US Laws Affecting Mortgage Markets
U.S. government oversight of mortgage lending is
Four main groups of laws affect mortgages:
(i) laws governing lending practices
(ii) laws guaranteeing access to credit
(iii) tax laws
(iv) foreclosure and ban
Exercises and solutions due March 10.
1. The classic transportation problem.
You as an employee of the Department of Homeland Security (DHS) are in charge of
maintaining the readiness of emergency supplies at various distribution sites within a
Exercises due March 3
Construct and solve models for the following problems: For the two-variable linear optimization
problems solve them graphically as well. You can solve the models using Solver in Excel, or LINGO.
My suggestion is to learn how to use L
PADM 5320 Exercise due Feb 18
Dynamic Programming Problems
1. Assume a resource can be allocated to three users. The allocation, xj, to each use j provides
the following returns: R(x1) = (12x1 x12), R(x2) = (8x2 x22) and R(x3) = (18x3 3x32). Assume
1. Identify a specific system and its components and show the links among the
interdependent components. This is called a conceptual model.
Example: The System = A university.
Its Components = Students; Teachers; Support Staff; Dorms; Classrooms, Offices,
Exercises due March 24
1. Personnel Allocation problem:
Projects A, B, and C require 18, 12 and 30 person months to complete.
Hence consider 6-month periods.
Persons 1,2,3, and 4 are available to work on these projects.
Their monthly salaries are $3000, 3
PADM 5320: Course plan Spring 2016
Week: Feb 2.
Chapter 1 Math notation
Chapter 2 Systems modeling
Chapter 3 Mathematical Modeling
Chapter 4 Time value of money
Week Feb 9.
Chapter 5 Example systems models and solutions
Week Feb 18.
Chapter 6 Dynamic Prog
Selected Financial Intermediaries
Depository Institutions (banks)
Banks obtain funds from depositors
Pay a fixed (usually) rate of interest on deposits
Banks provide depositors payment and liquidity
Payment: customers can write checks on their de
Intermediation involves the "matching"
of lenders with savings to borrowers who
need money by an agent or third party
An intermediary is an institutional
Such institutions include
Contagion and Systemic Risk
Systemic risk*is the risk that a negative shock
affecting one or more firms will seriously impair
other firms or markets and harm the economy
It refers to risks created by interlinkagesand
interdependenciesin a system or market
Central banks are authorities in charge of monetary
policy (management of the money supply)
Credit and liquidity
Macroeconomic growth and stabilization
Central banks issue the national currency
Recognized medium o
PAM 3440/PAM 5440
Professor Sharon Tennyson
Professor, PAM; Director, CIPA
292 Caldwell Hall
Research interests: government regulation of consumer
Exercises due April 7
1. States of health
a. Given the conditional probabilities of being in various states of heath below, find the
probabilities of being in these various states of health over the next 15 time periods.
Assume you are well in period 1.