Intermediate Macroeconomics:
Consumption
Eric Sims
University of Notre Dame
Fall 2012
1
Introduction
Consumption is the largest expenditure component in the US economy, accounting for between
60-70 percent of total GDP. In this set of notes we study consu
OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 74, 5 (2012) 0305-9049
doi: 10.1111/j.1468-0084.2011.00666.x
Do Teachers Matter? Measuring the Variation in
Teacher Effectiveness in England*
Helen Slater, Neil M. Davies and Simon Burgess
HM Treasury, London,
Challenges to the Saudi distributional state in the age of austerity
Steffen Hertog, London School of Economics
Introduction
With oil prices dropping to below half their 2014 levels, Saudi Arabia faces an unprecedented
challenge of economic adjustment. In
Stanford Prospective Graduate Student SLAC Open House Mar/18/2015
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Department
Tour Selection
Ang, Daniel
Bergan, William
Blakemore, Charles
Physics Department
Physics Department
Physics Department
Physics Department
Physics Department
Physics Departme
Intermediate Macro; Quiz, ch.3
1. a. Suppose a government decides to reduce spending and (lump-sum) income taxes by
the same amount. Using the long-run model of the economy developed in Chapter 3,
graphically illustrate the impact of the equal reductions
Dr. F. Koray
I.
E. J. Ourso College of Business
Louisiana State University
BADM 7200
TEST 1
Multiple Choice Questions (4 points each)
1. Assume that the equation for demand for bread at a small bakery is Qd = 60 10Pb + 3Y, where Qd is the
quantity of brea
ADwAS / PHILLIPS CURVE ANALYSIS
1. An Unanticipated Increase in the Money Growth Rate
Assume that the economy is in tong-run equilibrium at point A in Figures 1.1 and 1.2. At
point A, P1 2 Pie and 72", m 7:, . Suppose that there is an unanticipated increa
Week 4
Homework Assignment
Answer Key
1. a. In the short run, output will increase as the reduction in money demand (increase in
velocity) shifts the aggregate demand curve out to the right. There will be an increase
in output and little change in prices
DerivationofIS,LM,equilibriumr,andY
Giventhefollowing:
C 100 0.75(Y T )
I 400 50r
G T 200
TheIScurvecanbederivedbysetting
Y PE C I G
Y 100 0.75(Y 200) 400 50r 200
Y 550 0.75Y 50r
0.25Y 550 50r
Y 2200 200r
Giventhefollowing:
M 1000
P2
L(r , Y ) 0.5Y 50r
Th
Week 2
Homework Assignment 2
Answer Key
1. a. The Fed would conduct open-market sales, raise the discount rate, and raise interest
paid on reserves.
b. Open-market operations and discount rate changes affect the monetary base.
Changing interest payments o
Week 3
Homework Assignment
Answer Key
1. a.
b.
c.
d.
2. a.
No. 200
Yes. It decreases by 100.
Yes. It decreases by 100.
It will rise.
b. Under Mr. Buchanan's policy, the dollar exchange rate would appreciate but the trade
balance would remain unchanged. Ho
Week 1
Homework Assignment 1
Answer Key
1. a.
b.
c.
2. a.
b.
c.
d.
e.
3. a.
b.
c.
d.
4. a.
The equilibrium price is $5.50 and the equilibrium quantity is 16.
Pc and Q
PT and PE
employed
out of the labor force
employed
out of the labor force
unemployed
2,2
Fundamentals
of Risk and
Insurance
Chapter 1
The Problem of Risk
1. The concept of risk
Risk: a condition in which there
is a possibility of an adverse
deviation from a desired
outcome that is expected or
hoped for
Peril: a cause of a loss
Hazard: a condi
Slides by Pamela L. Hall
Western Washington
University
Property and Liability
Insurance
Chapter 9
Introduction
Insurance may be the least
understood of all areas of personal
financial planning
90% of Americans make fundamental
mistakes when buying insur
Lecture Note 7
Trade and Endogenous Growth
First phase: terms of trade and immisersing growth
Second phase: R&D and endogenous growth
Measurement of productivity:
Growth due to:
Growth of inputs
Output not explained by inputs, ie., productivity growth
EC400B Math for Micro: Lecture 1
Francesco Nava
September 2016
Nava (LSE)
EC400B Lecture 1
September 2016
1 / 28
Introduction
Nava (LSE)
EC400B Lecture 1
September 2016
2 / 28
Course Outline
Lecture 1: Tools for Optimization I
Quadratic Forms and Determin
Stochastic
Dynamics
A. Banerji
Optimization
Introduction
Value Iteration
Lecture 5 Topics in Finite State Markov
Chains
Policy Iteration
Properties of Finite
Markov Chains
MCs as Stochastic
Recursive Sequences
Joint Distributions
The Coupling Method
A. Ba
Stochastic
Dynamics
A. Banerji
Introductory Metric
Spaces
Metrics Norms Sequences
Special Sets
Lecture 1 Metric Spaces
Optimization and
Fixed Points
Weierstrass Theorem
Contraction Mapping
A. Banerji
Department of Economics
January 7, 2014
Outline
Stochas
EC400B Math for Micro: Lecture 6
Francesco Nava
September 2016
Nava (LSE)
EC400B Lecture 6
September 2016
1 / 27
Constrained Optimization III
Envelope Theorem and Implicit Function Theorem
Nava (LSE)
EC400B Lecture 6
September 2016
2 / 27
Envelope Theorem
EC487 Advanced Microeconomics, Part I:
Lecture 4
Leonardo Felli
32L.LG.04
20 October, 2016
Marshallian Demands as Correspondences
We consider now the case in which consumers preferences are
strictly monotonic and weakly convex. In this case Marshallian
de
Lecture Note
Advanced International Trade: Theory and Practice
Feenstra ch1:
Comparative Advantage, Gains from Trade, International Equilibrium
and Ricardo
Two-sector model- Ricardian Model:
The Ricardian model introduces us to the idea that technologic
Stochastic
Dynamics
A. Banerji
Markov Chains
Introduction
Marginal Distributions
Other Identities
Lecture 2.2 Finite State Markov Chains
Stability of Finite
State MCs
Stationary Distributions
Dobrushin Coefficient
A. Banerji
Department of Economics
Februa
EC400B Math for Micro: Lecture 3
Francesco Nava
September 2016
Nava (LSE)
EC400B Lecture 3
September 2016
1 / 22
Unconstrained Optimization
Necessary and Sufficient Conditions
Nava (LSE)
EC400B Lecture 3
September 2016
2 / 22
Extreme Points
Nava (LSE)
EC4
Stochastic
Dynamics
A. Banerji
Deterministic
Dynamical
Systems
Basic Model
Lecture 3 Deterministic Dynamics
A. Banerji
Department of Economics
March 4, 2016
Outline
Stochastic
Dynamics
A. Banerji
Deterministic
Dynamical
Systems
Basic Model
Deterministic D
Stochastic
Dynamics
A. Banerji
Markov Chains
Introduction
Marginal Distributions
Other Identities
Lecture 2.2 Finite State Markov Chains
Stability of Finite
State MCs
Stationary Distributions
Dobrushin Coefficient
A. Banerji
Department of Economics
March
Stochastic
Dynamics
A. Banerji
Deterministic
Dynamical
Systems
Basic Model
Lecture 4.1 Deterministic Dynamics
A. Banerji
Department of Economics
January 19, 2011
Outline
Stochastic
Dynamics
A. Banerji
Deterministic
Dynamical
Systems
Basic Model
Determinis
Stochastic
Dynamics
A. Banerji
Deterministic
Dynamical
Systems
Basic Model
Lecture 2.1 Deterministic Dynamics
A. Banerji
Department of Economics
February 10, 2014
Outline
Stochastic
Dynamics
A. Banerji
Deterministic
Dynamical
Systems
Basic Model
Determini
Sessions MW 4-5:30, Allen 38
Sabrina Valenti
Dr. BrentECON 2000
28 November 2016
Office hours Th 3-4, Allen 39
Name: _
Vocabulary Review Part II
Chapter 12: Design of the Tax System
_ 1. Total taxes paid divided by total income
_ 2. The extra taxes paid o