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

Ch. 18 Vector Time series 1 Introduction In dealing with economic variables often the value of one variables is not only related to its predecessors in time but, in addition, it depends on past values of other variables. This naturally extends the concept of univariate stochastic process to vector time series analysis. This chapter describes the dynamic in

Ch. 12 Stochastic Process 1 Introduction a particularly important aspect of real observable phenomena, which the random variables concept cannot accommodate, is their time dimension; the concept of random variable is essential static. A number of economic phenomena for which we need to formulate probability models come in the form of dynamic processes