3Ê Ö3Ê ¨f) gdp ch 18 h i d dÍ‘ -...

3Ê 6 {Ö3Ê CH 16 ≈¨F) CH 17 ıî GDP CH 18 €H%»A≈ CH 19 lz CH 20 Ií, lzDa˙�“ CH 21 ¿¢�“DÍ‘

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April 20, 2018

2 / 22


Òì

1 3Ê6

2 {Ö3Ê

3 CH 16 ≈¨F)

4 CH 17 ıî GDP

5 CH 18 €H%»A≈

6 CH 19 lz

7 CH 20 Ií, lzDa˙�“

8 CH 21 ¿¢�“DÍ‘

3 / 22


Q1

$�—{0 = d1+s1s0

� 1

• (a) 3+6060

� 1 = 5%

• (b) 3+5860

� 1 = 1.67%

• (c) 8.33%⇥ 0.25 + 5%⇥ 0.5 + 1.67%⇥ 0.25 = 4.99%I w2$g,Ÿ—62Ì—{0—3+62

60 � 1 = 8.33%

4 / 22


Q3(a)

R0 =d + s1s0

� 1

R = R + �

• ~˚|s0—d, R, � 5Éb�

R0 = R + � =d + s1s0

� 1

) R + �+ 1 =d + s1s0

) s0 =d + s1

R + �+ 1

∞‹™), s1 =d + s2

R + �+ 1, s2 =

d + s3R + �+ 1

5 / 22


Q3(a)

• ~˚|s0—d, R, � 5Éb�

) s0 =d

R + �+ 1+

d

(R + �+ 1)2+

d

(R + �+ 1)3+ ...

) s0 = d ⇥1

R+�+1

1� 1R+�+1

= d ⇥ 1

R + �

) s0 =d

R + �) d = s0 ⇥ (R + �)

6 / 22


Q3(b)

• j‘(, $g±—üÖ60% OR ��∑.â

d 0

d=

s 00 ⇥ (R + �)

s0 ⇥ (R + �)

) d 0

d=

408⇥ (R + �)

680⇥ (R + �)= 0.6

7 / 22


Q3(c)

• j‘(, ß1$�—{.¸Ï4,Ø, $gEÕ-±—60%

• � ,Ø— �0

• ™(b) yy,Ø

d 0

d=

s 00 ⇥ (R + �0)

s0 ⇥ (R + �)

8 / 22


Q4(c)

• lgï¿

= 64

• B†⌫I1000N↵êl‰, ï¿ = 100064

= 15.625

• ÖÊcql‰.}~H/s⇡lgÛ⇣, YÕu1000N

15.625 + 1000� 1000

1000= 1.5625%

9 / 22


Q4(d)

• 1000NÊp¡W, ©Ç7—20Nj

20 + 1000� 1000

1000= 2%

10 / 22


• Ch16 ≈¨F)I Q 12.13.14

• Ch17 ”gNbDF)}∫I Q 8.9.14

• Ch18 €H%»A≈I Q 13.14I Àì Q3

• Ch19 lz

I Q 11.12.14.15.16

• Ch20 Ií⇥lzDa˙�“I Q 6.7

• Ch21¿¢�“DÍ‘I Q 10.11.14

• Ch22 åfiX#D€∞I Q 11.12.14.16

11 / 22


≈¨F)

• ≈qfiflÑÁI ¯≈≈q, k¯®Ç»qFfifl|VT—|�‡§ÌãåDêéÌ�“gM,∏�

I fiflfiI X|fiI F)fi

12 / 22


≈¨F)

• fiflfiI ÀãgM = fl| - 2»IpI 2»Ip : êçD ÏíÖJ’5Ip

• X|fi

I GDP = C + I + G + X - M

• F)fiI GDP = w + r + i + ⇡ + »Q⇧¥Á + ~H

13 / 22


ıîGDP

• ıîGDPI !Ç(Fixed Base Year) ✓∂I ©û∂(Chain -Linked) ✓∂

• GDP ◆¡Nb

• ↵êâ◆gNb

• æë6”gNb(CPI) £¶åêŸ0

• –≠[b (Gini Coe�cient)I A

A+B (‡{ÖF˝Ì«$†✓fi )

14 / 22


€H%»A≈

• fiflÉb y = f ( l, k, h )

• ,∏fiflÉb Y = F ( L , K )I Cobb - Douglas fiflÉb

Y = AL12K

12

I ¶AÕ˙b, y˙v»—}

4Y

Y=

4A

A+

1

2

4L

L+

1

2

4K

K

15 / 22


€H%»A≈

• êçfiflâ y = Y / L

4y

y=

4Y

Y� 4L

L

• êçfiflâA≈0DAÃ GDP A≈0, ƒˇìA®¥,A®™0∏◆Ã Tvb Ï, }Us6A≈0�↵Û⇣�

4y

y=

4y

y=

4Y

Y� 4L

L

• Rk = P⇥MPK+|ª˘Gú¬5Yp ÏIíX|

� 1

16 / 22


lz• lz = ˙| + ÏIí• FÇ„✓ÃÑ�

I ✏¯Ç„✓ÃÑ�

b0(1 + R0) +m0 + p1y1 = p1c1 + b1 +m1

I ✏˘Ç„✓ÃÑ�

b1(1 + R1) +m1 + p2y2 = p2c2 + b2 +m2

I ¶ ✏¯ÇÌi⇡

b0(1 + R0) + p1y1 +p2y21 + R1

= p1c1 +p2c21 + R1

• lz = F) - æëX| = íflÏÁ5âç

= b0R0 + p1y1 � p1c1

= (b1 +m1)� (b0 +m0)17 / 22


lz

• ë»j⌃� R = r + ⇡

• ıîlz

s1 =b1p1

� b0p0

=b0(1 + R0)

p1+ y1 � c1 �

b0p0

= r0b0p0

+ y1 � c1

18 / 22


Ií, lzDa˙�“z

• lz = ˙| + ÏIí

• Ií = ÍIí + ⇢ºIí

• a˙ = Í»æë4a˙ + ⇢ºapd ÏIí

19 / 22


Ií, lzDa˙�“z

• æëDlz≤œ

I Ç0,Ø˙˙|6£ap6 ‡I ø¿`âÏÁ, ™˙í¿£lzDIí�“�

• Ç0D ÏIí

I ⇢º ÏIí : ‚ ÏíÖIí—{0R)�I Í ÏIí : ÍÌ∂}lz— ÏIí�I ,ØIí€∞ : $ì, ÍD\⇠∂∆ ÏIí,∏�

• Ã©IíDlz

I Ílz‚sÇ„✓ÃÑ�∞), ¯F�Í¿Pl

zÛã, π—,∏lz�

S1 = r0B0

p0+ Y1 � C1 = (

B1

P1� B0

p0) + I1

20 / 22


¿¢�“DÍ‘

• L≤œ£≠,∑ú

• $�—{0

I .5?Í‘ÚQ

R =d1 + s1

s0� 1

I $�Í‘Û˙úÚ

R + a =d1 + s1

s0� 1, a > 0

I a �—Í‘˚Æ : ÚÍ‘$�DÃÍ‘t`—{

05œÊ�

• ÖÔ™22 / 22

3Ê Ö3Ê ¨f) gdp ch 18 h i d dÍ‘ -...

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