MGEA05H3 S (LEC30) 2016 WINTER
INTRODUCTION TO MACROECONOMIC
FINAL EXAMINATION
MICHAEL HO
TIME: 2:00 4:30PM
DATE: APRIL 12TH, 2016
LAST NAME:
FIRST NAME
STUDENT #:
INSTRUCTIONS:
(i)
Only NON-PROGRAMMA
HISA04H3F
Themes in World History
Fall 2017
Midterm Examination
The midterm exam will be made available to students on Monday morning 16 October at 8.00am.
you are expected to spend approximately two
1. y [1,1] x [
, ] sin x = y
2 2
y ( arcsin y ) arc sine y
x x = sin 1
y = sin 1 x
2. y [1,1] x [0, ] cos x = y
x x = cos 1 y ( arccos y ) arc cosine y
y = cos 1 x
3. y R x ( , ) tan x
Chapter 15 Monetary Policy
Outline
Introduce the money demand curve and factors affecting the money demand.
Introduce the theory of liquidity preference and using it to determine the
interest rate.
Chapter 12 Aggregate Demand and Aggregate Supply (Part 1)
Outline
Derive the aggregate demand curve from the income-expenditure model.
Derive the short-run & long-run aggregate supply curves.
Discu
Chapter 12 Aggregate Demand and Aggregate Supply (Part 2)
Outline
Use of the AS-AD model to analyze economics fluctuations in both short run
and long run.
Analyze the short-run and long-run effects
Chapter 19 Open-Economy Macroeconomics (Part 1)
Outline
Introduce the balance of payments accounts and the balance of payments
identity.
Use the market for loanable funds to model the international
Chapter 13 Fiscal Policy
Outline
Formally introduce fiscal policy.
Discuss the effect of a change in fiscal policy on aggregate expenditure.
Incorporate fiscal policy in the income-expenditure mode
Chapter 11 Income and Expenditure
Outline
Introduce the concept of the multiplier.
Derive the consumption function and investment function.
Develop the income-expenditure model (aggregate expenditu
Room:
MGEA06 Introduction to Macroeconomics: A Mathematical Approach
Midterm, Winter 2015
Last name/Family name: _
First name: _
ID#: _
Date & Time: Friday, March 6, 2015, 7:00pm 8:30pm
Instructor: Ir
Chapter 10 Savings, Investment, and the Financial System
Defining and Measuring Unemployment
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employment: total number of people in the economy currently employed part or full time
unemployment
Chapter 7 - GDP and the CPI: Tracking the Macroeconomy
Gross Domestic Product
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total spending = CS + IS + government purchases of G&S +I exports
final goods and services: goods and services sol
Chapter 8 - Unemployment and Inflation
Defining and Measuring Unemployment
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employment: total number of people in the economy currently employed part or full time
unemployment: the number of av
Chapter 9 Long-Run Economic Growth
Real GDP per Capita
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real GDP per capita: real GDP population size
GDP per capita is used to measure economic growth in the long-run:
measures the value of the c
CHAPTER 7 GDP AND THE CPI: TRACKING THE
MACROECONOMY
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CalculatingGDP
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value added=value of salesvalue purchases of intermediate goodsservices
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expenditure=GDP=C + I +G+ X
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income=W + R+i+ PR
Oth
CONSUMER BEHAVIOR
MGM A01
Professor Chan
*no electronics - laptops, phones, etc.*
1
Welcome
1. Choose the seat you will keep for the rest of the semester.
2. Create a name card following the instructi
MGEA02
TUTORIAL #9
ANSWERS
1 a)
Since the minimum long-run cost per unit of output (minimum point on the
LRAC) is at $12, the equation of the LRAC is P = $12. Setting demand equal
to long-run supply,
MGEA02
TUTORIAL #11
ANSWERS
1(a)
If C is the number of units of cloth and G is the number of units of grain,
then, in Canada, total labour used is C + G = 20 (since 1 unit of labour is used
for produc
MGEA02
TUTORIAL #8
ANSWERS
1a)
The individual firm maximizes profits by setting MC = MR.
MC = dTC/dq = 6q + 10. MR = 120 - 4Q. (Notice that, since there is only
one firm in the industry, there is no d
a)
MGEA02
Tutorial #7
Answers
For a long-run equilibrium, each firm must be producing at minimum LRAC and all
entry and exit to the industry must have ceased. Entry and exit will cease
when economic p
MGEA02
TUTORIAL #10
ANSWERS
1.
(a) Demand is given by P = 100 Q and supply is P = 10 + .5Q, so competitive
equilibrium is P0* = $40 and Q0* = 60. The optimal output and price will
take into account th
MGEA02:AnswerstoMidtermExam,Nov2,2015
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MGEA02
Tutorial #5
Answers
1.
Government revenue is area C on the graph
at the right. That area is $50 x 35 = $1,750.
Excess burden (the economic loss due to
taxation) is area E, ($50 x 5)/2 = $125. C
MGEA02
Tutorial #2
Answers
1. a) Of course, the answer depends on normality. If tomatoes are a
normal good, a rise in income increases demand, increasing both price
and quantity purchased
b)
but if to
Question 1
Step 1
Figure out what you are trying to find and the equations needed to find the answer
Unemployment rate is calculated by the number of unemployed divided by the number
of people in the
Question 1
CPI is taking into consideration household expenditures:
Step 1
As household consumed 50% of the first good we only take into account 30 of the
quantity produced.
Step 2
Household purchases
MGEA06 Midterm (Version A) Answers - Winter 2012
Professor Iris Au
Question 1
Step 1
Recreate the chart by adding in columns for consumption, investment and government
spending and then using the addi
Week 2: Demand and Supply in a
Competitive Market
Agenda for this week:
- Overview of the competitive market
model
- What is a market?
- What is competition?
- Demand
- Supply
- Equilibrium
- Shifts i