by Dan | Nov 6, 2022 | Marketing
Q1. Consider the two-period Real Business Cycle (RBC) model without uncertainty presented in the lecture slides (also Romer, 2019, ch.5), but with one modification. Now assume that the instantaneous utility function for households takes the form: 𝑢𝑡 = 𝑐𝑡 1−𝜃 1...
by Dan | Aug 5, 2021 | Main
Q1. What are the differences between micro and macroeconomics? Q2. What are the ten principles of macroeconomics? Q3. Explain agents and markets of circular flow diagram? Q4. What is production possibilities frontier? Q5. Explain opportunity cost with one example?...
