Econ 302
Fall 2012
Problem Set 1 Solution
1) Consider the following estimates for an iPad sold in Canada in 2010: retail price
$550 (say at Best Buy), Apple (a U.S. corporation) wholesale price $475, Apple
intermediate costs $385. Of Apples intermediate c
Econ 302
Fall 2012
Problem Set 4
(Due Wednesday November 14 in Class)
Please Print and Answer in the Provided Space
(1) Suppose households choose consumption C and the fraction of their time spent
working N to
maxC
C ,N
(1 N )1
s.t
Assume 0 < < 1 .
pC = w
Econ 302
Fall 2012
Problem Set 1
(Due Monday September 17 before 3:30pm in the Economics office, Buchanan Tower
997)
Please Print and Answer in the Provided Space
1) Consider the following estimates for an iPad sold in Canada in 2010: retail price
$550 (s
Econ 302
Fall 2012
Problem Set 2
(Due Monday October 1st in class)
Please Print and Answer in the Provided Space
(1) Cobb-Douglas Production Function the basics
In class we mentioned four properties that we typically require production functions
to satisf
Econ 302
Fall 2012
Problem Set 2
(Due Monday October 1st in class)
Please Print and Answer in the Provided Space
(1) Cobb-Douglas Production Function the basics
In class we mentioned four properties that we typically require production functions
to satisf
Econ 302
Fall 2012
Problem Set 5
(Due Friday November 30 in Class)
Please Print and Answer in the Provided Space
(1) Using consumption smoothing theory, rank the following from the biggest to the
smallest consumption increase among recipients. (For simpli
Econ 302
Fall 2012
Problem Set 4
(Due Wednesday November 14 in Class)
Please Print and Answer in the Provided Space
(1) Suppose households choose consumption C and the fraction of their time spent
working N to
maxC
C ,N
(1 N )1
s.t
Assume 0 < < 1 .
pC = w
Econ 302
Fall 2012
Problem Set 5
Please Print and Answer in the Provided Space
(1) Using consumption smoothing theory, rank the following from the biggest to the
smallest consumption increase among recipients. (For simplicity you can assume
that consumers
University of British Columbia
Econ 302
Final
Instructor: Alfred Kong
Name:
Student Number:
Total: 60 Points
Instructions: This exam contains two parts and is 150 minutes long. Part A has 35 multiple
choice questions, and Part B has 8 short answer questio
1) The idea behind the Phillips curve is that _.
A) tight labor markets lead to inflationary pressures
B) when the unemployment rate is low, wages will increase
C) when firms raise wages to attract new workers, prices will also increase
D) all of the abov
Econ 302
Fall 2012
Problem Set 2
(Due Monday October 15 in Class)
Please Print and Answer in the Provided Space
(1) Growth Accounting I.
Assume three economies that experienced similar growth patterns of output, but
different growth patterns of capital an
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Chapter 3
Aggregate
Production and
Productivity
2 of 59
In this chapter, we will look at
1) the production process in the aggregate economy
2) the fundamental factors of production
3) what determines the prices and income of the factors of
product
MP, IS and AD
In Class Exercise
1. Suppose an economy is characterized by the following functions:
MP: r = 2+
IS: Y = 20-2r
Will be discussed in later chapters, but the aggregate supply function is
= 2 + (Y-15)
and does not change in the entire question.
Chapter 2: Gross Domestic Product - A Review
WENDY KEI
Vancouver School of Economics
University of British Columbia
ubc_econ302@hotmail.com
Economic 302 Intermediate Macroeconomic Analysis I
September 11, 2015
c WENDY KEI , 2015
Chapter 2: Gross Domestic
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Chapter 11
Aggregate Supply and
the Philips Curve
2 of 23
In this chapter, we will
1) understand how the economic professions views on the
Phillips curve evolved over time and how it has affected
thinking about macroeconomic policy
2) understand h
1 of 59
Chapter 7
Romer Model
2 of 59
In this chapter, we will
1) examine policies to promote productivity growth
2) develop a theory of economic growth that
analyzes productivity changes endogenously
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TFP Growth
Both growth accounting and the Solo
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Welcome to Econ
302!
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Contact Information
Instructor: Alfred Kong
Office: Buchanan Tower 627
Office Hours: Tuesday 2:00 to 3:00pm
Email: alfred.kong@ubc.ca
TA: Bipasha Maity
Office: Buchanan Tower 1099C
Office Hours: Tuesday Thursday 3:00 t
Econ 302 2015T2
NAME:
Problem Set 3
Due Thursday February 11, 2016, in class
Please print and provide answers in the provided space
Question 1 Assume an economy with a production function Y = F (K, N ) = K + 2N . The
saving rate is s > 0, the depreciation
EQUATION SHEET
(*) Real GDP = Y = C + I + G + N X
(*) Nominal GDP= P Y
(*) GDP Deator= P
(*) Exchange Rates: enom =
Foreign Currency
;
US Dollar
epp =
Price in country i
;
Price in US
i pi,t1 qi,t
i pi,t1 qi,t1
(*) Chain Weighted GDP Growth Rate: gY,t =
e
Economics 302-001 Discussion Session #1
Practice questions
Chapter 3: Factors of Production
Course instructor: Wendy Kei
Teaching assistant: Natasha Kang
Remarks:
1. Please let me know via email (ubc_econ302@hotmail.com) if you spotted any errors.
1
2
Que
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Chapter 13
Macroeconomic
Policy and AD-AS
Model
2 of 53
In this chapter, we will
1) understand the objectives of macroeconomic policy
2) understand the relationship between stabilizing inflation
and stabilizing economic activity
3) understand the
Economics 302-001 Assignment #1
Wendy Kei
Deadline: Sunday September 27, 2015 at 11:59pm Pacic Time
Please let me know via email (ubc_econ302@hotmail.com) if you spotted any errors.
Please submit your assignment as a PDF le on the course Connect site.
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Chapter 12
The Aggregate
Demand and
Supply Model
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In this chapter, we will
1) develop the aggregate demand and aggregate
supply model from the previous three chapters
2) understand developments in the 2007-2009 period
using aggregate demand
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Chapter 9
IS Curve
2 of 38
In this chapter, we will
1) discuss what is business cycle.
2) examine the economic data that underlie the
business cycle.
3) study the two schools of thought on business
cycles: Keynesian and classical economics
4) deve
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Chapter 6
Solow Growth
Model
2 of 59
In this chapter, we will see
1) What equilibrium condition is useful in analyzing long-run
growth?
2) What effect does a higher savings rate have on long-run
growth?
3) What effect does faster population growth
Solow Growth Model
In Class Exercise
1. Assume that the economys production function is Cobb-Douglas:
1
2
1
2
Y AK L
n 2%
A 5
s 5%
3
a) Suppose initially K = 10,000 and L = 1,000 in the economy at time t, calculate the
output per worker, y, and the capi
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Chapter 11
Aggregate Supply
and
the Philips Curve
2 of 23
In this chapter, we will
1) understand how the economic professions views on the
Phillips curve evolved over time and how it has affected
thinking about macroeconomic policy
2) understand h
1 of 29
Chapter 10
Monetary Policy
and Aggregate
Demand
2 of 29
In this chapter, we will
1) study the positive relationship between real interest rates
and inflation, which is called the monetary policy (MP)
curve
2) develop the aggregate demand curve usi
1 of 54
Chapter 13
Macroeconomic
Policy and AD-AS
Model
2 of 54
In this chapter, we will
1) understand the objectives of macroeconomic policy
2) understand the relationship between stabilizing inflation
and stabilizing economic activity
3) understand the
1 of 29
Welcome to Econ
302!
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Contact Information
Instructor: Alfred Kong
Office: Iona 011
Office Hours: Thursday 10:00 to 10:45am
Email: alfred.kong@ubc.ca
TA:
Office:
Office Hours:
Email:
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Course Website
Connect
http:/elearning.ubc.ca/conn