Intermediate macro
blue #4
Tutorial 4: week starting August 21st
Pre-tutorial work
Reading guide
Review chapter 6 sections 6.16.2 of the textbook as preparation for this tutorial. You should also
look over your lecture notes.
Key concepts
Labour market fl
Notes
Intermediate Macroeconomics
Lecture 8: labor markets, part two
Semester 2, 2015
1
This lecture
Notes
Labor markets, part two
More details on labor market fluctuations
2
This lecture
Notes
1- Model of labor market fluctuations
job matching
Beveri
Notes
Intermediate Macroeconomics
Lecture 7: labor markets, part one
Semester 2, 2015
1
This lecture
Notes
Labor markets, part one
A tour of the labor market
read Blanchard and Sheen, sections 6.16.2
2
This lecture
Notes
1- Labor market concepts
2- Sim
Intermediate Macroeconomics
Lecture 2: output, investment and savings
Semester 2, 2015
1
This lecture
Output, investment and savings
Reading
Blanchard and Sheen, chapter 3 and chapter 5, section 5.1 (p91-93)
2
This lecture
1- Review of GDP components
2
Market Demand
Lecture 8
Semester 1, 2016
Lecture 8 (IM)
Semester 1, 2016
1 / 26
Introduction
In the previous lecture we derived the individual demand for a good
with a standard model of consumer choice.
We then decomposed the effect of a change in own pri
General Equilibrium - Exchange
Lecture 9
Semester 1, 2016
Lecture 9 (IM)
Semester 1, 2016
1 / 27
Introduction
Thus far we have used consumer theory to examine the welfare effects
of various policy changes.
In each occasion, we examined particular markets
Cost of Production I
Lecture 15
Semester 1, 2016
Lecture 15 (IM)
Semester 1, 2016
1 / 26
Introduction
Last week I discussed an example where the scale of production
affected the cost of production.
We concluded that to examine how costs evolve with output
Profit Maximization II
Lecture 18
Semester 1, 2016
Lecture 18 (IM)
Semester 1, 2016
1 / 26
Regulating a Utility Monopoly
We previously discussed an example where a government was to
regulate the price charged by a utility company.
Why does the price need
Notes
Intermediate Macroeconomics
Lecture 5: the IS-LM model, part two
Semester 2, 2015
1
This lecture
Notes
Fiscal and monetary policy in the IS-LM model
Reading
Blanchard and Sheen, sections 5.3, 5.5
2
This lecture
Notes
1- Fiscal policy in the IS-LM
Notes
Intermediate Macroeconomics
Lecture 10: inflation, unemployment
and the Phillips curve
Semester 2, 2015
1
This lecture
Notes
Inflation, unemployment and the Phillips curve
Blanchard and Sheen, sections 8.28.3
2
This lecture
Notes
1- A dynamic vers
Intermediate macro
blue #2
Tutorial 2: week starting August 7th
Pre-tutorial work
Reading guide
Review chapter 4, chapter 9 pages 203208 and chapter 5 sections 5.1-5.2 of the textbook as preparation for this tutorial. You should also look over your lectur
Intermediate macro
blue #3
Tutorial 3: week starting August 14th
Pre-tutorial work
Reading guide
Review chapter 5 sections 5.3-5.5 and chapter 9 pages 212-215 of the textbook as preparation for this
tutorial. You should also look over your lecture notes f
ECON20001 Intermediate Macroeconomics, Semester 2, 2017
This is a practice test, will not be counted for final assessment. There are 12 questions for you
to practice; answers are in the separate file.
The actual test will be available from 9am August 28th
Intermediate Macro
blue #1
Tutorial 1: week starting July 31st
Pre-tutorial work
Reading guide
Review chapter 3 and chapter 5 pages 91-93 of the textbook as preparation for this tutorial. You
should also look over your lecture notes for week 1 and ensure
Example #4: problem
Setup: Consider the simple model of labor market flows
ut+1 ut = s(1 ut ) f ut
with constant job separation rate s = 0.02 per month and constant
job finding rate f = 0.30 per month.
(a) Calculate the steady-state unemployment rate u.
(
Notes
Intermediate Macroeconomics
Lecture 4: the IS-LM model, part one
Semester 2, 2015
1
This lecture
Notes
The IS-LM model, part one
Reading
Blanchard and Sheen, sections 5.15.2
2
This lecture
Notes
1- Equilibrium in the goods market
IS curve, downwa
Production
Lecture 13
Semester 1, 2016
Lecture 13 (IM)
Semester 1, 2016
1 / 27
Economic Growth in China
One of the more remarkable events of the past 30 years has been the
economic emergence of China.
Poverty rates in China have declined from 31% in the l
Individual Demand
Lecture 7
Semester 1, 2016
Lecture 7 (IM)
Semester 1, 2016
1 / 26
Introduction
The diagram to the left
illustrates the effect of a tax.
But where does this market
demand curve come from?
Does it matter?
Today we will examine how such mar
Returns to Scale
Lecture 14
Semester 1, 2016
Lecture 14 (IM)
Semester 1, 2016
1 / 27
Solar Energy and Electricity Prices
Why are electricity prices increasing as a result of competition from
solar power?
Suppose average costs (AC ) of
electricity generato
Intermediate Macroeconomics
Lecture 19: productivity and institutions
Semester 2, 2016
1
This lecture
Growth accounting
Blanchard and Sheen, section 12.3 and appendix to chapter 12
Productivity and institutions
Blanchard and Sheen, section 13.4
2
This
Intermediate Macroeconomics
Lecture 14: rules vs. discretion in
macroeconomic policy making
Semester 2, 2016
1
This lecture
Fundamental issues in the design of monetary policy institutions
Should policy follow a
rule
or be at policy maker's
i) game-theore
Intermediate Macroeconomics
Lecture 5: the IS-LM model, part two
Semester 2, 2016
1
This lecture
Fiscal and monetary policy in the IS-LM model
Reading
Blanchard and Sheen, sections 5.3, 5.5
2
This lecture
1- Fiscal policy in the IS-LM model
(shifts IS
Intermediate Macroeconomics
Lecture 13: the dynamic AS-AD model, part three
Semester 2, 2016
1
This lecture
Dynamic AS-AD model, part three: monetary policy applications
Mankiw A dynamic model of aggregate demand and aggregate
supply, (available from the
Example #3: problem
Setup: Suppose that the economy is characterized by an IS-LM
model. Let the consumption and investment functions be
C = 2 + 0.25(Y T ),
and
I = 6 + 0.25Y 10i
(1)
and suppose G = T = 4. Let the real money supply be M/P = 36
and let the