Practical economic analysis

Test work in the discipline "Economic theory" (code - ETT 00)
Question 1. Methodology and methods of economic theory.

Question 2. Formation and development of economic theory.

Question 3. Write the formula for the production function (guidelines - the choice of technologies is based on the minimum total costs "L + K")
Q = F (L, K, N),
Question 4. The firm chooses one of the production technologies, each of which is distinguished by a combination of the resources used, labor (L) and capital (K). Data on applicable Technologies are given in table. 3.1.
Table 3.1
Production volume T E X N O L O G I
A B C
L K L K L K
1 9 2 6 4 4 6
2 18 3 10 8 8 10
3 29 4 14 12 12 14
4 41 5 18 16 16 19
5 59 6 24 22 20 25
6 85 7 33 29 24 32
7 120 8 45 38 28 40
All indicators are measured in units per week. Suppose the price of a unit of labor is $ 200, the price of a unit of capital is $ 400.
A) Establish which production technology the firm will choose at each level of output.
B) Determine the total cost at each level of output.
C) Suppose that the price per unit of labor has increased to $ 300, and the price of capital remains the same. Will this change in price affect the firm's choice of technology?
Question 5. List the main scientific directions and schools of macroeconomic theory.

Question 6. Write a formula that reflects the general economic equilibrium model L. Walras.
Question 7. Figure 5.1 shows six aggregate demand curves and an aggregate supply curve.
A) Determine the dynamics of aggregate demand when its curve shifts from position AD1 to position AD2; from position AD3 to position AD4; from position AD5 to position AD6.
B) How will the movement of the AD1 curve to the AD2 position affect the dynamics of real GNP and the price level?
C) How will the movement of the AD3 curve to the AD4 position affect the dynamics of real GNP and the price level?
D) How will the movement of the AD5 curve to the AD6 position affect the dynamics of real GNP and the price level?

Figure 5.1 Aggregate demand and aggregate supply curve

Question 8. What is the contribution of N.D. Kondratyev's theory of long waves (cyclical economic development)?
Question 9. Types of securities used in Russia, a brief description of them. Which ones are not being used properly and why?
Question 10. What are the features of our credit mechanism in comparison with the credit mechanisms of civilized countries?
Question 11. Based on the “basket of goods” of the average European family, calculate the consumer basket of your family (data are given as a percentage):

Transport, car, post office 14.4
Rent 17.8
Insurance, personal items 10.9
Food, drinks, tobacco products 23.0
Leisure 8.4
Education, entertainment 3.6
Gas, electricity, heating 3,6
Furniture, household goods 7.2
Clothes, footwear 7.0
Personal hygiene items, health 4.1

Question 12. Analyze the forms and methods of achieving the goals of social policy. Give examples from the practice of Russian reforms on its implementation.
Question 13. How do you understand the essence of the process of integrating the national economy into the world economy? What economic problems need to be solved in order to involve the Russian national economy in the world integration processes? Fill in the blank cells in the table. 10.1, indicating the factors hindering integration and contributing to the solution of the problem.
Table 10.1
Forms of international economic relations (MEO). Factors facilitating Russia's participation in this form (MEO) Factors preventing Russia's participation in this form of MEO
International trade For example:
Low cost of certain types of products;
Low exchange rate of the ruble
Capital export and
international credit For example:
Unfavorable investment climate;
Large volume of external debt
Scientific - technical and industrial cooperation