Section 16-4
Section 16-4 talks about how Friedman suggested that we view current income as the sum of two
components, permanent income Y^P and transitory income Y^T.
So, Y=Y^P+Y^T
-Permanent income is average income and transitory income is the random de
ECO 292: Macroeconomics dr. Mikek
Sep. 12, 2016
Homework
The purpose of this homework is:
- to wrap up work on growth and expand upon it
- to study Growth Accounting
1 Do problem 3 on page 268 of your textbook.
a. s=17.5/100
b. MPK=0.3/2.5
c. MPKgr= 7/100
ECO 292: Macroeconomics dr. Mikek
Feb. 6, 2017
Homework
The purpose of this homework is:
- work on long run loanable funds framework
- study theories of consumption
1. .
1. Imagine that you have the following information (usual notation):
Consumption func
Eco292 3/14/2017 - Peter Mikek
Homework
The purpose of this hwk is to:
- work on long run loanable funds framework
- work on intertemporal allocation of consumption (including solved example)
When you are done with this and previous hwk you should be able
ECO 292: Macroeconomics dr. Mikek
Jan. 27, 2017
Homework
The purpose of this homework is:
- work on long run loanable funds framework
- study theories of consumption
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
6.
7.
8.
Just read through pages 47-62. It is just a review
Eco292 3/14/2017 - Peter Mikek
Homework
This hwk includes practice problems, if you wish to practice. These have answers so that you can check if
you are doing them right. I will give you a short quiz on calculating intertemporal allocation of
consumption
ECO 292: Macroeconomics dr. Mikek
Jan. 30, 2017
Homework
Please go to econ tutors in Goodrich 104 from 8-10 (Monday-Thursday) if you need a bit of help.
The purpose of this homework is:
- work on long run loanable funds framework
1. Read and study careful
Approaching Steady State : A Numerical Example
Year
k
y
c
i
k
k
s= .3
= .1
1
4.00
0.793701
0.55559
0.23811
0.4
-0.16189
0.3
0.1
2
3.84
0.782845
0.547992
0.234854
0.383811
-0.14896
3
3.69
0.772584
0.540809
0.231775
0.368915
-0.13714
4
3.55
0.762889
0.53402
ECO 29201: Macroeconomics dr. Mikek
Sep. 05, 2016
Homework
The purpose of this homework is:
- to work on Growth Theory Solow growth model
1. Read and study pages 211-228 in your textbook.
2. To understand growth theory and to prepare for the next class, p
ECO 292: Macroeconomics dr. Mikek
Sep.09, 2016
Homework some answers
The purpose of this homework is:
- to work on Growth Theory Solow growth model
1. To understand Solow growth model better and to prepare for the next class, please, watch
carefully the f
Basic math tools
1. Xa * Xb = Xa+b
So you simply add the exponents
2. Xa / Xb = Xa-b
So you simply subtract the exponents
3. (Xa)b = Xa*b
So you multiply the exponents
4. X-a = 1/Xa
So negative exponent puts the expression in the denominator.
Example:
Sup
10/21/2013
Homework
The purpose of this homework is:
- to study money and LM curve
- to study cost of inflation
- to study unemployment
- to review chapter 7
A. Money
1. Find the latest numbers for unemployment rate, inflation rate, real GDP growth, GDP p
12/12/13
Cobb-Douglass Production Function
1. What is a production function?
It is an equation that describes the quantity of products/services that can be produced with given inputs
(labor, capital, natural resources).
We will use only the Cobb-Douglas p
ECO 292: Macroeconomics dr. Mikek
Sep.02, 2013
Homework
The purpose of this homework is:
- to practice calculating nominal and real values
- to get familiar with the some basic macro facts
- to review basic math tools
- to review the syllabus for this cla
Sep. 04, 2013
Homework
The purpose of this homework is:
- to review the basic math tools and prepare questions about them if any
- to get familiar with the some basic macro facts
- to work on nominal/real variables
A. Intro to macro and important measures
ECO 292: Macroeconomics dr. Mikek
Sep. 16, 2013
Homework
The purpose of this homework is:
- to practice working with Solow model
- to read on Solow model and beyond
- to start appreciate the connection of growth with poverty
1. Read and thoroughly study c
Eco292 Dr. Mikek
Oct. 30, 2013
Homework
The purspose of this hwk is to:
- Practice working with Keynesian cross
- Understand the expenditure multiplier
- To work with IS-LM model
1.
Consider the following set up on loanable funds market:
C=200+0.8DI
DI=Y-
Eco292 Dr. Mikek
Oct. 28 2013
Homework
The purspose of this hwk is to:
- Practice working with Keynesian cross
- Understand the expenditure multiplier
- To work with IS-LM model
1. Read and study chapter11 in your textbook. Pay special attention to all th
Nov. 1
Homework
The purpose of this homework is:
- to work with the IS-LM model
- to understand better the interactions between fiscal and monetary policy
- to derive AD by solving IS and LM for r and then setting them equal and solve for P
1.
2.
3.
4.
Re
Oct. 02. 2013
Homework
The purpose of this homework is:
- Start working on long run loanable funds framework
- Start studying theories of consumption
1. Use the loanable funds framework to illustrate the effect on the interest rate of the following
(assum
10/14/2013
Homework
The purpose of this homework is:
- to study money
1.
Read and study the whole chapter 4. Then answer:
a. What is quantity theory of money
b. What is its percentage version
c. Based on b above Calculate inflation in the long run if you
ECO 292: Macroeconomics dr. Mikek
Feb. 01, 2016
Homework some answers
The purpose of this homework is:
- to work on Growth Theory Solow growth model
1. Read and thoroughly study whole chapter 8!
2. To understand Solow growth model better and to prepare fo