ECON 222 - Macroeconomic Theory I
Assignment Two
Fall Term 2013
Due: Drop Box 2nd Floor Dunning Hall on October 11th before 12:00pm
No late submissions will be accepted
No group submissions will be accepted
No Photocopy answers will be accepted
Remarks: W
ECON 222
Macroeconomic Theory I
Winter Term 2012/13
Assignment 1 - ANSWER KEY
Question 1: Some Canadian Macroeconomic Data (40 Marks)
a) The four time series are plotted in gure (1). Notice that they represent measures of the price level
for some specic c
ECON 222 - Macroeconomic Theory I
Assignment 1
Fall Term 2013
Due: Drop Box 2nd Floor Dunning Hall on Friday, September 27th before 12:00pm
No late submissions will be accepted
No group submissions will be accepted
No Photocopy answers will be accepted
Re
ECON 222
Macroeconomic Theory I
Winter 2014
Assignment 3
Due: Drop Box 2nd Floor Dunning Hall by March 14, 2014 at noon
No late submissions will be accepted
No group submissions will be accepted
No Photocopy answers will be accepted
Remarks: Write clearly
ECON 222
Macroeconomic Theory I
Winter 2014
Assignment 1
Due: Drop Box 2nd Floor Dunning Hall by January 24, 2014 at noon
No late submissions will be accepted
No group submissions will be accepted
No Photocopy answers will be accepted
Remarks: Write clear
Answers to Assignment 2
Question 1: Labour demand and supply:
a) Derive an expression for the demand for labour for this economy. Very
briefly explain your answer.
Start with the production function:
Y = AK N 1
Set
K Kt, UHt L UHc CAKt -VHc
\ . _.
f: UHc- Ui{L - UH? UHH 0H1: UHVH
0 t-H +
UHC - UHC UHU
Rt " R2: quH " 4/1: UHbH He
H
I H. t = '_ U.
Ht.
Ht
H-t-H ; IDu
[4+
, Ht t
"° W 'Uk
Hen 9
\ ~ \ _ 0Q" Kt:
kw 631: = M 2, L, Co ml'
li
gageé
«A KWLJ. A la
Question 1: Understanding the closed economy IS-LM-FE model (30 marks)
The economy that you will study can be represented by the following basic
equations:
(1) Md/P = 9.5 + 0.6Y 300(r + e)
Demand for money (Md)
ECON 222 - Macroeconomic Theory I
Assignment Four
Fall Term 2013
Due: Drop Box 2nd Floor Dunning Hall on November 22nd before 12:00pm
No late submissions will be accepted
No group submissions will be accepted
No Photocopy answers will be accepted. This in
Answer sheet for mid-term
Long questions:
Question 1: Consumption
Part a)
Start with the inter-temporal budget constraint:
c1 +
c2
y 2
= y1 + a +
(1+ r)
(1+ r)
Use the fact that in equilibrium the slope of the inter-
ECON 222
Macroeconomic Theory I
Fall Term 2012/13
Midterm Make-up Exam - ANSWER KEY
PART A: Long Questions.
Question A.1: Equilibrium in the Labor Market
(a) First we are asked to nd the labor demand. In order to do that, we need to compute the marginal
p