Lessons for the Young
Lessons for the Young
ROBERT P. MURPHY
Copyright 2010 by the Ludwig von Mises Institute and published under the Creative
Commons Attribution License 3.0. http:/creative
University of Arizona
The Walrasian Model and Walrasian Equilibrium
There are only two goods in the economy and there is no way to produce either good. There
are n individuals, indexed by i = 1,
Lecture 1: Regression analysis: a recapitulation of
Econometrics and Statistics in Bachelor
Multivariate regression model
Mechanics and interpretation of OLS
Omitted variable bias
Sampling distribution of OLS estimators
Inference: t-test an
Open Stata 10 (note that I have Stata 11 but Stata 10 works the same way) on the lab computers this is under Start>Standard applications. Check that the
version says 10 (e.g. 10.1 or 10.2) and NOT 8.
Open the dataset you want to use by clicking on the l
Exercises on Interactions between finance and investment decisions
1. Peatco, Inc., is considering a $2.1 million project that will be depreciated according
to the straight-line method over the three-year life of the project. The project will
American Economic Review 2016, 106(7): 15771600
Behavioral Economics: Past, Present, and Future
By Richard H. Thaler*
In recent years there has been growing interest in the mixture of psychology
and economics that h
Behavioural Microfoundations of Heterogeneous Expectations
Utrecht University School of Economics
8 September 2016
We propose a mean-variance framework for switching and diversifying
between forecasting strategies, in which diverse r
American Economic Review 2012, 102(2): 10291061
Credit Booms Gone Bust: Monetary Policy, Leverage
Cycles, and Financial Crises, 18702008
By Moritz Schularick and Alan M. Taylor*
In the brief history of macroeconomic
The Economic Journal, 121 (May), 379401. Doi: 10.1111/j.1468-0297.2011.02422.x. 2011 The Author(s). The Economic Journal 2011 Royal
Economic Society. Published by Blackwell Publishing, 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main Street, Malden,
NEW ENGLAND GRAPHICS
There are 8,264 different types of errors you can make in a printing
job, Jim Crandall has been heard to say. And over the years I guess
I've made nearly every one twice over.
Crandall is the owner of New England Graphics (NEG), a com
Chapter 1 - Introduction
Instructors Manual to accompany
Public Finance, Seventh Edition, by Harvey S. Rosen
Suggested Answers to End-of-Chapter Discussion Questions
Some of the questions have no single correct answer reasonable people can go off in
QUESTIONS & ANSWERS
The decision to start your own firm and go into business can be thought of as a
capital budgeting decision. You only go ahead if projected returns look attractive on
a personal and financial basis. Discuss this
PRODUCTION ANALYSIS AND COMPENSATION POLICY
1. The production function Q = 0.25X0.5Y exhibits:
a. constant returns to scale.
b. increasing returns to scale.
c. increasing and then diminishing returns to scale.
d. diminishing returns to sca
COST ANALYSIS AND ESTIMATION
1. The foregone value associated with the current rather than next-best use of a given asset is called:
a. current cost.
b. replacement cost.
c. historical cost.
d. opportunity cost.
2. Sunk costs:
1. Holding all else equal, the profitability index will fall following an increase in the:
a. cost of capital.
b. benefit-cost ratio.
2. The discount rate that equates present value of cash inflows and out
JOHN M. OLIN CENTER FOR LAW, ECONOMICS, AND BUSINESS
Discussion Paper No. 299
GENDER, INCOME LEVELS,
AND THE DEMAND FOR CIGARETTES
Forthcoming Journal of Risk and Uncertainty
Harvard Law School
Cambridge, MA 02138
This paper ca
CHAPTER 5DEMAND ESTIMATION
1. If P1 = $5, Q1 = 10,000, P2 = $6 and Q2 = 5,000, then a linear estimate of the demand curve is:
a. P = $7 - $0.002Q
b. P = $5 + $10,000Q
c. Q = 7 - 0.002P
d. Q = 35,000 - 5,000P
2. If P1 = $5, Q1 = 10,0
QUESTIONS & ANSWERS
A linear approximation to the market demand curve for Chevy Trail Blazers assumes
a constant marginal effect of changes in price on the quantity demanded. Is this
assumption valid at extraordinarily hig
Assume that relevant factors influencing EDP's (Electronic Data Processing In.c). monthly sale
are as follows:
Units Sold, Price, Advertising and Personal Selling Expenditures for
Electronic Data Processing, Inc.
The tools of macroeconomic policy
A: Fill in the blanks with the right terms. Choose from the following list.
a. stability b. hyperinflation c. function d. values e. taxes f.
g. deflation h. scarcities i. decline j. negative
Exercises - The Reasons for International Trade in Goods and Services
The Principle of Comparative Advantage
A. Decide whether the following statements are True or False , according to the
1. Differences in tastes among nations is one of the reasons
Exercises - Business Cycle Theories
A. Fill in the blanks with an appropriate term
a. rates, b. exogenous, c. resources, d. fluctuations, e. contraction, f. distinction,
g. self-generating, h. external, i. innovations, j. causation, k. breed, l. endogenou