Question 5 (4 marks)

In this question, we want to build a model to study the number of students leaving NSU for other universities. a) Discuss how we can build a model in this case. b) Discuss the application and importance of ceteris paribus using your model. c) Discuss the concept of movement along curves and shift of curves using your model. Question 6 (3 marks)

a) In Country Z the CPI in 2020 was 180 and in 2021 it was 200. The average nominal wage of Country Z in 2020 was $5,000 and in 2021 it was $5,500. What are all the information we can obtain from the given data? b) The current unemployment rate of Country Z is 8%. What can we conclude from the given unemployment rate figure?