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Unemployment Quiz
1. unemployment means:
2. unemployment rate =
3. the categories of causes of unemployment:
4. types of disequilibrium unemployment:
,
,
5. types of equilibrium unemployment
first types:
it occurs when
Solutions to reduce unemployment
Sec
The policies to reduce deflation
Deflation means a fall in prices (a negative inflation rate). Policy makers should generally be
concerned if there is an inflation rate of less than the target of 2%.
For example, in the Eurozone Jan 2015, the headline inf
Low unemployment exercise
Rewrite the following statements and fill in the blanks by using the terms provided below.
Labour costs
Collective
Searching
Fire
Natural
Stopped
Discouraged
Tax
Permanent
Hire
Structural
Employed
Decrease
Technological
Rigidity
Inflation calculation
a)
weighted price= price x weight
weighted price in 2001= 2.10x20+1.60x25+0.75x10+1.05x30+0.45x15 =127.5
weighted price in base year= 2.00x20+1.50x25+0.80x10+1.00x30+0.40x15= 121.5
weighted price index in 2001 (CPI)= weighted price i
SSPs policies market based policies
Rewrite the following statements and fill in the blanks by using the terms provided below.
Dismissal
Minimum wage
Wages
High
Upturn
Hire
Insurance contributions
Unemployment benefits
Poverty
Collective bargaining
Costs
Calculation for economic growth
Q1: Base on the following data, do the related calculation.
accounts
value
Consumption spending by households
$100 billion
Total investment spending by firms
$15 billion
Depreciation of firms existing capital stock $3 billi
Revision quiz for demand side policies and supply side policies
Demand side policies:
Definition:
2.4 Fiscal policy
the government budget
sources of government revenue:
1.
2.
3.
types of government expenditure:
1.
2.
3.
budget:
budget deficit:
budget sur
The following information relates to the economy of Atlantis.
Annual expenditure
Consumption
Investment
Government spending
Exports
Import
Capital consumption= $2 bn
Net property income from abroad=-1$bn
MPC=0.5 MPS=0.2 MPT=0.2 MPM=0.1
$ bn
18
5
8
3
4
a)
Joonmo Kang
Economics 41
Fall 2011
Handout Week 8
Summary of Statistical Facts and Confidence Intervals
Summary of Necessary Theoretical Results
Just review the result needed. Proofs are omitted.
Theorem 1 Let X1 , , Xn be n independent chi-square random
Handout for TA session 41-2: Week 4
Yi Chen, Oct.181
A. Special Discrete Distributions
Concepts:
Bernoulli Distribution: A Bernoulli trial is an experiment with two, and only two possible outcome.
A variable X has a Bernoulli (p) distribution if:
X=
(
1 w
Joonmo Kang
[email protected]
Economics 41
Statistics for Economists
UCLA
Fall 2011
Handout Week 5
Special Discrete Distributions, Estimation and
Linear Functions of Independent Random Variables
Before starting, Ill introduce THE VERY MOST IMPORTANT co
Joonmo Kang
Economics 41
Fall 2011
Handout Week 6
Continuous Probability Distribution
Continuous Probability Distributions
Lets start by defining the probability density function (pdf).
Definition 1 (Probability Density Function) An integrable function f
Handout for TA session 41-2: Week 8
Yi Chen, Nov.151
A. Theoretical Results for Statistical Inference
Concepts:
T Distribution: We say that T has a Students t distribution with r degrees of freedom if
Z
T =p
U=r
2
where (1) Z has N (0; 1) distribution, (2
Binomial
b (N; p), N xed, p unknown parameter.
(i) Find out the likelihood function,
L (p) = f (x1 ; p) f (x2 ; p) : : : f (xn ; p)
N x2
N x1
p (1 p)N
=
p (1 p)N x1
x2
x1
N
N
N
n
=
:
p i=1 xi (1 p)nN
x1
x2
xn
N
N
N
:
x1
x2
xn
just like constant in maximiz
Handout for TA session 41-2: Week 9
Yi Chen, Nov.221
A. Something more on
2 ; t; F
Distribution
It seems that many of you are very confused with the formulas professor written in class for
these distribution. At the beginning, Ill try to give you some int
Handout for TA session 41-2: Week 5
Yi Chen, Oct.251
A. Continuous Distribution Function
Concepts:
Probability Density Function (p.d.f.): The probability density function" of a random variable of
the continuous type, with space S that is an interval or un
Joonmo Kang
[email protected]
Economics 41
Statistics for Economists
UCLA
Fall 2011
Handout Week 4
Bayess Theorem, Discrete Probability Distributions, and Expectation
Bayess Theorem
Bayess theorem is closely related to the conditional probability. Actu
Handout for TA session 41-2: Week 6
Yi Chen, Nov.11
A. Normal Distribution
Concepts:
Normal Distribution: The random variable X has a normal distribution N
1
f (x) = p
2
It has mean
2
and variance
distribution, with c.d.f.
exp
"
(x
)
2
2
2
#
;
2
if its p.
Joonmo Kang
Economics 41
Fall 2011
Handout Week 7
Normal distribution, CLT, Approximation and Summary of all
1
Normal distribution
The normal distribution is the most important distribution in statistical applications since many
estimators have approximat
Joonmo Kang
Economics 41
Fall 2011
Handout Week 9
Confidence Intervals and Tests of Hypotheses
Basic Tests Concerning One Parameter
Confidence Intervals and Tests of Hypothesis
Basically, there are three kinds of statistical inference: point estimation, s