Week 8
Chapter 13 The Cost of Production
Profits
Profit is the total revenue minus total
What do I have to give up to get something?
L = land
K = capital
N = labour
C = consumption
Short run: period of time during which at least one of the firms input is
1. Given the limited resources, the best choice in taking an action takes into account:
Both benefits and cost of making that choice.
2. Dr Smith makes around $200,000 per year and lives in town, close to his medical
practice. Allen works as dishwasher in
Week 9 Firms in competitive markets
The Meaning of Competition
A competitive market, sometimes called a perfectly competitive market, has two characteristics:
There are many buyers and many sellers in the market (price-taking behavior)
The goods offers
Office Use Only
Semester Two 2014
Examination Period
Faculty of Business and Economics
EXAM CODES:
ECF1100
TITLE OF PAPER:
Microeconomics
EXAM DURATION:
2 hours writing time
READING TIME:
10 minutes
THIS PAPER IS FOR STUDENTS STUDYING AT:
CAULFIELD
During
ECF1100 MICROECONOMICS SEMESTER 1 2015
Individual Assignment
Due by 4 pm on Thursday, 14 May 2015
Instructions to Students
1. Answer all questions below. This is an individual assignment.
2. There are three parts to this assignment. The total mark for thi
Office Use Only
Erratum Sheet
Unit Code:
Title:
Exam Period:
Exam Date:
Campuses:
Page Number:
Question:
Part: (If applicable)
ECF1100
Microeconomics
Semester 2, 2014
10th November - AM
Caulfield
10
b
C
Part C: b) exam question currently says:
b) Suppose
Week 11 Oligopoly and Business Strategy
Learning Objectives
Examine what outcomes are possible when a market is an oligopoly
Learn about the preisoners dilemma and how it applies to oligopoly and other issues
DEFINITION
Game Theory the study of how peop
Week 10 Monopoly and Monopolistic Competition
Contents
Week 10 Monopoly and Monopolistic Competition.1
Chapter 15 Monopoly.1
Learning Objectives.1
Chapter Overview.1
Why Monopoly Arise.1
How Monopolies Make Production and Pricing Decisions.3
Chapter 16 Mo
Law
POSSIBILITY, LEGALITY;
CONTENTS, BREACH
REQUIREMENTS FOR A VALID
CONTRACT
The parties must have contractual capacity
The parties must have a serious intention to contract
The parties must communicate their intention to each other
The parties must
ECW1102
Introductory Macroeconomics
Lecture 6- The Open Economy
Learning Objectives:
Explain why the Australian economy operates
as an open economy
Construct an open economy diagram to explain
a nations trade balance and exchange rate
Use the open econ
ECW1102
Introductory Macroeconomics
Chapter 33
Lecture 7- Aggregate Demand and Aggregate
Supply
Learning Objectives:
Describe the factors that affect the economy in the
short run;
Explain how to construct a short-run model using
aggregate demand and agg
ETW2111
Business Data Modelling
Week 4
6. Comparing Two Population
Means
- Independent samples
*Known variances
*Unknown and equal variances
*Unknown and unequal variances
- Paired samples
Week 4-5 Lecture Plan
1. Introduction A 2 means problem
2. Hypoth
Economics Assignment
Question 1
In an open economy, there is a link that connects market for loanable funds and the
foreign currency exchange, that link is defined by the net foreign investment which
represents the purchase of foreign assets by domestic r
ETW2111
Business Data Modelling
Week 5
7. Comparing Two Population
Variances
Comparing Two Population Variances
Using Excel Data Analysis tool
Comparing means checking assumption on
variances
Learning Objectives
Test hypotheses about two population vari
ETW2111
Business Data Modelling
Week 5
6. Comparing Two Population
Means
Paired samples
6.3 Paired Samples
For the case of independent samples, the 2
populations are not related. (Low correlation between
the 2 samples)
When observations come in pairs,
ETW2111
Business Data Modelling
Week 4
6. Comparing Two Population
Means
Independent samples unknown variances
6.2.2 Case 2: Unknown Variances, assume Equal
Previously, if the 2 population variances were
known, we had:
( x1 x2 ) (1 2 )
z
12 22
n1
n2
If
Assignment 1
Due date:
Thursday 6th October 2016
Value:
This assignment is worth 10% of your final grade in this unit
Note:
This assignment is an individual assignment.
Word limit: Approximately 800 - 1000 words
General assignment instructions
Read the ta
Chapter 14 Solutions
Problem 14.1
a.
Year
Price
Index
1990
21913
100
2000
35879 163.73
2010
39990 182.49
2015
37430 170.81
Interpretation
The price of a Holden Commodore Ute in 1990 is 100% of the price of the
ute in 1990.
The price of a Holden Commodore
Cover sheet for submission of work for
assessment
School: Economics, Finance and Marketing
Program Name
Course/unit name
Business Statistics 1
Due Date
16 October 2016
Program Code
Course/unit code
ECON1030
Name of
Lecturer
Tutors Name
Tutorial Day/Time
S
Business Statistics 1
Tutorial (Week 6)
Questions for in-class tutorial:
Q1. Given a normal distribution with =50 and =5 , if you select a sample of
n=100 , what is the probability that x is
a. Less than 47?
X 4750
P ( X <47 )=P
<
=P ( Z <6 ) =0
/ n 5/10
Business School
Australian Catholic University
Australian National University
Bond University
Charles Darwin University
Charles Sturt University
CQUniversity
Curtin University
Deakin University
Edith Cowan University
Federation University Australia
Flinde
Business Statistics 1
Tutorial (Week 3)
Questions for in-class tutorial:
A
A
Total
B
10
20
30
B
20
40
60
Total
30
60
90
Q1. Given the contingency table above, what is the probability of
a. Event A?
b. Event B? (Self-Study)
c. Event A and B?
d. Event A or
Business Statistics 1
Tutorial (Week 3)
Questions for in-class tutorial:
A
A
Total
B
10
20
30
B
20
40
60
Total
30
60
90
Q1. Given the contingency table above, what is the probability of
a. Event A?
P ( A )=P ( A B )+ P ( A B' )=
10 20 30
+ = 0.3333
90 90
Business Statistics 1
Tutorial (Week 2)
Questions for in-class tutorial:
Q1. For each of the following variables, determine whether the variable is categorical or numerical. If the
variable is numerical, determine whether the variable is discrete or conti
Make
Audi
Audi
Audi
BMW
BMW
Ford
Ford
Ford
Holden
Holden
Holden
Holden
Hyundai
Hyundai
Hyundai
Kia
Kia
Kia
Mazda
Mazda
Mazda
Mitsubishi
Mitsubishi
Mitsubishi
Nissan
Nissan
Nissan
Subaru
Subaru
Volkswagen
Volkswagen
Volkswagen
Mercedes
Mercedes
Mercedes
Mo