Chapter 11
Consumption spending is influenced by
o Wealth the more wealth one possesses regardless of disposable income means
you are likely to spend more
o Interest rate a rise in the interest rate results in a decrease in consumption
spending
o expecta
BRANDEIS UNIVERSITY
Department of Economics
Economics 10a
Intro to Microeconomics
Mr. Coiner
Fall, 2013
Answers to Old Final Exam
I.
Multiple Choice
1. B
2. B
4. B 5. B
6. C
7. D8. C
9. B
10. B
14. C
15. C 16. D
II.
3. B
11. D
17. B
12. A
18. B
13. D
19.
BRANDEIS UNIVERSITY
Department of Economics
Economics 10a
Introduction to Microeconomics
Answers to Practice Game Theory Questions
Mr. Coiner
Fall, 2012
Matrix A
Player 1 does not have a dominant strategy. Player 2 has a dominant strategy, which is
strate
BRANDEISLINIVERSITY
Department
of Economics
Economics10a
Introductionto Microeconomics
Fall,2012
Mr. Coiner
PracticeGameTheory Questions
Three payoff matricesare shown below. For eachof these"games", answerthe
following: Does Player t have a dominant stra
r,
a i :3.
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Economics 10a Fall, 2016
Lecture Notes from the Class of Thtu'sday, Oct. 27"
Monopolistic Competition
What is it?
The Firm in the short-run
The Firm in the long-run
Comparison of Monopolistic Competition & Perfect Competition in the long-um
Two difference
BRANDEIS UNIVERSITY
Department of Economics
Economics 761) Mr. Coiner
Labor Economics ' Fall, 2002
Lecture Notes on Compounding and Present Value
The notion of present value allows us to compare $ costs and 3 benefits that occur at
different times in the
Economics 103 Mr. Coiner
Introduction to Microeconomics Spring, 2016
Notes on the Slope of the Budget Line
Suppose the person has an income of $100 per week, the price of x is $10 and the price of y is $1.
If the person spends all her income on y, she cou
Economics 2a/ 10a Mr. Coiner
Lecture Notes on Long-run Industry Supply (Perfect Competition)
' assume that each rm has exactly the same U-shaped LRAC curve
_ 4-. ,
What Longrun Equilibrium Looks Like Pr u
The LRAC curve for each rm is shown on the right.
BRANDEIS UNIVERSITY
Department of Economics
Economics 10a
Fall, 2013
Problem Set 9
1. Imagine that someone offered you a choice: You could spend four years studying at the worlds
best university, but you would have to keep your attendance there a secret.
Focus Points
Compute the probability of standardized
events.
Find a z score from a given normal probability
(inverse normal).
Use the inverse normal to solve guarantee
problems.
3
Normal Distribution Areas
4
Normal Distribution Areas
In many applied situa
Focus Points
Given and , convert raw data to z scores.
Given and , convert z scores to raw data.
Graph the standard normal distribution, and find
areas under the standard normal curve.
3
z Scores and Raw Scores
4
z Scores and Raw Scores
Normal distributio
Graphs of Normal Probability Distributions
One of the most important examples of a continuous
probability distribution is the normal distribution.
This distribution was studied by the French mathematician
Abraham de Moivre (16671754) and later by the Germ
Introduction
For instance, if we want to do a study about the people who
have climbed Mt. Everest, then the individuals in the study
are all people who have actually made it to the summit.
1
Introduction
One variable might be the height of such individual
How to describe the distribution:
- Frequency/Relative frequency of data/Percentile
- Measures of central tendency
(Where is the middle of the data?)
- Measures of dispersion
(How dispersed is data?)
Frequency Tables
2
Definition: For each possible value
Measures of Variation
An average is an attempt to summarize a set of data using
just one number. As some of our examples have shown, an
average taken by itself may not always be very meaningful.
We need a statistical cross-reference that measures the
spre
Focus Points
Review such commonly used terms as random
sample, relative frequency, parameter, statistic,
and sampling distribution.
From raw data, construct a relative frequency
distribution for values and compare the result
to a theoretical sampling dist
Focus Points
Compute mean, median, and mode from raw
data.
Interpret what mean, median, and mode tell you.
Explain how mean, median, and mode can be
affected by extreme data values.
What is a trimmed mean? How do you compute
it?
Compute a weighted average
Percentiles and Box-and-Whisker Plots
Weve seen measures of central tendency and spread for a
set of data. The arithmetic mean x and the standard
deviation s will be very useful in later work.
However, because they each utilize every data value, they
can
Binomial Experiment
4
Focus Points
List the defining features of a binomial
experiment.
Compute binomial probabilities using the
formula P (r) = Cn,r prqn r
Use the binomial table to find P (r).
Use the binomial probability distribution to solve
real-worl
Graphing a Binomial Distribution
4
Focus Points
Make histograms for binomial distributions.
Compute and for a binomial distribution.
Compute the minimum number of trials n
needed to achieve a given probability of success
P (r).
3
Graphing a Binomial Distr
Antidumping: The Third
Rail of Trade Policy
N. Gregory Mankiw and Phillip L. Swagel
not fair
It did not take long for the newest class of U.S. senators to pledge
its allegiance to one of the few trade policies that politicians of both
parties overwhelming
Chapter 5
What Macroeconomics tries to explain
Economists-and society at large-agree on three important macroeconomic goals:
1.)economic growth
2.) full employment
3.) and stable prices
economic growth- the increase in our own production of goods and serv
Bernardo Ponte
Macro Notes
12/10/15
Chapter 14:
Demand for money is how much money people would like to hold, given the constraints that
they face
Wealth constraint is at any point in time, total wealth is fixed
A households quantity of money demanded
Prof. Joe Reimer
January 2014
Education 163b - Creativity and Caring: Educating for Mindful Engagement
Introduction
Creativity and caring are two significant human capacities that are not often thought of as
related. Creativity is often associated with a
Nationalism in the New World
IGS 10a
Chandler Rosenberger
Sebastabol, CA the world
encircled
United Nations
Opening ceremonies, London Olympics, 2012
Nationalism still a force today
http:/www.youtube.com/watch?v=reDdmPhkn
Henry VIII: First Nationalist
Mon
Universalisms and Imperialism
Chandler Rosenberger
IGS 10a
Universalism of Medieval
Christendom
Queen Isabella and King Ferdinand
Los Reyes Catolicos
Battle of Lepanto, 1571
Islamic Universalism of Ottoman
Empire
Globalizations of Christendom and
Islam we