StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Intermediate Macroeconomics - Coursework Example

Cite this document
Summary
Using the values and from the graph we observe that the effect of eyeballing which already indicates some time-dependent relationship between unemployment and the inflation rate. Thus there is evidence of Phillips curve relationship.
(b) Calculate the 12-month percentage…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Intermediate Macroeconomics
Read Text Preview

Extract of sample "Intermediate Macroeconomics"

Download file to see previous pages

(c) Calculate and graph the ratio of each of real residential investment, real non-residential investment and real inventory investment to real GDP. How do these components rank in terms of variability? Provide some explanation. 2. Consider a consumer who maximizes a utility function that depends on leisure and consumption, and who is subject to a budget constraint. The government imposes no tax on workers on wage rates up to a certain number of hours worked. Beyond this number of hours the government imposes a proportional tax rate. 4. In the Solow model, suppose there is government spending G=gN where g is fixed, and N is the number of people, and S=s(Y-T), where T=G.

Show with a diagram that there are two possible equilibria, but that only the larger is stable. What is the effect on growth rates of an increase in s? 5. Suppose that part of people’s time is taken up with a given level of childcare, so that this cuts into leisure and working time. Suppose now that government raises lump sum taxes to pay for this itself. From a consumer’s perspective, assuming that wages are unchanged, what will be the effect on the consumption/leisure tradeoff? A parent who stays home to care for his or her children receives home production value for providing the service; a parent who works and hires a caregiver must pay the caregiver for the service.

In the absence of a deduction for child care costs, payment for nonparental child care is made with income on which tax has been assessed. Thus a parent who pays for child care must earn more than the caregiver’s payment, before taxes, to pay the caregiver. Home-provided child care is “paid for” by forgoing untaxed wages, so the cost of home care is less than the cost of a hired caregiver. Making child care expenses tax-deductible would lead to greater social efficiency by eliminating this difference and

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Intermediate Macroeconomics Coursework Example | Topics and Well Written Essays - 1000 words”, n.d.)
Intermediate Macroeconomics Coursework Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/macro-microeconomics/1654933-intermediate-macroeconomics
(Intermediate Macroeconomics Coursework Example | Topics and Well Written Essays - 1000 Words)
Intermediate Macroeconomics Coursework Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/macro-microeconomics/1654933-intermediate-macroeconomics.
“Intermediate Macroeconomics Coursework Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/macro-microeconomics/1654933-intermediate-macroeconomics.
  • Cited: 0 times

CHECK THESE SAMPLES OF Intermediate Macroeconomics

Fiscal Policy and Economic Growth

… The purpose of this assignment is to analyze macroeconomics basic concepts.... As far as the macroeconomics situations of SEA countries are concerned, the most reasonable choice is managed floating regime.... As far as the macroeconomics situations of SEA countries are concerned, the most reasonable choice is managed floating regime.... As the essay stresses countries exposed to large capital flows must avoid intermediate regimes....
5 Pages (1250 words) Essay

Unemployment In UK and Effect of a Wage Increase

How do we measure the unemployment rate in the UK?... In October 2010, the minimum wage in the UK increased from £5.... 0 to £5.... 3 per hour for workers over 21 (2.... 4% increase per hour).... Use suitable economic analysis to examine the effect of this increase.... hellip; For instance, in analysing the issue of whether an increase in the minimum hourly wage causes unemployment, Baumol and Blinder (2009, p....
5 Pages (1250 words) Essay

The Managerial Theories

The paper "The 'Managerial' Theories" covers the inherent conflict between providing costly incentives to motivate managers to perform well, against the overall profit motive of the firm.... In analyzing this conundrum, the author will call on the different kinds of motivational tools.... hellip; The standard economic theory would indicate that the more managers are offered to work in a firm, the greater their motivation to work, and the more attractive employment in the firm is to those searching for a new position....
7 Pages (1750 words) Essay

Innovation Procedures Incorporated by Apple Company

Apple Company is one of the firms that have succeeded a lot in the contemporary world and this is majorly due to the manner through which it has engaged in different marketing procedures that has seen it do well.... Given the required finance and resources to come up with a company… The major approach that Apple incorporated was producing commodities of high quality and expensive at the same time. The major If an interested person decided to visit the company's websites, he or she would understand and this is from the high prices that the company sets for its commodities (Mullian, 2010, 95)....
4 Pages (1000 words) Term Paper

Summarizing the main arguments of the case study: Trends in Labor Force Participation

"Intermediate Macroeconomics.... One of the current trends in business labor force is where the organizations are adopting a technique whereby they are practicing group based forms of work design rather than the workers working individually.... The organization assigns tasks to multifunctional teams in order to… This trend enables the organizations, to be able to engage its workers in higher complexity of work and also can enable the organization to adjust further it concepts methods, strategies and the skills of its workforce....
1 Pages (250 words) Essay

Intermediate Microeconomics

= {(7-10)/10}/ {(1.... 5-1)/1} = (-3/10)/ (0.... 5/1) = -0.... /0.... 5 = -1.... .... Arc elasticity of demand is the proportion of the percentage of variable between two points to the percent of the other variable (Mankiw 89).... hellip; Cross elasticity of demand measures the responsiveness of the demand for the product in respect to change in price of another product....
1 Pages (250 words) Assignment

Applied statistics for finance and economics

This paper looks into the relationship between an end-of-week share price for a given stock (y) and an end-of-week value for the Standard & Poor 500 index (sap).... The paper probes whether there is any causal relationship between log returns for the stock series (y) and log S&P… It also investigates if the data is randomly disbursed a side from inspecting whether the log stock series and S&P 500 index are normally distributed and whether there is any trace of volatility in the data. The world is currently experiencing banking problems, and The spread of recession globally made share prices go down dramatically....
8 Pages (2000 words) Coursework

A Comparison of Performance of G7 Countries Since Credit Crunch

The performance on the recovery path has been different among members of the G7 group as monitored.... This paper is about a comparison in this performance and… During the financial melt-down hat was experienced most all the G7 members experienced massive losses in their economies.... These losses ran into billions The results were evidenced in the forms of reduce activity in the stock market and collapse of financial institutions....
8 Pages (2000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us