TUTORIAL 2 WEEK 2
ECON2102 Macroeconomics 2
March 2009
solutions
1. Suppose that the production takes the Cobb-Douglas form:
Y = A F (K, L) = AK L1 ,
where 0 < < 1.
a) The growth rate of capital per worker in the Solow growth model discussed in class is g
TUTORIAL 2WEEK 2
ECON2102 Macroeconomics 2
August 2008
solutions
1. Suppose that the production takes the Cobb-Douglas form:
Y = A F (K; L) = AK L1
where 0 <
;
< 1:
a) The growth rate of capital per worker in the Solow growth model discussed in class is g
TUTORIAL 2 WEEK 2
ECON2102 Macroeconomics 2
March 2009
1. Suppose that the production takes the Cobb-Douglas form:
Y = A F (K, L) = AK L1 ,
where 0 < < 1.
a) The growth rate of capital per worker in the Solow growth model discussed in class is given
by
k
Name: _ Class: _ Date: _
ID: A
ECON 2102 Macroeconomics 2 - Tutorial 5:Markets, Prices, Supply and Demand
True/False
Indicate whether the statement is true or false.
_
1. Bond holdings and interest income are zero for the whole economy.
_
2. In the Barro
WEEK 11 TUTORIAL MEETING-QUESTIONS
MULTIPLE CHOICE
1. The IS curve describes short-run movements in an economy via which of the following?
a.
b.
c.
d.
e.
2. The foundation of the IS curve is the equation _, which is the _.
a.
; national income identity
b.
TUTORIAL 2 WEEK 3
ECON2102 Macroeconomics 2
March 2012
solutions
1. Suppose that the production takes the Cobb-Douglas form:
Y = A F (K, L) = AK L1 ,
where 0 < < 1.
a) The growth rate of capital per worker in the Solow growth model discussed in class is g
WEEK 9 TUTORIAL MEETINGQUESTIONS AND ANSWERS
MULTIPLE CHOICE QUESTIONS
1. Defining
as current output,
as potential output, and
as short-run fluctuations,
which of the following equations is correct?
a.
b.
c.
d.
e.
ANS: B
PTS:
2. If current output is
1
bil
WEEK 4 TUTORIAL MEETINGQUESTIONS
Part A: Multiple Choice Questions
1.In economics, a rival good is one that:
a. cannot be consumed by more than two persons at a time.
b. can be consumed by more than one person at a time.
c. can be consumed by more than on
1
Econ 2102 Autumn 2015 Tutorial Three
Week 4 2337 March
Tutorial Three Chapter 6
All students are required to submit a written answer to Question 5 at the beginning of the tutorial.
The answers to starred questions will be discussed in the following week
WEEK 6 Tutorial Questions Inflation
PART A-MULTIPLE CHOICE QUESTIONS: please hand in these answers to your tutor
1. If
a.
b.
c.
d.
e.
is the price level in time t, inflation is calculated as:
.
.
.
.
.
2. Liquidity is a measure of:
a. the monetary base.
b
Econ2102 Assignment 2
Question 1
(i)
As we can see from the graph above, the ratio of Trade balance to GDP reaches a peak
at 1981 which is 3% and decreases dramatically down to a bottom at 1988 to 1989,
after that it remain negatively fluctuating until 20
Econ2102 Macroeconomics 2
Tutorial 4 (Week 13-17 August)
Q1. Consider an economy with the following Cobb-Douglas production function:
Y = K 1/3 L2/3
The economy has 1,000 units of capital and a labour force of 1,000 workers. Assume
firms are profit maximi
WEEK 11 TUTORIAL MEETING-QUESTIONS
MULTIPLE CHOICE
1. The IS curve describes short-run movements in an economy via which of the following?
a.
b.
c.
d.
e.
ANS: B
PTS:
1
REF: Section 11.1 TOP: Applied
2. The foundation of the IS curve is the equation _, whi
14/10/11
Class Outline
Econ2102
Professor James Morley
Ques=ons and Review
Some answers and some ques=ons
Lecture 12
What is Macroeconomics?
Macroeconomics is the study of aggregate
economic phenomena:
LongRun
Econ2102
Week 5
Uncertainty and Expectations
Reference: Andolfatto Chapter 3
Business cycle model in Week 4 lecture assumed complete certainty. You
know if productivity is high or low before you decide how much to work and
produce/consume.
Uncertainty is
UNIVERSITY OF NEW SOUTH WALES
School of Economics
ECON2102
Macroeconomics 2
Mid-Session Examination
Semester 1, 2014
Paper B
1. Time Allowed 40 minutes
2. This examination paper has 8 pages
3. Total number of marks available 20
4. The exam consists of 20
Econ2102 Macroeconomics 2
Tutorial 10 (Week 26 30 May)
All students are required to submit a written answer to Question 5* at the beginning of
the tutorial. The answers to starred questions will be discussed in the following weeks
tutorial.
Q1
If firms ar
Econ2102 Macroeconomics 2
Tutorial 11 (Week 2 June 6 June)
All students are required to submit a written answer to Question 5* at the beginning of
the tutorial. The answer to starred questions will be posted in Moodle.
Q1
Recall the inflation shock exampl
ECON 2102 Semester 2, 2017
Course Journal
Aim
The course journal is designed to help you organise and keep track of your thoughts on the required
reading for the course as well as a place to record your practice problem attempts. It is also a way
for you
Econ2102 Macroeconomics 2
Tutorial 5 (Week 7 11 April)
Solution Guide
Q1.
(a) Using the rational expectations model from lectures illustrate the equilibrium if the
signal received by households and firms is one of good news (s = g). Use a diagram
to show
Econ2102 Macroeconomics 2
Tutorial 3 (Week 24-28 March)
All students are required to submit a written answer to Question 6* at the beginning of
the tutorial. The answer to starred questions will be discussed in the following weeks
tutorial.
Q1. Consider t
Arbitrage Conditions: Review
Capital Equipment
1. Own funds $M = ! .
2 options
! (1 year)
buy capital and sell
after 1 year
(Absence) of Arbitrage
! = ! + !,! !,!
0 (1 year)
2. No funds $M = 0.
2 options
borrow money, buy capital and
sell after 1 year
(Ab
Econ2102 Macroeconomics 2
Tutorial No. 1 (10-14 March)
All students are required to submit a written answer to Question 5* at the beginning of
the tutorial. The answers to starred questions will be discussed in the following weeks
tutorial.
The following
Econ2102 Macroeconomics 2
Tutorial No. 1 (10-14 March)
All students are required to submit a written answer to Question 5* at the beginning of
the tutorial. The answers to starred questions will be discussed in the following weeks
tutorial.
The following
Name _
Student No _
UNIVERSITY OF NEW SOUTH WALES
School of Economics
ECON2102
Macroeconomics 2
Mid-Session Examination
Semester 1, 2014
Paper A
1. Time Allowed 40 minutes
2. This examination paper has 8 pages
3. Total number of marks available 20
4. The
MACRO
2 - Tutorial
10
The AD-AS model
Tutor: Gabriela
Nodari
Week 12: 26th - 30th May
Question 1
i) Graphing the monopoly
Price
A Market / The Monopoly
P*m
MC
MR
Q*m
D
Quantity
Question 1
ii) Increase in D (no menu costs)
Price
A Market / The Monopoly
P*m
Econ2102
Week 10
A Short Run Model: Inflation, Phillips Curve and the AD-AS Model
Summary of Progress:
Derived an IS curve
(
)
Allowed a role for monetary policy to affect the output gap
Assumed that central bank can control the real interest rate
What ab
Reserve Bank of Australia
91cf6b2be30b6537abe94865ce2c89a30b3bce71.xls
A
B
C
D
1 G11 GROSS DOMESTIC PRODUCT - EXPENDITURE COMPONENTS
2 $ million, sa
3
4
Private spending
5
Household
Dwelling
Buildings and
6
consumption
investment
structures investment
7
8
Econ2102
Week 1
Introduction
Assumed to have completed introductory course in Macroeconomics
- Familiar with basic national accounting concepts: GDP and its
measurement (Jones Chapter 2)
- Concept of economic growth (Jones Chapter 3)
- Distinction between
Econ2102 Macroeconomics 2
Tutorial 4 (Week 31 March 4 April)
Solution Guide
Q1. Consider a production function of the form:
where
can be thought of as total factor productivity.
(i)Convert the above production function into a relationship in growth rates.