2
(Differences in Culture)
2
LEGO ?
Culture Code .
a set of images that are associated with a particular set
of stereotypes in our minds
3
< >
4
What is Culture?
a system of values and norms tha
10
(The Strategy of International Business)
(strategy):
(Profitability): ;
(ROIC; return on invested capital):
(Profit growth):
4
5
(Value Creation)
6
(value creation):
V C
Chapter Thirty-Two
Production
Exchange Economies (revisited)
No production, only endowments, so
no description of how resources are
converted to consumables.
General equilibrium: all markets
clear si
Financial Econometrics (C. Min)
Topic 2
Topic 2
Linear Regression Models
1. A Linear Regression Model
The main purpose of using linear regression models is to identify determining factors
for a variab
Chapter Thirty-One
Exchange
Exchange
Two consumers, A and B.
Their endowments of goods 1 and 2
are A
A A
B
B B
( 1 , 2 ) and ( 1 , 2 ).
A
B
E.g. ( 6,4 ) and ( 2, 2).
The total quantities available
Game Applications
Chapter 29
Nash Equilibrium
In any Nash equilibrium (NE) each player
chooses a best response to the choices
made by all of the other players.
A game may have more than one NE.
How ca
Ch.2 Simple Linear Regression Models (C. Min)
Chapter 2
Simple Linear Regression Models
2.4 Hypothesis Testing
2.4.1 Testing
In the regression of , the null hypothesis implies that X
has no rela
Ch.1 A Review of Hypothesis Testing (C. Min)
Chapter 1
A Review of Hypothesis Testing
The goal of testing statistical hypotheses is to determine whether sample information from
a population supports a
Strict exogeneity
_
Cross-sectional data (often random sample)
_
_
_
_
- 1 -
Variance / Standard Error
RANDOM SAMPLE:
(drawn independently from the same population)
SAMPLE MEAN
Chapter Thirty-Three
Welfare
Social Choice
Different economic states will be
preferred by different individuals.
How can individual preferences be
aggregated into a social
preference over all possibl