Midterm I: Suggested Solutions Econ 110 Fall 2006 100 points
USE DIFFERENT BLUE BOOKS FOR PARTS I AND II Good luck. Part I: 50 points 1. (5 points) What could lead to an increasing elasticity of money
Econ 110D: Intermediate Macroeconomics Duke University, Spring 2010 T Th 1:15-2:30 FINAL EXAM: May 4, 2010, 9am-noon Course Email: [email protected] Blackboard: https:/courses.duke.edu/ Professor :
In signing the following, I am pledging to uphold the Duke University honor code. Signature: _ Name: _
Duke University Department of Economics Professor Michelle Connolly Spring 2010
Econ 110D: Interm
Econ 110D Quiz 4
Problem 8, page 311, Williamsons Macroeconomics, 4th edition. Assume also that
U (c, c ) = mincfw_c, c .
Questions: (a), (b), nd the utility value for the consumptions values in (b),
Midterm I Econ 110 Fall 2006 100 points
USE DIFFERENT BLUE BOOKS FOR PARTS I AND II Good luck. Part I: 50 points 1. (5 points) What could lead to an increasing elasticity of money demand with respect
TA section 05
April 5, 2009
The representative household maximizes following lifetime utility
1 X t=0 t
[log ct + log (1
lt )]
This household determines how much to consume, own capital and supply lab
TA section 05
March 28, 2009
The representative household maximizes following lifetime utility
1 X t=0 t
[log ct + log (1
lt )]
This household determines how much to consume, own capital and supply la
TA section 05
March 1, 2009
Imagine an economy where the representative agent preferences are log c1 + log (1 l1 ) + [log c2 + log (1 l2 )]
and he or she chooses to decide how much to consume and work
TA section 05
March 4, 2009
Imagine an economy where the representative agent preferences are log c1 + log (1 l1 ) + [log c2 + log (1 l2 )]
and he or she chooses to decide how much to consume and work
TA section 05
February 27, 2009
Imagine an economy where the representative agent preferences are log c1 + log (1 l1 ) + [log c2 + log (1 l2 )]
and he or she chooses to decide how much to consume and
TA section 04 solution
February 16, 2009
1
Neoclassical Growth problem with labor
Social planner' problem in per capita term is the following: s max
1 X t=0 t t
fct ;kt+1 ;lt g
(log ct + log (1
1
lt )
TA section 04
February 15, 2009
1
Neoclassical Growth problem with labor
Social planner' problem in per capita term is the following: s max
1 X t=0 t t
fct ;kt+1 ;lt g
(log ct + log (1
1
lt )
ct + kt+
Econ 110 TA section 3
February 9, 2009
1. Assume that the household' utility at time t is given by s u (ct ; lt ) = ln (ct ) + with > 0 and (1 lt )1
1
> 0. Also, assume that the household' lifetime ut
Economics 110D: Macroeconomic Theory
Time of Class: MW 10:05 AM-11:20 AM Room: 139 Social Sciences Building Instructor: Professor Juan Rubio-Ramrez. Head TA: Tae Bong Kim (Ph. D student in economics).
1. Firm maximizes max
L
= pA (L
F)
w (L + F )
2. Cost function = w (L + F ) 3. MC = w . Constant marginal cost. w 4. AC = w(L+F ) . @AC = (L F1)2 . If w > 1 then economy of scale fails but L F @L if w
Homework 3 Intermediate Macro
1. (2 points) Go back to the BEA webpage and get annual data on Fixed Assets of the U.S. (be careful, get data in real terms!)1 , hours worked (unfortunately the data for
Homework 2.1 Intermediate Macro
President Barack Obama' ambitious goal of cutting the federal de.cit is calling for a s de.cit of about $530 billion in four years while today' de.cit is of around $150
Midterm II: Suggested Solutions Econ 110 Fall 2006 100 points
PART I: 50 POINTS 1. (6 points) Is it true that higher real interest rates are always associated with lower equilibrium levels of investme
Midterm II Econ 110 Fall 2006 100 points
USE DIFFERENT BLUE BOOKS FOR PARTS I AND II Good luck. PART I: 50 POINTS 1. (6 points) Is it true that higher real interest rates are always associated with lo
Bernanke Outlines Exit Strategy - WSJ.com
Page 1 of 2
Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleague
Econ 110D Quiz 3
Problem 14, page 144, Williamsons Macroeconomics, 4th edition.
Solution: If we take zG(K, N ) to be the new output production function, then zG(K, N )
N
xN
zF (K, 1+x ), because if N
Econ 110D Quiz 2
Question: A consumer has utility U (C, l) = C 2 l2 . His time endowment is h. He gets
dividends and pays taxes T . The market wage is w, taken as a given. Draw a typical
indierence cu
Econ 110D Quiz 1
Question: Problem 6 (a), Chapter 2, in Williamsons Macroeconomics
Solution:
(i) The product approach: GDP = $150 m, because the only production is of the 30 m
bushels of corn.
(ii) Th
Question 1: Two products, a and b, are produced in an economy, in years 1, 2 and
a
b
3. The quantities and prices in year 1 are P1 = P1 = Qa = Qb = 1. In year 2, we have
1
1
a
a
b
b
a
b
P2 = 1, Q2 = 2
Recommended practice problems for ECON 110D, from the book Macroeconomics, by
S. D. Williamson. Dont focus on one chapter in particular. Instead, try to do a few from
each. The rst problems may be eas
Question 1: Let U (c, c ) = c c . (a) Find the graph of c (c) that describes the indif(
ference curve with utility 1. (b) Find the derivative dcdcc) . (c) Do you think this indierence
curve ts the as
Econ 110D
Sergiu Ungureanu
Summer II, 2011
1. (15 points) Consider a small economy in which a cattle ranch owns 10,000 cattle, which give birth to
500 more each year. The 10,000 cattle also produce 50
Econ 110D Assignments
updated June 5, 2012
The book referred is Williamsons Macroeconomics (4th ed.) Homework should be submitted before class time in the following lecture.
HW 1, May 18th: Problems
Econ 110D
Sergiu Ungureanu
Summer I, 2012
MIDTERM EXAM
Answer each of the questions below. The questions are ordered by subject, not diculty. You have 75
minutes to complete the exam. Good luck.
1. (3
J ournal of Economic Literature Vol. XXVIII (December 1 990), pp. 1645-1 660
A Quick Refresher Course Macroeconomics
BY
N . G REGORY ANKIW
M
Harvard University and NBER
This paper, though new, draw