Professor Novarro
Pomona College
Economics 51
Homework #2 SOLUTIONS
1. Solution
a.
b.
rm
Tacos are a substitute good. The demand for hamburgers will increase. Equilibrium price
and quantity increase.
Professor Novarro
Pomona College
Economics 51
Homework #3 Solutions
I. Anything with a market price is a scarce good. The higher the market price, the scarcer
the good. The scarcest good would be the
Professor Novarro
Pomona College
Economics 51
1.
Homework #1 Solutions
Its often useful to begin budget constraint problems by setting up a table with the extreme
choices (all of one good or all of th
Microeconomics Cumulative Notes
1/18/17
Definitions:
Economy: a system for coordinating productive activity, distribution, consumption
Market economy: must satisfy three conditions: 1) decisions mad
Economics 101
Homework 4
Due: 2/14/17
1. Assume that velocity is not constant, but the rest of the Classical Model holds. How might a
collapse in velocity be expected to affect nominal and real aggreg
1
Economics 101
Problem Set 1
Due: 1/24/17
Each problem is worth one point unless it says otherwise.
A dot over a variable denotes a derivative with respect to time. For example, ()
()
denotes .
The g
Economics 101
Homework 3
Due: 2/7/17
1. Say if and how each of the following events normally affects the monetary base, the money
multiplier, and the money supply.
a) The Federal Reserve buys bonds in
1
Econ 101
Answers to Homework 1
Spring 2017
1. From the quotient rule, the growth rate in a ratio equals the growth rate in the numerator minus
the growth rate in the denominator. Let GR stand for gr
Economics 101
Homework 2
Due: 1/31/17
Note: Each problem is worth 1 point unless otherwise specified.
1. (2 pts.) Consider a Cobb-Douglas production function with three inputs. K is capital (the
numbe
ECON 102
Fall 2017
Kyle Wilson
Problem Set 1
Instructions: Answer the following questions on a separate sheet of paper. Be sure to
label all graphs clearly (axes, curves, equilibrium points, etc.)
1.
1
Econ 101
Homework 2 Answers
1. a) MPL = =
1 1 2 1
3 3 3
3
Spring 2017
.
So more human capital (H) boosts the marginal product of labor here.
b) MPH =
=
1 1 1 2
3 3 3
3
1
=
1 ()3
2
3
3
So more huma
Problem Set #10
1. There will be an increase in income for country Alpha. A decrease in taxes leads to an
increase in disposable income and investment money for firms. Planned expenditure goes
up, and
Problem Set #9
1.
a. Yt = 150 = C + I
Y(t+1) = 180 = C + I
- make investment (t+1) equal to a value 80% greater than I(t).
- So, if Ct = 140, It = 10, then I(t + 1) = 18, and C(t+1) = 162.
- Yt = 180
Problem Set #7
1.
a) Answer: (E^w/P^w) = 57% & (E^m/P^m) = 63%
- The employment to population ratio for men is higher for men
o Explanation:
Unemployment rate for women (u^w = unemployed/labor force
Problem Set #8
1. n = .02, g = .03, y growth = .01.
a)
b) Output/effective worker is assumed to be 100
Total output grows at (n+g) = 5%
Capital per effective worker
c) Growth of total output(0 to 1) =
4/30/2017
UnitOneExam
Unit One Exam
Ethan Beller is reviewing answers for this assessment.
Points scored may dier from the grading guidelines because of teacher review. Contact your program teacher if
4/30/2017
UnitTwoExam
Unit Two Exam
Ethan Beller is reviewing answers for this assessment.
Points scored may dier from the grading guidelines because of teacher review. Contact your program teacher if
Finance 30210
Midterm #1 Practice Questions
1) Suppose that you have estimated the following regression (standard errors
associated with each are below in parentheses):
Qd = 300 4 P +
(6.5) (1.2) (60
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_
_
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ECON 10
07
Applied Econometric
E
cs
Dr. M.W. Keiil
So
Fall 2016
olution to Problem
P
Set # 1
Bau
uer 315; x733899
_
_
_
_
_
Review
R
of Su
ummation Siigns
Solve Michaeel Klein book
k, Ch. 4
Pomona College
Economics 51
Fall 2016
Professor Lehman
Due in class: 9/22/16
Problem Set 2
Each problem is worth 1 point unless otherwise noted.
1. (2pts) The country of Claremontia trades with only o
Pomona College
Economics 51
Fall 2016
Professor Lehman
Due in class: 9/29/16
Problem Set 3
Each problem is worth 1 point unless otherwise noted.
1. (2 pts) Assume an individual earns a wage of $20 an
Dubey
1
Shanti Dubey
Macro Economics
Professor Lehman
Tuesday, November 29th, 2016
Problem Set 7
House of Debt by Atif Mian and Amir Sufi uses use data and scientific evidence to explain
how the Great
POMONA COLLEGE
Economics 51
Principles: Macroeconomics
Professor Lehman
Due in class 11/10/16
Problem Set 6
(Each problem is worth one point unless otherwise indicated)
1.
(2 pts) If there is again a
Pomona College
Economics 51
Fall 2016
Professor Lehman
Due in class: 9/15/16
Problem Set 1
Each problem is worth 1 point unless otherwise noted.
1. Consider the following quote from the Financial Time
Problem Set 7
Econ 51
Principles of Macroeconomics
Professor Lehman
Due in class 11/29/16
Note: This is Tuesday
It is commonly argued that the collapse of Lehman Brothers led to such uncertainty about
Pomona College
Economics 51
Principles: Macroeconomics
Professor Lehman
Due in class 10/13/16
Problem Set 4
1. For each of the scenarios below, identify the people involved as either frictionally
or c
Dubey 1
Shanti Dubey
Macro Economics
Professor Lehman
9/23/2016
Extra Credit Write Up
The debate between economists Pietra Rivoli of Georgetown and Greg Autry of the
University of Southern California