PPT-ECON 100 Tutorial: Week 2

wwwlancasteracukpostgradmurphys4 smurphy5 lancasteracuk office LUMS C85 Moodle Moodle https moduleslancsacuk Coursepaper Tutorial worksheets Lecture Recordings General Announcements. m pm am pm am pm am pm am pm am pm am pm am pm am pm am pm am pm am pm Meal 1 Meal 2 Meal 3 Meal 4 Meal 5 Meal 6 NOTES brPage 3br The Training for LIFE Experience Daily Progress Report ACTUAL Upper Body Muscle Groups Chest Shoulders Back Triceps Bice 1 miles www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office hours: 3:00PM to 4:45PM . tuesdays. LUMS C85. Question 1. Use AD-AS analysis to show how each of the events below will affect the equilibrium price level and real output in an economy in the short run when the aggregate supply curve . 17. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C85. Outline. Roll Call. Problems. Chapter . 26: . Problem 3. Your uncle repays a loan from a bank by writing a . cheque. www.lancaster.ac.uk/postgrad/murphys4/. s. .murphy5@lancaster.ac.uk. office: LUMS C85. Question 1. . Classify each of the following markets as highly contestable, moderately contestable, slightly contestable or non-contestable. If it depends on the circumstances, explain in what way.. 7. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. Office: LUMS . C85. Question 1 . There . are no barriers to the entry of new firms into the market. .. . Firms . in the industry produce differentiated products. . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Outline for this week’s tutorial. Past exam question ( from last week) – 5 min.. Question 1 – 2 min.. Question 2 – 3 min. . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office . hours: . 3:00PM . to . 4:00PM Mondays LUMS . C85. Question 1 . From . the national income identity, what association might exist between a fiscal deficit and a trade deficit? . www.lancaster.ac.uk/postgrad/alia10/. a.ali11@lancaster.ac.uk. office hours. : . 3:45PM . to 4:45PM . tuesdays. LUMS C85. Some notes for the last section of ECON 100. You’ve had some experience with David Peele’s questions – on Exam 4. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office. : LUMS . C85. Outline. Question 6 – 15 min.. Question 7 – 15 min. . Past Exam Multiple Choice questions - 15 min.. Suggested solutions for other questions will be included/added to slides so you can check your own answers.. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. NEW office . hours: . 2:00PM . to . 3:00PM . tuesdays. LUMS C85. Question 1(a): . MV . ≡. PQ. .. If M were to rise by 6 percent, Q by 4 percent while V is unchanged, by what percentage would P increase?. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. How to Prepare for the Exam. Review your Tutorial Worksheets and Slides, Lecture Slides, The Specimen Exam, and Textbook chapters – that’s the order of importance. . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Permanent Income Hypothesis. People will spend money at a level consistent with their expected long-term or lifetime income. When young, people generally borrow, when middle aged people pay off their loans and save for retirement, and when old, people spend what they saved.. www.lancaster.ac.uk/postgrad/alia10/. s.murphy5@lancaster.ac.uk. office . hours: . 3:00PM . to . 4:00PM Monday LUMS . C85. Exam 4 Next Week. 40 Multiple Choice Questions. 28 from Gerry Steele. Mostly theory .