (market value) purchased inputs (e.g. intermediate goods)
GDP is a flow variable
Adjusting GDP for inflation = uses GDP d
Macroeconomics: Neoclassical Models
Behzad Diba
Georgetown University
Fall 2015
(Institute)
Macroeconomics: Neoclassical Models
Spring 2013
1 / 14
Classical Monetary Theory
The Classical Dichotomy (long-run neutrality of money):
(Institute)
Macroeconomics
Macroeconomics
Unemployment
Behzad Diba
Fall 2015
These notes provide a simplified description of the Labor Departments unemployment data,
and the conceptual problems associated with interpreting these data.
I. The Unemployment Rate:
1.
The Labor Departme
Macroeconomics
Saving, Investment, and the Current Account
Behzad Diba
Fall 2015
These notes provide a simplified rendition of the saving-investment identity implied by the
National Income and Product Accounts. The relationships derived below also provide
Macroeconomics
Measuring the Price Level and Output
Behzad Diba
Fall 2015
These notes provide a simplified description of commonly used price indexes and the National
Income and Product Accounts.
I. The Price Level and Inflation:
1.
A price index expresse
Lecture Notes: Ch 3
Macroeconomics
Fall 2015
The Production Function
The production function
Y = AF(K, N)
(3.1)
Shows how output (Y) depends on the capital stock
(K) and the labor input (N).
A represents total factor productivity (TFP),
measuring the ef
Derivation of Constant Labor and Capital Share from the
Cobb-Douglas Production Function
Sahand Rabbani
We will show that in the Cobb-Douglas production function model, the percentage of an economys income
that is spent on labor and capital is constant; i
Macroeconomics, Fall 2016
Homework Set C
1. Consider a social planner making resource allocation decisions for the economy described in Chapter 2 of Galis text. The planners goal is to maximize social welfare,
which in this setting is naturally represente
Macroeconomics
Behzad Diba
Fall 2016
Office Hours: Tuesdays 3:30 - 5:00, Wednesdays 1:50 - 3:20, and by appointment
Office: 574 ICC, (202)687-5682, dibab@georgetown.edu
This course provides an introduction to macroeconomics and standard theoretical models
This draft: January 7, 2010
Growth in a Time of Debt*
Carmen M. Reinhart
University of Maryland. NBER and CEPR
Kenneth S. Rogoff
Harvard University and NBER
* This paper was prepared for the American Economic Review Papers and Proceedings. REINHART:
Depar
International Liquidity: The Fiscal Dimension*
Maurice Obstfeld
Abstract
This paper argues that if policymakers seek to enhance global liquidity, then the
international community must provide a higher and better coordinated level of fiscal
support than it