Topics to be Discussed 11.1 Summary Initial research about the economic growth The definition about the economic growth Weighing standard about the economic growth Headspring of the economic growth Economic growth and economic development

Definition (1) Econometrics: economic measurement. (2) Econometrics: the social science in which the tools of economic theory, mathematics, and statistical inference are applied to the analysis of economic phenomena. (3) Econometrics: the result of a certain outlook on the role of economics, consists of the application of mathematical statistics to economic data to lend

Part One General Introduction to International Economic Law One General Introduction to International Economic Law Two International Economic Organizations Tree Transnational Corporation Part Two Legal System of International Trade Four General Introduction to Legal System of International Trade Five Law of International Sale of Goods Six Transportation and Insurance Concerning International Sale of Goods Seven Legal System of Government Control on International Trade Part Three Legal System of International Technology Transfer Eight General Introduction to Legal System of International Technology Transfer (Trade) Nine International Licensing Contract Ten Legal Regulation to International Technology Transfer Part Four Legal System of International Direct Investment Eleven General Introduction to Legal System of International Direct Investment Twelve Legal Forms of International Investment Thirteen Domestic Laws Concerning Transnational Investment Fourteen International Treaties Concern

True and False Questions: 1. Economic interest maximization and risk aversion are two characteristics of an economic man 2. Maslow's theory of the hierarchy of needs believes that man are resourceful evaluator and maximizer 3. Firm is a coalition of economic men. 4. The economic nature of man gives rise to the emerge of accounting

Chapter Objectives: This chapter provides a way to measure economic exposure, discusses its determinants, and presents methods for managing and hedging economic exposure

（一）经济发展的概念 Concept 1、经济增长Economic Growth 2、经济发展Economic development 3、经济增长与经济发展 （二）对经济发展的测度与比较 Measurement and comparative method

 Introduction  Problem formulation  Characteristics of prime mover-generator  Model of economic dispatch and its solution  Economic dispatch considering line loss  Gradient method  Newton method  Dynamic programming  Co-dispatch of thermal and hydro plants

Normative Definition: Economics is the science that studies how to efficiently allocate economic resources Positive Definition: Economics is the science that studies how an economy operates or how economic variables are determined under the given economic system. The System of an Economy:

Introduction to Economic Fluctuations The modern world regards business cycles much as the ancient Egyptians regarded the overflowing of the Nile. The phenomenon recurs at intervals, it is of great importance to everyone, and natural causes of it are not in sight -John Bates Clark, 1898 Economic fluctuations present a recurring problem for economists and policy-

1. Please elaborate the term of efficient market 2. Please elaborate the terms of ethical man, economic man, rational economic man, bounded ationality, REMM 3. According to economic man and REMM, all men are self-interested\potential thieves However, this is conflict with our observations. Please