D
E
T Y:
B
T
R
U
R
E
N
PUNCH
FUN FACT: Mr. Sommers is
older than CNN, this year
was CNNs 33rd year
anniversary.
THESI
S
I admire Ted Turner because he is an innovator. Turner created
CNN, revolutionizing the way news stations work. Turner is also
very g
1. What was Adams Smith invisible hand of the market place?
Smith argued that competition in free markets benefits society as a whole by
keeping prices low. Competition refers to the rivalry among producers to provide a
better deal to consumers in terms o
Warren Buffet/ Investing Harkness
1) What is the difference between active and passive investing?
2) What is Buffets suggestion on active versus passive investment?
3) How does Buffet feel about forecasters?
4) According to the author, why do people follo
Mr. L
Honors British Literature
13 March 2013
Two Precis
1. "Timeline of LGBT History." Wikipedia. Wikimedia Foundation, 13 Mar. 2013.
Web.
This is a reliable source because it provides a broad, yet very specific/ detailed list
and description of every ma
Introduction to Economics
17 April 2013
Boomerang Reading Analysis
What is wrong with the Greek finances? Why?
There are multiple problems within the Greek economy, from tax frauds, to
dishonest government workers; Greeks economic problems were brought on
Ms. D
Honors British Literature
4 September 2012
Hitler and Mussolinis Rise to Power
The post World War I era in the early nineteen hundreds was a very difficult
time for Europe; especially for Italy and Germany. Both countries were in the midst
of social
Propoganda Project Explanation
For my propaganda project, I drew an image of Hitlers face, with the Nazi flag
in the background, and a slogan in German that translates to Hitler, for a stronger
Germany! I used red as the background for the following two r
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rency lowers the relative price of domestically produced goods and services, in
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attributed to owners of copyrighted work. Under certain circumstances,
educational institutions may provide copies of copyrighted works to
students. The copies may not be copied nor use
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Midterm Exam (20 points)
Name.
I.
Definitions (5 points)
Define each of the following concepts:

purchasing power parity (PPP)
the number of units of a foreign countrys currency required to purchase the
identical quantity of goods and services in the loc
MultipleChoiceQuestions&Problems
1. Countriestendtobeclassifiedasmoreorlessdevelopedbasedon
a. theliteracyrate.
b. thepovertyrate.
*c. thelevelofincomepercapita.
d. thetypesofgoodstheyproduce.
2. Whichofthefollowingdemonstratesinternationalinterdependence
Week1. Introducing Economic Development: A Global Perspective &
Comparative Economic Development
Absolute Poverty: a situation of being unable to meet the minimum levels of
income, food, clothing, healthcare, shelter and other essentials. (over 40% of the
George Washington University
Department of Economics
ECON 12
Introduction to Macroeconomics
Spring 2003
Prof. Roberto Samaniego
Funger 616
Phone: (202) 9946153
Supplementary notes on Money
These notes contain two elements:
1. The balance sheet of the cen
ECON 012 Principles of Macroeconomics Spring 2003
Roberto M Samaniego
Notes on Entry and Exit
I havent talked about the issue of entry and exit. This is a topic that receives a lot more
attention in the news than it does in introductory economics, for the
George Washington University
Department of Economics
ECON 1012
Macroeconomics
Spring 2014
Prof. Roberto Samaniego
Monroe 318
Phone: (202) 9946153
Supply Shocks
In our model, supply shocks stem from changes in the relative price of inputs, or from
technol
Two Views of Real GDP:
1.
Output produced sold
(comment on inventories)
2.
Output bought used

Two ways of looking at output:
Supply (what are the incentives to produce?)
Demand (what are the incentives to buy?)
I)
II)
I. Aggregate Supply
Think about out
2. New Growth Theory
Technical change doesnt just happen by
accident: people try to invent things (or new,
better ways of producing things)
People try to invent things because they earn
profits by selling them.
If you just add this idea to the Neoclassica
THE GEORGE WASHINGTON UNIVERSITY
Department of Economics
ECON 1012: PRINCIPLES OF MACROECONOMICS
Instructor: Prof. Roberto Samaniego
Office:
Monroe 318
Office Hours: Tuesdays 12:152:00
Office Email: roberto@gwu.edu
Office Phone: 2029946153
Teaching Ass
Introduction to Econometrics
Paul Carrillo
Notes # 1
Overview of course
Review of probability theory
(discrete random variables)
Brief Overview of the Course
Economics suggests important relationships, often with policy
implications, but virtually never s
The George Washington University
Introduction to Econometrics
Schedule and HW
HW #02
Prof. Paul Carrillo
Date
Topic (class notes #03  #04  #05)
Sep 12
 Probability distributions of
continuous random variables
 Expected values and variance
Sep 12
 Est
The George Washington University
Finance 627110
Fall 2015
Reading Schedule and HW
Week # 1
Paul Carrillo
Date
Topic (class notes #01  #02)
9/5
 Class overview
 What is Econometrics?
 Questions we may examine
 Data sources
 Causal effects
 Random v
Introduction to Multiple Regression
Outline
1. Omitted variable bias
2. Causality and regression analysis
3. Multiple regression and OLS
4. Measures of fit
5. Sampling distribution of the OLS estimator
Intro to Econometrics
Omitted Variable Bias
The error
Regression with a Single Regressor:
Hypothesis Tests and Confidence Intervals
Overview
Now that we have the sampling distribution of OLS
estimator, we are ready to perform hypothesis tests about
1 and to construct confidence intervals about 1
Also, we w
Linear Regression
Consider the following general model:
(1)
y i 0 1 X 1i 2 X 2i u i
where yi is the dependent variable, 0, ,1 and 2 are coefficients, X,1i and
X,2i are (nonrandom) explanatory variables, and ui is an unobserved
(from the researchers point
Distribution of Y1, Yn under simple random sampling
Because individuals #1 and #2 are selected at random, the
value of Y1 has no information content for Y2. Thus:
o Y1 and Y2 are independently distributed
o Y1 and Y2 come from the same distribution, that
Introduction to Econometrics
Paul Carrillo
Notes # 03
Sampling and
Sampling Distributions
Populations and Samples
A Population is the set of all items or individuals
of interest
Examples:
All likely voters in the next election
All parts produced today
Al
Introduction to
Econometrics
Paul Carrillo
Notes # 2
Review of probability theory
(continuous random variables)
Probability Distributions
Probability
Distributions
Discrete
Probability
Distributions
Binomial
Continuous
Probability
Distributions
Uniform
No