Ethics and stakeholders sTakeholders: people or groups that have an interest in the organization Stakeholders include employees, customers, shareholders, suppliers, and others Stakeholders often want different outcomes and managers must work to satisfy as many as possible Ethics: a set of beliefs about right and wrong. Ethics guide people in dealings with stakeholders and others, to determine appropriate actions Managers often must choose between the conflicting interest of stakeholders Irwin/McGraw-Hill CThe McGran-Hill Companies, Inc, 2000

That streams of electrons possess the properties of beams of waves was dis- covered early in 1927 in a large industrial laboratory in the midst of a great city, and in a small university laboratory overlooking a cold and desolate sea. The coincidence seems the more striking when one remembers that facil- ities for making this discovery had been in constant use in laboratories throughout the world for more than a quarter of a century. And yet the coincidence was not, in fact, in any way remarkable. Discoveries in physics are made when the time for making them is ripe, and not before; the stage is set, the time is ripe, and the event occurs-more often than not at widely separated places at almost the same moment

Problem set 1 Micro Theory S. Wang Question1.1. Show that“f(X)=f(x),Vx∈R,A>1” implies“f(A)= Af(x),Vx∈R,A>0.” estion 1.2. Use a Lagrange function to solve c(w1, w2, y) for the following problem

Problem set 3 Micro Susen Wang Try to do most problems in MWG(1995), Chapters 7-9 Question 3.1.(Mixed-Strategy Nash Equilibrium). A principal hires an agent to perform some service at a price(which is supposed to equal the cost of the service The principal and the agent have initial

Review: Have a small quiz. Have a dictation of the words in Unit 2 consume moderate liable allowance typical fatigue advisable modify interfere succession imply obstacle density boost stem speculate maintenance academic II. Start the new lesson 1 Introduction The Hyde School sees itself as preparing children for life by cultivating a comprehensive set of principles which

Problem set 2 Micro Theory S. Wang Question 2. 1. You have just been asked to run a company that has two factories produc ing the same good and sells its output in a perfectly competitive market. The production

present discussion it is useful to distinguish among four crime different general approaches(three of which seek to reduce principally through the operations of the law enforcement criminal motivation), which are distinguished by their own and criminal justice systems. These \formal\ systems of set of objectives and techniques. These four approaches to rime pr enti control serve the dual purpose of deterring law-breaking crime prevention are:

Note final ps For question 2(a)the value of k'in the final equation(Eq 3b) needs to be rescaled Tuesday lecture will be for questions on the last problem set Juan)

1.1 System Fundamentals Definitions System: Definitions System- integrity of elements that form a certain structure internally and perform certain functions externally. L von Bertalanffy: System --set of interrelated elements

Introduction These notes essentially tie up a few loose ends in Lecture 8; in particular, I exhibit examples of inefficiencies in first- and second-price auctions. I would also like to briefly comment on Questions 1 and 2 in Problem Set 2 The first-price auction may be inefficient even with private values Both examples I am going to show are due to Eric Maskin(to the best of my knowledge) The first point I wish to make is that, even in a private-values setting, asymmetries may