Econ 333 10/18/13 Assignment 3 Chapter 3: Questions for Discussion 1. The distinctions among the stages-of-growth theory of development‚ the structural-change models of Lewis and Chenery‚ and the theory of international dependence is that each one takes into account different factors or focuses on specific factors. The Stages-of-growth theory has a five stage to which a developing nation must go through. The Structural-change model of Lewis focuses on a developing country transforming itself
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ECON 2202-001 Intermediate Macroeconomics Chapter 8 Homework Assignment 8-1. In the United States‚ the capital share of GDP is about 30 percent‚ the average growth in output is about 3 percent per year‚ the depreciation rate is about 4 percent per year‚ and the capital–output ratio is about 2.5. Suppose that the production function is Cobb–Douglas‚ so that the capital share in output is constant‚ and that the United States has been in a steady state. (For a discussion of the Cobb–Douglas production
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Schulich School of Business Mokhles Hossain York University Fall 2012 Econ 2000 Applied Macroeconomics Assignment # 1 Solution Value: 100 Due: Thursday‚ October 11‚ 2012 NOTE: Late assignments will not be accepted Show all your work to get full marks Assignments must be typed (except for diagrams) Question 1 (10 points) Suppose i) Identify the endogenous and exogenous variables of the model. There are three variables and four constants (two intercepts
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Econ 204 Name Institution Date Question 1 Avatar: 218.1× 760.50/214.5 = 773.26 Titanic: 218.1 × 600.8/160.5 = 816.41 Star Wars: 218.1 × 461/60.5 = 1661.89 Shrek 2: 218.1 × 437.2/188.9 = 504.78 E.T The Extra-Terrestrial: 218.1 × 399.9/96.5 = 903.82 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |Movies |Nominal Box Office |Year Released
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Econ 340 10/10/2013 Assignment 6 Marginal Analysis and the Optimal Level of Quality 1.) The Standard cost of quality model is similar to the group size model because both models reach an optimal “size” or “level” of “perfection”. These models are similar because they both have a definition of what is technically perfect although there may be other complications such as overcrowding‚ lack of quality‚ or other available alternatives. In the Standard cost of quality model this “level
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ECON (2155) DOCUMENT DATA EXERCISE #1 Consists of four parts Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade) Complete the following exercise Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP)‚ then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables‚ click “Begin using the data”‚ and use Section 1 - Tables 1.1.5 and 1.1.6 to
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MID-TERM EXAM: ECON 2123 (Macroeconomics) Professor Yong Wang 10am-12pm‚ November 3‚ 2012 NAME ID# Instructions. There are three parts (12 pages) in this exam. Justify your answers in Part 2 and Part 3. Don’ panic even if you …nd some question di¢ cult; it may be di¢ cult for others t as well. Allocate your time wisely: answer the easy questions …rst and do not dwell on a single question for too long. An important way to please your grader is to write your answers neatly. No electronic
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Course: Economics 203 monday - 3-3:50 tuesday - 4:30-5;20 wednesday - 9 - 9:50 thursday - 8:30 - 9:20 Optional tutorials - SS403 Ta’s email uofcecon201203@gmail.com Get a scientific calculator for this course! Final exam is a lot harder then the midterm Class before the exam = questions we can ask him‚ he will do sample questions‚ sue – past midterm exams Chapter 8: Saving‚ Investment and The Financial System: The financial system consists of all those institutions in
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Incentives: rewards that encourage action or penalties that discourage action. • Economics studies the allocation of scarce recourses among people • Alfred marshell (1842-1924) shaped macro economics • Joan robinson: “ the main reason to study econ is to avoid being fooled by it Two main parts: A) Microeconomics: studying the choice of individual decision makers. And how they interact in markets B) macroeconomics: how the overall economy performs. 2 big questions 1. What‚ how and
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Econ 1011 Study Guide Opportunity Cost The opportunity cost is the cost of the forgone alternative. (If you have many alternative it is the one which has the highest value) Total opportunity cost / economic cost = Explicit cost + Implicit cost Production Possibilities Frontier - Points inside the PPF vs. outside the PPF - Shape of the PPF - Economic growth and PPF Law of Demand Other things remaining constant‚ the quantity demanded of a good rises when the price of the good
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