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This is an intermediate level macroeconomic
Econ 2470 (A01)
Macroeconomic Theory and Its Applications 1
Winter 2015
ASSIGNMENT 1
Proposed solutions to assignment 1
Question 1
(A)
Suppose that a high proportion of recent college graduates decide to stay in school seeking
advanced degrees, rather tha
Econ 2470 (A01)
Macroeconomic Theory and Its Applications 1
Winter 2015
ASSIGNMENT 2
Due at the beginning of class: March 13.
Note: You are permitted to work in groups of up to 5 students. Each group should submit one
assignment with the names and IDs of
Econ 2470 (A01)
Macroeconomic Theory and Its Applications 1
Winter 2015
ASSIGNMENT 2Hints on Solutions
Due at the beginning of class: March 13.
Note: You are permitted to work in groups of up to 5 students. Each group should submit one
assignment with the
Econs 2470 A01
Macroeconomic Theory and Its Applications 1
PowerPoint Set 8
8-1
Introduction to Business Cycles
The business cycle is a central concern
in macroeconomics, because business
cycle fluctuations are felt throughout
the economy.
8-2
Introducti
Econs 2470 A01
Macroeconomic Theory and Its Applications 1
PowerPoint Set 9
9-1
Preview
Relationship between the IS-LM and AS-AD
Framework
Neutrality of Money
9-2
The IS-LM model, again.
This name originates from its basic
equilibrium conditions:
inve
Econs 2470 A01
Macroeconomic Theory and Its Applications 1
PowerPoint Set 10
11-1
Goals
Use the IS-LM/AD-AS model with rapidly
adjusting wages and prices to present the
classical model
Examine the relationship between money and
the business cycle
11-2
B
Econs 2470 A01
Macroeconomic Theory and Its Applications 1
PowerPoint Set 11
12-1
Keynesian Business Cycle Analysis:
NonMarket-Clearing Macroeconomics
Keynesian Approach to Business Cycles
A central idea of Keynesianism is that wages
and prices are rigid
Econs 2470 A01
Macroeconomic Theory and Its Applications 1
PowerPoint Set 12
13-1
Unemployment and Inflation
The Phillips curve is a negative empirical
relationship between unemployment and
inflation.
In 1970-2009 there seemed to be no reliable
relation
Econ 2470 (A01)
Macroeconomic Theory and Its Applications 1
Winter 2015
Practice Questions Set 2
Question 1
Suppose the Bank of Canada changes the level of money supply in the economy. Using appropriate
model(s), illustrate the effects of this policy chan
Page 1 of 20
w11-112-v1
Name: _
Turn in exam
question paper
Student Number: _
QUEEN'S UNIVERSITY AT KINGSTON
FACULTY OF ARTS AND SCIENCE
Department of Economics
ECONOMICS 112
Final Examination
April 19, 2011
Instructors:
Ugurhan Berkok (Econ 112X)
Time Li
Econ 2470 (A01)
Macroeconomic Theory and Its Applications 1
Summer 2015
ASSIGNMENT 1
Due in class on May 19 @ 10:45 am
Question 1 (A)
Suppose that a high proportion of recent college graduates decide to stay in school seeking
advanced degrees, rather than
Exam Preparation Assignment 5
This assignment is designed to prepare you for the final exam and test your knowledge of the
existing material. Please use it as such. While group work is allowed, please submit solutions in
YOUR OWN WORDS and be sure you und
Exam Preparation Assignment 3
This assignment is designed to prepare you for the final exam and test your knowledge of the
existing material. Please use it as such. While group work is allowed, please submit solutions in
YOUR OWN WORDS and be sure you und
Chapter 14
Two years ago Rudolph put $3,000 in an account paying 3 percent interest. How much does
he have in the account today?
(a)
$3,180.00
->
(b)
$3,182.70
(c)
$3,183.62
(d)
None of the above are correct to the nearest penny.
Lisa deposits $250 in an
Macro Ch 14 Tools of Finance
True/False
Indicate whether the statement is true or false.
_
1. The future value of $1 saved today is $1/(1 + r).
_
2. The present value of any future sum of money is the amount that would be needed today, at current interest
TEST 1
1. The labour-force participation rate measures the percentage of the:
A)
total adult population that is in the labour force.
B)
total adult population that is employed.
C)
labour force that is employed.
D)
labour force that is either employed or u
Practice Exam: Econ 2470 (D01)
Term: Fall 2014
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Under a fixed exchange rate regime, the central bank must act to keep: 1) _
A) E = 1.
B) NX = 0.
C) i
Exam Preparation Assignment 1 Version 1:
ANSWER KEY
Grading criteria/marking rubric
Assignment is worth 2 percent of final mark.
2
Every question on the assignment was attempted.
1
Some of the questions on the assignment were attempted.
0
Assignment was n
Exam Preparation Assignment 2 Version 1:
ANSWER KEY
Grading criteria/marking rubric
Assignment is worth 2 percent of final mark.
2
Every question on the assignment was attempted.
1
Some of the questions on the assignment were attempted.
0
Assignment was n
Exam Preparation Assignment 4 Version 1:
ANSWER KEY
Grading criteria/marking rubric
Assignment is worth 2 percent of final mark.
2
Every question on the assignment was attempted.
1
Some of the questions on the assignment were attempted.
0
Assignment was n
Exam Preparation Assignment 5 Version 1:
ANSWER KEY
Grading criteria/marking rubric
Assignment is worth 2 percent of final mark.
2
Every question on the assignment was attempted.
1
Some of the questions on the assignment were attempted.
0
Assignment was n
Exam Preparation Assignment 3 Version 1:
ANSWER KEY
Grading criteria/marking rubric
Assignment is worth 2 percent of final mark.
2
Every question on the assignment was attempted.
1
Some of the questions on the assignment were attempted.
0
Assignment was n
Exam Preparation Assignment 2
This assignment is designed to prepare you for the final exam and test your knowledge of the
existing material. Please use it as such. While group work is allowed, please submit solutions in
YOUR OWN WORDS and be sure you und
Exam Preparation Assignment 4
This assignment is designed to prepare you for the final exam and test your knowledge of the
existing material. Please use it as such. While group work is allowed, please submit solutions in
YOUR OWN WORDS and be sure you und
Exam Preparation Assignment 1
This assignment is designed to prepare you for the final exam and test your knowledge of the
existing material. Please use it as such. While group work is allowed, please submit solutions in
YOUR OWN WORDS and be sure you und
Econ 2470 (A01)
Macroeconomic Theory and Its Applications 1
Summer 2015
ASSIGNMENT 2
Due at the beginning of class: June 11.
Question 1
a) With the aid of a graph, explain the concept of a J curve.
b) What is the effect of a real depreciation on the curre