ECO402 CPA 1 for Friday, January 13
_ Meredith
Scott_
Name
Read in the Hubbard/OBrien/Rafferty text Ch. 1, pp. 1-19. Notice question 6 before you start
reading.
1. In the section When You Enter the Job Market Can Matter a Lot, what is the most
sobering ne
ECO
402
CPA
30
for
Wednesday,
April
4
_
_
Name
Read Hubbard/OBrien/Rafferty text Ch. 10, pp. 363-370 and 384-386.
1.
Chapter Opener, What Did the Great Depression Teach Ben Bernanke? Much of this you have
seen previously in the text, but read this chapter
Economics 402
Fall 2013
Dr. Minier
Problem Set #2: due at the beginning of class Tuesday, September 24
*No late problem sets will be accepted!*
Note: Your first midterm exam is on Thursday, September 26. The answer key to this problem set will be
online a
Economics 402
Fall 2012
Practice Questions for Exam #2
it; my it; it} mi“
1. Consmier a decrease In consumer conﬁdence. {m a Maﬁa 553%ng ‘liqgjﬁm j
a. Show the effects of this decrease in consumer confidence on an tS-MP graph. Assume that the
economy is o
Form X
Economics 402
Fall 2013
Name:
Exam #2: Form X
You have 75 minutes to complete the exam, and points on the exam total 75. Please raise your
hand and ask me for clarification if any question is unclear. Be sure to label your graphs
completely. Good l
Economics 402
Fall 2013
ANSWER KEY: Practice Exam #2, 2nd version (2A)
Multiple Choice (3 points each): Choose the best answer.
1-D, 2-C, 3-B, 4-B, 5-B, 6-C, 7-B, 8-C, 9-A,B,E, 10-A
7. Note! Knowing the idea of leading indicators is more important than me
Economics 402
Fall 2013
Name:
PRACTICE EXAM #2 2nd version (2A)
You have 75 minutes to complete the exam, and points on the exam total 75. Please raise your hand and
ask me for clarification if any question is unclear. Be sure to label your graphs complet
Economics 402
Fall 2013
Practice Exam #2: Answer Key
Multiple Choice
Form X: 1-B, 2-C, 3-C, 4-D, 5-A, 6-C, 7-B, 8-C, 9-A,B, 10-C,D
Please note! 2, 3, 4, 5, 8, and 10 are important and many people missed them! These will be
tested again on the final exam (
Economics 402
Fall 2013
Name:
Practice Exam #2
You have 75 minutes to complete the exam, and points on the exam total 75. Please raise your
hand and ask me for clarification if any question is unclear. Be sure to label your graphs
completely. Good luck!
M
Economics402(J.Minier)
November14,2013
Investment: why do we care?
Investment, briefly
November 14, 2013
Short run: investment strongly procyclical, fluctuates much
more over business cycle than consumption or
government spending
Long run: investment de
Economics402(J.Minier)
November26,2013
Intertemporal Budget Constraint
Consumption, Saving, and
Investment Decisions
November 26, 2013
2 periods
Income in both periods: y1 and y2
1st period: consume some (c1), save some (k)
2nd period: consume some (c2)
F
Economics 402 (Minier)
December 3, 2013
Trade (both imports and exports) as a share
of GDP has increased a lot since 1950!
International Trade
December 3, 2013
International Trade
Also2012
notice widening gap between
November 27,
imports and exports = tra
ECO 402-002: PRACTICE EXAM FOR FALL 2013, ACTUAL EXAM FROM FALL 2012
Economics 402
Fall 2012
Name:
Final Exam: Form X
You will have 2 hours to complete the exam, which consists of 40 multiple choice questions (worth
100 points total). If any question is u
Economics 402
Fall 2013
Dr. Minier
Review for Final Exam
The final exam is scheduled for Monday, December 16, from 3.30-5.30 P.M. It is worth 30% of
your final course grade.
On this page, there are topics that will be on the final. The second page has a s
PRACTICEFINAL#2FORECO402,FALL2013
Economics 402
Fall 2013
Name:
Practice Final
You will have 2 hours to complete the exam, which consists of 40 multiple choice questions (worth 100
points total). If any question is unclear, raise your hand and ask for cla
Economics 402
Fall 2013
Dr. Minier
Review: Midterm Exam #2
Exam: Thursday, November 7, in class
Youre responsible for all material covered in lectures since the first midterm. In the Jones text, this is
chapters 8-14 and 17, although the lecture notes are
Economics 402
Fall 2013
Your Name:
Practice Exam #1, version 2
You have 75 minutes to work on the exam, and the points on the exam total 75. Please ask me for
clarification if any question is unclear. Show your work for possible partial credit. Good luck!
Problem Set #1
Economics 402
Fall 2013
DUE: Thursday, September 12
NOTE: You can receive half credit for turning in a reasonable effort by class on September 17. No
late assignments will be accepted for credit after Sept. 17.
1. For a country of your choi
Economics 402 (Minier)
Fall 2013
Answer Key: Problem Set #1
1., 2. Answers vary.
3. b. 0.6k = 0.15k (Set sy = (n+d)k)
0.6/0.15 = k/k = k
4 = k k* = 16 (square both
sides)
y* = 3k = 34 =12
(substitute k* into y equation)
y
y=3k
(n+d)k = 0.15k
c. An initial
Economics 402
Fall 2013
Dr. Minier
Answer Key: Problem Set #2
Remember! Your first exam is in class on Thursday. Be sure to go over the answer key
carefully.
1. If the only difference is A, that doesnt affect the rate of growth, so the two economies will
Economics 402
Fall 2013
Dr. Minier
Answer Key: Problem Set #6
1. a. Outcome D. (Assume that each side knows the others payoffs, so the Republicans know that if
they raise prices, the Democrats will not increase the interest rate (100>80), so the Republica
Economics 402
Fall 2013
Dr. Minier
Problem Set #6: due by the beginning of class on Thursday, October 31
1. Say that Republicans can persuade firms whether or not to raise prices; Democrats can persuade the Fed
whether or not to increase interest rates (d
Economics 402
Fall 2013
Dr. Minier
Problem Set #7: due at the beginning of class Tuesday, December 10
NOTE! Your lowest problem set score is dropped. If youre happy with your problem set grade
so far, you dont need to turn this in. I still recommend doing
Economics 402
Fall 2013
Dr. Minier
Problem Set #5: due at the beginning of class Thursday, October 24
1. Show the following on a graph of the money market (money supply and money demand).
Assume that the Fed has set the money supply.
a. A decrease in the
Economics 402
Fall 2013
R
S
Trade surplus
Answer Key to Problem Set #7
1. Graph at right.
a. The current account surplus is the distance S1-I1.
Remember that S-I=NX; here, both are positive.
b. This would decrease MPK, shifting I to the left.
c. The curre
ECO 402-002, Fall 2013 (J. Minier)
Review: Midterm Exam #1
Midterm #1 will be Thursday, September 26, in class. As you study, you can email me at
jminier@uky.edu with any questions. The more specific you are with your question, the faster I
can respond. I
NOCALCULATORS!
Illbegladtosaynoifyoushowmeincorrectmathandyesifyoushowmecorrectmath.
Economics 402-002
Fall 2013
Your Name:
EXAM #1: Form X
You have 75 minutes to work on the exam, and the points on the exam total 75. Please ask me for
clarification if an