PS Amy
PROBLEM SET AMY
ECON 315: Labor Economics Spring 2015
Joseph Roskowski jmr6003 FAQs
Do I have to type the homework?
Yes! Homework must be typed. You will receive a zero for turning in hand written homework. You may draw graphs provided that they are neat and include all labels and arrows. Equations must be typed or you will lose 50% credit for that problem.
Does it need to be stapled?
You must staple your homework together. Unbound homework will lose 10% credit.
Can I email it to you?
NO! Homework is collected before class. Do not slide it under my door. No late homework is accepted. NO EMAIL SUBMISSIONS. Please don’t forget to bring an extra copy to class with you so that you can participate during homework day.
Can I work with a friend?
You may work in groups to discuss answers, but you must write up you own unique responses. If two items are too closely related, it will be submitted to the Academic Integrity Office.
1. Unemployment. If I was discussing “The Macroeconomics of Penn State,” I could define “unemployment” as the inability of a student to register for a class that he or she wishes to take. In this context, one can find examples of frictional unemployment, structural unemployment, and cyclical unemployment.
(a) In the California State University system, recession-induced budget cuts have reduced the number of classes campus-wide, so that it is difficult for students to register for a full schedule. Which type of unemployment does this describe? -Cyclical Unemployment (b) Looking at the PSU class schedule, many classes in Economics and Management are full, while most classes in Library Science and Agriculture have open spots. Which type of unemployment does this describe?
-Frictional Unemployment
(c) Around the beginning of each semester, students sometimes register for one section of a class, then move to another section when an opening becomes available. This, in turn, creates an opening in the original section that soon gets filled
ECON 315: Labor Economics Spring 2015
Joseph Roskowski jmr6003 FAQs
Do I have to type the homework?
Yes! Homework must be typed. You will receive a zero for turning in hand written homework. You may draw graphs provided that they are neat and include all labels and arrows. Equations must be typed or you will lose 50% credit for that problem.
Does it need to be stapled?
You must staple your homework together. Unbound homework will lose 10% credit.
Can I email it to you?
NO! Homework is collected before class. Do not slide it under my door. No late homework is accepted. NO EMAIL SUBMISSIONS. Please don’t forget to bring an extra copy to class with you so that you can participate during homework day.
Can I work with a friend?
You may work in groups to discuss answers, but you must write up you own unique responses. If two items are too closely related, it will be submitted to the Academic Integrity Office.
1. Unemployment. If I was discussing “The Macroeconomics of Penn State,” I could define “unemployment” as the inability of a student to register for a class that he or she wishes to take. In this context, one can find examples of frictional unemployment, structural unemployment, and cyclical unemployment.
(a) In the California State University system, recession-induced budget cuts have reduced the number of classes campus-wide, so that it is difficult for students to register for a full schedule. Which type of unemployment does this describe? -Cyclical Unemployment (b) Looking at the PSU class schedule, many classes in Economics and Management are full, while most classes in Library Science and Agriculture have open spots. Which type of unemployment does this describe?
-Frictional Unemployment
(c) Around the beginning of each semester, students sometimes register for one section of a class, then move to another section when an opening becomes available. This, in turn, creates an opening in the original section that soon gets filled