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Wilfrid Laurier University School of Business & Economics
October 25, 2014

Canadian Excellence

EC290 Winter 2011



Welcome to the website for EC290Winter 2011!


Announcements

January 28, 2011

I have posted the first required assignment on this course website today. It is due back in class on February 8. Please read the questions and instructions/notes carefully. I haveprovided as much information as possible in the assignment to make it very clear what I expect in your answers.If you still have any clarification question about the assignment even after reading the questions and instructions/notes carefully, please feel free to stop by during my office hours.

February 4, 2011

Here are two important announcements about Assignment 1:

1. In Question 1 (b), the term 'log' refers to natural logarithm. During a lecture, I discussed about a useful data transformation where we take the natural logarithm of the time series. You will also find this discussion in Chapter 1 of the 3rd edition of the textbook (pages 4 -5).

2. For Question 4 (c) and (d),you will need to use some statistical tools/ formula which I discussed in class. If you missed that class, you can get the relevant formula by downloading a document from this course website titled, " EC290 Winter 2011 Lecture Notes - Ch 3 / Statistical Tools for Calculating Business Cycle Facts".

February 13, 2011

Midterm exam will be held in class onFeb 17. Exam will cover Ch 1 to Ch4, inclusive, of the textbook (3rd edition). Exam will be1 hour and 15 minutes long. I will announce the exam format in class on next tuesday.

February 16, 2011

As I mentioned in yesterday's class, your midterm exam willhave the following two parts:

Part A: 40 Multiple Choice Questions40 *1 = 40 marks

Part B:2 multi-part problem solving/ analyticalquestions 30 marks

To prepare for the exam, I strongly recommend you to work outall three assignments (both required and optional ones)which are posted on the website. You shouldstudy the textbook and go throughthe lecture slides and your class lecturenotes carefully. In particular, you should make sure that you understand all of the models with a graphical explanation.

March17, 2011

I have posted the2nd required assignment (Assignment 4)on this course website today. It is due back in class onMarch 24. Please read the questions and instructions/hints/notes carefully. I haveprovided as much information as possible in the assignment to make it very clear what I expect in your answers.If you still have any clarification question about the assignment even after reading the questions and instructions/hints/notes carefully, please feel free to stop by during my office hours.

March 21, 2011

More Hints on Assignment 4:

Question 1is based on the materials from Chapter 5 and Question 2 is based on the materials from Chapter 8. So, you must study these two chapters carefully tofindouthow toanswer these two questions.

In the economy described in Question 1, the exogenous variables are G, z and h. In the consumer problem described in Question 2, the exogenous variables are y, y', t, t' and r.

April 5, 2011

I will take exam review class today for both Section A and Section B in our regular classroom (STM 125)during the scheduled class time. Section Areview classis from 1:00 - 2:20 pm and Section B is from 2:30 - 4:00 pm.

April7, 2011

Finalexam will be held in Athletic Complex from 2:00 pmto 5:00 pm onApril 25.

Exam will cover Ch 1, 2, 3, 4, 5, and 8of Williamson(3rd Canadian edition). In addition, exam will also cover Chapter 9, 10, and 11 of Mankiw or Mankiw and Scarth (Canadian edition). Please note thatfour copies of Mankiw's textbookare available under 3-hour reserve at WLU main library.All of the above mentionedchapters will be more or less equally covered in the exam.

However, please note that the following materials will NOT be covered in the exam:

1. Pages 265 - 269 , inclusive, of Williamson(3rd Canadian edition).

2. Page 270 of Williamson(3rd Canadian edition). However, Figure 8.19 on page 270 is included.

3. Pages 276 - 280 , inclusive, of Williamson(3rd Canadian edition).But I highly recommend you study these pages for your knowledge. If you study these pages, you will be able to understand how we can usea macro model to explain the recent financial crisis.

4. Appendix to Chapter 11 of Mankiw or of Mankiw and Scarth (Canadian edition).

Final exam will be3 hours long. It will have the following two parts:

Part A:Forty Multiple Choice Questions40 *1 = 40 marks

Part B:Four out of four multi-part problem solving/ analyticalquestions 60 marks

To prepare for the exam, I strongly recommend you to work out all of the required and optional assignments which are posted on the website. You should go through the solutions to theassignments and midterm exam.You shouldstudy the textbook and go throughthe lecture slides and your class lecturenotes carefully. In particular, you should make sure that you understand all of the models with a graphical explanation.

April7, 2011

I am holding exam-week office hours as per the following schedule:

April 11 (Monday) 3:30 to 5:30 pm

April 13 (Wedsday) 3:30 to 5:30 pm

April 15 (Friday) 3:30 to 5:30 pm

April20 (Wedsday) 3:30 to 5:30 pm

April22 (Friday) 3:30 to 5:30 pm

Please feel free to stop by my office (P3028) if you have any question about the final exam materials or if you have any other concern. You can also pick up your marked midterm exams and assignmentsduring this time, if you have not already done so.

April24, 2011

I reduced the number of questions inPart BfromFOURto THREE. Youwill have to answerTHREEout ofTHREE questions inPartB. Total marks in Part B is 60.In Part B, the first question is worth 25 marks, the second question is worth 15 marks and the third question is worth 20 marks. In part A, you will have to answerforty multiple choice questions. Total marks in PartA is 40. You will still get 3 hours to finish your exam.

May 5, 2011

I have posted the marks of final exam with a detailed breakdownon this course website today. I have also posted the marks of Assignment 4. You can find your marks by looking for the last 4, 5, or 6digits of your student ID.

Please note that I raised final exam marks for all studentsto increase the course average of the final exam from50.5% to 60.5%. Last colum of the grade sheet shows your adjusted total final exam marks (out of 100) with this additional 10 marks. The course average of original course marks is 60.3%. The course average of the adjusted course marks is 65.7%.

Pleasego through the breakdown of your final exam marks. If youwant to review your final exam, you can set up an appointment with me to do so. After reviewing the final exam, youmayrequest for a remark if you strongly think that you deserve more marks. Please note that the following remarking policy will be applicable for the final exams.

Remarking Policy for final exams:

Your marks can increase, decrease, or remain unchanged because of remarking. After remarking, ifthe marks go up because of some minor marking errors, then your final exam mark will go up only by (10-the positive change in marks). I am applyingthis policy since I already added 10 marks to all students.

However, if the marks go up because of some grossmarking errors (counting errors, omissions in marking, etc.)then your final exam mark will go up by the full amount of the change in marks.Please note that if the marks go down after remarking, then your final exam mark will godown by full amount of the change in marks.

Related Information Title Type
2011 EC290 Winter 2011 Assignment 1 (Required) Document
2011 EC290 Winter 2011 Assignment 1 (Required) - Data Document
2011 EC290 Winter 2011 Assignment 1 (Required) - Solutions Document
2011 EC290 Winter 2011 Assignment 2 (Optional) with Solutions Document
2011 EC290 Winter 2011 Assignment 3 (Optional) with Solutions Document
2011 EC290 Winter 2011 Assignment 4 (Required) Document
2011 EC290 Winter 2011 Assignment 4 (Required) - Solutions for Question 1 Document
2011 EC290 Winter 2011 Assignment 4 (Required) - Solutions for Question 1 (Figures) Document
2011 EC290 Winter 2011 Assignment 4 (Required) - Solutions for Question 2 Document
2011 EC290 Winter 2011 Assignment 5 (Optional) with Solutions Document
2011 EC290 Winter 2011 Assignment 6 (Optional) with Solutions Document
2011 EC290 Winter 2011 Assignment 7 (Optional) Document
2011 EC290 Winter 2011 Assignment 7 (Optional) - Solutions Document
2011 EC290 Winter 2011 Course Outline Document
2011 EC290 Winter 2011 Lecture Notes - Ch 3 / Statistical Tools for Calculating Business Cycle Facts Document
2011 EC290 Winter 2011 Lecture Slides - Mankiw 7e Ch 10 Document
2011 EC290 Winter 2011 Lecture Slides - Mankiw 7e Ch 11 Document
2011 EC290 Winter 2011 Lecture Slides - Mankiw 7e Ch 9 Document
2011 EC290 Winter 2011 Lecture Slides - Williamson 3e Ch 1 Document
2011 EC290 Winter 2011 Lecture Slides - Williamson 3e Ch 2 Document
2011 EC290 Winter 2011 Lecture Slides - Williamson 3e Ch 3 Document
2011 EC290 Winter 2011 Lecture Slides - Williamson 3e Ch 4 Document
2011 EC290 Winter 2011 Lecture Slides - Williamson 3e Ch 5 Document
2011 EC290 Winter 2011 Lecture Slides - Williamson 3e Ch 8 Document
2011 EC290 Winter 2011 Lecture Slides - Williamson 3e Ch 8 (revised) Document
2011 EC290 Winter 2011 Marks - Assignment 1 and Midterm Exam Document
2011 EC290 Winter 2011 Marks - Assignment 4 and Final Exam Document
2011 Suggested Solutions to EC290 Midterm Exam Winter 2011 Document