BECO201: Chapter 1 The Scope and Method of Economics TUTORIAL 1 - MCQ
1) Marginalism is
A) the best alternative that we forego when making a decision.
B) the study of how societies choose to use scarce resources.
C) a market situation in which profit oppo
The Scope and
Method of Economics
1
CHAPTER OUTLINE
Why Study Economics?
To Learn a Way of Thinking
To Understand Society
To Understand Global Affairs
To Be an Informed Voter
The Scope of Economics
Microeconomics and
Macroeconomics
The Diverse Fields of E
Demand, Supply, and
Market Equilibrium
3
CHAPTER OUTLINE
PART 1: Consumer
Demand
Firms and Households: The Basic
Decision-Making Units
Input Markets and Output Markets: The
Circular Flow
Demand in Product/Output Markets
Changes in Quantity Demanded versus
What Is Microeconomics?
Microeconomics is the social science that deals with
individual and small business economic decisions,
specifically about how those decisions affect the utilization
and distribution of scarce resources (the demand and supply
of goo
BECO201 - Chapter 1
The Scope and Method of
Economics - Tutorial 1
1.
List three key reasons to study economics.
2.
When is it more expensive for a country to go to war during a recession or during an
economic boom? Explain.
3.
Why would an economist argu
2
The Economic
Problem: Scarcity
and Choice
CHAPTER OUTLINE
Scarcity, Choice, and
Opportunity Cost
Scarcity and Choice in a OnePerson Economy
Scarcity and Choice in an
Economy of Two or More
The Production Possibility Frontier
The Economic Problem
Economi
Structure of Interest Rates/Chapter 319
Chapter 3
Structure of Interest Rates
Outline
Characteristics of Debt Securities That Cause Their Yields to Vary
Credit (Default) Risk
Liquidity
Tax Status
Term to Maturity
Explaining Actual Yield Differentials
Yiel
Chapter 8/Bond Valuation and Risk 65
Chapter 8
Bond Valuation and Risk
Outline
Bond Valuation Process
Impact of the Discount Rate on Bond Valuation
Impact of the Timing of Payments on Bond Valuation
Valuation of Bonds with Semiannual Payments
Relationship
10 Chapter 2/Determination of Interest Rates
Chapter 2
Determination of Interest Rates
Outline
Loanable Funds Theory
Household Demand for Loanable Funds
Business Demand for Loanable Funds
Government Demand for Loanable Funds
Foreign Demand for Loanable Fu
92 Chapter 10/Stock Offerings and Investor Monitoring
Chapter 10
Stock Offerings and Investor Monitoring
Outline
Private Equity
Financing by Venture Capital Funds
Financing by Private Equity Funds
Public Equity
Ownership and Voting Rights
Preferred Stock
38 Chapter 5/Monetary Policy
Chapter 5
Monetary Policy
Outline
Mechanics of Monetary Policy
Correcting a Weak Economy
Correcting High Inflation
Limitations of Monetary Policy
Tradeoff in Monetary Policy
Impact of Other Forces on the Tradeoff
How the Feds
Chapter 1
Role of Financial Markets and Institutions
Outline
Overview of Financial Markets
Types of Financial Markets
How Financial Markets Facilitate Corporate Finance and Investment Management
Securities Traded in Financial Markets
Money Market Securiti
32 Chapter 4/Functions of the Fed
Chapter 4
Functions of the Fed
Outline
Organization of the Fed
Federal Reserve District Banks
Member Banks
Board of Governors
Federal Open Market Committee (FOMC)
Advisory Committees
Integration of Federal Reserve Compone
Chapter 7/Bond Markets 57
Chapter 7
Bond Markets
Outline
Background on Bonds
Bond Yields
Treasury and Federal Agency Bonds
Treasury Bond Auction
Trading Treasury Bonds
Treasury Bond Quotations
Stripped Treasury Bonds
Inflation-Indexed Treasury Bonds
Savin
THE LINEAR REGRESSION MODEL
Lectures 1 and 2
Francis Kramarz and Michael Visser
MASTER 1 EPP
2012
THE SIMPLE LINEAR REGRESSION MODEL
Introduction
Denition
A simple linear regression model is a regression model where the
dependent variable is continuous, e
Lecture 18: Logistic Regression Continued
Dipankar Bandyopadhyay, Ph.D.
BMTRY 711: Analysis of Categorical Data Spring 2011
Division of Biostatistics and Epidemiology
Medical University of South Carolina
Lecture 18: Logistic Regression Continued p. 1/104
QMIN (2006-02-08)
Transformations - 1.1
1 Transformations
One of the simplest ways to use certain statistical procedures with data that are not normally distributed is to transform the data. The advantage of transformations is the increase in statistical
Biostatistics 200
Unit 11: Logistic Regression
P & G Chapter 20
2 December 2012
1 / 45
O UTLINE THIS UNIT
Logistic Regression: Introduction and an example, P&G
470 - 471
The logistic regression model, P&G, pp 471 - 475
Using and interpreting Stata
Multipl
Biostatistics 200
Unit 10: Correlation and Regression
P & G Chapters 17 - 19
9 December 2012
1 / 72
O UTLINE FOR THIS U NIT
Pearson correlation coefcient, P&G, pp 398-403
Simple Linear Regression, P&G 415 - 432
Regression with indicator variables, P&G pp
Lesson 14
Confidence Intervals of
Odds Ratio and
Relative Risk
Lesson 14 Outline
Lesson 14 covers
Confidence Interval of an Odds Ratio
Review of Odds Ratio
Sampling distribution of OR on natural log scale
95% Confidence Interval of OR example
Confidenc
Binary Logistic Regression with SPSS
Logistic regression is used to predict a categorical (usually dichotomous) variable from a set of
predictor variables. With a categorical dependent variable, discriminant function analysis is usually
employed if all of
1
Interactions in Multiple Linear Regression
Basic Ideas
Interaction: An interaction occurs when an independent variable has a dierent
eect on the outcome depending on the values of another independent variable.
Lets look at some examples. Suppose that th