Capital Allocation
Passive strategies and the capital market line
(CML)
The Markowitz portfolio optimization model
Risk Pooling and Sharing
Capital Asset Pricing Model (CAPM)
Beta
The Security Market Line (SML)
Single Factor Models
Multi-Factor Mo
Title
Bop:Total Current Account Bal EU28 sa m
CDID
L877
National StaN
PreUnit
Unit
m
Release da23-12-2015
Next relea 31 March 2016
Important notes
1999
-16103
2000
-8158
2001
-2944
2002
-15755
2003
-27164
2004
-34941
2005
-39181
2006
-34628
2007
-42348
20
Surname: 1
Name:
Professor:
Course:
Date:
Having focused on the objectives of the convergence process, I would state the objectives
of the process were to fix the deficiencies in the various institutions, the IFRS, and the U.S.
GAAP. Additionally, the obj
Consumer and Producer Surplus
ARSC 1432 Microeconomics Co-Seminar
SPRING 2009
Consumer Surplus = CS = the difference between what consumers are willing to pay and
what they actually pay for a good or service.
Producer Surplus = PS = the difference between
Economics 101
Summer 2013
Answers to Homework #2
Due Tuesday, June 4, 2013
Directions: The homework will be collected in a box before the lecture. Please place your name, TA
name and section number on top of the homework (legibly). Make sure you write you
Chapters 1-2
Definition of economics: economics is a social science that deals with how to efficiently use a
countrys resources.
1. resources:
1. land natures contribution to the process of production. Includes raw materials, fertility, rivers
etc
2. labo
Solutions to Exercises and Problems
Microeconomics for Business Decisions
Chapter 1 Solutions
1.1 Statements a, c, e, g, and h deal with what are generally considered to macroeconomic issues
inflation, fiscal and monetary policy, government spending, and
Difference Equations: Linear
Instead of continuous time we have discrete time : t 0,1,2,
Example : yt 1 yt , y0 c is often given
One solution is the Equilibrium : y y
y (1 ) y
, if 1
1
Substitute for to obtain solution : yt 1 (1 ) y yt
yt 1 y ( yt y
Solutions to Exercises Mathematical Methods
Horst Zank1
b Economics, School of Social Sciences, The University of Manchester, United Kingdom.
Exercise 71: Find the solution of the following minimization problem:
min
Z
1
( + 2 )
0
with (0) = 1 (1) = 0.
Dynamic Programming
Given : xt 1 g (t , xt , ut ),
x0 c is given, control ut U (convex)
T
Problem : max f (t , xt , ut ) subject to constraints above
t
0
We seek, among admissible pairs (cfw_xt T0 , cfw_ut T0 ), a solution.
t
t
Example: Individual consume
Arrows Sufficiency condition
Sometimes Hamiltonia are not concave in state and control variables
ns
Maximized Hamiltonian :
H (t , x, ) :max H (t , x, u , )
uU
Theorem (Arrow Sufficiency):
If H (t , x, ), is concave in x for all t [t0 , t1 ]
then all ( x*
Differential Equations
Equations where the unknown is a function and
the equations include derivatives of the function
x ax b, x ax bx 2
dx(t )
Unknown here is x(t ), with x x(t ) :
dt
Examples : x ax,
First order differential equation : x F (t , x)
has s
Optimization with Dynamic Systems
Typical Problem : state variable ( x), control variable (u ),
objective function ( J ), initial ( x(t0 ) and terminal value ( x(t1 ).
x g (t , x(t ), u (t ), x(t0 ) x0 , x(t1 ) x1
For any continuous differentiable u (t ),
Title
non-EU(2013):BOP:Balance:SA:Total Trade in Goods M
CDID
L87K
National StaN
PreUnit
Unit
m
Release da09-02-2016
Next relea 11 March 2016
Important notes
1998
-16496
1999
-21250
2000
-28032
2001
-28730
2002
-25790
2003
-22628
2004
-28607
2005
-31308
2
Title
EU (inc. Croatia):BOP:Balance:SA:Total Trade in Goods M
CDID
L87Q
National StaN
Seasonally NSA
PreUnit
Unit
m
Release da09-02-2016
Next relea 11 March 2016
Important notes
1998
-5847
1999
-8168
2000
-5440
2001
-13183
2002
-23163
2003
-28331
2004
-33
OFFICIAL - SENSITIVE
until publication of statistical bulletin at 9.30am on Tuesday 9th February 2016.
UK trade, records page for December 2015
million seasonally adjusted
Latest value
Last time lower
Last time higher
Record
Comment
Total goods and servi
A Bayer Deal for Monsanto Would Get
E.U. Regulatory Scrutiny
Questions:
What are the prospects of obtaining approvals
from European and US regulators for a potential
acquisition/merger of Monsanto by German
Chemical Maker Bayer?
Do you think that the tran
Calls and Puts
Hockey Stick Diagrams
Summary of Puts and Calls
Buy
Calls
Puts
Sell
(Write)
Summary of Puts and Calls
Buy
Calls
Puts
Not obligated to buy
stock
Sell
(Write)
Summary of Puts and Calls
Buy
Calls
Not obligated to buy
stock
Gains if stock goe
Beroni Group: Managing GP-LP Relationships
Case #: INS078
Deliverable: written responses one pdf from each team 4 to 7 pages in total length.
Due Date: 6:30 pm June 30, 2016 (e-mail submittal)
Ensure you submit responses parts a, b, c, & d of questions 1
Financial Strain Grows From
"Brexit" Vote
Questions:
Do you think, it would be strategically prudent to
invest in United Kingdom's real estate market
(especially select residential segment) once the
valuations witness a significant down turn?
What are the
Gobi Partners:
Raising Fund II
MGMT E-2790 Private Equity Summer 2016
Case: Gobi Partners: Raising Fund II HBS Pub # 9-807-093
2016 Viney Sawhney
Gobi Partners: Raising Fund II
Challenge
Huge challenge raising 1st fund
Early-stage Chinese IT and digita
Note on Private Equity
Deal Structures
Private Equity
Session 4
Source: Tuck School of Business at Dartmouth
Case # 5-0006
Viney Sawhney 2016
Private Equity Deal Structures
Introduction
Term Sheets
Brief preliminary documents designed to facilitate
and
Balance of Payments, 2015 Q3
Current Account
B1
Summary of balance of payments
B2
Trade in goods
B3
Trade in services
B4
Primary income
B5
Secondary income
B6
Transactions with the European Union (EU) and with non-EU countries
Capital Account
B7
Capital a
Balance of Payments, 2015 Q3
Current Account
B1
Summary of balance of payments
B2
Trade in goods
B3
Trade in services
B4
Primary income
B5
Secondary income
B6
Transactions with the European Union (EU) and with non-EU countries
Capital Account
B7
Capital a