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Macroeconomics Problem Set 3
Due Tuesday October 15 by 11:00 am
Please type your answers to multiple choice questions in the following table. For the shortanswer questions, please type the answers in the spaces provided below ea
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Macroeconomics Problem Set 5
Due Tuesday December 3 by 11:00 am
Please type your answers to multiple choice questions in the following table. For the shortanswer questions, please type the answers in the spaces provided below each ques
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Macroeconomics Final Exam
Answer Form for Multiple Choice Questions
Question:
1
2
3
4
5
6
7
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Answer:
b
c
a
d
c
a
d
b
a
b
d
Part A. Multiple Choice Questions: Choose only one, most satisfactory answer for each
question (4 point
Name _
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Macroeconomics Problem Set 6
Due Tuesday December 13 by 11:00 pm
Please type your answers to multiple choice questions in the following table. For the shortanswer questions, please type the answers in the spaces provided below each que
Econ 509
Fall 2009
S. Parente
Midterm Exam
Part I.
1. What is the Laffer Curve? Explain its shape and the reason for that shape. 10 pts
The Laffer Curve shows the how government tax revenues change as the tax rate
increases from 0 to 100%. The shape is an
Answer Key for Assignment 1
1. (a) 2k
(b) k-1/2
(c) k-1/2
2. The answers are as follows.
(i) A production function is a mathematical relationship that maps inputs into
output (i.e., Y = F(K,L).
(ii) Constant returns to scale means that if we change the in
Econ 509
S.L.Parente
Present Value and Wealth
Wealth and Present Value Definitions
You may be multi-millionaires and may not even know it. What is the value of your wealth?
In what follows, I want you to determine your individual wealth. You will need to
Suleyman Uckuyu
659031035
ECON 509
The year when I will start my
career *
The year when I will retire*
Current hourly wage
Growth rate of per capita GDP*
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
*
*
*
YEAR
1988
1989
1990
1991
1992
1993
1994
1995
Emre KARPUZ
Econ 509, Spring 2009
Homework 2, Present Value and Wealth
Question 1
I have been working since 2005 and I will restart working in 2010
According to current laws in Turkey I will be able to retire in 2041
Current hourly wage for my position is
Answer Key
I.
Computation problem.
1. Steady state condition: sf(k) = ( + n + g)k. Solve for k*. The graph is in the book.
Intuition: At k* investment just offsets depreciation.
2. Golden Rule: MP(k) = + n + g. The graph is in the book. Intuition: MB=MC.
Econ 509
Problem Set 6: Malthus Excel Exercise
A MALTHUSIAN WORLD
Variable
Meaning / Value
Ct
Aggregate consumption of food
ct
Individual consumption of food
Nt
Number of people
Lt
Acres of land (fixed amount) =
10,000,000,000
Kt
Aggregate capital Stock
Y
Econ 509
S.L. Parente
Static GE Equilibrium and Welfare Gain Exercise
For exercises 1-3, use the benchmark model in class where the government taxes household
labor income and lump sum transfers it back to them.
Exercise 1: (Calibration) Calibrate so as t
MACROECONOMICS (ECON-509)
HOMEWORK
Halis KIRAL
Esin NANGIR
Faik AKAY
1. The consumer utility function is
U(c, l) = cl1-
The consumers budget constraint is:
c + wl <= 100w
(w is the wage, l is the leisure)
The utility maximization condition is:
( U / l) (1
Professor A. P. Villamil
Assignment 1
Econ 509
Fall 2006
1. Take the first derivative of the following simple functions:
(a) y = k2
(b) y = k1/2
(c) y = 2k1/2
2. Consider the following profit maximization problem. Choose L, K to maximize:
pY wL rK, where
Econ 509
Spring 2012
S. Parente
Final Exam
Part I. Labor- Leisure Decision and the Laffer Curve (25 pts)
1. Consider the following static economy given by the following equations.
Utility ln(c H ) + ln(l ) where H stands for households
Production: c f = A
Econ 509
Spring 2013
S. Parente
Final Exam
Part I. Labor- Leisure Decision and the Laffer Curve (25 pts)
1. Consider the following static economy given by the following equations.
Utility ln(c H ) ln(l ) where H stands for the household
Production: c f Ah
Econ 509
Spring 2010
S. Parente
Midterm Exam
Part I. Labor Leisure Decision and Laffer Curve
1. Consider the following static economy.
Utility ln(c d ) + ln(l )
Production: c s = Ah d
Time Endowment of Household l + h s = 100
Suppose the government impose
Econ 509
Spring 2010
S. Parente
Midterm Exam
Part I. Labor Leisure Decision and Laffer Curve
1. What is the Laffer Curve? (10 pts)
2. . Consider the following static economy.
Utility ln(c d ) + ln(l )
(10 pts)
Production: c s = Ah d
Time Endowment of Hous
Econ 509
Spring 2009
S.L. Parente
Midterm Exam (100 Points)
1) You have the choice of enrolling in the MSPE program for two years at a cost of $25,000 per
year, or accepting a permanent job in your country that will pay you a salary wt in year t until
you
Econ 509 Spring 2008 Midterm Exam (100 Points)
S.L. Parente
1. Labor Leisure in the Static Model - Suppose utility is given by ln(c) + ln(l) where l is leisure and c is consumptio. Suppose that an individual has 100 hours of time each week, which they can
AFG
ALB
DZA
AGO
ATG
ARG
ARM
AUS
AUT
AZE
BHS
BHR
BGD
BRB
BLR
BEL
BLZ
BEN
BMU
BTN
BOL
BIH
BWA
BRA
BRN
BGR
BFA
BDI
KHM
CMR
CAN
CPV
CAF
TCD
CHL
CHN
CH2
COL
COM
CRI
CIV
HRV
CUB
CYP
CZE
DNK
DJI
DMA
DOM
ECU
EGY
SLV
GNQ
ERI
EST
ETH
FJI
FIN
FRA
GAB
GEO
GER
GHA
GRC
Calibration
I. Introduction
The main purpose of this chapter is to demonstrate the calibration procedure that will
serve as the main quantitative tool used in this book. We do so using a very important
model in macroeconomics, the Solow Growth Model, name
ECO 302/Final Exam Review Questions
1. Use the Mundell-Fleming model to predict what would happen to aggregate income, the
exchange rate, and the trade balance under both floating and fixed exchange rates in response
to each of the following shocks. Be su