Economics 205C
Spring 2011
K. Kletzer
Study Guide for Midterm
Midterm Weds May 16, 2012, 12:00-1:45pm in the Econ Dept Library, Room 406
1. Be able to explain what Ricardian equivalence means and demonstrate in a simple example.
2. Be able to show how unf
Economics 205C
Spring 2012
K. Kletzer
Final Study Guide
The exam will have some choice on it. I will write it expecting it to take two and one half hours to write.
I. Newer topics
1. The Kiyotaki and Moore credit cycles model
a) Suppose there is an unanti
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Economics 205C
Spring 2012
K. Kietzer
Midterm Exam
(Gihhh'lhis question considers the optimal labor income tax rate in a special case. The representative
households utility function is
00 610 n1+v
UDZEszgt (ita u litqr)
The production function is line
.\}f\l iitvttrt (lih'f
Economics 205C
Spring 2012
K. Klelzer
Final Examination
Instructions: The questions on this exam ask you to show what you know. You should use mathematics
and write out models with explanations but use your time wisely. Do FOUR of t
Economics 205C
Spring 2012
K. Kietzer
Midterm Exam
(Gihhh'lhis question considers the optimal labor income tax rate in a special case. The representative
households utility function is
00 610 n1+v
UDZEszgt (ita u litqr)
The production function is line
Econ205C: Problem Set 2
Professor Kenneth Kletzer
1/?
Jae Hoon Choi
May 1, 2012
1. The simple tax-smoothing model: Suppose that the deadweight costs of taxatoin are mea-
T
sured by Zr : th('r ) where T! = 4 is the tax rate and Y is an exogenous random va
.\}f\l iitvttrt (lih'f
Economics 205C
Spring 2012
K. Klelzer
Final Examination
Instructions: The questions on this exam ask you to show what you know. You should use mathematics
and write out models with explanations but use your time wisely. Do FOUR of t
Ec011205C: Problem Set 1
Jae Hoon Choi
April 12, 2012
1. Consider a representative household economy with government. The household seeks to max-
imize utility given by
00
U: : E} Z situ.(c5, l its)
3:!
subject to the budget identity.
(n+1 : + T')CI§ + ut