Econ 503
Macro Theory
S.L. Parente
Fall 2010
Midterm Exam II (100 points)
Question I. Overlapping Generations Economy (50 points)
An economy consists of overlapping generations of two period lived agents. There is a
single non-storeable consumption good i
Econ 503
Macro Theory
S.L. Parente
Fall 2011
Midterm Exam I
1. Consider the following infinite horizon model economy with two types i=a,b of
households, each of measure 1 defined over two consumption goods. Preferences are
given by
t
i
[ln(c1it ) + i c 2t
Econ 503
Spring 2008
S.L. Parente
Examination I (100 Points)
1. Consider the following Robinson Crusoe or social planner problem. There are two
goods. Good 1 has both a consumption use and an investment purpose. Good 2 is a pure
consumption good. The prod
Econ 503
Spring 2009
S.L. Parente
Examination I (100 Points)
1. Consider the following infinite horizon problem faced by Robinson Crusoe.
There is a single output that can be used for either consumption or investment
purposes.
Preferences: Robinsons perio
Econ 503
Spring 2010
S.L. Parente
Examination I (100 Points)
1. Consider the following finite horizon problem faced by Robinson Crusoe.
There is a single output that can be used for either consumption (ct), physical capital
investment, (xt) or education e
Econ 503
Spring 2011
S.L. Parente
Midterm Exam II (100 points)
1. Monopolistic Competition Model with final good sector and exogenous measure of
varieties.
Household Sector: There is a continuum of identical households of measure 1 uniformily
distributed
Econ 503
Spring 2008
S.L. Parente
Midterm Examination II
1. This problem uses the standard Lucas Tree Model with a single tree, perishable fruit,
and a continuum of measure one of identical infinitely lived agents with utility strictly
increasing in consu
Econ 503
Spring 2009
S.L. Parente
Midterm Exam II (100 points)
1. Consider the following Lucas Tree economy. There is a continuum of measure
one of identical, infinitely lived households. There is a single tree in the economy
that produces fruit, dt, whic
Econ 503
Spring 2010
S.L.Parente
Midterm II
1. Consider the following endowment economy with two household types, each of
measure 1, and two possible states of the world. In state 1 (boom), the total endowment
of the economy is 1+ and in state 2 (recessio
Econ 503
Macro Theory
S.L. Parente
Fall 2010
Midterm Exam II (100 points)
Question I. Overlapping Generations Economy (50 points)
An economy consists of overlapping generations of two period lived agents. There is a
single non-storeable consumption good i
Econ 503
Fall 2012
S.L. Parente
Midterm Exam (10 points per question 12x 10=120 Total Points)
1. Show that the No-Ponzi condition in a deterministic world is just the transversality condition for
the infinite horizon saving problem of a representative hou
Ec 502 Midterm Review Problems - Solutions
Spring 2016 Prof. Adam M. Guren
1. The price of gold rises in busts and falls in booms. Because of this, it should have a
higher return than risk-free bonds.
False. According to consumption-based asset pricing, a
Ec 502 Midterm Review Problems
Spring 2015 Prof. Adam M. Guren
1
Exam Format
The exam will last 80 minutes and have three questions:
1. Four True/False/Uncertain questions. I will provide a statement and you will respond if
it is true, false, or uncertain
Ec 502 Midterm Review Problems
Spring 2015 Prof. Adam M. Guren
1
Exam Format
The exam will last 80 minutes and have three questions:
1. Four True/False/Uncertain questions. I will provide a statement and you will respond if
it is true, false, or uncertain
Ec 502 Midterm Exam
Spring 2015 Prof. Adam M. Guren
NAME:
BU ID:
There are 80 points. Plan to spend approximately 1 minute per point.
1. True/False/Uncertain (5 points): Please say if the statement is true, false, or uncertain
and briefly explain your ans
Ec 502 Problem Set 5
Spring 2016 Prof. Adam M. Guren
Note: Questions 3 and 4 are the meat of this problem set and are long. The other
problems should be shorter.
1. (Lecture 16): IS-MP-AD-AS Model. This question asks you to go through the IS-MPAD-AS model
Ec 502 Midterm Exam Solution
Spring 2015 Prof. Adam M. Guren
There are 80 points. Plan to spend approximately 1 minute per point.
1. True/False/Uncertain (5 points): Please say if the statement is true, false, or uncertain
and briefly explain your answer
Econ 503
Macro Theory
S.L. Parente
Fall 2010
Midterm Exam I
1. Consider the following infinite horizon model economy with two types of households,
each of measure 1. There are two goods, one of which is an endowment good, that can
be used for consumption
Econ 503
Spring 2010
S.L. Parente
Final Examination
1. Consider the following model in which the type of households is infinitely countable,
i.e., I=0,1,2,. Assume measure one of each household type.
(c i )1
Preferences: t ti t
1
t =0
t = i and t = i + 1
Econ 503
Spring 2009
S.L. Parente
Final Exam I (100 points)
1. Consider the following overlapping generations model with production, but no
population growth. (Assume there is measure 1 of each population).
Preferences: Preferences of a person born in per
Econ 503
Spring 2011
S.L. Parente
Midterm Exam II (100 points)
1. Monopolistic Competition Model with final good sector and exogenous measure of
varieties.
Household Sector: There is a continuum of identical households of measure 1 uniformily
distributed
Econ 503
Spring 2010
S.L. Parente
Examination I (100 Points)
1. Consider the following finite horizon problem faced by Robinson Crusoe.
There is a single output that can be used for either consumption (ct), physical capital
investment, (xt) or education e
Econ 503
Macro Theory
S.L. Parente
Fall 2011
Midterm Exam I
1. Consider the following infinite horizon model economy with two types i=a,b of
households, each of measure 1 defined over two consumption goods. Preferences are
given by
t
i
[ln(c1it ) + i c 2t
Econ 503
Macro Theory
S.L. Parente
Fall 2010
Midterm Exam I
1. Consider the following infinite horizon model economy with two types of households,
each of measure 1. There are two goods, one of which is an endowment good, that can
be used for consumption
Econ 403
Macroeconomics
S.L. Parente
Spring 2003
Final Examination
1. Consider the following growth model based on Romer (1986). There is a single good
and a continuum of identical, infinitely lived agents of measure one.
Preferences:
t =0
t
log(ct )
Tech
Econ 403
Macro Theory
S.L. Parente
Spring 2002
Final Examination
1. Consider the following two-sector growth model put forth by Greenwood, Krussel and
Hercowitz. The model is motivated by the observation that the price of investment goods
relative to cons
Econ 403
Ph.D. Macro
S.L. Parente
Spring 2001
Final Examination (100 Points)
1. Consider the following version of the Lucas Asset pricing model. There is a single tree
in the economy with dividends given by the following stochastic process
dt+1=t+1dt.
is
Econ 403
Macro
S.L. Parente
Spring 2000
Final Examination (100 points)
Consider the following economy:
There is a continuum of measure one of infinitely lived agents with preferences given by
[c
t
t =0
Mt
]
+ (1 )cHt ]1 / + log(l t ) ,
where cMt is a goo
Econ 503
Fall 2012
S.L. Parente
Final Examination (150 points)
I. SEARCH An unemployed worker receives every period an offer to work forever at a wage, w, where
w is drawn from the distribution F(w) with support [0,B] where B is finite. Offers are indepen
Econ 503
Fall 2011
S.L. Parente
Final Examination 100 pts
Consider a real business cycle model with variable capital utilization. There is a representative consumer
whose preferences are given by
E0 tU (ct )
t =0
where U is strictly increasing and strictl