Econ 501: Lab 9
Questions are based on Lecture 4.
Question 1: Suppose that the objective function of the central bank is to minimize
E(yt y)2
(1)
by either targeting interest rate or money supply wher
University of Victoria
Final Examination, 9th December, 2013
Macroeconomic Analysis
ECON 501: A01
CRN: 11001
To Be Answered In Booklets
Instructor: Alok Kumar
Total Marks: 100
Duration: 2 Hours
Studen
Lecture 2
Dynamic Equilibrium Models : Finite Periods
1. Introduction
In macroeconomics, we study the behavior of economy-wide aggregates e.g. GDP,
savings, investment, employment and so on - and thei
Lecture 3
Keynesian Models
In this lecture, we will analyze Keynesian models. To do this, we will rst develop
IS-LM and AD-AS models. These models are widely used to analyze macroeconomic
issues and p
Lecture 1
Growth
There are vast dierences in the per-capita income and the standards of living across
countries. The average per-capita income of industrialized countries is about ten-times the
averag
Lecture 4
Conduct of Monetary Policy: Goals, Instruments, and Targets;
Asset Pricing; Time Inconsistency and Ination Bias
1. Introduction
In this chapter, we analyze the conduct of monetary policy (or
Lab 1: Solow Growth Model
Question 1: Consider the Cobb-Douglas production function in intensive form:
y f (k) = k ; (0, 1)
(1)
where y and k are output per worker and capital per worker respectively.
Mid-Term Examination: Suggested Answer
Econ 501
21st October, 2011
Duration: 1 Hour
Total Marks 50
Question 1. Consider a Solow model with no technical progress. Suppose that savings
rate, s = 0.12, t
Mid-Term Examination I: Econ 501
Friday, 8th October, 2010
Duration: 1 Hour
Total Marks: 100
(1.) Solow Growth Model: Consider the Cobb-Douglas production function in the intensive
form:
y f (k) = k ;
Mid-Term Examination: Suggested Answer
Econ 501
18th October, 2013
Duration: 1 Hour
Total Marks 50
Question 1. Consider a Solow model with no technical progress. Let the production
function be
Y = F (
Lab 7
Question 1. Example 7, Lecture 2. Suppose that lenders and borrowers have logarithmic utility function: ln c1,i + ln c2,i for i = b, l. Derive equilibrium allocations and
prices.
Suggested Answe
Econ 501: Lab 10
Questions are based on material covered in Lecture 4.
Question 1: Serially Correlated Shocks to LM Curve: Modify the model given in
question 1 in lab 9 as follows. Let y = 0. Suppose
Lab 5: Dynamic Models
(1.) Suppose that the representative consumer has endowment of y units good in the rst
period and 1 unit of time in the second period. Suppose that the second period
production f