Homework                          ECO 201 Principles of Macroeconomics

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Early work will be given a 5% bonus ("Early" = turned in 24 hrs before the due date).  Late work will be assigned a grade of zero.  Monetary Policy papers are considered late if submitted after 11:59pm on the due date.  The Homework Journal is considered late if turned in after the end of the Quizzes and the Tests. 

Excel 2007 skills updated 9/2/08

Dr. Gabriel Martinez
Academic 2056

gmartinez@avemaria.edu
(239) 280-1611


Week   Monday Tuesday Notes Wednesday Thursday Notes Friday
    Due on Tuesdays Due on Thursdays For next Tuesday
1 Aug25              
2 Sep1 Qs on Readings 17: q1, q7   17: e1, e3 17: e4   18: q1, q5
3 Sep8 18: q7, e4 18: e5, e8   21: q6, q7 21: e8, e10   19: q2, q3
4 Sep15 19: e1, e2 19: e4, e10   Cross-Chapter Exercise Quiz 1
chs. 17, 18, 19, 21, and Readings
Study Guide
  25: q3, q4
5 Sep22 25: q5, q7 IR Paper 1   25: e3, e5 26: q1, q2, q3   26: q4, q5, q6
6 Sep29 26: e1, e2
[Workbook]
RCE
26: e3, e4
[Workbook]
  26: q7, q8 26: q9, q10   26: e5, e6
[Workbook]
we have studied App. B
7 Oct6 26: e7, e8
[Workbook]
RCE
26: e9, e10
[Workbook]
    Mid-Term Exam
chs. 17, 18, 19, 21, 25, 26, and Readings
Study Guide
   
8 Oct13   RCE
23: q1, q3, q6
  23: e1, e4 23: e5, e8   3: q2 (extremely important)
Appendix to ch1
9 Oct20 Midterm Break Midterm Break   Supply and Demand Workbook 27: q1, q3
[Workbook]
  27: e3, e4
[Workbook]
10 Oct27 27: q5, q6
[Workbook]
RCE
27: e5, e6
Skip part (c) of Problem 6.
[Workbook]
  28: qs. 1-2 from the Workbook 28: q4, q5
Workbook
  28: e3, e4
Workbook
11 Nov3 28: qs. 3-4 from the Workbook IR Paper 2   28: e5, e7
Workbook
RCE
20: q4, q7
  20: extra question from the Workbook
12 Nov10   Quiz 2
chs. 23, 3, 27, 28 (not 20)
Study Guide
  20: e1, e6, e10
Workbook
22: q5, q6
[Workbook]
  22: e2, e3
[Workbook]
13 Nov17 22: e8, e9
[
Workbook]
22: extra question from the Workbook   24: q5, q6
[Workbook]
24: q7, q8
[Workbook]
  24: e5, e6
[Workbook]
14 Nov24 24: e7, e8
[Workbook]
30: q2, q3
[Workbook]
  (skip 30: q5, q7)
[Workbook]
Thanksgiving Break   Thanksgiving Break
15 Dec1 30: e2, e4, e8
[Workbook]
30: e5
(skip e6)
[Workbook]
        IR Paper 3 (Dec 5)
                Final Exam
Study Guide

Dec 12, 2-5pm



Questions on Readings

This homework refers to the readings by Friedman and Friedman, Lindblom, and John Paul II. 

How would each of the authors answer each of these questions?
 
1. How does the market system encourage people to produce (or to contribute) what society needs?
2. What justifies government intervention? What are the general principles (or rules) that should guide government intervention?
 

Cross-Chapter Exercise:

 

 
'01
'02
 
 
 
 
Price Level
50
51
 
 
 
 
Nominal Expenditure (in millions of $)
 
 
 
 
Consumption Expenditures
700.00
759.08
Exports
 
43.75
43.33
Government Expenditures
166.25
163.59
Imports
 
70.00
73.40
Investment Spending
210.00
213.05
 

Answer these questions using the previous table
1.      What is Nominal GDP in Year '01 and in Year '02?
2.      What is the Rate of Growth of Nominal GDP between Years '01 and '02?
3.      What is the rate of inflation between Years '01 and '02?
4.      What is the rate of growth of Real GDP between Years '01 and '02?
 
5.      Turn the Price Level in to a Price Index, making '01 the base year.
6.      Using your answer to (5), recalculate the rate of growth of Real GDP. 
7.      Explain why you get the same answer to (4) and (6).

 


 

Dr. Gabriel Martinez                       Academic 2056

gmartinez@avemaria.edu                 (239) 280-1611

Homework ECON 201