National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Spring 2017
Chapter 9
GJo allzatio
Introduction
There is no su bject in co nte m pora ry in rer n a rio na l rela tio ns that a tt ra cts m ote
nons m sc th an the noti on of g loba lizatio n. M uc h of th is no nse nse co mes fro m
h pen of th eori sts of 'hyperglo
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Report
The aim of our research work is to analyze the currency investment strategy for the Russian
investors. We take the Russian rouble as the base currency and use carry trade strategy for
making investments long in highinterestrate currencies and sho
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
The Maersk Group is a worldwide conglomerate that operates in some
130 countries with a workforce of over 89,000 employees. In addition to owning
Maersk Line, one of the worlds largest container shipping companies, Maersk is
involved in a wide range of ac
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Balance Sheet
Period Ending
2015
2014
Assets
Current Assets
Cash And Cash Equivalents
21120000
13844000
Short Term Investments
20481000
11,233,000
Net Receivables
35889000
31537000
Inventory
2349000
2111000
Other Current Assets
9539000
9806000
Total Curre
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
1.Overview of modern approaches to business models generation.
1.1.Business model concepts.
Whenever a business is established, it either explicitly or implicitly
employs a particular business model. A business model describes the
design or architecture o
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Standard accounts
Income Statement in EUR million (IFRS)
2011
2010
Sales
Revenue
44,096.0
35,441.0
Cost of Sales (function)
Cost of sales
36,000.0 29,706.0
Gross profit
8,096.0
5,735.0
SG&A (function)
Distribution costs
3,599.0
3,038.0
SG&A (function)
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 18
Task 1.
In a pure exchange economy with two goods, x and y, the two traders, A and B, have utility
functions: (, ) = + 4 and (, ) = + 2. Their endowments are = (4,8)
and = (2,12).
a) Solve for their contract curve and draw in the Edgeworth box
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
The budget constraint
1) In households budget constraint 1 is rationed, i.e. the level of consumption of good 1 is
fixed to be no larger than some amount, 1 . Will the effect be the same as if 2 was
stamped? (The government has provided a subsidy on good
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 27
Task 1
Ivanov is a owner of a cottage facing the lake on the Karelian Isthmus worth $500000: The
location attractive as it is, however has one drawback. Occasionally in the spring heavy
rains raise the water level in the lake, flooding the hous
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 8
Task 1
Imagine an individual with the utility function of the form (, ) = 100
= 8000, = 60, = 1. The price of decreases to 40.
a) Calculate the change in consumer surplus
b) How consumer surplus changed because of net price effect only?
c) How
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 21
Task 1
A monopolist cost function is () = 10 + 2 , > 1. An inverse demand function on the
production of this firm is () = 120 2.
a) Calculate an equilibrium
b) Calculate consumer surplus and producer surplus
c) What is the deadweight loss from
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Spring 2017
Discussion Paper
No. 201022  August 24, 2010  http:/www.economicsejournal.org/economics/discussionpapers/201022
Politics, Globalization, and Food Crisis Discourse
Bernard Joseph Esposo Guerrero
University of the Philippines, Diliman
Abstract The lite
National Research University  Higher School of Economics
Data Science
ECONOMICS 141

Fall 2016
RStudio IDE Cheat Sheet
The RStudio IDE is an Integrated Development Environment in R that comes in three versions
learn more at www.rstudio.com
Desktop IDE
Open Source Server
A local version of the IDE
for your desktop
for larger compute resources
and re
National Research University  Higher School of Economics
Data Science
ECONOMICS 141

Fall 2016
Interactive Web Apps
with shiny Cheat Sheet
learn more at shiny.rstudio.com
Building an App
Tell server how to render outputs with R in
the server function. To do this:
App template
Begin writing a new app with this template. Preview
the app by running th
National Research University  Higher School of Economics
Data Science
ECONOMICS 141

Fall 2016
The Art of Data Science
A Guide for Anyone Who Works with Data
Roger D. Peng and Elizabeth Matsui
This book is for sale at
http:/leanpub.com/artofdatascience
This version was published on 20160720
This is a Leanpub book. Leanpub empowers authors and
pub
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 7
Task 1
Some person consumes only 1 , 2 and his preferences can be described as
a) (1 , 2 ) = (1 4)(2 6)
b) (1 , 2 ) = min(1 , 2 )
3
This person has a sum of money equal 64. Given the prices for both goods: 1 = 1, 2 = 2.
In the point of the optim
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 6
Task 1
There are only 2 goods in economy. The change in price of a particular good causes the
change in consumption of this good
a) by only substitution effect
b) by only income effect
Give an example of such preferences and sketch the graphs fo
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 16
Task 1.
The market demand function for some good is = 28 5 and the market supply
function is = 2 + 10. Suppose the government wants to raise the price of a good to
$3.00 and is debating between (a) a price floor, (b) a price support program, (c
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 26
Task 1
Suppose that Lauras utility function is () = , where is wealth.
(a) Is she risk averse? Show mathematically.
(b) Suppose that Laura has an initial wealth of = $100.How much of a risk premium would she want to
participate in a gamble that
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 34
1. (Monopsony discrimination) A monopsonist in the labor market faces a relatively
inelastic supply of female labor and hence pays its female employees a lower wage than its
male employees even though the two groups are equally productive. What
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 9
Task 1
Over a threeyear period, an individual exhibits the following consumption behavior:
1
2
1 2
Year 1
3
3
7
4
Year 2
4
2
6
6
Year 3
5
1
7
3
Is this behavior consistent with the strong axiom of revealed preference?
Task 2
A person F chooses
National Research University  Higher School of Economics
Statistics
ECONOMICS 141

Fall 2015
Seminar 24
Task 1
Geralds income in the first year is 1 = $200 and in the second 2 = $200. Assume that the
interest rate is = 100%: (His time horizon is limited to these two years.)
(a) Find PV and FV of Gerald's income.
(b) Show on the graph Gerald's bud