E303lect5F09

E303lect5F09 - August 31, 2009 Lecture 5 Reading Baye, Ch....

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August 31, 2009 Reading Baye, Ch. 1 pp 18-27 (today) Lecture 5 Problems: Problem Set 2 –due Wednesday . Note: In problem set #2, problem 2, I want you to calculate derivatives for the marginal graph. REVIEW___________________________________________________: I. Chapter 1. The Fundamentals of Managerial Economics B. Components of Effective Decision Making 4. Recognize the Time Value of Money. (Review a little in class) c. The present value of a firm/ Discounting over an infinite horizon. - accounting for indefinite life - adjusting for the timing of the first payment 5 . Appreciate Marginal Analysis. a. Discrete Decisions- Allocating time for a test Preview__________________________________________________________ 5 . Appreciate Marginal Analysis (continued) a. Discrete Decisions Allocating time for a test (continued) - Comparing TR to TC LECTURE______________________________________________ a. Discrete Decisions . 1. Last time ended with an introduction to marginal analysis.
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E303lect5F09 - August 31, 2009 Lecture 5 Reading Baye, Ch....

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