Introduction The objective of this chapter is to move from theory to empiric. Specially, we shall study how macroeconomic policies can be applied to solve practical macroeconomic problems
Course description Macroeconomics is the most disputed, confused, yet excited field in economics. This course introduces you how economists think about those macroeconomic problems such as inflation, unemployment and recession, and how macroeconomic policies
The Multiplier Process as Market Exchange Process A Contribution to the micro Foundation of Keynesian macroeconomics Abstract Traditional equilibrium analysis has been incorrectly founded once an\ordering issue\is
I guess I have to come out to reply to those who concern with the nature rate of unemployment First, What is the natural rate of unemployment? It is assumed to be the unemployment rate at the steady state or equilibrium. Note that equilibrium here is not referred to the common
Then =1-91=1(3+:2)(3+2n 可=-1-3)=1(4-+2)(1-2+a With 1 0 O: Thus, in equilibrium, we must have ai=.2. In fact, the two firms must sit in the middle By Proposition 2.1, Pi=p?=c Discussion
Problem set 1 Micro Theory S. Wang Question1.1. Show that“f(X)=f(x),Vx∈R,A>1” implies“f(A)= Af(x),Vx∈R,A>0.” estion 1.2. Use a Lagrange function to solve c(w1, w2, y) for the following problem
Problem set 3 Micro Susen Wang Try to do most problems in MWG(1995), Chapters 7-9 Question 3.1.(Mixed-Strategy Nash Equilibrium). A principal hires an agent to perform some service at a price(which is supposed to equal the cost of the service The principal and the agent have initial
