Problem
Set Exercises: Macroeconomics in the Global
Economy
Updated: Mar 24, 2013
As
stated in the course syllabus, problem sets are not
required. Problem sets will not be
graded, nor are they
worth formal credit. They are taken from
the text and thus are not indicative of
what the final exam will look like (previous exams are much better
guides
to future exams, and will be distributed well in advance of the final
exam).
Nevertheless,
problem sets are recommended since
they are good exercise. The names of
students who hand in problem sets will be recorded, and students on the
margin
of receiving a higher grade will benefit from completing problem sets. To be recorded, problem sets should be handed
in no later than two weeks after the topic has been completed in class to either the instructor or the GSI. Hard copy please! (And
please don’t hand in a print-out of the
solutions.)
Since
problem sets are primarily intended for
your own benefit, answers are also available.
Problem
Sets, organized by topic
(Chapters and
problems taken
from Mankiw’s Macroeconomics 8th edition;
there is no Problem Set #1)
2. Production,
Distribution, and Spending: Chapter 3,
Problems #1, 6, 9. Answers are
available as
a PDF file.
3. Long-Run Growth and
Productivity: Chapter 8, #2, #4 Chapter 9, #2, #5.
Answers
are available as
a PDF file.
4. Natural Rate of
Unemployment: Chapter 7, #4, #6, #8.
Answers
are available as
a PDF file.
5. Money, Bonds,
Interest Rates and Inflation in the Long
Run: Chapter 5, #2. Answers are
available as
a PDF file.
6. The Balance of
Payments, Capital and Trade Flows with
Flexible Exchange Rates: Chapter 6, #3, #5, #7.
Answers
are available as
a PDF file.
Business Cycles
7. Business Cycles in an
Aggregate Model: Money and Oil
Shocks: Chapter 10, #1, #3. Answers are
available as
a PDF file.
8. The Multiplier Model
and Fiscal Policy: Chapter 11, #1,
#4. Answers are
available as
a PDF file.
9. The IS-LM Model in a
closed economy: Chapter 12, #2,
#4, #5, #7. Answers are
available as
a PDF file.
10. The
Mundell-Fleming model with fixed rates: Chapter 13, #8.
Answers
are available as
a PDF file.
11. The Mundell-Fleming
model with flexible rates: Chapter
13, #4, #6, #7. Answers are
available as
a PDF file.
12. International
Macroeconomic Arrangements (no problem
set).
13. Aggregate Supply and
the Phillips Curve: Chapter 14,
#7, #8. Answers are
available as
a PDF file.
14. Economic Policy:
Chapter 18, #2. Answers are
available as
a PDF file.