110年 - 110 國立高雄科技大學_碩士班招生考試_金融系：經濟學#104339

科目：研究所、轉學考(插大)-經濟學 | 年份：110年 | 選擇題數：0 | 申論題數：18

試卷資訊

所屬科目：研究所、轉學考(插大)-經濟學

選擇題 (0)

申論題 (18)

a. If you are risk-neutral (that is, neither seck out nor shy away from risk), which of the four options should you choose to maximize your expected return? (Hint: To calculate the expected return of an outcome, multiply the probability that an event will occur by the outcome of that event and then add them up.) (8 分)

b. Assume that Option 3 and Option 4 are your only choices. If you could pay your friend $50 to find out extra information about Ayesha that would indicate with certainty whether she will leave town without paying, would you pay the $50? What does this say about the value of better information regarding risk? (6 分)

2. (10 分) If yield curves look like the one shown in the figure (a) and (b)below, what is the marke predicting about the movement of future short-term interest rates? What might the yield curve indicate about the market's predictions for the inflation rate in the future?

3. (12 分) Using both the liquidity preference framework and the supply and demand for bonds framework, show why interest rates are procyclical (rising when the econony is expanding and falling during recessions).

a. Financial frictions increase.(4分)

b. Households and firms become more optimistic about the economy. (4 分)

c.Favorable weather produces a record crop of wheat and corn in the Midwest. (4 分)

d. Auto workers go on strike for four months.(4分)

(a)but does not sterilize the intervention, (9 分)

(b) but conducts an offsetting open market operation to sterilize the intervention(11 分), what will be the impact on international reserves, the money supply, and the exchange rate?(Hints: use graphs and T-account to build up your answers)

(a) Identify the market structure for shoes market and its characteristics. (4 分)

(b) Assume that Sleek is currently earning short-run economic profit. On a correctly labeled diagram, show Sleek's profit-maximizing output and price, as well as the area representing profits.(3 分)

(c) What happens to Sleek's price, output, and profit in the long run? Explain this change in words, and show it on a new diagram. (3 分)

(d) Suppose that over time consumers become more focused on stylistic differences among shoe brands. How would this change in attitudes affect each firm's price elasticity of demand? In the long run, how will this change in demand affect Sleek's price, output, and profit? (2 分)

(a) Explain the prisoner dilemma(3分)

(b) Definition of collusion and cartel (3分)

(c) Define dominant strategy. Who has a dominant strategy? Explain. (6 分)

(d) Define Nash equilibrium. Is there a Nash equilibrium for this scenario? Explain. (4分)