Advanced Microeconomics
JEM003
Fall 2011
Jana Votpkov
a
a
SEMINAR - General Equilibrium
1. Pure exchange:
Consider two consumers with the following utility functions:
1
a
UA = X1A X2A a
1
b
UB = X1B X2B b
A = (1A , 2A )
B = (1B , 2B )
a (0, 1)
b (0, 1)
Fi
Advanced Microeconomics
JEM003
Fall 2011
Jana Votpkov
a
a
SEMINAR 2
1. A consumer lives for two periods, denoted 1 and 2, and consumes a single consumption good
in each period. His wealth when born is w > 0. What is his (lifetime) Walrasian budget set?
2.
Capital Structure with Corporate Taxes II
Petra Buzkov
Jitka Leanovsk
Diana igraiov
March 6, 2014
Stephenson Real Estate Company (SREC) is an
all-equity firm with 15 mil. shares of common
stock outstanding worth $32.50 per share;
future plans of SREC: SR
JEM081
ADVANCED ECONOMICS OF EUROPEAN INTEGRATION:
Microeconomic Aspects
Lecture 4
Topic 5, Economics of Customs Union
GENERAL EQUILIBRIUM
APPROACH
Dr. Wadim Strielkowski
IES FSV CUNI
4 November 2013
1
Contents
general equilibrium approach to market
equil
Lecture 8, Topic A
BUDGET AND REDISTRIBUTION
IN THE EU
Dr. Wadim Strielkowski
IES FSV CUNI
November 18, 2013
1
Synopsis
Budget of the EU. Why joint budget: transaction costs and
redistribution of costs and benefits. Structure of revenues
and expenditures.
Lecture 8, Topic B
ECONOMICS OF
REDISTRIBUTION IN THE EU
Regional disparities and regional
redistribution
Dr. Wadim Strielkowski
IES FSV CUNI
November 18, 2013
1
Synopsis
Measuring regional disparities, Gini coefficient. NUTS 2
regions and regional dispar
JEM081
ADVANCED ECONOMICS OF EUROPEAN INTEGRATION:
Microeconomic Aspects
Lecture 3
Topic 3, Economics of Customs Union
VINERS MODEL OF CUSTOMS
UNION
Dr. Wadim Strielkowski
IES FSV CUNI
October 7, 2013
Contents
Traditional partial equilibrium approach to a
JEM081
ADVANCED ECONOMICS OF EUROPEAN
INTEGRATION: Microeconomic Aspects
Lecture 2b
Topic 2b, Welfare Effects of Trade
ECONOMICS OF FREE TRADE
AND PROTECTION
Dr. Wadim Strielkowski
IES FSV CUNI
October 1, 2013
Contents
Changes of welfare generated by fre
JEM081
ADVANCED ECONOMICS OF EUROPEAN INTEGRATION:
Microeconomic Aspects
Lecture 1a
Topic 1, Introduction to Economics of Integration
BASIC CONCEPTS: WHAT IS THE
ECONOMICS OF INTEGRATION
ABOUT
1
Contents
New institutional economics, microeconomic
aspects
LECTURE 10
Introductory Econometrics
Endogeneity
December 3, 2013
1 / 30
A LITTLE REVISION : OLS CLASSICAL ASSUMPTIONS
1. The regression model is linear in coefcients, is correctly
specied, and has an additive error term
2. The error term has a zero popul
LECTURE 8
Introductory Econometrics
Multicollinearity & Heteroskedasticity
November 19, 2013
1 / 33
O N PREVIOUS LECTURES
We discussed the specication of a regression equation
Specication consists of choosing:
1. correct independent variables
2. correct f
LECTURE 9
Introductory Econometrics
Autocorrelation
November 26, 2013
1 / 30
O N PREVIOUS LECTURES
We discussed the specication of a regression equation
Specication consists of choosing:
1. correct independent variables
2. correct functional form
3. corre
LECTURE 7
Introductory Econometrics
Choosing explanatory variables
November 12, 2013
1 / 29
W HAT WE HAVE LEARNED SO FAR
We know what a linear regression model is and how its
parameters are estimated by OLS
We know what the properties of OLS estimator are
LECTURE 1
Introductory Econometrics
Kl ra Kalskov
a
a
October 1, 2013
W HAT IS ECONOMETRICS ?
To beginning students, it may seem as if econometrics is an overly
complex obstacle to an otherwise useful education. (. . .) To
professionals in the eld, econom
LECTURE 3
Introductory Econometrics
INTRODUCTION TO LINEAR
REGRESSION MODEL II
October 15, 2013
O N THE PREVIOUS LECTURE
We explained the principle of OLS: minimizing the sum of
squared differences between the observation and the
regression line yi = 0 +
LECTURE 2
Introductory Econometrics
INTRODUCTION TO LINEAR
REGRESSION MODEL I
October 8, 2013
E CONOMETRIC MODELS
Econometric model is an estimable formulation of a
theoretical relationship
Theory says:
Q = f (P, Ps , Y)
Q . . . quantity demanded
P . . .
LECTURE 4
Introductory Econometrics
Hypothesis testing
October 22, 2013
1 / 31
O N THE PREVIOUS LECTURE
We have listed the classical assumptions of regression
models:
The regression model is linear in the coefcients, is
correctly specied, and has an addit
LECTURE 6
Introductory Econometrics
Nonlinear specication and dummy variables
November 5, 2013
1 / 32
O N THE PREVIOUS LECTURE
We showed how restrictions are incorporated in regression
models
We explained the idea of the F-test
We dened the notion of the
LECTURE 5
Introductory Econometrics
Hypothesis testing & Goodness of t
October 29, 2013
1 / 26
O N THE PREVIOUS LECTURE
We discussed the principle of hypothesis testing
Type I and Type II errors
Critical value and rejection region
We derived the t-statist
Banking
Tutorial 6 Bank Capital
Vyacheslav Lypko
Institute of Economic Studies, Faculty of Social Sciences,
Charles University in Prague, Czech Republic
November 6, 2013
Contents
1. Types of capital - recap
2. Basel II - recap
3. Case study operational ri
Banking
5th Tutorial
Money Market Instruments and
Interest Rates
Vyacheslav Lypko
Institute of Economic Studies, Faculty of Social Sciences,
Charles University in Prague
October 30, 2013
Content
Money market instruments
Interest rates
Slide 2
Money market