*
Bazaar Sheba
Planning the Marketing Mix
Prepared by
Ashek Ishtiak Haq
Sec: B Roll no: ZR-96
The MBA 41-D
IBA, DU
*
2/2/2008
0 | Page
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BazaarSheba
Planning the Marketing Mix
1.0 Introduction:
What
C.K.
Prahlad
has
suggested in his brilliant book
What
Th

Advanced Topics in Modern Macroeconomics
ECON-UB 234.1
Lecture Notes
Instructor: Axelle Ferrire
Fall 2012
These lecture notes are based on the lecture notes of
Professor Tom Sargent (advanced UG).
2
Axelle Ferriere | NYU | Advanced Topics in Modern Macroe

Homework #3: Consumption-Saving Decisions
Professor Violante
Question 1: Consumption Theory
Consider an individual living for two periods with preferences
X (f1 > f2 ) = x (f1 ) +
1
1
x (f2 ) , where x (f) = exp (f)
1+
The individual receives income cfw_|

ECON 5011A: Applied Macroeconomics
Permanent Income Hypothesis
Fernando Leibovici
York University
1 / 58
What We Have Done So Far
We began to study 2-period endowment and production economies
But what do we know about how households save and borrow in t

Suggested Solution for HW3
March 7, 2013
1
1.1
Problem 1: Consumption Theory
Dynamic problem of the household
You can verify that the households utility function is well behaved and it
satises the Inada conditions. The agent chooses consumption today and

ECON 5011A: Applied Macroeconomics
Real Business Cycles
Fernando Leibovici
York University
1 / 76
What We Have Studied Up To Here. . .
1
Theory:
Static and dynamic economies
Uncertainty
Risk
Competitive equilibrium
Efficiency
2 / 76
What We Have Studied U

MACROECONOMIC THEORY (MA)
Bart Hobijn
COURSE NOTES
COURSE NOTES
Macroeconomic Theory
Bart Hobijn
bh32@nyu.edu
i
Table of Contents
CHAPTER 1: INTRODUCTION
1
1.1 Historical U.S. macroeconomic evidence
2
1.2 Structure of this class
4
1.3 An introduction to

ECON 5011A: Applied Macroeconomics
Intertemporal Decisions
Fernando Leibovici
York University
1 / 50
What We Have Done So Far
We have studied the competitive equilibrium of a static production economy:
Problem of each of the agents
Competitive equilibriu

Homework #4: Permanent Income Hypothesis
Professor Violante
Question 1: PIH with innite horizon and deterministic income
Consider a household who is innitely lived (w = 0> 1> =) and has quadratic utility
over consumption x (fw ) = e1 fw 12 e2 f2w = The ho

Homework #2: Pareto Optimality
Professor Violante
Problem 1. Pareto Optimality in a Backyard Economy
Consider a static (one-period) economy inhabited by two households indexed by
l = 1> 2= Households can either work in a rm (k) or work in their backyard (

Economic QuarterlyVolume 97, Number 3Third Quarter 2011Pages 209254
Financial Frictions in
Macroeconomic
Fluctuations
Vincenzo Quadrini
T
he financial crisis that developed starting in the summer of 2007 has
made it clear that macroeconomic models need to

Big Picture Idea
How would you go about finding the optimal labor income tax?
6 / 58
Big Picture Idea
How would you go about finding the optimal labor income tax?
This is how the government will think about it:
For every financing plan, there exists a

Suggested Solution for HW2
February 26, 2013
1
1.1
Pareto Optimality in a Backyard Economy
CE Allocation
The household l chooses (fl > ol ) to maximize the utility function X l (fl > j),
where j1 = ol , jm = o2 and j = jl + jm subject to the following bud

1
Question 1: PIH
Consider an agent with an infinite planning horizon who faces an infinite sequence of earnings cfw_yt
t=0 which is perfectly known already at time t = 0. This agent solves the following
consumption/saving problem:
max
cfw_ct ,at+1
s.t.

Homework #5: Investment and Asset Pricing
Professor Violante
Problem 1: Investment model with taxation
Consider an innitely lived rm that every period w chooses investment lw . At each period w, the rm
produces with the stock of capital nw that inherited

ECON 5011A: Applied Macroeconomics
Dynamic Production Economy
Fernando Leibovici
York University
1 / 34
What We Have Done So Far
We first studied a static production economy
We then studied a 2-period endowment economy
We abstracted from production in o

AMF - Homework #1: One Period Economy
Professor Violante
Problem 1: Tax on labor income
Consider an economy where the representative consumer has a utility function x (f> o) over consumption f and leisure o. Assume preferences satisfy the standard propert

ECON 5011A: Applied Macroeconomics
Unemployment
Fernando Leibovici
York University
1 / 38
Up To Now. . .
We have been studying equilibria in which labor markets clear
Total demand for labor = Total supply of labor
That is, equilibria without unemployme

Homework #8: Ricardian Neutrality
Professor Violante
Problem 1
Consider an economy that lasts for 2 periods w = 1> 2= The economy is populated by a
mass 1 of households, all equal, with preferences
X (f1 > f2 ) = ln (f1 ) + ln (f2 ) >
where ? 1 is the dis

Macroeconomic Theory and Analysis. V31.0013
Suggested Solutions HW5
1
Problem 1: Investment model with taxation
1.1
Prots at time t
The after-tax prots of the rm at time t are:
(1 t )[zt f (kt ) pt it ]
1.2
Value of the rm
Vt
j
j+1
1
1
=
t+j = t +
t+1

ECON 5011A: Applied Macroeconomics
Risk
Fernando Leibovici
York University
1 / 34
What We Have Done So Far
We have been studying the consumption-savings decision under uncertainty:
Permanent income hypothesis
2-period and infinite-horizon economies
Last

ECON 5011A: Applied Macroeconomics
Investment + Dynamic Programming
Fernando Leibovici
York University
1 / 38
Midterm Exam
Midterm grades are posted on Moodle
Solutions to the midterm are also now posted on Moodle
I will hand-in the remaining midterms

Homework #7: Search Model
Professor Violante
Problem 1
Consider the search model we studied in class, where the hazard rate from unemployment, i.e. the probability of nding an acceptable job and transiting from unemployment
into employment is = 1 J (zW ),

ECON 5011A: Applied Macroeconomics
Uncertainty
Fernando Leibovici
York University
1 / 65
What We Have Done So Far
We have been studying the consumption-savings decision:
Permanent income hypothesis
2-period and infinite-horizon economies
So far, been st

ECON 5011A: Applied Macroeconomics
Static Economy: Competitive Equilibrium
Fernando Leibovici
York University
1 / 51
Class Outline
1
Competitive equilibrium
2
What drives business cycle fluctuations?
3
Efficiency
2 / 51
But Before, A Word on Economics PhD

ECON 5011A: Applied Macroeconomics
Static Economy: Setup
Class Outline
1
Economic environment
2
Households
3
Firms
4
Government
Economic Environment
Economic Environment
An economic environment is characterized by the following elements:
Time
Set of agen

Suggested Solution for HW1
February 11, 2011
1
1.1
Problem 1: tax on labor income
Households problem
The household chooses (f> o) to maximise the utility function X(f> o) subject
to the following budget constraint:
f (1 )z(1 o) + g + w
(1)
The households

ECON 5011A: Applied Macroeconomics
Equilibrium Unemployment
Fernando Leibovici
York University
1 / 46
Up To Now. . .
We studied a model of a workers job search problem
Allowed us to characterize job search decisions
As well as to learn about their impa