ECON3003 Intermediate Macroeconomics S1 2024-25C/C++

Java Python ECON3003 Intermediate Macroeconomics

S1, 2024-25

This is an individual assignment. You are expected to complete it on your own without copying from other student(s) and without letting other student(s) copy from you. Please strictly observe UIC’s academic honesty policy. All parties involve with plagiarized work will receive zero mark. Generative AI not allowed.

Assignment 1 (due Wednesday 5pm, October 16)

1.    (Total 25 marks)  Consider a  simple economy which produces two final goods, soybeans and coffee beans. The table below shows the prices and productions of the two goods in 2020, 2021, and 2022.

	2020		2021		2022
	Price	Quantity	Price	Quantity