ECON3098_SHFYR_2020_INT_U: Guide to the Introductory Test released 8/8/20, 12(32 pmECON3098_SHFYR_2020_INT_U: Guide to the Introductory Test released Page 1 of...

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hey this is a test on the 20th of augustsmall test with three questions please read guideline and will be sending lectures and material via emailneed writer62982 asI trust them to login and attempt the testalso its a certain time and will be clarifiedReal soon so please be able to attempt at a certain time and be in contact with me


ECON3098_SHFYR_2020_INT_U: Guide to the Introductory Test released 8/8/20, 12(32 pmECON3098_SHFYR_2020_INT_U: Guide to the Introductory Test released Page 1 of 2https://ilearn.mq.edu.au/mod/forum/discuss.php?d=1546063 My home / Units / ECON3098_SHFYR_2020_INT_U / General / Announcment forum / Guide to the Introductory Test released ECON3098 The Asian Economies ◄ Guide to the maths of IS-LM released Display replies flat, with oldest first ◄ Guide to the maths of IS-LM released Announcment forum Guide to the Introductory Test released Guide to the Introductory Test released by Alexander Blair - Friday, 7 August 2020, 4T13 PM You will find it under the Assessments section. We will be releasing some further details soon, so keep watching the Announcements forum. As I said in tutorials, it is most of all the third and final section of the Module One lecture that you need for this Test. So you won't have a lot of study to do (but any study you do will be helpful for you also in the Mid-Session Test). However make sure not to wait till the night before to study, what you need to do will be easy but you need to practice it. Let's see some practice IS-LM maths answers here in the Questions forum next week, Week 3. AB Permalink ? Search forums https://ilearn.mq.edu.au/my/ https://ilearn.mq.edu.au/course/index.php https://ilearn.mq.edu.au/course/view.php?id=43557 https://ilearn.mq.edu.au/mod/forum/view.php?id=5851028 https://ilearn.mq.edu.au/mod/forum/discuss.php?d=1546063 https://ilearn.mq.edu.au/mod/forum/discuss.php?d=1541245 https://ilearn.mq.edu.au/mod/forum/discuss.php?d=1541245 https://ilearn.mq.edu.au/user/view.php?id=2843&course=43557 https://ilearn.mq.edu.au/user/view.php?id=2843&course=43557 8/8/20, 12(32 pmECON3098_SHFYR_2020_INT_U: Guide to the Introductory Test released Page 2 of 2https://ilearn.mq.edu.au/mod/forum/discuss.php?d=1546063 © Copyright Macquarie University | Confidentiality & Privacy Statement You are logged in as Amanuel Assefa (Log out) General iLearn or IT question? help.mq iLearn info Library Handbook Unit Guides Learning and Teaching Policies Security Confidentiality & Privacy Statement Students iLearn Quick Guides for students General question? ask.mq IT Information (printing, iLab, technologies) Student life - help and advice Email eStudent Student Policy Gateway Staff iLearn Quick Guides for staff L&T Workshops and services iTeach (iLearn & unit guides setup) Echo360 Lecture Recordings Info TEDS (evaluation surveys) https://ishare.mq.edu.au/prod/file/dbc1a9c8-7bcd-4a60-a4a1-f46ab50af7b2/1/iLearn%20Confidentiality%20and%20Privacy%20Collection%20Statement.pdf https://ilearn.mq.edu.au/user/profile.php?id=227879 https://ilearn.mq.edu.au/login/logout.php?sesskey=ioRIXLqC7U http://help.mq.edu.au/ http://help.ilearn.mq.edu.au/ http://www.mq.edu.au/on_campus/library/ http://handbook.mq.edu.au/ http://unitguides.mq.edu.au/ https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central http://www.mq.edu.au/security https://ishare.mq.edu.au/prod/file/dbc1a9c8-7bcd-4a60-a4a1-f46ab50af7b2/1/iLearn%20Confidentiality%20and%20Privacy%20Collection%20Statement.pdf https://students.mq.edu.au/support/study/tools-and-resources/ilearn/ilearn-quick-guides-for-students http://ask.mq.edu.au/ http://students.mq.edu.au/it_services/ http://students.mq.edu.au/support/ https://mail.google.com/ https://student1.mq.edu.au/ https://students.mq.edu.au/support/study/student-policy-gateway https://staff.mq.edu.au/teach/learning-technologies-and-spaces/teaching-technologies-and-tools/ilearn/ilearn-quick-guides-for-staff https://staff.mq.edu.au/teach/learning-technologies-and-spaces/teaching-technologies-and-tools/ilearn/ilearn-training-and-workshops https://iteach.mq.edu.au/ https://staff.mq.edu.au/teach/learning-technologies-and-spaces/teaching-technologies-and-tools/ilearn/lecture-recordings https://staff.mq.edu.au/teach/design-for-learning/teaching-evaluation Untitled Alex Blair Macquarie University 2020 DEPARTMENT OF ECONOMICS Macquarie Business School Guide to the Introductory Test ECON3098 The Asian Economies As you know, there will be an Introductory Test in Week Four. You will be rewarded with some marks, but remember that this is not really our purpose. Rather the purpose is to give you experience in attempting the sort of questions you will encounter in your Mid-Session and Final Exams; and also, to take a snapshot of your skill set, so that we can address any issues early in the Session. Firstly, there will be a maths question, based on the IS-LM model. You will calculate the level of GDP and the interest rate; we showed you how to do this in the first Module. We will then change a variable – maybe the money supply, or exports, or something similar – and you will then recalculate GDP and the interest rate. You will then use these numbers for the old and new GDP and interest rates to draw a diagram, showing the IS and the LM curves. This will test your maths skills; and given the level of mathematics we will do in the Unit, any problems in your skill set can be easily fixed. We will also make sure that you are comfortable drawing diagrams of the level of detail will need for the unit. Also the numbers you calculate will illustrate a piece of theory, such as the effectiveness of monetary policy, or the contrast between the Keynesian and Neo-Classical points of view. So the exercise will be a test also of your knowledge of economic theory. Then there will be short essay question – in other words, you will answer in a few paragraphs of prose. This will cover one of the ideas or points of view presented in the first Module. This will test your writing skills and comprehension, your familiarity with the lectures, and so on, again all useful in helping you with any issues that might affect your performance in the Unit. This Introductory Test will contribute 10 marks to your final grade for the Unit. This is enough marks to help you, for example it might be enough to shift you to a higher grade, but it is not really enough to hurt you – if you don’t do well in this Test, this can be compensated for by an even slightly better performance in the other assessments, the Mid-Session Test for example. And this Introductory Test will help you prepare for that much more important Mid-Session Test and for the Final Exam. Any questions? Post them in the Questions forum.
Answered Same DayAug 08, 2021ECON3098Macquaire University

Answer To: ECON3098_SHFYR_2020_INT_U: Guide to the Introductory Test released 8/8/20, 12(32...

Komalavalli answered on Aug 21 2021
138 Votes
Q1)
Given C = 124 + 0.8Y I = 38 + 0.1Y – 1,000.i To = 80
Go = 41 Xo = 31 t = 0.2 M = 30 + 0.24Y
In the Money Market: Money
Supply = 1299 = 5Y – 100.i.
Calculation based on government expenditure G0 =41
Exogenous spending
A0 = C0+I0+G0+X0-M0-mpc.T0
A0 = 124+38+41+31-30-0.8*80
A0 = 234-30-64
A0 = 140
Multiplier
k = 1/(1-c+c*t+m-a)
k = 1/ (1-0.8+0.8*0.2+0.24-0.1)
k = 1/(0.2+0.16+0.24-0.1)
k = 1/0.5
k =2
Is equation
Y = 2(140)-2(1000i)
Y = 280 – 2000i
In the Money Market: Money Supply = 1299 = 5Y – 100.i.
5y – 1000i = 1299
1000i = 5y – 1299
i = 5y/1000 -1299/1000
Substituting equation i in is equation
Y = 280 – 2000*[5y/1000 -1299/1000]
Y = 280 – 2000*(5y/1000) +2000*(1299/1000)
Y = 280 – 2*5y + 2*1299
Y = 280-10y +2598
11y = 2878
Y = 2878/11
Y = 262 app
Substituting y = 262 in equation i we get
i = 5(262)/1000 -1299/1000
i =[1310-1299]/1000
i = 11/1000
i = 0.011
i = 1.1 %
Calculation based on government expenditure G0 =91.5
Exogenous spending
A0 = C0+I0+G0+X0-M0-mpc.T0
A0 = 124+38+91.5+31-30-0.8*80
A0 = 284.5-30-64
A0 = 190.5
Multiplier
k = 1/(1-c+c*t+m-a)
k = 1/ (1-0.8+0.8*0.2+0.24-0.1)
k = 1/(0.2+0.16+0.24-0.1)
k = 1/0.5
k =2
Is equation
Y = 2(190.5)-2(1000i)
Y = 381 – 2000i
In the Money Market: Money...
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