Ec 201 intermediate macroeconomics?
In reply to e-mail request... Assuming all ° variables are expressed in millions: {1} [IS] C = C°+c•Yd = 300+0.85(Y+100-(80+0.15Y)) = 317+0.7225Y I = 450-50i G = 300 Y = C+I+G = 1067+0.7225Y-50i+ΔG 0.2775Y = 1067-50i+ΔG Y = (1067-50i+ΔG)/0.2775 ΔG=0 Y=(1067-50i)/0.2775= 468000/111 - 20000i/111 ≈ 3845.05-180.18i [LM] M°/P=kY-hi 350/1=0.25Y-62.5i 62.5i=0.25Y-350 i=0.004Y-5.6 Y=1400+250i [IS]=[LM] (1067-50i)/0.2775=1400+250i 1067-50i = 388.5+69.375i 119.375i=678.5 i = 678.5/119.375 = 5428/955 ≈ 5.68 Y = 538800/191 ≈ 2820.94 {2} {A} ΔG=+50 [IS] Y = (1067-50i+ΔG)/0.2775 = (1117-50i)/0.2775 [LM] i=0.004Y-5.6 Y=1400+250i [IS]=[LM] (1117-50i)/0.2775 = 1400+250i i = 5828/955 ≈ 6.1 Y = 558800/191 ≈ 2925.65 Δi=i²-i¹= (5828-5428 )/955= 400/955=80/191≈+0.418848 ΔY=Y²-Y¹= (558800-538800)/191≈+104.712 {B} I=450-50i I¹=450 - 50•5428/955 = 31670/191 ≈ 165.812 I²=450 - 50•5828/955 = 27670/191 ≈ 144.869 ΔI=I²-I¹= (27670-31670)/191 =4000/191≈ -20.9424 {C} [LM] i=i¹=5428/955 ≈ 5.68 [to eliminate crowding-out due to ΔG of to put 'I' back on normal level] RGDP is already affected expansionary way by ΔG (fiscal policy) - expansionary monetary policy is acting in the same direction, thus will tend to stimulate economy even further, thus: Y≥558800/191 or Y≥2925.65 Y = (1117-50i)/0.2775 = (1117-50•(5428/955))/0.2775 = Y = 63626800/21201 ≈ 3001.12 M°/P = 0.25Y-62.5i P=1 M = 0.25Y-62.5i = 43850/111 ≈ 395.045 ΔM=M-M°= 43850/111 -350= 5000/111≈ +45.045 ΔY(ΔM)= 3001.12-2925.65 = +75.47
ECONOMICS QUESTION. INTERMEDIATE MACROECONOMIC?
At the end of 2006, U.S. M1 growth was 4% and real GDP growth was 2.8%. Assume the economy behaves according to (i) the quantity theory of money, and (ii) the Solow growth model with technological progress and population growth. Population growth in 2004 was 2%, the depreciation rate was 1.5%. Assume the U.S. economy is at steady state in 2004. Be sure to show your work on the problems below. 1. Compute the implied growth of technological progress in 2004. Compute the growth rate of per capita income. 2. Compute the implied inflation rate in 2004. 3. Compute the implied real interest rate in 2004 ANY HELP WOULD BE APPRECIATED! THANK YOU
What are the best intermediate macroeconomics textbooks to self-study?
When I taught intermediate macro as a graduate student, we used Williamson (it was not my choice). I don’t generally teach out of a textbook, so I don’t remember much about the book, but I don’t think it uses Calculus much, if at all. I do like that it focuses on micro-foundations (meaning that it builds up the macro-level stuff by aggregating micro-level decisions of individuals.)In my experience, intermediate level textbooks tend to put the calculus in an appendix in the back. Books that teach Keynesian theory are especially unlikely to have any real math.You might try to see if you can dig up Victor Lima’s notes that he uses teaching at the University of Chicago. I think it’s been a rumor for over a decade that they were going to get published, but they haven’t yet as far as I know.
I am pursuing economics Hons from DU. I find intermediate macroeconomics very difficult. What should I do to improve my understanding of the subject?
Even I faced a little difficulty in my second semester with macroeconomics and trust me, all my friends had the same problem. Just that it requires proper guidance, I would suggest you to take proper coaching from any reputed institution of north campus as they provide with good notes.Personally, I favour self study more than anything else and that has been my mantra. I just arranged their notes from a friend of mine and quickly looked at them once after completing my book.
Intermediate Macroeconomics problem: How to find lifetime wealth, and consumption/savings?
I have a HW problem that I'm having trouble with since there are not too many examples in my textbook. Here's the problem: Alex lives in two periods: - In the 1st period, his income = 0 and he pays no taxes. - In the 2nd period, his after-tax income = $55,000. Given: - Interest rate = 10% (0.10) - Alex's utility is U(c,c') = log(c) + log(c') - Optimal consumption allocation is: c = ( w*e / 2 ) - Optimal consumption allocation is: c' = [ ( 1 + r) *we ] / 2 What's Alex's lifetime wealth? What's Alex's consumption and savings in period 1 and period 2?
INTeRMEDIATE MACRO hw PLEASE HELP ...s?
Suppose the (short run) total cost of production for a firm is given by the equation: C(q)=8q+q2+400. This implies that the marginal cost equation is MC(q)=8+2q. a) Give the formulas for: fixed cost, variable cost, average total cost, and average variable cost. This is the problem, my question is what is the first equation suppose to be. The C(q)=8q+q^2+400 and how does it translate into the Marginal Cost, and what does the MC equation mean? My teacher is an idiot asian and her accent is terrible, any help would be appreciated,
Which book is best for macro economics?
Macro EconomicsThe book has been structured in five units which covers all the topics of syllabus. In addition to this, the book also has some important numericals, Multiplier, Budget Surplus, Large Open Economy and examination Papers. The book also includes many graphs and diagrams which provides clear concept of Macroeconomics. The book has been written keeping in mind the curriculum requirements from academic perspective as well as intended at true knowledge addition for the students. Table Of Contents National Income Accounting Equilibruim Output and Employment Components of Gross Domestic Product v Neo-Classical Theory of Distribution of National Income (Among Factors of Production) Classical Model of Determination of Eqilibrium in the Goods Market and The Money Market Keynesian model of income determination Multiplier The IS-LM Model Shifts and Slope of IS and LM curve Shifts in Aggregate demand and aggregate supply Monetary and Fiscal Policy and its effect on the goods and the money market Unemployment Philips curve and as curve Dynamic Aggregate demand inflation Exchange Rate Large opem Economy case Mundell fleming modelPaperbackPublisher: S. chand Publisher (2011)Language: EnglishISBN-10: 8121940036ISBN-13: 978-8121940030ASIN: B0075M9CR8Product Dimensions: 23.4 x 16.8 x 1.5 cmHappy Learning
Few economics questions (macroeconomics)?
1) Suppose a country is producing $20 million of real GDP. If the economy grows at 10 percent per year, approximately how many years will to take for real GDP to grow to $80 million? a) 30 b) 14 c) 7 d) 4 I know there's a formula, but I can't seem to find it. 2) What increased labor productivity during the Industrial Revolution? a) increases in average hours per worker b) a slowdown in technological advances c) increases in the amount of capital per worker d) decreases in average hours per worker I think the answer is c here. 3) An increase in education and training a) increases the employment-to-population ratio. b) decreases real GDP growth. c) increases labor productivity. d) increases aggregate hours. I'm pretty sure it's a here. -Thanks for any help.