M a n k i w _ T e x t_P r ob _7_p a r t_ a_b _7e
We know that
National Saving = Private Saving + Public Saving
Private Saving = [Y
T
Public Saving = [T
G]
National Saving = [Y
C]
T C] + [T
G] - [T
G] = Y C - G
However, you need to keep in mind that since
Homework Assignment #2
ECO 3223, Summer 2013
Instructions: Answer each of the following questions, showing your work where appropriate.
Due: Thursday, June 6th at the beginning of class
1. What is the default risk on a bond? What sort of bond has the lowe
Kelly Neuner
Student ID: 4404507
ECO 3223: Money & Banking
Dr. Joel Carton
May 18, 2012
Homework Assignment #1 ECO 3223, Summer A 2013
Instructions: Answer each of the following questions, showing your work where appropriate. Due:
Thursday, May 23rd at th
Homework Assignment #1
ECO 3223, Summer A 2013
Instructions: Answer each of the following questions, showing your work where appropriate.
Due: Thursday, May 23rd at the beginning of class
1. Describe the difference between money market debt instruments an
GEA 3212 Exam One Study Guide
Chapter 1
What are some general characteristics of Canada, and why did they coin the term
multiculturalism ? What is Nunavut? Where is most of the population of Canada located? How
are subregions determined?
Chapter 2
What i
Homework Assignment #3
ECO 3223, Summer A 2013
Instructions: Answer each of the following, showing your work wherever appropriate.
Due: Tuesday, June 18th at the beginning of class
1. You read in the Wall Street Journal that stock analysts are forecasting
ECO 3223: MONEY AND BANKING
SUMMER A, 2013
Instructor: Dr. Joel D. Carton
Office: DM 313B
Phone: 305-348-2682
E-mail: [email protected]
Webpage: http:/www2.fiu.edu/~cartonj
OFFICE HOURS AND APPOINTMENTS:
I will hold drop in office hours on Tuesdays from
Chapter 4
Consumer Choice
Multiple Choice
1)
An indifference curve represents bundles of goods that a consumer
(a)
(b)
(c)
(d)
views as equally desirable.
ranks from most preferred to least preferred.
prefers to any other bundle of goods.
All of the above
Simple Keynesian Model An Example
Y = C+I+G Model
Given the following simple macroeconomic model:
C = 500 + 0.75 (YT)
G = 600
T = 1000
I = 1500
Determine the equilibrium level of income Y:
E=C+I+G
In equilibrium E = Y, therefore
Y=C+I+G
Y = 500 + 0.75 (YT
M a n k i w _ T e x t_ C h a p t e r _11_P r ob _1_d
amounts. The effect on income (Y) is determined by the effect of each variable times its
respective multiplier.
- [MPC / (1
- [MPC / (1
MP
MPC)] - [MPC / (1
MPC)] / (1
According to the Keynesian model,
MapQuiz2:StatesandProvinces
American States
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Mi
GEA 3212 Exam Three Study Guide
Chapter 15
What are the major landforms of California (CA) and how were they formed? What is the
climate of CA, and how is it affected by the landforms, latitude and elevation? What vegetation
features are associated with t
GEA 3212 Exam Two Study Guide
Chapter 11
What is the geologic foundation of the Great Plains? What types of landforms did Aeolian
processes create in the GP? What is the climate like in the GP? What two processes provide
moisture to the GP? What is a squa
Chapter3
St. Augustine, FL: Oldest continuously occupied settlement by
Europeans in North America (Castillo de San Marcos, 1695)
HistoricalSettlementofNorthAmerica
EarlyPerceptions
PristineMyth:Wild&forbidding;paradiseoverflowingwithwealth
&promise track
CONSUMER PRICE INDEX
An Overview
The Consumer Price Index (CPI) is a price index containing a fixed basket of
goods. It measures the average change in prices over time in a fixed market
basket of goods and services. The CPI is known as a Laspeyres type in
Mankiw, Chapter 3, Textbook, Problem #3, part b. (Solution)
Suppose that an economy s production function is Cobb-Douglas with
parameter =0.3
(Part b.) What happens to output if the labor force rises by 10%? What
happens to the price of labor and capital
T C (y ) = a + by + cy 2 + dy 3 ,
a, b, c,
d
T C (y ) = 100 + 20y + y 2 .
T C (y ) = 2 + 28y 3y 2 +
y3
.
3
T C (y ) = 100 + 10y y 2 +
y3
.
3
p
n
T C (y ) = 16 + y 2 .
Qd (p) = 24 p.
T C (Q) = 10 + 5Q
Q(P ) = 100 P
T C (Q) = 100 + 5Q
Q(P ) = 400P 2
T C ( Q
Intermediate Microeconomics
ECO 3101
Assignment #1
1. Dierentiate the following:
(a) y = (9x2 2)(3x + 1)
(b) y = (ax b)(cx2 )
(c) y = (x2 + 3)x1
(d) y = 4x (x + 5)
2. Given y = u3 + 1, where u = 5 x2 , nd dy/dx.
3. Given w = ay 2 , where y = bx2 + cx, nd
Intermediate Microeconomics
ECO 3101
Assignment #1
1. Dierentiate the following:
(a) y = (9x2 2)(3x + 1)
(b) y = (ax b)(cx2 )
(c) y = (x2 + 3)x1
(d) y = 4x (x + 5)
2. Given y = u3 + 1, where u = 5 x2 , nd dy/dx.
3. Given w = ay 2 , where y = bx2 + cx, nd
Kelly Neuner
May 16, 2013
Summer A
Professor Carton
ECO 3223 T&Th (2:40-6:00 PM)
ECO3223: Money & Banking
Chapter 4: Interest Rates
I. Types of Debt Instruments
II. Calculating Nominal Interest Rates
A. Different Equs
B. Simple Loans, Discount Bonds
C. Pr
Homework Assignment #3
ECO 3223, Summer A 2013
Instructions: Answer each of the following, showing your work wherever appropriate.
Due: Tuesday, June 18th at the beginning of class
1. You read in the Wall Street Journal that stock analysts are forecasting
ECO3223: Money & Banking Formulas
Simple Loans
CF = cash flow
i = annual interest rate
n = number of years
Fixed Payment Loans
LV = loan value
FP = fixed loan payment
n = # of years until maturity
Zero Coupon Bonds
FV = face value
PVo = present value
i =
Production and the
Cobb-Douglas
A Primer
The Production Function
A production function defines the
relationship between inputs and the
maximum amount that can be produced
within a given time period with a given
technology.
The Production Function
We will
Applied Macroeconomics
Measuring Output
Gross Domestic Product
GDP
Measures using the Expenditure Approach
An Example:
Calculating Disposable Income Using 1994 Data:
Gross Domestic Product
Minus Depreciation (CCA)
Gross Domestic Product
Equals Net Domesti
Marginal Propensity to Consume (c)
As income increases, the consumption generally rises. The MPC is the
change in consumption for every additional $1 change in income. For
example, if the MPC is 0.75, a $1 increase in income increases consumption
by (0.75
M a n k i w , T e x t b oo k , P r o b l e m #1, 7e
Sto r e of v a l u e
In general, money is not a good store of value because it depreciates over time because of
inflation. Other assets may be better stores of value like, expensive paintings, stamp
coll
M a n k i w _St u d y G u i d e_ C h a p t e r 4_ E x e r c i se_6
We are given that money demand is (M/P)d = i -0.1 Y and that output Y =
100. The equation states that money demand depends on nominal interest
rates (i) and output (Y).
Given that output (