Questions from Managerial Economics

Q: What is a patent? Why do governments grant them?

What is a patent? Why do governments grant them?

Q: What role does the legal system play in promoting property rights?

What role does the legal system play in promoting property rights?

Q: Why is sustained per-capita growth possible in the Romer model

Why is sustained per-capita growth possible in the Romer model but not in the Solow model?

Q: What are business cycles?

What are business cycles?

Q: How do menu costs contribute to sticky prices?

How do menu costs contribute to sticky prices?

Q: Distinguish between pro cyclical and countercyclical economic variables.

Distinguish between pro cyclical and countercyclical economic variables.

Q: Distinguish among leading, lagging, and coincident economic variables.

Distinguish among leading, lagging, and coincident economic variables.

Q: What were the “Great Inflation” and the “Great Moderation

What were the “Great Inflation” and the “Great Moderation”?

Q: What is the difference between the short run and the long run

What is the difference between the short run and the long run in macroeconomic analysis? Why do macroeconomists differentiate between the two time horizons?

Q: How do Keynesian views on macroeconomic fluctuations differ from those of classical

How do Keynesian views on macroeconomic fluctuations differ from those of classical macroeconomists?