E341, Spring 2013
Homework 4
Due at the beginning of class on Wed, Mar 20.
1. Assume that workers care about two thingswages and health care. Further assume that
government does not require employers to offer health insurance to workers. There are three k
E341
Fall 2012
EXAM 2A
There are 10 multiple-choice questions and 5 short-answer questions on this exam.
Multiple Choice
Use a pencil to write your name, ID number and answers on the answer sheet. Be sure to
blacken in the letter and number bubbles under
E341
HW7 Spring 2013
Due at the beginning of class, Mon, Apr 15
Exam 2 will be given in class on Mon, Apr 15
1. Suppose that you are having a discussion with a friend about the effects of immigration. Your
friend says that the Mariel boatlift is convincin
Exam
Name_
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) A dynamic decision is one that
1) _
A) is made very quickly.
B) involves planning over more than one time period.
C) involves only the fut
ECON 322.12516 Intermediate Macroeconomic Theory
Homework 2 Answer Key
Due by Monday, June 2, 2014
Please hand in both your scantron and this homework IN CLASS.
Full Score: 25 points
Multiple Choice (There exists one and only one correct choice. Each ques
Question 1
1 out of 1 points
Gene has a
flashbulb
memory for the
moment
he
heard about the
bombing
of
Pearl
Harbor.
What is the best
description of
this type of
memory?
Answer
Selected
Answer:
Correct
Answer:
Question 2
1 out of 1 points
Match
the
theor
ECON 322.13334 Intermediate Macroeconomic Theory
Summer 2013 Final Exam Answer Key
Fei Tan
Friday, June 14, 2013
10:30am-12:30pm
Instructions: this is a closed-book and closed-notes exam. You have 120 minutes
to complete the exam. There are 40 multiple ch
ECON 322.13334 Intermediate Macroeconomic Theory
Summer 2013 Midterm Exam Answer Key
Fei Tan
Thursday, May 23, 2013
10:30am-12:30pm
Instructions: this is a closed-book and closed-notes exam. You have 120 minutes
to complete the exam. There are 40 multiple
Exam Review Chapter 4
Name_
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.
1) The demand for money is given by Md = $Y (0.3-i), where $Y = 120 and the supply of
money is $30.
a. What is the equilibrium i
Liang Jingzhe
1
1)
The AD captures the effects of the price level on output. Alternatively, the AD curve
represents the combinations of P and Y that maintain equilibrium in the goods and
financial markets. As P falls, the real money supply increases causi
ECON 322.12516 Intermediate Macroeconomic Theory
Homework 1 Answer Key
Due by Friday, May 23, 2014
Please hand in both your scantron and this homework IN CLASS.
Full Score: 25 points
Multiple Choice (There exists one and only one correct choice. Each ques
ECON 322.12516 Intermediate Macroeconomic Theory
Homework 1
Due by Friday, May 23, 2014
Please hand in both your scantron and this homework IN CLASS.
Full Score: 25 points
Multiple Choice (There exists one and only one correct choice. Each question is
wor
Chapter 3: Business Cycle Measurement
GDP: Growth versus Cycles
Gross Domestic Product (GDP) - measure of aggregate activity of an economy.
Time-series data
What is a trend/cycles?
Growth = Trend
Fluctuations about trend in real GDP
Cycles = Deviations fr
Chapter 2: Measurement
Measurement: A Review
Gross Domestic Product (GDP): dollar value of final output produced during a given
period of time domestically.
In the United States (US) measured quarterly as part of National Income and
Product Accounts (NI
Chapter 4: Consumer and Firm Behavior
Static models add dynamics later [intratemporal vs. intertemporal]
Tradeoffs - evaluating how to compare two objects
Premise - agents and firms optimize: Maximize or minimize the
objective function given the constrain
Chapter 3: Business Cycle Measurement
Understand the business cycle facts and concepts of comovements
Data tells us what happens in reality
Theory/Models help us explain the data
Macroeconomics is interplay between the two
GDP: Growth versus Cycles
Gross
Closed Economy Model
Construct a macro model with micro foundations
Closed economy (no interaction with rest of world)
Integrate three actors:
1
Consumers: supply labor and demand goods
2
Firm: demand labor and supply goods
3
Government: exogenous
Closed
Chapter 2: Measurement
Understand basic issues concerning measurement of key
macroeconomic variables
Need understanding of variables to understand the important role they
play in economic models
Measurement: A Review
Gross Domestic Product (GDP): dollar v
Chapter 6: Search and Unemployment
Behavior of the unemployment rate, participation rate,
employment/population ratio.
Diamond-Mortensen-Pissarides (DMP) model of search and
unemployment
Working with the DMP model. Effects of: (i) change in unemployment
i
Chapter 7: Economic Growth (Exogenous)
The consequences for human welfare [growth] are simply
staggering. Once one starts thinking about them, it is hard to
think of anything else.
-Robert E. Lucas Jr.
1995 Bank of Sweden Prize for Economic Sciences
Lucas
Partial Equilibrium: one market isolates the influences between other markets.
General Equilibrium: All markets together.
Three Positive Issues: Existence, Uniqueness, and Stability.
A pure exchange economy is an economy in which there is no production. A
Producer Theory: Production (Summary)
Production Function: Maximum output for given inputs (Q = f(K,L).
Law of Diminishing Returns: Beyond some point the marginal product is decreasing.
Relationship between APL and MPL. Take the derivative of APL with res
lead-lag relation, and volatility comparisons of these variables.
pcnd
0.06
0.04
0.02
0
-0.02
-0.04
-0.06
-0.08
dgdp
dpcnd
Dpcnd is a leading variable and it has a bigger volatility compare to drgdp.
pcsv
0.06
0.04
0.02
0
-0.02
-0.04
-0.06
-0.08
dgdp
dpcs
CHAPTER 6
6-1. Politicians who support the green movement often argue that it is profitable for firms to pursue a strategy that is "environmentally correct" (for example, by building factories that do not pollute and are not noisy), because workers will b
Introduction
Two-period Model
Applications
Chapter 8:
Consumption - Savings Decision
Nhan Le
March 29, 2012
An Example
Introduction
Two-period Model
Applications
An Example
Introduction: The Consumption-Savings Decision
We want to understand basic facts r
HW6
E341
Spring 2013
Due at the beginning of class on Wed, Apr 10
1. Evaluate the validity of the following claim: The increasing wage gap between highly
educated and less educated workers will itself generate shifts in the labor market over the next
deca
E341, Spring 2013
Homework 5
Due Mon, Apr 1 at the beginning of class.
1. Luck is the primary determinant of a workers earnings. True/False/Explain.
2. Sydney lives for three periods. She is currently considering three education options. First, she
can st