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
Answers for ECON222 exercise 2 Winter 2010
Question 1: Productivity, Output and Employment (20 Marks)
Part a): (6 Marks)
Start by taking the derivative of the production wrt labour, which is then set
Econ 222
Macroeconomic Theory I
Winter Term 2017
Assignment #3
DUE: Drop Box 2nd floor Dunning Hall by NOON on March 10
No late submissions, No group submissions,
No photocopy answers will be accepted
Question 1: National Income Accounting
There are only 3 goods called edibilia, dressia, shelteria produced and sold in the thecountry of
Danaka. The thefollowing tables show the theamount sold (in mil
Ariana Gantous!
10143189!
Professor Mike Kennedy
Due January 22 , 12pm
Econ 222
Macroeconomic Theory I
Winter Term 2016
Assignment #1
Question 1: Some Canadian Macroeconomic Data
A)
GDP by Expenditure
Long-Run Economic Growth
Prof Mike Kennedy
Growth experiences:
Three large
15
10
5
0
-5
-10
-15
groups of countries
World
Emerging
marketand
Advanced
economies
developing
economies
Growth experiences:
Introduction to Macroeconomics
Prof Mike Kennedy
A word about the course
Everybody wants to pass.
Question is: how do you do it?
Turns out the answer is easy and not surprising:
Study
Do the assign
QUEEN'S UNIVERSITY
FACULTY OF ARTS AND SCIENCE
DEPARTMENT OF ECONOMICS
ECON 222
Macroeconomic Theory I
Winter Term 2016
Sections 001 and 002
Instructors M Kennedy and W Zhu
Midterm Examination
Februar
QUEEN'S UNIVERSITY
FACULTY OF ARTS AND SCIENCE
DEPARTMENT OF ECONOMICS
ECON 222
Macroeconomic Theory I
Winter Term 2017
Sections 001 and 002
Instructors S Dolatabadi and M Kennedy
Midterm Examination
Answer
key
for
Question
A.1:
Consumption
a) We
can
mid-term
start with
Winter
(30
2016: Long questions
marks)
consumption in
period 2;
c2 (1 r)(w y1 c1 ) y2 .
Dividing
the
left
c1
both sides by
hand
ECON222 Mid term Solutions Winter 2017
Part A: Long questions
A.1 Consumption (30 marks)
The slope of the utility curve is:
dc2
12 c2
=
dc1
13 c1
As well,
ECON 222 - Macroeconomic Theory I
Assignment Four
Fall Term 2015
Due: Drop Box 2nd Floor Dunning Hall on Friday, November 27th before 12:00pm
No late submissions will be accepted
No group submissions
Econ 222- Macroeconomic Theory
Question 1
a)
Real GDP for Canada, Ontario, Quebec, and Alberta from 1981-2010
1400000
1200000
1000000
800000
Real GDP (in millions $)
600000
400000
200000
0
Year
Canada
Econ222 Week 1 Lecture 1
2017 9 11
10:53
Introduction
IS-LM-FE Model
Goal 1:
1 Develop a model that we can use to analyses the effect of the policies on the economy.
Ex: September 6th
Bank of Canada
Demand and supply
analysis
The magic of the market
1
Example
The Albert Koehl article Toronto learns the cost of free parking,
http:/www.theglobeandmail.com/globe-debate/toronto-learns-the-cost-of-fre
Question 1: Qualitative implications in the IS-LM-FE:
(a) Tougher immigration laws reduce the working-age population.
w
N
s'
N
s
w'
w
Nd
N
From the diagram, we can know that due
to
the new immigration
Econ 222
Macroeconomic Theory I
Winter Term 2017
Assignment #1
DUE: Drop Box 2nd floor Dunning Hall by NOON on January 27
No late submissions, No group submissions, No photocopy answers will be
accept
ECON222
Macroeconomic Theory I
Winter Term 2017
Assignment 2
th
Due: Drop Box 2nd Floor Dunning Hall by noon Friday, February
10
No late submissions will be accepted
No group submissions will be accep
ECON 222
Macroeconomic Theory I
Fall Term 2011/12
Assignment 3
Due: Drop Box 2nd Floor Dunning Hall by noon March 16th 2012
No late submissions will be accepted
No group submissions will be accepted
N
ECON 222
Macroeconomic Theory I
Fall Term 2010/11
Assignment 3
Due: Drop Box 2nd Floor Dunning Hall by noon March 18h 2011
No late submissions will be accepted
No group submissions will be accepted
No
Queens University
Department of Economics
ECON 222
Macroeconomic Theory I
Winter Term 2012/13
Sections 001 (Cozzi) and 002 (Kennedy/McKeown)
Midterm Examination
Please read all questions carefully. Re
ECON 222
Macroeconomic Theory I
Fall Term 2012/13
Assignment 1 - REVISED
Due: Drop Box 2nd Floor Dunning Hall by October 1, 2012 2012
No late submissions will be accepted
No group submissions will be
Queens University
Department of Economics
ECON 222
Macroeconomic Theory I
Fall Term 2011/12
Assignment 3
Due: Drop Box 2nd Floor Dunning Hall by November 16th 2011
No late submissions will be accepted
ECON 222
Macroeconomic Theory I
Fall 2014
Assignment 2
Due: Drop Box 2nd Floor Dunning Hall by October 10, 2014 at noon
No late submissions will be accepted
No group submissions will be accepted
No Ph
ECON 222
Macroeconomic Theory I
Winter Term 2010/11
Assignment 1
Due: Drop Box 2nd Floor Dunning Hall by noon January 28th 2011
No late submissions will be accepted
No group submissions will be accept
ECON 222
Macroeconomic Theory I
Fall Term 2012/13
Assignment 3
Due: Drop Box 2nd Floor Dunning Hall by 1:00 pm November 12, 2012
No late submissions will be accepted
No group submissions will be accep
Queens University
Faculty of Arts and Science
Department of Economics
ECON 222
Macroeconomic Theory I
Fall Term 2014/15
Section 002
Instructor:
Bill Dorval
Midterm Examination
October 30th 2014
Please
Question 1:
A) Figure 1: Real Canadian GDP Growth Over Time
\
The graph shows that expenditure on non-durable goods does not fluctuate much with GDP, presumably
because this category includes necessit
Question 1:
a) To determine the demand for labour, we derive for marginal product for labour and set it equal
to w (the wage rate) and then isolate for N, calling it ND, creating an expression for lab
1. A) The formula to determine growth in either country is as follows:
X
gY =g A +() g K + ( ) g N
M
This gives growth of output in Mexico as
gY =2 +0.2 ( 1 ) +0.6 ( 2 )=3.4
And the growth of output i
V=
1. a) The formula for the velocity of money is
M Y
=
P V
Therefore:
Y P
M
Md
Y ( r + e )
P
and in the question money demand is given as
Y
e
Which gives: P [ ( r + ) ]
M
And therefore the velocity