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Introduction to Economics II (Economics)

By Joanne Sanders,2014-04-30 05:04
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Introduction to Economics II (Economics)Intr

Introduction to Economics II (Economics)

    Make-up Exam

    30 minutes, choose 4 questions (10 points). Questions with a (*) have bonus points. Use this sheet.

    1. Define the followings: a) depreciation of a currency, b) open ekonomi, c) financial flow, d) trade surplus.

    2. Explain what is nominal and reel exchange rates.

    3. (*) Explain what is ppp. What are the limitation on ppp?

    4. (*) What is the explanation of S= I+ NFI?

    5. Explain the effect of capital flight from a country.

    Good luck….

    Answers.

     INTRODUCTION to ECONOMICS I I

     30 minutes. Choose 4 questions. Questions with an (*) have bonus points. Use only this sheet. Do not forget top rint your name.

    1. (*) Explain why we do calculate national income? What is its importance? What dos not it show?

    2. . What is economic growth? Why is it so important? Explain shortly.

    3. Define the importance of “expectations

    4. (*) Why I=S is so important in economics? Explain.

    5. Define the followings: GDP, value added, personal income, indirect tax, productivity.

Good luck!!!

Answers:

     Introduction to Economics II (Economics) 40 minutes, 12.5 points. Choose four questions. Questions with a (*) have bonusses. Use only this paper.

    1. Draw graph and explain the effect of increse in money supply on aggregate demand in the

    short-run.

    2. Explain by graph crowding-out effect.

    3. How is (are) the way(s) the long-run aggregate supply curve shift? Explain. 4. (*) Suppose that real interest rates increase across Europe. Explain how this will effect

    Turkish net foreign investment? What will happen to Turkish export?

    5. (*) How would an increase in foreigners’s income affect the Turkish net exports curve?

    What happens the value of Turkish lira in the market for foreign currency exchange?

    Özdemir Asaf’tan

    Gülüş bir yanaşımdır bir öbür kişiye;

    Birden iki kişiyi döndürür bir kişiye..

    Anılarından kale yapıp sığınsa bile,

    Yetmez, yalnız başına bir ömür bir kişiye.

     Introduction to Economics II

    40 minutes, 12.5 points. Choose four questions. Questions with a (*) have bonusses. Use only this paper.

    1. Explain by graph the effect of government budget deficits on loanable funds market. 2. (*) Suppose Arçelik is considering building a new washing machine factory. Assuming

    that Arçelik needs to borrow money in the bond market. Why would an increase in

    interest rates affect Arçelik’s decision about whether to build the factory?

    3. Suppose that society has decided to reduce consumption and increase in investment. How

    would this change affect economic growth?

    4. (*) International data show a positive correlation between political stability and economic

    growth. Explain why.

    5. (*)Suppose that an auto company owned entirely by Germans opens a a new factory in

    Turkey. What would be the effect of this investment on Turkish GDP? Would the effect

    on Turkish GNP be larger or smaller?

     INTRODUCTION to ECONOMICS I I

    30 minutes, Choose 4 questions. Questions with an (*) have bonus points. Use only this sheet. Do not forget top rint your name.

    1. (*) Explain why we do calculate national income? What is its importance? What dos not it show?

    2. . What is economic growth? Why is it so important? Explain shortly. 3. Define the importance of “expectations

    4. (*) Why I=S is so important in economics? Explain.

    5. Define the followings: GDP, value added, personal income, indirect tax, productivity.

Good luck!!!

Answers:

Introduction to Economics II (Economics)

     30 minutes, choose 3 questions. Total 12.5 points. Use only this sheet.

    2. If a central bank wants to increase Money supply with open market operations,

     what does it do? Explain.

    3. Explain the meaning and functions of Money.

    4. Explain the effect of an increase in tax credit on loanable funds market.

    4. What are theetools that a central bank control the money supply. Explain.

    Good lucks…

    Answers

    Introduction to Economics II

    45 minutes)

    Choose 5 questions.

    1. Explain the importance and advantages of specialization in the use of human resources?. 2. Why prices increase if government prints “too much” money? Explain.

    3. Define the importance of “expectations” on factors determining demand.

    4. If a central bank wants to decrease money supply with open market operations,

     what does it do? Explain.

    5. Explain the effect of an increase in tax credit on loanable funds market 6. Why I=S is so important in economics? Explain

Answers

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