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 numbers. Only submit what I ask and nothing more. All graphs
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
function.
= 1
where represents total factor productivity, st
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 2000. Capital/Worker and
GDP/Worker are expressed in 2
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 land (given in xed supply) and denotes labor services.
Pop
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 log y and 100 b 1 % increase in y .
2. (1) from yi = b 0
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 denotes labor services.
Population dynamics is given by
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
with units of human capital can produce
1
= ( )
(1)
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 as a positive
function of output; fourth equation asse
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 the interest rates have a parallel relationship with t
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 any of the Excel worksheets. When appropriate, submit onl
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 steady state in period = 0. The transition
5
function i
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 Consumers save
a constant fraction of output and consu
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 given by H / k (k 1/2 ) . The first of these implies that
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 + ) 0 gives population size at any time The transition
0 ar
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 time t adult
with ht units of human capital can produce
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 2000. Capital/Worker and
GDP/Worker are expressed in 2
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
rulers out of office. However, the article then states
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 supply) and denotes labor services.
Population dynamics i
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+ g ) (1d )
b) We set k 0 =k^ss , and the balanced growt
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
( )
1.4
1.2
1
0.8
g(ct) 0.6
0.4
0.2
0
ct
200
180
160
140
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
0 are given, so 0 =
0 can be found. = (1 + ) 0 gives population
Professor: Oksana Leukhina
University of Washington, Seattle
Econ 401
Your Name _
EXAM 1
(Please use calculator and pencil only.)
Question 1 (30 points)
Consider the following hypothetical data for two countries: A and B for year 2000. Capital/Worker and
Econ 401
Fall 2012
ANSWERS TO MIDTERM
Question 1:
a) This is a progressive tax system, i.e., the tax paid increases with income.
b) IS Y C I G
Y C0 c(1 t1 )Y ct0 I 0 bR G
Y
slope
c) LM
1
C0 ct0 I 0 bR G
1 c(1 t1 )
1 c(1 t1 )
dR
0
dY
b
M
kY lR
P
Y
slo
Ana Vikanova
Macroeconomics 401 AB
Journal Entries
March 27th, 2013
On the first day of lecture, we went over the differences between Microeconomics and
Macroeconomics, using global and domestic examples. We learned that inflation and deflation,
unemploym
Ana Vikanova
Macroeconomics 401 AB
Journal Entries
May 1st, 2013
Today we talked about the interest rate of loanable funds determines the supply of the
funds. For example, the higher the interest rate, the higher supply of loanable funds. Loanable
funds a
Production (e.g., Gross Domestic Product):
The volume of output produced in a year (we can denote production by Q).
Productivity of Labor:
The amount of output produced by labor in an hour (or in a day, week, year, etc.).
Productivity=Q/L
Standard of Livi
Circular Flow of Production, Income, and Expenditure
Payments: firm household
(National Income)
Expenditures: household firm (Aggregate Expenditure)
In all the various Models we check for three fundamental insights:
National Income = National Product = Ag
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
from the ROW (each car is priced at $5k)
what is the valu
Econ 401A, University of Washington Seattle
Advanced Macroeconomics
Lecture:
MW 8:30-10:20, Smith Hall 404
Class Website: https:/catalyst.uw.edu/workspace/oml/35295/
Check this site regularly as class-related information will appear often.
Professor:
E-m