Tomorrow’s lecture slides are uploaded. I’ll most likely go ahead of what I have there, but at least now you have something to go off of. Your second assignment is uploaded. It covers some of the stuff we talked about yesterday, and some of the stuff we’ll talk about tomorrow. It’s due in section next [...]
EconTalk is a weekly podcast in which Prof. Russ Roberts of George Mason University interviews various economists on a myriad of issues. A couple of weeks ago, he had Prof. Tyler Cowen also from GMU, and the co-author of Marginal Revolution – one of the more popular blogs of the econo-blogosphere. They were talking about [...]
There were two unanswered questions in the problems we covered in class (one in slide#20 of the lecture – this was not a typo – and the other in slide#21). I will rewrite them here. The first person to answer both correctly, gets a half-point bonus. Please write all steps clearly. 1. If C0 = [...]
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An article in the latest (last week’s) Economist talks about the importance of an existing infrastructure before new technologies are introduced. If there isn’t any solid infrastructure, then it’s almost pointless to introduce a new technology: …as a recent report from the World Bank points out, it is the presence of a solid foundation of [...]
I’ve posted the second assignment under the ‘Assignments’ section in the side-bar to the right. It’s below the ‘Handouts’ section – you might need to scroll down. This assignment is to prepare you for next week’s exam. It has six problems and one bonus problem from Chapters 1 through 4 of the text, covering everything [...]
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Read the original post on Cobb Douglass II (the sequel). If you can convert Cobb Douglass I to Cobb Douglas II, then you’ll get an extra half-percentage point added to your total. Specifically, I want you to convert this: to this: . Leave a comment on the original post using your full name. The first [...]
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Your first assignment has been posted (in the side-bar to the right). It is due on Tuesday 2/5. As I mentioned in class yesterday, this assignment has to do with the inverted yield curve and will be equivalent (in terms of grades) to two problem sets. I have written a very extensive step-by-step description of [...]
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Today we touched on the six key variables that macroeconomists examine: Real GDP Unemployment Rate Interest Rate Inflation Rate Stock Market Indices Exchange Rate We did not get to investor preferences (stock vs. bond), or to talking about the exchange rate. We will cover that next time, along with how to calculate the GDP and [...]