#3) Assume that a person can work (or leisure) at most 16 hours per day times 30 days per
month for a total of 480 hours. Kristin can earn $9 per hour is she works. Assume Kristin
consumes all or her
Economics 309: Public Finance
Summer 2011
Mark Witte
Problem Set 1
Problem set is due 9:AM in class on Friday, July 8th.
Feel free to work on this in groups of up to four people; you may submit one co
Economics 309
Practice Exam Questions
1. According to the text,
A. the Head Start program for disadvantaged youngsters has failed to bring about improvements
in schooling attainment.
B. Poverty measur
Economics 309
Problem Set 2
1. Public Goods Game considered in class: 10 players each play ten rounds. In each round, $1 is
contributed by the experimenter to each players private account. In each rou
The Effects of School Quality
Table 9.4- International Co_m_parisons of Schooling, 2008, 2009 (Ehrenberg and Smith[
Country 2008 Expenditures per 2009 Math Test Scores, 2009 Scie
6-7 3mpr v40? mil I
NC! Shari amwcr Compensating Wage Differentials
Job Matching: The Role of Worker Preferences and Information
Workers care about both the pecuniary and nonpecuniary aspects of their
#3) Assume that a person can work (or leisure) at most 16 hours per day times 30 days per
month for a total of 480 hours. Jordan can earn $10 per hour is she works.
Consider Policy #1: The government
3
#3) Elise, who is a single mother, spends her money on education and all other goods. Plot education (price = $1) on the
horizontal axis and a composite good (price = $1) on the vertical axis. Assum
^
WEEK
DATE
TOPIC
READINGS
DUE DATES & EXAMS
Introduction and fundamentals
1
1/6
Introduction
Chapter 1 (make sure you
know the review material
in Chapters 2-3, too)
1
1/8
Efficiency
Sections 20.1 &
Economics 309
Public Finance
Northwestern
University
Mark Witte
Introduction
Luke 2:1-5
And it came to pass in those days, that there
went out a decree from Caesar Augustus,
that all the world should
Economics 309
Public Finance
Northwestern
University
Mark Witte
Introduction to Taxation
TAXATION
Public Finance
Taxation: Why?
Control negative externalities? Small.
Collect revenue.
Economists ha
Economics 309
Public Finance
Northwestern
University
Mark Witte
Taxation What to tax?
Pigouvian tax on negative externalities
Reduces DWL
Lump sum tax No effect on DWL, pure
income effect.
Consump
Economics 309
Public Finance
Collective Choice
Northwestern
University
Mark Witte
Announcements
Shepsle & Bonchek and Saari
readings in "Course Documents"
on Blackboard
Public Finance
Public Goods: F
Economics 309
Public Finance
Northwestern
University
Mark Witte
Labor Taxation
Review from Optimal Taxation
Ramsey Optimal Taxation advice:
Tax inelastic things heavily
Have a wide tax base and low
KEY
Economics 309: Public Finance
Winter 2011
Mark Witte and Guannan Luo
MIDTERM
Grade
Range
A
78 95
Exam GPA
2.8
A-
73 77
Median
67
B+
71 72
Mean
67.7
B
67 70
St. Dev.
9.4
B-
65 66
Highs
95, 90, 88
C
WRITE YOUR NAME: _
Economics 309: Public Finance
Winter 2011
Mark Witte and Guannan Luo
MIDTERM
This exam is closed book and closed notes. You can use a calculator if you wish.
Write clearly in the sp
NORTHWESTERN UNIVERSITY
Department of Economics
Economics 309: Public Finance
Winter 2016
Professor: Lee Lockwood, [email protected]
Teaching Assistant: Jordan Norris, [email protected]
NAME
I? #
Public Finance- Problem Set #2a
10
Complete the problem set on these sheets of paper. This problem set is out of W> points.
#1) Suppose before the implementation of the EITC, an individual i
PS
Public Finance- Problem Set #lb
Enter your answers on Canvas. Assume that leisure is a normal good unless explicitly told otherwise in
the problem. This problem set is out of 5 points.
1.
Consumpti
ECON 309- Blackboard Problem Set
Enter your answers on Blackboard. Note that there five problems. This problem set is out of 5 points.
1.
Suppose that the supply curve for medical care is neither perf
Economics 309: Public Finance
Northwestern University, Summer 2011, Mark Witte
Lectures: 9:AM-11:AM Mondays, Wednesdays, Fridays in Andersen 3245
Marks Office Hours: Mondays and Wednesdays 11-noon and
Economics 309: Public Finance Summer 2011
Mark Witte
Problem Set 2
Feel free to work on this in groups of up to four people; you may submit one
copy of the problem set with all of your names on it.
T
Economics 309: Public Finance Summer 2011
Mark Witte
Problem Set 2 ANSWER KEY
Income Taxation. Income taxation
IRS Marginal Tax Rates In 2011 you earned $80,000 of salary and have no
other income. You
Public Finance- Problem Set #6b
Enter your answers on Canvas. Follow the instructions regarding rounding. Do not enter dollar signs when you enter
your final answers. This problem set is out of 5 poin
NAME
ECON 309- Problem Set
Complete the problem set on these sheets of paper. This problem set is out of 10 points. Fon
problems 1-3, the retirement savings subsidy parameter is the parameter that we
I
NAME
Public Finance- Problem Set #la
20
Complete the problem set on these sheets of paper. This problem set is out of 0 points.
#1) Assume that a person can work (or leisure) at most 16 hours per da
NAME
Public Finance- Problem Set #6a
Complete the problem set on these sheets of paper. This problem set is out of 10 points.
too
Problem #1 f O.DVJl IO& )WffOV j 4-
Everyone has an income of $100,000
PF Public Finance- Problem Set #2b
Enter your answers on Canvas. Assume that leisure is a normal good unless explicitly told otherwise in
the problem. This problem set is out of 5 points.
1.
s *'
Bran