ECO 3302
REVIEW QUESTIONS FOR MIDTERM 1
(Not to be turned in)
1. In an economy with flexible prices, competitive factor markets, and fixed supplies of the
factors of production, graphically illustrate
Answer Key
1. a.
b. The equilibrium level of income increases. This analysis is appropriate in the short
run when prices and the interest rate are constant.
2. a.
b. The equilibrium interest rate fall
ECO 3302
Homework #5
Due 11/21/2014
1. a. Suppose Congress passes legislation that significantly reduces taxes. Use the
Keynesian-cross model to illustrate graphically the impact of a reduction in tax
ECO 3302
Homework #4
Due 10/27/2014
1. Suppose a government is able to impose controls that limit the number of children
people can have. Use the Solow growth model of Chapter 9 to graphically illustr
ECO 3302
Homework #3
Due 10/20/2014
1. In times of great economic uncertainty and potential job loss, many consumers may
increase their saving as a precautionary measure. What is the predicted impact
Answer Key
1. a. The Fed would conduct open-market sales, raise the discount rate, and raise interest
paid on reserves.
b. Open-market operations and discount rate changes affect the monetary base.
Ch
Name: _ Date: _
1. Assume that total output consists of 4 apples and 6 oranges and that apples cost $1 each
and oranges cost $0.50 each. In this case, the value of GDP is:
A) 10 pieces of fruit.
B) $7
ECO 3302
Homework #2
Due 9/22/2014
1. The Federal Reserve's tools to control the money supply include: open-market
operations, the discount rate, and interest payments on reserves.
a. How should each
ECO 3302
Homework #1
Due 9/15/2014
1. The total income of everyone in the economy is exactly equal to the total:
A) expenditure on the economy's output of goods and services.
B) consumption expenditur
Answer Key
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
A
C
B
C
D
B
C
C
C
D
C
A
D
B
A
C
B
A
A
C
In most countries, both nominal and real GDP increase in almost every year
Requirement 1. Compute accumulated depreciation on the machine at January 1,
20202020
(same as December 31,
20192019).
The straight-line method allocates an equal amount of depreciation to each year o
Different types of economic data Chapter 1, section 3. What is the major type of data we
will be investigating in this course?
Different types of economic data:
1.
2.
3.
4.
Cross- sectional data
Time
Answer Key
1.
2. Output per worker, capital per worker, and the real wage will all grow at rate g, the
growth rate of technological progress in the steady state. Output per effective worker,
capital p
ECO 3302
Practice problems for final exam
1. Equilibrium levels of income and interest rates are _ related in the goods and
services market, and equilibrium levels of income and interest rates are _ r
ECO 3302
Homework #6
Due 12/5/2014
1. a. You are the chief economic adviser in a small open economy with a floatingexchange-rate system. Your boss, the president of the country, wishes to increase the
Due: 02/18/2016
ECO 3302
HOMEWORK ASSIGNMENT # 2
PART I: MULTIPLE CHOICE QUESTIONS (2 points each)
1. People use money as a medium of exchange when they:
A) hold money to transfer purchasing power int
Due: 02/04/2016
ECO 3302
HOMEWORK ASSIGNMENT # 1
PART I: MULTIPLE CHOICE QUESTIONS (2 points each)
1. Macroeconomics does not try to answer the question of:
A) why do some countries experience rapid g
Due: 02/18/2016
ECO 3302
HOMEWORK ASSIGNMENT # 2
PART I: MULTIPLE CHOICE QUESTIONS (2 points each)
1. People use money as a medium of exchange when they:
A) hold money to transfer purchasing power int
HOMEWORK ASSIGNMENT # 1: ANSWER KEY
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
B
A
B
A
D
A
B
C
C
D
D
D
B
B
B
B
D
B
B
A
The supply of labor force increases, which forces
Due: 02/04/2016
ECO 3302
HOMEWORK ASSIGNMENT # 1
PART I: MULTIPLE CHOICE QUESTIONS (2 points each)
1. Macroeconomics does not try to answer the question of:
A) why do some countries experience rapid g
Due: 02/04/2016
ECO 3302
HOMEWORK ASSIGNMENT # 1
PART I: MULTIPLE CHOICE QUESTIONS (2 points each)
1. Macroeconomics does not try to answer the question of:
A) why do some countries experience rapid g
HOMEWORK ASSIGNMENT # 2: ANSWER KEY
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
C
C
A
C
B
C
C
A
B
C
B
C
C
D
C
B
A
D
B
A
A
B
a. $1 billion; b. $10 billion; c.
REVIEW QUESTIONS FOR MIDTERM 2: ANSWER KEY
1. a.
b.
c.
d.
2. a.
No. 200
Yes. It decreases by 100.
Yes. It decreases by 100.
It will rise.
The IMF must propose expansionary fiscal policy, i.e., increas
Answer Key
1. a. expansionary monetary policy
b.
2. a. Since the world interest rate does not change, domestic investment will not change in
the small open economy, but the domestic interest rate will
Answer Key
1.
The increase in national saving will decrease the domestic interest rate. The lower
interest rate will increase the amount of net capital outflows, which will decrease the
domestic excha
Recall if f is 1-1 and onto, we call f a bijection(one to tone correspondence)
Let A,B be sets f: A-> B is a function
f (A)
=cfw_f(a): a belong to A
=cfw_b belong to B: for all a belong to A, f(a)= b
Macroeconomics Test #2 Review
11/09/2015
Chapter 9 Growth Theory: The Economy in the Very Long Run
9.1 - Technological Progress in the Solow Model
o The Efficiency of Labor
Thus far, the production
v
ROBERT PIRSIG
On Scientific Method*
Born in Minneapolis, the writer Robert Pirsig is best known for his autobiographical Zen
and the Art of Motorcycle Maintenance: An Inquiry into Values (1974). In
TRANSCRIPT OF SHANDONG UNIVERSITY
/ General Study Program
/Student Name
/Major
/ Li Xiang
/Registered Number
/Economics & Commerce
Semester
Course Code
12C0242
/Enrollment Date
Course Name
/Sex
/Ma
An Introduc,on to Categorical Data Analysis
A. Agres(
Chapter 3
Generalized Linear Models
Sherry Wang, SMU
1
Review of Ordinary Linear Regression
Linear (in the parameters) model for con,nuous/n
Birds born in a cage think flying is an illness.
Alejandro Jodorowsky
A few things before we get started
Why should I take your word for it?
You shouldnt.
Dont believe something only because I say so.
An Introduc,on to Categorical Data Analysis
A. Agres(
Chapter 5
Building and Applying
Logis6c Regression Models
Sherry Wang, SMU
1
Outline
Model Selec,on Strategies
Coping with mul,collinear