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Graph the two-period budget constraint for consumption. What is the slope? Is this tax distortionary?
Use Okun's law to answer the questions; ut - ut-1 = -0.4(gyt - 3%). Assuming ut-1 = 7% Compute the change in u (ut - ut-1) for each of the following values of gyt: 5%, 7%, 9%. How much has output gr
There are some economic commentators who do not see health care as being different to other goods and services and therefore argue that we should use the private competitive market in delivering hea
Determine the optimal level of investment for a household when i = 10%, and there is no depreciation. Is the economy at an optimal level of investment in period 1? Would an introduction of an invest
In the absence of monetary policy and the exchange rate as stabilization instruments and given the monetary policy stance of the monetary union, briefly discuss the feasibility of using fiscal polic
You just opened a flower shop and are trying to comprehend pricing issues. You were told that elasticity is very important in finding out prices and what products to supply, so you decide to investi
There are two brands of cell phones which are almost identical apart from for some minor features: the A-Phone and the Pomegranate.
Two animals are ghting over a prey. The prey is worth v to each animal. The cost of fighting is c1 for the first animal (player 1) and c2 for the second animal (player 2).
Nancy is endowed with $1000 of income in period 0 and $315 in period 1. The market interest rate is 5 percent. Identify the excess burden and the tax revenue raised on your diagram and determine their
If a firm has total revenues of ten million, explicit costs of eight million and implicit costs of three million, then:
Discuss a typical firm’s preferred market structure and pricing policy for maximizing its economic profit potential.
Demand for illegal drugs is inelastic. Much of expenditure on illegal drugs comes from crime. Suppose these statements to be correct, How would a successful campaign which decreases supply of drugs i
What are the determinants of foreign direct investments in developing countries?
If nominal GNP rises at a rate of 10 % per year while the GNP deflator rises at 8 % per year, then
This is partly taken from a court case where one of my colleagues was a witness. Suppose that an employee is terminated without cause and that she sues the company for compensation. How much should
Use the moment conditions 4 to derive a consistent GMM estimator of (α,Φ). Does it require knowledge of the distribution of εt? Note that we discussed asymptotic properties of
Select a share from the market like LSE, NYSE, NASDAQ, etc. [Data sources can be Datastream, Google Finance or others]. Using suitable econometric techniques analyse daily prices, returns and volatili
Prevention of main swings in economic activity could be handled most easily by house hold sector, business sector, financial sector, government sector.
A firm in a perfectly competitive market invents a new technique of production which lowers its marginal costs. What happens to its output? What happens to the price it charges?
In order to address the concern that education may be correlated with unobserved factors such as ability, you would like to use mother’s years of schooling (motheduc) as an instrument for educ
Calculate the sample mean X‾ and the sample variance S2 and construct a 95% confidence interval for the population mean.
If nominal GNP increases at a rate of 10 % per year while the GNP deflator increases at 8 % per year, then:
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of prices and quantities
Your assignment will focus on the question of whether the law, or legal rules, should take into account “equity” (or “distributional”) problems that might exist in society.