A Beginner's Guide to Economic Research and Presentation
by
Dr. Jeffrey A. Edwards
1
Table of Contents
Introduction
4
1. Basic Regression Analysis and Inference
What is a Regression Model?
Estimation and Inference
2. More Sophisticated Regression Analysis
Chapter 13 Notes
These are viewed as single period, but businesses tend to be on-going, or multiperiod games
These are two-person games, but oligopolies often represent N-person games,
where N is greater than 2
Some games are zero-sum games in that what o
Chapter 2
Fundamental Economic Concepts
Demand, Supply, and Equilibrium Review
Total, Average, and Marginal Analysis
Finding the Optimum Point
Present Value, Discounting & Net Present Value
De m and Cur ve s
Individual
Demand Curve
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20 Q /time
Chapter 2 (cont)
Fundamental Economic Concepts
Risk and Expected Value
Probability Distributions
Standard Deviation & Coefficient of Variation
Normal Distributions and using the z-value
The Relationship Between Risk & Return
Risk
Most decisions invol
Chapter 1
What is Managerial Economics?
Integrates and applies microeconomic theory and methods to decision making
problems faced by private, public, and not-for-profit organizations.
Managerial economics deals with microeconomic reasoning on real world
p
NORTH CAROLINA AGRICULTURAL AND TECHNICAL
STATE UNIVERSITY
Course Syllabus
Course Information
Course Number/Section : Economics 608/001
Course Title: Managerial Economics
Term: Fall 2012
Days & Times: Thursday 6:00-9:00 PM
Professor Contact Information
Pr
R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
As explained in the Preface and in Chapter 1 of your textbook, managerial economics ap plies microeconomic theory to business decision making. The decision-making tools that
you will learn can pr
R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
Linear Functions
Functions can be either linear or nonlinear in form. This section of the Review discusses
the properties of linear functions, and then the next section examines nonlinear functio
R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
EXPONENTIAL AND NATURAL LOGARITHMIC FUNCTIONS
We now discuss two more curvilinear functions, exponential functions and natural logar ithmic functions, which have mathematical properties that can
R e v i e w o f
F u n d a m e n t a l M a t h e m a t i c s
Curvilinear Functions
Linear functions are easy to use because the rate of change in the dependent variable as
the independent variable changes is constant. For many relations, however, the rate
Chapter 3
DEMAND ANALYSIS
Demand Relationships
The Price Elasticity of Demand
Arc and point price elasticity
Elasticity and revenue relationships
Why some products are inelastic and others are elastic
Income Elasticities
Cross Elasticities of Deman