ECON 202: Macroeconomics I
Summer 2011 Problem Set 6
(Due: July 14, Thursday, in class.)
1
Adaptive Expectations
The table below gives the path of inflation observed in a particular economy: Time Inflation, % 1 2 2 2 3 2.5 4 3 5 3.2 6 4 7 4.5 8 5.6 9 7 10
ECON 202: Macroeconomics I
Problem Set 3 Solutions
Yuan Tian
February 5, 2013
1
Firms Prots with Fixed Cost
1.
(l) =
2.
l wl [l] :
1 1/2
1
l
= w l =
.
2
4w 2
1 1/2
1
l
= w l =
.
2
4w 2
Evidently, incorporating the xed cost does not change the rst-order c
ECON 202: Macroeconomics I
Summer 2011 Problem Set 1
(Due: June 23, Thursday, in class.)
1
Nominal GDP vs. Real GDP
In this question we ask you to compute the GDP for a hypothetical economy that produces two goods (computers and gasoline). The prices and
ECON 202: Macroeconomics I
Problem Set 5 - The Last One
(Due: March 12, Tuesday, in class. NO EXCEPTIONS, NO EXTENSIONS)
1
Cash-in-Advance: Review
Suppose that an economy is made up of N innitely-lived identical households. The total utility
for the repre
ECON 202: Macroeconomics I
Summer 2011 Problem Set 7
(Due: July 19, Tuesday, in class.)
1
Cash-in-Advance and Optimal Monetary Policy
Suppose that an economy is made up of N infinitely-lived identical households. The total utility for the representative h
ECON 202: Macroeconomics I
Problem Set 1 Solutions
Yuan Tian
January 17, 2013
1
U.S. History (Matlab Exercise)
1. As can been seen from the plot, the peak of growth happened in late 1950s. More accurately, the
annual growth rate of real GDP reached its pe
ECON 202: Macroeconomics I
Problem Set 3
(Due: February 5, Tuesday, in class.)
1
Firms Prots with Fixed Cost
A rm sells a product at a price of one dollar per unit. The rms production function is y =
l,
and it hires labor at the market wage of w.
1. Write
Problem Set 5 Solution
Sam Hwang
March 11, 2013
1 Cash-in-Advance: Review
1. Holding more cash than needed would force you to forgo the interest you can earn
on the unnecessary cash, which would lead to utility loss. Therefore, it is in your best
interest
ECON 202: Macroeconomics I
Problem Set 4
(Due: February 26, Tuesday, in class.)
1
GE Analysis: A Permanent Adverse Supply Shock
Suppose that our economy is made up of PIH consumers and is hit by a permanent adverse
supply shock.
1. Analyze the eects using
ECON 202: Macroeconomics I
Problem Set 2
(Due: January 29, Tuesday, in class.)
1
Intertemporal Consumption Choice
Consider the two-period intertemporal consumption decision model that we discussed in class,
where the households utility function is given b
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Econ 266
April 14, 2015
PO
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HOW WE GOT TO WHERE WE ARE
Urban transportati
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Problem Set 4
Due May 21, in class
1 Neoclassical growth model with endogenous labor: Theory
Consider an infinite
Econ 202 Honors
Elements of Economics Analysis
Chanont (Big) Banternghansa
April 11, 2013
Solow Growth Model: Data
Is there unconditional convergence?
Figure: Evolution of income per capita
Solow Growth Model: Data
Is there unconditional convergence? Grow
BASIC FRAMEWORK
FOR
THINKING ABOUT REGIONS
Urban Economics
May 7, 2015
1
HOW SHOULD WE THINK ABOUT REGIONS?
First of all, what are we talking about? Whats a region?
Definition
From the point of view of economics
A region is simply a geographical part of a
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t
In
.
g
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i
c
du
1
Economics of
Urban Policies
Introducing
Economics 266
Spring 2015
2
WHAT DO YOU GET OUT OF THIS COURSE?
IMPORTANT PARTS OF ECONOMICS NOT TAUGHT ELSEWHERE
Needed to complete your education as an economist
A.
Location Economics. Why
Economics 266
Spring 2014
APRIL 7, 2014 REVISION
Urban Economics
The Basic Model
What Basically Are We
Trying to Explain About a City?
In the first class meeting, we saw pictures looking out to
the city from the high rises at the center and saw
declining
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Intertemporal choice: Consumption and Savings
This version: May 4, 2013
Introduction
The purpose of this section
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Problem Set 2
Due April 25, in class
1 Intratemporal choice with CES utility function
Consider an economy that fe
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Problem Set 1
Due: Tuesday April 16, 2013 beginning of class.
This version: April 4, 2013
1 Solow Model - Impact
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Money Demand
This version: June 4, 2013
Introduction
Monetary economics studies the relationship between real ag
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Problem Set 5
Due May 28, in class
1
Lucas - Uzawa model of endogenous growth
In the Lucas-Uzawa model, two econo
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Neoclassical Growth Model
This version: April 29, 2013
Introduction
Ramsey 1928
Cass 1965
Koopmans 1965
Extend
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Problem Set 6
June 4, in class
1
Writing some Bellman equations
The objective of this section is to have you tran
Econ 20200 - Elements of Economics Analysis 3 (Honors Macroeconomics)
Lecturer: Chanont (Big) Banternghansa
TA: Jonathan J. Adams
Spring 2013
Problem Set 3
Due Monday May 6, in TA session
1 Neoclassical growth model: Theory
Consider an infinitely-lived re
Economics 202 Midterm
January 25, 2017
The exam is 80 minutes long, and is out of 125 points. No calculators or notes of any kind are
permitted. Please write all answers in your blue book. Under no circumstances will we accept
answers written on the scrat
Economics 202 Practice Midterm Suggested Solutions
January 25, 2017
1
True/False/Uncertain (5 points each)
Please evaluate the following statements as either true, false, or uncertain. All the points are given
for explanations, which should be roughly 3-5
Instrumental Variables Regression
(SW Ch. 12)
Three important threats to internal validity are:
omitted variable bias from a variable that is correlated
with X but is unobserved, so cannot be included in the
regression;
simultaneous causality bias (X ca
ECON 202: Pset 5
Melissa Tartari
Due W May 10, 2017
Part 1: Details in the ILA RCs Endowment Model (64 points)
1. (26 p) In Lecture 9 we solved the ILA RCs Endowment Model by rst collapsing the innitely
many per-period budget constraints into a lifetime b
MIDTERM EXAM
ECON 202 - MACROECONOMICS I
SPRING 2010
UNIVERSITY OF CHICAGO
INSTRUCTOR: RAFAEL LOPES DE MELO
TAS: RUI MANO AND LEONARDO DAVID ESPINOSA ROLDN
You have 80 minutes to answer these questions. Answer each of the three questions in a SEPARATE BLU
ECON 202: Pset 4
Melissa Tartari
Due W April 26, 2017
Part 1: Volatility of Investment in a RBC Model (24 p)
Premise Consider the Corn Model I of Lecture 3. We obtained RCs optimal bundle (c1 ; c2 ; k1 ; k2 ) in
implicit form when working with a general s
ECON 202: Pset 2
Melissa Tartari
Due date 04/12/2017
Part 1: Business Cycle Facts (92 p)
1. (15 p) The HP lter is a de-trending method used in empirical macro. Denote by Yt the value at time t
of a time series of interest. Write Yt = Yttrend + Ytcycle all
ECON 202: Pset 3
Melissa Tartari
Due W 04/19/2017
Part 1: A Calibration Exercise (61 p)
Premise: A Parametric Model RC lives 1 period, is endowned with 1 unit of time, has a utility function
of the Constant Elasticity of Substitution (CES) form: u(c; l) =
ECON 202 - Pset 6
Melissa Tartari
Due May 17, 2017
Cash in Advance and Optimal Monetary Policy (100 points)
Everything is as in the CIA model of Lecture 13 BUT for the following. The RI has preferences
represented by lifetime utility
U=
1
X
t
[ u (c1t ) +
ECON 202: Pset 3 - Suggested Solutions
Melissa Tartari
Part 1: A Calibration Exercise (61 p)
Premise Recall the optimal decision rules and the signs of their derivatives with respect to A:
1
l = 1+A
1
, c = Al ,
@l
@A
> 0 if
< 0 if
@c
2 (0; 1)
,
> 0 since