Game Theory
Review of utility functions
1
The (weak) preference relation
The basic weak-preference
relation: "Basket x is regarded as at least as
x < x'
From this we can derive the
good as basket x' "
x < x' and x' < x
indifference relation
x v x'
an
Drdnc Blm
Pazar Aratrmalar ve Pazarlama Bilgi
Sistemleri
Bu hafta
Pazarlama Aratrmas ve Tketici
Bak As
Gerekli Olan Bilgiyi Deerlendirme
Pazarlama Bilgisi Gelitirme
Pazarlama Aratrmas
Pazarlama Bilgisi Kullanma ve
Deerlendirme
Blm Sorular
yi bir pazarlam
Pazarlama evresinin Deerlendirilmesi
Pazarlama evresinin Deerlendirilmesi
Bu hafta
letmenin Mikro evresi
letmenin Makro evresi
Demografik Pazarlama evresi
Ekonomik Pazarlama evresi
Doal Pazarlama evresi
Teknolojik Pazarlama evresi
Politik ve Sosyal Pazarl
Ayhanm ACAR
Asl EVK
EZG KARAKAYA
Feyzanur GEN
Tue ELMASTA
WHAT IS THE FACTORING?
Factoring is a financial transaction whereby a business sells its accounts receivable.
(i.e.; invoices) to a third party (called a factor) at a discount in exchange for
imme
Mehmet Ttnc
Lecture 6 - Money and Prices
(or, macroeconomics of the money market)
In the last three lectures, we talked about the labor market and the goods market. Of the
markets considered in macroeconomics, we have one more left to discuss before we ca
Question (1)
Consider the aggregate labor market in a country. The demand for labor and the supply of labor in this
country are given by the following equations:
LD = 8200 2 w
LS = 1000 + 0.4 w
where LD and LS denote the amount of labor demanded and suppl
Mehmet Ttnc
Lecture 2 - Measures of Output and Price Level
We have seen that macroeconomics studies overall economic activity in a country.
To make observations about the economy in general, we need, first, a measure of overall
activity.
Or, since economi
Lecture 2 - Employment and Unemployment
(or, macroeconomics of labor markets)
We have seen that macroeconomics studies overall economic activity in a country by looking
upon the economy as if it is composed of four markets only: The goods market, the labo
Lecture 3 - Saving and Investment
(or, macroeconomics of the goods market)
As we have also mentioned at the beginning of Lecture 3, macroeconomics studies overall
economic activity in a country by looking upon the economy as if it is composed of four
mark
Mehmet Ttnc
Lecture 7 - A General Framework for Macroeconomic Analysis
(or, all three actually, four markets together)
In the last four lectures, we talked about three (actually, four) different markets in the
macroeconomic system: The labor market, the g
1) Money demand in an economy in which no interest is paid on money is
MD / P = 500 + 0.2 Y 1000 i
(a)
(b)
(c)
Suppose that P = 100, Y = 1000, and i = 0.10. Find real money demand, nominal money
demand, and velocity.
The price level doubles from P = 100 t
1) Consider an economy in long-run equilibrium with an inflation rate () of 0.08 per year and a
natural unemployment rate of 0.05. The expectations-augmented Phillips curve is given by
= e - 2.5 (u - 0.05).
Consider a two-year disinflation. In the first
PS 5
Example Question (with solution below)
An economy is described by the following equations:
Desired Consumption
Desired Investment
Government Purchases
Taxes
Real Money Demand
Nominal Monjey Supply
Full Employment Output
Expected Inflation
(a)
(b)
Cd
Extra Questions with Answers
1) Suppose there is a decline in consumer optimism that reduces desired consumption at each
level of income and the real interest rate. ( points)
a) Determine the effects of this change on output, the real interest rate and th
1) Money demand in an economy in which no interest is paid on money is
MD / P = 500 + 0.2 Y 1000 i
(a)
(b)
(c)
Suppose that P = 100, Y = 1000, and i = 0.10. Find real money demand, nominal money
demand, and velocity.
The price level doubles from P = 100 t