EC202 Assignment :
Unemployment Rates and Inflation
Due Date: April 22 (Wed.)
1. Retrieve the data on unemployment rates and inflation rates for the assigned country for 1960
to 2014 (2013 if 2014 data not available).
2. Create Scatter charts with year la
EC202: Review for Final Exam (May 5,Tue 3-5 p.m.)
Bring your calculator.
Please go over the mid-term exams. About 30% of final exam questions will be from the mid-term
Go over all the HW problems.
Ch. 11 New Classical Economics
1. Concept of Ration
EC202: Review for the Third Exam (April 8, 2015)
Please go over all the homework problems.
CH. 8 Aggregate Demand and Aggregate Supply in the Keynesian System
1. Keynesian AD curve is downward sloping. Why?
2. Keynesian AD with Classical AS
no effect of
CHAPTER 20: LONG -RUN ECONOMIC GROWTH
1. The Neo-Classical Growth Model
A. Production Function
The long-run aggregate prodn fn with constant returns to scale:
Y = A(t)F(K,N)
where A(t) : technological change.
Eq.(1) is rewritten as:
q = A
Ch. 16 Monetary Policy
The Federal Reserve Act of 1913 states:
The Fed and the FOMC shall maintain long-term growth of the
monetary and credit aggregates commensurate with the economys
long-run potential to increase production, .
so as to promote effectiv
New Classical Economics : Rational Expectations
: high inflation and high unemployment of the 1970s
: classical economics
: strong non-intervention
: Robert Lucas, Thomas Sargent