Economics 302
Wesleyan University
Professor: Bill Craighead
Problem Set #2
Due Wednesday, Feb. 19, at the beginning of class. Write clearly and show your work.
Working in groups is permitted; seeking
Macroeconomic Analysis (Econ 302)
Professor: Bill Craighead
Wesleyan University, Fall 2011
Course outline and reading list
Mankiw refers to N. Gregory Mankiw, Macroeconomics, 7h edition (Worth, 2009)
The IS-LM Model
Economics 302
Wesleyan University
Professor: Bill Craighead
The IS-LM model determines an equilibrium level of interest rates, r, and output (or income), Y . The IS curve represents eq
Economics 302: Macroeconomic Analysis
Wesleyan University
Handout 14
28 November 2001
Assignment on Exchange Rates
Problem 1.
1(a) The LM curve does not shift under exible exchange rates. The interest
Practice exam 3
0. Redo the 2nd practice exam and the 2nd exam as needed.
1. Ashlees preferences over bundles of goods x and y are summarized by the twice
continuously differentiable, strictly quasi-c
1. Derive the meet and join for the following pairs of points:
A. A) x = 5, y = 3 (Answer: Meet = 3, join = 5)
B. x = (12, 5), y = (3, 9) (Answer: meet = (3, 5), join = (12, 9)
C. y =ax, a > 1 (Answer
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Economics 302
Wesleyan University
Professor: Bill Craighead
Problem Set #1
Due Tuesday, September 20, at the beginning of class. Write clearly and show your work.
Working in groups is permitted; seeki
Economics 302
Wesleyan University
Professor: Bill Craighead
Problem Set #3
Due Tuesday, October 4, at the beginning of class. Write clearly and show your work.
Working in groups is permitted; seeking
X
1. A utility function U =u ( x), x n is said to be concave if for all x, x X and scalars
+
t ( 0,1) , f (tx +(1 - t ) x) tf ( x ) +(1 - t ) f ( x) . The function is said to be strictly concave if th
Wesleyan University
ECON 302-01: Macroeconomic Analysis
Professor: David J. Kuenzel
[email protected]
Office: PAC 220
Spring 2017, TR 01:20-02:40, PAC 001
Office Hours: T 3:00-4:00, R 10:30-11:30,
Economics 302
Problem Set 3 Solutions
Spring 2004
Problem 1
(1) Since the real wage is just 1, so the worker should not sell 2 black cards.
(2) Given that the real wage is 4, the worker should sell al
Economics 302 Problem Set 2
Suggested Solutions
1.
Acquire the data file from the web site. This file contains space delimited data series in this order:
time (t), output (Y), capital (K), and labor (
Economics 302: Macroeconomic Analysis
Wesleyan University
Handout 10
April 25 2004
Answers to Expectations Assignment
Problem 1. Note that banks compete for loans to rm A. Since banks can
borrow from
Economics 302: Macroeconomic Analysis
Wesleyan University
Handout 2
January 28, 2004
Assignment on GDP and GPI - Suggested
Answers
Note: Your answers can be dierent depending on the assumptions you ma
Solutions to Problem Set 4
1.
a. False : an increase in G shifts the IS to the right, Y and i, so C because income
has increased, but the effect on I is ambiguous.
b. Uncertain : Y but the interest ra
Problem Set 5 Answers
1
True or false, explain
1. False. It is true for gross exports, since a real devaluation makes
domestic goods cheaper and hence increases the demand for them.
For net exports it
Economics 302: Macroeconomic Analysis
Wesleyan University
Handout 4
February 9, 2004
Introduction to Growth Accounting
Suggested Answers
Labor Productivity
Labor productivity is dened as the output pe
A Mathematical Primer for Intermediate Macroeconomics
Economics 302
Wesleyan University
Professor: Bill Craighead
This note provides an overview of some mathematical tools used in intermediate macroec
Economics 302
Wesleyan University
Professor: Bill Craighead
Problem Set #2
Due Tuesday, Sept. 27, at the beginning of class. Write clearly and show your work.
Working in groups is permitted; seeking a