Economics 401
Assignment Four Answer Guide
Questions
1. In Hicks (1937), an attempt is made to reconcile Hicks interpretation of the General Theory
with Wicksells natural rate of interest. Explain what we mean by Wicksells natural rate of interest
as we d
ECONOMICS 401
ASSIGNMENT ONE Answer Guide
1. From the Statistics Canada CANSIM database, obtain the quarterly series for seasonally adjusted
real GDP, expenditure-based, measured in chained 2002 dollars for the period 1961:12012:2. The
series label is v19
Economics 401
Assignment Three Answer Guide
Questions
1. Consider the following simple static model of an open economy with a exible exchange rate. Our
objective is to evaluate how well the exchange rate assists with stabilization of the domestic economy.
Economics 401
Assignment Two Answer Guide
Questions
1. Consider a two period two country endowment economy. Domestic and foreign preferences are
as follows:
U (c1 , c2 )
U
=
ln c1 + ln c2
=
(c , c )
1 2
ln c + ln c
1
2
The two countries can trade intertem
Concordia University
ECON 301/4 AA: Intermediate Microeconomics I
Winter 2011-12
Instructor: Li, Ming
Office: H1155-63
e-mail: mingli@alcor.concordia.ca
Meeting Time: W 18:00-20:15
Office hours: M 11-12, W 15-16
Web Site: http:/alcor.concordia.ca/~mingli/