IBE316-11 - IBE 316 Economic Policy Stiglitz: Economics of...

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IBE 316 Economic Policy Stiglitz: Economics of the Public Sector Keisuke OTSU Sophia University FLA Spring 2008 OTSU (Sophia University FLA) IBE 316 Spring 2008 1 / 15
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Overview Focus Questions analysis? analysis? OTSU (Sophia University FLA) IBE 316 Spring 2008 2 ± 15
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procedures 1 Identify the set of possible projects to be considered 2 Identify the full consequences of each alternative 3 Assign a value to each input and output 4 project OTSU (Sophia University FLA) IBE 316 Spring 2008 3 / 15
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Present Discounted Value Present discount value of net reciepts: the value of net reciepts from a project over N periods in terms of today±s dollars PDV = R 0 + R 1 1 + r + R 2 ( 1 + r ) 2 + + R N ( 1 + r ) N why do we discount the future?: 1 dollar today is worth 1
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This note was uploaded on 10/22/2011 for the course ECON 316 taught by Professor Keisukeotsu during the Spring '08 term at Sophia University.

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IBE316-11 - IBE 316 Economic Policy Stiglitz: Economics of...

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