ECON 3100 - Intermediate Microeconomics
Loyola Marymount University, Fall 2016
Problem Set 3
Due date: Thursday, November 3rd
Jean-Francois Mercier
Instructions:
You can form groups of at most 5 stud
Intermediate Macro Warm-Up 3
September 20, 2017
1. Suppose the economy is characterized by the following equations:
C = c0 + c1 (Y T )
with I, G , T exogenous constants.
(a) Solve for equilibrium outp
Intermediate Macroeconomics Warm-Up 1
September 13, 2017
1. Suppose the economy is described by:
C = 500 + 23 (Y T )
I = 500 + 14 Y
G = 500
T = 90 + 41 Y
(a) Find equilibrium output
(b) Find equilibri
LMU Econ 3300, Practice E2 Questions
(Note: This is not a comprehensive list of the type of questions that could be asked. So do not study using
these questions only. All material from the course is r
Intermediate Microeconomics
Calculus Review
1
Functions and Graphs
Functions are used to describe the
relationship between two variables.
Ex: Suppose y = f(x), where f(x) = 2x + 4
This means
if x
LMU
Econ 3100-Ch 7 Exercises
Dr. El Hag
Please answer the following exercises
1) Complete the following table (round each answer to the nearest whole number):
Output
0
1
2
3
4
5
6
Answer:
Output
0
1
2
Intermediate Macroeconomics Warm-Up 2
Fall 2017
September 18, 2017
1. Suppose your economy is characterized by the following equations:
C = co + c1 (Y T )
I = I
G=G
with
0 < c1 < 1
(a) Derive equilibr