Problem sets
Problem sets are for you to better master the course material. You are required to submit them on time, however they will not be graded. Use the answer key provided (in a hard copy, not posted here) to check your answers. If you do not turn it the problem sets, it might negatively affect your course grade, but only marginally.Always think about the intuition when you get to the solution. Does your result make sense? It is a good habit to develop.
Problem set 1 Due 1/24 3pm in my mailbox in 28 HH Here are the answers
Problem set 2 Due 1/31 3pm in my mailbox in 28 HH Which economies are small open?
Answers to the questions from the book are here