Tutorial Assignment 6: Eco 3020F_Advanced Microeconomics
1. Explain the difference between moral hazard and adverse selection
Moral hazard refers to a situation where one side of the market cant observe the actions
of the other side. Howeve
Tutorial 12 Assignment
Williamson, Chapter 16
If the nominal exchange rate is fixed, will PPP hold?
Explain why the RER is a relative price and show the formula to calculate it.
Chapter 11: A real Inter-temporal Model with Investment
Question 1 [20 marks]
Determine the equilibrium effects of an anticipated increase in future total factor productivity (z) in
the real intertemporal model with inves
Tutorial Assignment 5: Eco 3020F_Advanced Microeconomics
The submission deadline is Monday 24 March at 12:00.
Table 1. Definition of,
Tutorial 11 Assignment
Williamson, Chapter 15
Explain why can we describe the current account balance as reflecting the internal
balance as well as external balance? Is it related to the public sector or the
CHAPTER 11: A Real Intertemporal Model with Investment
Construct a real inter-temporal model that will serve as a basis for studying money and
business cycles later on.
Understand the investment decision of the firm.
Show through this model how
CHAPTER 9: A Two-Period Model: The ConsumptionSavings Decision and Credit Markets
Intertemporal choices & dynamic issues
Consumers consumption/savings decision in the two-period model.
Consumers responses to changes in income and real interest r
CHAPTER 11 (PART B)
An in G or G lifetime tax burden Shifts the NS & Y s Curve to the right.
An Increase in Current z (or in K) causes the production function to shift up, Nd and Y s to
Shift to the right
Now, using this model we can conduct 6 experiments