Professor: Oksana Leukhina
University of Washington
Homework Assignment 2
If you are working in a group, submit one homework per group. Put all the names. Do not submit
any Excel spreadsheets or numbe
Professor: Oksana Leukhina
Homework Assignment 2 - Answers
Question 1 Malthusian Model
13 23
Consider the Malthusian Model studied in class. Assume output is given by =
where = 150 = 1000 denotes lan
Professor: Oksana Leukhina
Homework Assignment 2 - Answers
Question 1 Labor share in the U.S.
Assume that aggregate output production (in real terms) is represented by the following production
functio
Econ 483 Problem Set 2
1. (1) yes. it is linear in the parameters. (2) the amount of unit increase in y due to 1 unit increase in x. (3) yes. it is linear in the parameters. (4) b 1 unit increase in l
Professor: Oksana Leukhina
University of Washington, Seattle
Econ 401
A N S W E R S to M I D T E R M
Question 1 (30 points)
Consider the following hypothetical data for two countries: A and B for year
Econ 401
Fall 2008
ANSWERS TO PROBLEM SET 2
Question 1:
a) First equation defines aggregate demand, second equation defines consumption
with MPC between zero and one; third equation defines investment
Econ 401
Professor: Oksana Leukhina
Homework Assignment 1
13
23
Consider the Malthusian Model studied in class. Assume output is given by =
where = 150 = 1000 denotes land (given in xed supply) and d
Professor: Oksana Leukhina
University of Washington
ECON 401
Homework Assignment 3
(100 pts)
Rules: Submit one completed assignment per group. All graphs should be completely labeled. DO
NOT submit an
Ana Vikanova, Maria DAmbrosio, Jake Davis
Macroeconomics 401 AB
Homework #3
Question 1
a) Market interest rates are indeed a pro-cyclical variable. There are two reasons for this.
The first is because
Professor: Oksana Leukhina
University of Washington
Homework Assignment 2
Question 1
Consider the Solow model studied in class. The equilibrium dynamics can be summarized as follows. 0 and
0
= (1 + )
Professor: Oksana Leukhina
University of Washington - Seattle
Econ 401A
Your Name
.
Midterm - Answers
Question 1 (25 pts)
Consider the Solow model studied in class. Production function is given by = 1
Professor: Oksana Leukhina
University of WA
Econ 401A Advanced Macro
Your Name .
Exam 2
Question 1.
Consider the Galor-Weil model studied in class. Adult population evolves according +1 = A time adult
Professor: Oksana Leukhina
University of NC - Chapel Hill
Econ 520 - Advanced Macro
Your Name
(3 bonus points).
Answers to the Final Exam
Question 1. (15 points) Consider a Solow economy, which is in
Econ 401
Professor: Oksana Leukhina
Answers to Homework Assignment 1
13
23
Consider the Malthusian Model studied in class. Assume output is given by =
where = 150 = 1000 denotes land (given in xed su
ECON 401 Autumn 2010 ANSWERS FOR PROBLEM SET VIII 1.a.
Hartman
The Hamiltonian is H e bt c a (2k 1/ 2 c g k ) . We choose c to maximize H, which gives H / c e bt ac a 1 0 , and the evolution of is giv
Professor: Oksana Leukhina
University of WA
Econ 401A Advanced Macro
Your Name .
Exam 2
Question 1.
Consider the Galor-Weil model studied in class. Adult population evolves according Lt+1 = Lt nt : A
Professor: Oksana Leukhina
University of Washington, Seattle
Econ 401
A N S W E R S to M I D T E R M
Question 1 (30 points)
Consider the following hypothetical data for two countries: A and B for year
Ana Vikanova and Maria DAmbrosio
Macroeconomics 401 AB
Homework #4
Question 1
a.
b.
Question 2
a.
b.
c.
Question 3
a. i) Incumbents lost power in Greece and France, meaning the voters took the former
Adding International trade
10 workers, 16 cars and 2 trucks, Pcar = $5k, Ptruck = $10k, wage per worker = $7k
now, suppose we export 2 of our cars to the rest of the world (ROW) and purchase 3 cars
fr
GALOR-WEIL MODEL SIMULATION
TIME PERIOD
3
0.02
0.018
2.5
0.016
0.014
2
L
z
A
e
0.012
GROWTH RATES OF L, Z, A
1.5
0.01
0.008
1
0.006
0.004
0.5
0.002
0
0
EDUCATION
t
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Q1) a)
We have
g=0.125, A=3.17, L=0.77,e=0 , and we also have
X =1,=0.6, =0.225, =0.879, =0.2, ~
c=1, =1, a =8 . Then:
g1=( e0 + ) min cfw_ L0 ,a =( 0+0.879 0.2 ) min cfw_ 1 0.77, 8 =0.135366
A 1=( 1
1
1
Q1) a) Since
1
10.3
1+=(1+ g) =1.01
=1.0143163 , this is the long-run growth
rate of every per capita variables.
1
1
s A0
0.4
1
10.3
^ss =[
k
]
=[
]
=13.61172
1
Then
1.0143163(10.05)
1
(1+ n )( 1+
Econ401 HW1
Shihan Kang Jiawen Ye
Q1
1
2
C t 1501000 3 N t 3
1000 13 1500
=150
=
a) c t = N =
1
Nt
Nt
t
Nt 3
g( c t ) = 1 = -0.5 + 0.01 c t , so c ss = 150
1500
c ss =
=150,
1
so N t =N ss=1000
3
Nt
(
The Malthusian Model
Professor: Oksana Leukhina
January 2009
Some economic growth facts:
1. Before 1800 (the beginning of the industrial revolution), standards of living diered very
little across coun
Class exercises. You are required to work these out before next seminar,
since you will be asked in class!
1: You will require 700 in 5 years. If you earn 5% interest on your funds, how much you will
Reforming Taxes
to Promote Economic Growth
edward p. lazear and james m. poterba
C
hanges to the tax code are frequent,
but opportunities for fundamental
reform are rare. The mid-1980s offered one suc