Summer 2011
Jonathan Epstein
Name: _
EC 302 Homework #3
Please show your work.
1) A country has the following growth rates in economic variables in a given year:
A/A = 2%
K/K = 1%
N/N = 2%
aK = .3
aN = .7
Y = .5
M/M = 6%
a) Use growth accounting to determ
EC302 Intermediate Macroeconomics
Fall 2015
Name _Solutions_
Problem Set 2
Due 4:00 pm Tuesday, Sept 29
Instructions: Answer questions on these pages. To receive credit you must show all work neatly.
1. Consider the production function: Y = F (K, L) = 20
EC 302 Problem Set 6
Solutions
Fall 2015
Name_
Instructions: Problem Set 6 is due 4:30 pm, Tuesday, December 1.
Answer all questions on these pages in the spaces provided. Supporting work must be shown
and the answer and the supporting work must be legibl
EC 302 Intermediate Macroeconomics
Antonio Doblas-Madrid, Ph.D.
Money and Prices and the Federal Reserve
HOMEWORK 3
DUE DATE: WEDNESDAY, APRIL 22TH AT 2:00PM
Problem 1 Inspired by Cagans (1956) classic study of hyperinflations (35 points)
American economi
SAMPLE QUIZ 2 - ANSWER KEY - EC302 - DOBLAS-MADRID
1d
To see why (a) is false, see answer key to sample quiz 2, question 1, with the minor adaptation
that K and N are multiplied by 0.75 instead of being multiplied by 2. Alternatively, one can see
that (a)
EC302 Intermediate Macroeconomics
Fall 2015
Name _
Problem Set 1
Due 3:00 pm Thursday, Sept 17
Instructions: Answer questions on these pages. To receive credit you must show all work neatly.
1. Who is Janet Yellen?
2. What is the difference between the no
EC 302 Problem Set 4
Solutions
Fall 2015
Name_
Instructions: Problem Set 4 is due 3:00 pm Thursday, October 22.
Answer all questions on these pages in the spaces provided. Show all work If you need additional
space, attach page(s) and be careful to identi
EC 302 Problem Set 5
Solutions
Fall 2015
Name_
Instructions: Problem Set 5 is due 4:30pm Wednesday, November 4.
Answer all questions on these pages in the spaces provided. Show all work If you need additional
space, attach page(s) and be careful to identi
EC302 Intermediate Macroeconomics
Fall 2015
Name _Solutions_
Problem Set3
Due 4:00 pm Monday; October 5
Instructions: Answer questions on these pages. To receive credit you must show all work neatly.
1. The Hawkeyeland economy has the following expected p
Problem Set 1 ANSWER KEY
Due Wednesday, Jan. 20, 2016
EC 301, Section 001
Spring 2016
1. Suppose that in the United States, the demand curve for corn in a given year (in billion bushels) is
given by = 15 2 and the supply curve is given by = 5 6
a. Solve f
Problem 1 (40 points)
(a)
For each of these transactions, record the corresponding credit-debit pair in the US
CA and/or the US KFA.
CA
Credit
I
II
III
IV
(b)
KFA
Debit
500M
Credit
500M
Debit
200M
100M
200M
100M
100M
100M
Assuming that these are all the t
MULTIPLE CHOICE
1 b 2 c 3 d 4 c 5 c 6 c 7 a 8 d 9 c 10 d
11 d 12 c 13 b 14 a 15 d 16 d 17 a 18 a
19 b 20 a
PROBLEM 1
(a)
Finding the IS curve: Y = C + I + G
Y = 2000 +0.5Y - 5000r + 2000 - 5000r + 1000
0.5 Y = 5000 - 10,000 r
IS: Y = 10,000 - 20,000r
Alte
EC 302 - FALL 2012 - PRACTICE FINAL - DOBLAS-MADRID
TIME ALLOWED: 2 HOURS
Multiple Choice (2 points each)
_
1.
When economists use terms such as Gross Domestic Product, Gross National Product and
Gross Investment, the term Gross means
a. utterly disgustin
EC 302 Intermediate Macroeconomics
Antonio Doblas-Madrid, Ph.D
SAMPLE QUIZ 1
(Available time = 35 minutes)
Multiple choice (2 points each)
1. Consider the following information
Total
Population
200
200
400
400
North
South
East
West
Labor Force
110
130
235
EC 302 Problem Set 7
Fall 2015
Name_
Instructions: Problem Set 7 is due before class, Wednesday, December 9.
Answer all questions on these pages. If you need additional space, attach page(s) and identify clearly
each question number. Be sure to write your
Sample Quiz 1
Answer Key
Multiple choice
1d
u = (Labor Force Employed Workers)/Labor Force, so its 9.1% for North, 7.69% for
South, 6.38% for East, and 16.7% for West.
2. a
Reason: Calculate real GDP (RGDP) as follows
RGDP_year_t = Nominal GDP_year_t *20/
Overview of Macroeconomics
and
Macroeconomic Data
Topic 1
EC 302 INTERMEDIATE MACROECONOMICS
Antonio Doblas-Madrid, Ph.D.
OUTLINE
Big picture ideas: Main topics in macroeconomics.
Macroeconomic Data
National
income accounting: GDP and related concepts.
N
Problem Set 3
Due November 2, 2015 by 8:30 am
Only paper copies will be accepted, no email
Review of AS-AD model:
1. Chapter 8, Analytical Problem 4, page 315 in the 8 th edition (page 308 in the 7th edition).
The short-run aggregate supply curve is horiz
EC 302 INTERMEDIATE MACROECONOMICS DOBLAS-MADRID
Sample Quiz 5
1. Money
a.
b.
c.
d.
serves as medium of exchange, unit of account, and store of value.
is currently backed by gold, silver, or other metals.
only includes cash and travelers checks.
all o
Bonus class exercise
Nominal exchange rate: enf/d = 1.2
Domestic price level: Pd = 1.5
Foreign price level: Pf = 2.0
a. What is the real exchange rate?
b. Which comparable goods are cheaper?
c. Suppose the domestic currency appreciates. If relative purcha
EC 302
Intermediate Macroeconomics
Antonio Doblas-Madrid, PhD
The Relationship between Interest Rates and Exchange Rates:
Covered Interest Parity, Uncovered Interest Parity and Carry Trades
To make the exposition easier to follow, I will explain covere
Class Exercise 7
A. Draw an AD AS graph and a Phillips curve graph for an economy with negative
inflation or deflation (e = - 1%) and natural rate of unemployment (u = 5%). The
economy is currently at the LR General Equilibrium. Label the general equilibr
Exercise 6
FE: Y = 1200
IS: Y = 1600 10,000 r
LM:
Y = 100 + 1500 + 15,000 r P = 3
P
The economy is currently at a GE, Y = 1200 and r = .04 = 4%.
Draw the IS LM graph (with the FE line)
Derive the AD equation using the IS and LM equations.
Write the AD equ
Exercise 2
1.
Consider the production function: Y = A F(K,N) = 6 (K)1/2 (N)1/2
The marginal product of capital is:
MPK =
3 N1/2
MPN =
3 K1/2
K1/2
The marginal product of labor is:
N1/2
Suppose Capital and Labor are:
K = 9, N = 16
i. What is the GDP?
ii. W
Class exercise 3
Full employment output is Y = 80
Desired consumption is Cd = 10 + .5(Y-T) 200 r
Desired investment is Id = 40 300 r
Tax is T = 20
Govt purchases is G = 20
What is the real interest rate, r, desired saving, S d, desired investment, Id, and
Ec 302 Topic 5 quiz 2
1. Which of the following is true?
a.M1-velocity is smaller than M2-velocity.
b. The Federal Reserve must obey orders from the President and the
Department of the Treasury.
c.Money-market accounts are part of M1.
d. None of the above
Multiple Choice
1a2b3c4b5a6d7a
Problem 1
(a) S = Y - C - G = Y - 3000 + 2000r -0.8 Y -2000 = 0.2Y + 2000 r - 5000
(b) S = I
0.2Y + 2000r -5000 = 3000 - 3000r
0.2Y + 5000 r = 8000
Y + 25000 r = 40000
Y = 40,000 - 25,000 r
<- IS (Graph to be added on separa