Organizational Environment Organizational Environment: those forces outside its boundaries that can impact it. Forces can change over time and are made up of Opportunities and Threats. Opportunities: openings for managers to enhance revenues or open markets. New technologies, new markets and ideas. Threats: issues that can harm an organization. economic recessions, oil shortages

Introduction Beginning with this lecture, we focus our attention on dynamic games. The majority of games of economic interest feature some dynamic component, and most often payoff uncertainty as The analysis of extensive games is challenging in several ways. At the most basic level describing the possible sequences of events(choices) which define a particular game form is not problematic per se; yet, different formal definitions have been proposed, each with its Representing the players information as the play unfolds is nontrivial: to some extent

Macroenvironmental forces World trade enablers Asian economic power Rise of trade blocs International monetary crises Use of barter countertrade Move towards market economies Global lifestyles C2000 Prentice Hall

Primary Readings: DL-Chapter 4; JR-Chapter 3; Varian-Chapter 7 In most economic models, we start with an agent's utility function. The utility function basically maps from bundles that the agent might choose, to the real line. The utility function is quite convenient: it can be maximized and manipulated using mathematical tools. But the question is are we imposing some hidden or desirable assumptions when we take this approach ?prefeent's

Inflation Is a Fundamental Constraint on Economic Policy

ECSNOMICS Incomes and Human Development Are Linked. but Some Countries do better for Their Income levels

ECENOMIC S Gross domestic product can be measured Either as(a) a Flow of Final Products or Equivalently, as(b) a Flow of Costs 1-153

General Equilibrium Analysis Efficiency in Exchange Equity and Efficiency Efficiency in Production

hool of Business, Sun Y at-sen University L 2 Economic Transactions and Accounting Equation Self-Test Multiple choices 1. The ownership structure of a business includes the following forms

Ch. 11 Panel Data model Data sets that combine time series and cross sections are common in econo- metrics. For example, the published statistics of the OECD contain numerous series of economic aggregate observed yearly for many countries. The PSID is a studies of roughly 6000 families and 15000 individuals who has been interviews periodically from 1968 to the present