Principles of
Comparative Politics
Chapters 1-3:
Introduction
What Is Science?
What Is Politics?
What Is Comparative Politics?
Comparative politics is a subfield of political science.
Scholars have come up with at least three different ways
of defining th
Principles of
Comparative Politics
Chapter 6: Economic
Determinants of Democracy
Introduction
Last week, we examined the criteria for classifying
whether a country was a democracy or a dictatorship.
This week, we investigate how economic development
and t
Boazii University
Department of Economics
EC 205 Macroeconomics I
Spring 2017
Problem Session 4
Q1- Assume that an economy is characterized by the following equations:
C = 100 + (2/3)(Y - T) ,T = 600 , G = 500, I = 800 - (50/3)r
Ms/P = Md/P = 0.5Y - 50r
a
EC 205 Macroeconomics I
Lecture 5
Macroeconomics I
Chapter 3: The Science
of Macroeconomics
Outline of model
A closed economy, market-clearing model
Supply side
factor markets
determination of output/income
Demand side
determinants of C, I, and G
Eq
EC 205 Macroeconomics I
Macroeconomics I
Chapter 8 & 9:
Economic Growth
Why growth matters
In 2000, real GDP per capita in the United States was
more than fifty times that in Ethiopia.
Over the period 1975-2003, real GDP per capita in China
grew at a ra
Chapter 1
Microeconomics of Consumer Theory
The two broad categories of decision-makers in an economy are consumers and firms.
Each individual in each of these groups makes its decisions in order to achieve some goal
a consumer seeks to maximize some mea
Boazii University
Department of Economics
EC 205 Macroeconomics I
Spring 2017
Problem Session 3
Q1 (Production Function) In class, we argued that a neoclassical production function
needs to satisfy all of the following properties:
1.Constant returns to sc
Department of Economics
Boazii University
EC 205 Macroeconomics I
Spring 2017
Sample Problems
Q1- Consider the static standard consumer problem we studied in class, where a consumer
has to choose optimal consumption of two goods c1 and c2 . Let the consum
Boazii University
Department of Economics
EC 205 Macroeconomics I
Fall 2016
Problem Set 1
(due by 17/10/2016, Monday)
PLEASE READ THE INSTRUCTIONS CAREFULLY
0. Please staple the assignment that you turn in,
and do not forget to write your name & ID.
1. Da
Middle East Technical University
Department of Economics
Fall 2014-2015
ECON 206
November 7, 2014
PROBLEM SET 2
1. Show that
2
2
MSE( ) = E [( - ) ] =V( )+(B( )
Solution: Let B= B( ) and B( ) = E( ) , Then we can replace = E( ) B in the
formula of MSE:
2
Bo
gazi
ci University
Department of Economics
Spring 2016
EC 206 Problem Set 1
1. Netflux, Brickbuster and Hala, three providers of on-demand Internet streaming media, decide whether to
enter Turkish market or not. First, Netflux decides whether to enter
Completing the
Accounting Cycle
Agenda
Complete transaction worksheet
Closing the books
Post-closing trial balance
Complete accounting cycle
Reversing entries and correcting entries
Classified balance sheet
Using a Worksheet
Steps in Preparing a Work
Accounting for
Merchandising
Operations
Agenda
Differences between service and
merchandising companies
Recording purchases under perpetual
inventory
Recording of sales revenues
Multi-step income statement
Gross profit concept
Merchandising Operations
Offshoring of Goods and Services
1. A Model of Offshoring
2. The Gains from Offshoring
3. The Politics and Future of Offshoring
7
Introduction
The provision of services or the production of various parts of a
good in different countries that are then used
Example (1):
You plan to establish a new business with a group of
your friends two years from now (after graduation). Your
parents decide to support your investments. If each one
of you deposits 50,000TL today at a bank account at
10% interest rate, how m
BOND VALUATION
1
Example (1):
You are given the following information about
Bond XYZ.
Par value = $1,000
Time to maturity = 15 years
Annual coupon payment = $150
Market interest rate = 15%
Analyse the impact of interest rate changes on
the value of the bo
CAPITAL BUDGETING
UNDER UNCERTAINTY
1
SCENARO ANALYSS & SENSTVTY ANALYSS
Example (1):
Sentinent Inc. has an investment opportunity which has an initial cost of $1,200,000, a
ten-year life, and no salvage value. The company uses straight line depreciation
COMMON STOCK VALUATION
1
Example (1):
Stock ABC is expected to pay per share dividend of $3
next year. Given that the growth rate of dividends is 8
percent in perpetuity and the discount rate is 12
percent, what should be the price of the stock?
2
Example
CAPITAL BUDGETING
EVALUATION TECHNIQUES
1
Example (1):
Given the following cashflows of Projects A and B, compute
the payback periods of the projects.
Year:
0
1
2
Project A -3000 1500 1200
Project B -3000 400
900
3
4
800 300
1300 1500
2
Example (2):
Shoul
CAPITAL BUDGETING
UNDER CERTAINTY
1
Example (1):
Financial projections (incremental cash flows in $1,000) for the new
project are as follows:
Year 0
Year 1
7,000
2,000
Year 2
7,000
2,000
Sales Revenue
Operating costs
Investment
10,000
Depreciation
2,500
2
EC 503
MACROECONOMICS I
Fall 2016
Problem Set 4
due by October 24, 2016, 1 PM
1. The Life-Cycle Permanent Income Hypothesis and Durable Goods
In class, we studied models in which goods yield utility only in the period in which
they are purchased. For dura
EC 503
MACROECONOMICS I
Fall 2016
Problem Set 2
due by October 10, 2016, 1 PM
1. (a) Calculate the coefficients of absolute and relative risk aversion for the following
utility functions:
Exponential Utility:
1
U (c) = eac a > 0
(1.1)
a
Quadratic Utilit
Bo
gazi
ci University
Department of Economics
Fall 2016
EC 521 MATHEMATICAL METHODS FOR ECONOMICS
Problem Set 1
Answer Key
1. Take any y S. Suppose (x y)(z y) > 0 for some z S. Define the real map f on [0, 1]
P
by f (t) := (d(x, (1 t)y + tz)2 , that is, f
EC 521 MATHEMATICAL METHODS FOR
ECONOMICS
Lecture 3: Nonlinear Programming
Murat YILMAZ
Boazii University
In this section, we focus on nonlinear optimization problems and concave programming. We
study the necessary and sufficient conditions and cover Kuhn
EC 503
MACROECONOMICS I
Fall 2016
Problem Set 1
due by October 3, 2016, 1 PM
1. In this question, you are asked to solve the two-period consumption-savings problem
under certainty we covered in class with a utility function from the exponential
family:
1
EC 521 MATHEMATICAL METHODS FOR
ECONOMICS
Lecture 6: Real Analysis I
Murat YILMAZ
Bogazici University
In this lecture we first discuss metric spaces and open and closed sets. We give characterizations of open and closed sets through neighborhoods and thro
EC 521 MATHEMATICAL METHODS FOR
ECONOMICS
Lecture 4: Comparative Statics and Value Functions
Murat YILMAZ
Boazii University
In this lecture we study comparative statics, including implicit function theorem, envelope
theorem and their applications.
Compara
Bo
gazi
ci University
Department of Economics
Fall 2016
EC 521 MATHEMATICAL METHODS FOR ECONOMICS
QUIZ 1 - Answer Key
Name:
Let A be an m n matrix and c Rm . Show that either z A 0 and c z > 0 for
n
some z Rm
+ , or A x c for some x R+ .
Answer:
Let for v