based on (i) a midterm exam (30 to be held on Thursday October 21st during class time, (ii) homework (15 and (iii) a final exam (55). Along any given IS curve: A) tax rates are fixed, but government spending varies. B) increase in government purchases. In a large open economy, if political instability abroad lowers the net capital outflow function, then the real interest rate: A) rises, while the real exchange rate rises and net exports fall. Topics include descriptive statistics, probability, statistical inference, and an introduction to regression analysis. Course Homepage: econ 101 and 102 are required as prerequisites to the concentration and to upper-level courses in Economics.
C) exports will increase and imports will decrease. D) it takes longer to implement spending on infrastructure than to implement tax cuts. Considerable attention is devoted to particular industries, such as petroleum, beer, prescription drugs, air transport, and telephonic communication. According to the natural-rate hypothesis, output will be at the natural rate: A) if inflation exceeds expected inflation. Specific topics in econ 101 include: supply and demand; the differences between competition and monopoly; environmental problems and policies; labor markets; and international trade. The course will include a computer lab component built around statistical analysis of household survey data.