Ch. 3: Long-Run
Economic Growth
3.2 Growth over the Very Long Run
Sustained increases in standards of
living are a recent phenomenon.
The Great Divergence
$43,000
$2,800
Economic Growth
Population growth works the
same way
The constant growth rule:
Rule
This is based on real data from one of
This is based on real data from one of
the author's contacts. It is from 1995.
the author's contacts. It is from 1995.
Employee
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
3
A
1
2
3
4
5
6
7
8
D
E
F
G
H
I
J
K
7-Sun
1
Constraints on number of employees required each day
11 Wed
12 Thu
13 Fri
14 Sat
15 Sun
16
17 Objective to minimize
18 Total employees
19
22
23
C
Decision variables: number of employees starting their five-day shi
Test of a proportion: responding to customer complaint letters
Target proportion with new procedure
0.075
Category
Number of unsatisfied customers
Number of satisfied customers
Count
23
377
StatTools Report
Analysis: Sample Size Selection
Performed By: Al
Econ 301
Homework 3
due: May 3rd 2007 in class
1. There are two Philly Cheese Steak restaurants in South Philadelphia, Pat's and Sal's.
They produce premium grade sandwiches for wholesale distribution. There are three
choices for the wholesale price of a
Econ 301
Homework 1
due: Feb 22nd 2007 in class
1. You have been asked by the "boutique" investment banking firm of Dewey, Cheatam, &
Howe (DCH) to be their analyst of the peanut butter industry. Indicate your predictions as
to the direction of the change
EXAM FORMULA SHEET
This list is not an exhaustive list. For the rest you supposed to know the definitions,
formulas and how to use them.
Firm Valuation
1+ i
before current profits have been paid out as dividends;
ig
1+ g
Ex
PVFirm Dividend = 0
immediatel
Econ 301
Homework 2
due: April 12th 2007 in class
1. Start by researching the term globalization in regard to business economics. In your
research process, review a minimum of three resources (books, journal articles, news
reports, relevant videos) which
NAME:
ELON UNIVERSITY
Department of Economics
Econ 301 / Spring 2007
Monday, 04/30/2007
Hakan TASCI
FINAL EXAM
There are 10 problem solving questions in this exam. You have 100 minutes to answer all
questions. There are 100 possible points in this exam. T
Econ 301
Homework 3
due: May 3rd 2007 in class
1. There are two Philly Cheese Steak restaurants in South Philadelphia, Pat's and Sal's.
They produce premium grade sandwiches for wholesale distribution. There are three
choices for the wholesale price of a
Name:
OLD Exam I
ECO 301
There are a total of10 questions and each is worth I 0 points for a total of I 00.
1.
{\J
You are the manager of a construction company and are considering purchasing a
new dump truck for the rm that costs $150.000 today whic
Elon University
Econ 301-A: Business Economics
Spring 2007
Instructor: Hakan TASCI
Oce : KOBC 121
Phone: 919 2607452
Email : hakan@email.unc.edu
Identify the dierences between market structures
and determine what to do under specic market
conditions
Ho
Econ 301
Answer Key Homework 1
1. You have been asked by the "boutique" investment banking firm of Dewey, Cheatam, &
Howe (DCH) to be their analyst of the peanut butter industry. Indicate your predictions as
to the direction of the change in price and the
Econ 301
Homework 2 Answer Key
due: April 12th 2007
1. Start by researching the term globalization in regard to business economics. In your
research process, review a minimum of three resources (books, journal articles, news
reports, relevant videos) whic
ECON 70: Economic Statistics
Hakan TASCI
Lecture Notes 04: Continuous Probability Distributions
If we assign a positive probability to each value of a random variable, the sum of those
probabilities will not be one due to infinite number of value of conti
ECON 70: Economic Statistics
Lecture Notes 01: Introduction
Hakan TASCI
STATISTICS deals with the collection, presentation, analysis and interpretation of data
in order to make rational decisions.
Why do we need Statistics?
Answer:
* You will need it in y
ECON 70: Economic Statistics
Hakan TASCI
Lecture Notes 03: Discrete Probability Distributions
Reminder: The Probability distribution for a discrete random variable is a formula,
table, or graph that provides the probability associated with each values of
Econ70-001
Hakan TASCI
Stata Assignment Three
Due: July 25th, Tuesday in class
Use a log file to record your results, and print out all STATA output. Note that for most
problems you need to provide a short answer or explanation, I would suggest after
comp
Econ70-001
Hakan TASCI
Stata Assignment Two
Due: July 19th, Wednesday in class
Use a log file to record your results, and print out all STATA output. Note that for most
problems you need to provide a short answer or explanation, I would suggest after
comp
Econ 201
Homework 2
due: Apr 12th 2007 in class
1. Please turn in legibly written essay and the copy of the article that you picked together
with the references.
a. Find an article of your interest related to any topic that we covered in this course.
Ther
Econ 201
Homework 2
due: Apr 12th 2007 in class
1. Please turn in legibly written essay and the copy of the article that you picked together
with the references.
a. Find an article of your interest related to any topic that we covered in this course.
Ther