ECON 1002 (1 Viewer)

[kow_dude]

I think so. I'll email Atta and post his reply here.

EDIT: What is his email ?!? :S

 

[Sarah168]

http://www.econ.usyd.edu.au/content.php?pageid=13105

 

[xiao1985]

OMG some one starting assignment already?!

ok i am slow =(

 

[kow_dude]

OMG some one starting assignment already?!

I am very stupid in economics. The assignment is likely to take my entire week ~!! So i better start now.

 

[ToO LaZy ^*]

omg im already lost for the 1st question

1. Suppose net (foreign) income, Yf, in the Frolic economy is zero. Explain why:

a) net exports (NX) increase whenever saving (S) is greater than investment, I. (5 marks)

any ideas where i should start/what models i should be using? <3

 

[sarevok]

look at the notes for lecture 3

 

[ToO LaZy ^*]

cheers brah
i was looking at everything from lecture 6. silly me

 

[ToO LaZy ^*]

2. a.
...How is the accelerator coefficient related to real wages?

can someone clarify?
APC = C/YD
where C = consumption
YD = disposable income

 

[kow_dude]

2. a.
...How is the accelerator coefficient related to real wages?

can someone clarify?
APC = C/YD
where C = consumption
YD = disposable income

Yes, the three equations are correct.

As to your first question, i have no idea.

In 3a), how the heck do you get rid of M (imports) in the GDP equation?!?

ECONOMICS

 

[s.m.i.t.h]

can someone help me with question 1 streams 2 & 3?
i dont have a clue?!!

thanks

 

[kow_dude]

can someone help me with question 1 streams 2 & 3?
i dont have a clue?!!

thanks

refer to notes in lecture 3

 

[s.m.i.t.h]

yeh i have...'macroeconomic measurement' right?
i still cant find the answer

 

[ToO LaZy ^*]

it basically gives you the answer in the notes. ...
look again.

 

[kow_dude]

It doesn't directly give you an answer, but it somewhat gives you a hint.

 

[s.m.i.t.h]

is it someting to do with national income identity?

help me out here?
please?

 

[sarevok]

hey that 'x' in question 3 is net exports, not just exports, right?

 

[sarevok]

yeah but it says note that net exports is responsive to income

oh well, doesnt seem to make a difference in the calculation anyway

 

[Sarah168]

haha i havent even read half the q's :/

 

[sarevok]

ok, i'm stuck on q3 =\ don't know if we're meant to find the multiplier

 

[kow_dude]

hey that 'x' in question 3 is net exports, not just exports, right?

I was just about to email Atta about this. If foreign trading is not considered in the economy, then "x" wouldn't matter in the calculation. But if foreign trading is considered, then the "x" should be net exports, otherwise there will be two unknown variables in calculation.