1. The document discusses the differences between changes in demand versus changes in quantity demanded, and changes in supply versus changes in quantity supplied through graphs of the corn market.
2. It also covers common mistakes in labeling graphs, such as mislabeling the axes or failing to specify whether a change is in demand or supply.
3. Finally, it provides advice for the exam, such as not restating the question, using correct terminology, drawing graphs even if not required, and explaining reasoning.
It shows the meaning of aggregate demand and aggregate supply. Why aggregate demand curve downward slopping? Show the Short run and Long run Aggregate demand aggregate supply.
Macroeconomics: Aggregate Demand and Supplybrianbelen
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
As the title suggests, this deck gives an overview of aggregate demand and supply (or equilibrium in the goods and money markets).
Intro to Aggregate Demand content slideshow. Designed for the Economic A level qualification. Can be used in revision and in class.
Subtopics:
Characteristics of AD
The AD curve
It shows the meaning of aggregate demand and aggregate supply. Why aggregate demand curve downward slopping? Show the Short run and Long run Aggregate demand aggregate supply.
Macroeconomics: Aggregate Demand and Supplybrianbelen
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
As the title suggests, this deck gives an overview of aggregate demand and supply (or equilibrium in the goods and money markets).
Intro to Aggregate Demand content slideshow. Designed for the Economic A level qualification. Can be used in revision and in class.
Subtopics:
Characteristics of AD
The AD curve
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
By highlighting the potential advantages and challenges of integrating AI with XML development tools and languages, the presentation seeks to inspire thoughtful conversation around the future of XML development. We’ll not only delve into the technical aspects of AI-powered XML development but also discuss practical implications and possible future directions.
Communications Mining Series - Zero to Hero - Session 1DianaGray10
This session provides introduction to UiPath Communication Mining, importance and platform overview. You will acquire a good understand of the phases in Communication Mining as we go over the platform with you. Topics covered:
• Communication Mining Overview
• Why is it important?
• How can it help today’s business and the benefits
• Phases in Communication Mining
• Demo on Platform overview
• Q/A
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
GraphSummit Singapore | The Future of Agility: Supercharging Digital Transfor...Neo4j
Leonard Jayamohan, Partner & Generative AI Lead, Deloitte
This keynote will reveal how Deloitte leverages Neo4j’s graph power for groundbreaking digital twin solutions, achieving a staggering 100x performance boost. Discover the essential role knowledge graphs play in successful generative AI implementations. Plus, get an exclusive look at an innovative Neo4j + Generative AI solution Deloitte is developing in-house.
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
A tale of scale & speed: How the US Navy is enabling software delivery from l...sonjaschweigert1
Rapid and secure feature delivery is a goal across every application team and every branch of the DoD. The Navy’s DevSecOps platform, Party Barge, has achieved:
- Reduction in onboarding time from 5 weeks to 1 day
- Improved developer experience and productivity through actionable findings and reduction of false positives
- Maintenance of superior security standards and inherent policy enforcement with Authorization to Operate (ATO)
Development teams can ship efficiently and ensure applications are cyber ready for Navy Authorizing Officials (AOs). In this webinar, Sigma Defense and Anchore will give attendees a look behind the scenes and demo secure pipeline automation and security artifacts that speed up application ATO and time to production.
We will cover:
- How to remove silos in DevSecOps
- How to build efficient development pipeline roles and component templates
- How to deliver security artifacts that matter for ATO’s (SBOMs, vulnerability reports, and policy evidence)
- How to streamline operations with automated policy checks on container images
Unlocking Productivity: Leveraging the Potential of Copilot in Microsoft 365, a presentation by Christoforos Vlachos, Senior Solutions Manager – Modern Workplace, Uni Systems
9. EQUILIBRIUM AND CHANGES
IN EQUILIBRIUM
LRAS
P AS
Price Level
Equilibrium
P Real Output
AD
Y Q
Real Domestic Output, GDP
10. GROWTH IN THE AD-AS MODEL
C ASLR1 ASLR2
A
Capital Goods
Price Level
B D Q1 Q2
Consumer Goods Real GDP
11. THE MONEY MARKET
Sm1 Sm Use this graph when the
10 FED changes the money
Nominal Interest Rate
supply to change interest
7.5 rates.
5 ie
2.5 Dm
0
0 50 100 150 200 250 300
Amount of money demanded
(billions of dollars)
12. Net effects of Monetary
Policy and/or Fiscal Policy on
Interest Rate
15. MONETARY POLICY AND EQUILIBRIUM GDP
Sm1 S
m2
Nominal interest rate Investment
10 10 Demand
8 8
6 6
Dm
0 0
Quantity of money Amount of investment, I
AS
Money Supply Increases
If the money
Price level
Interest Rate Decreases
supply increases
Investment Increases
to stimulate the
P2
P1 economy...
AD & GDP Increases
AD1 AD2
with slight inflation
Real domestic output, GDP
16. MONETARY POLICY AND EQUILIBRIUM GDP
Sm1 S S
m2 m3
Real rate of interest, i Investment
10 10 Demand
8 8
6 6
Dm
0 0
Quantity of money demanded and supplied Amount of investment, i
AS
More Money Supply
P3 If the money
Price level
Lower Interest Rates
supply increases
More Investment
P2 again…
P1 Still higher AD & GDP
AD1 AD2 AD3
with significant inflation
Real domestic output, GDP
18. THE MULTIPLIER EFFECT
1 1
Multiplier = MPS
or
1 - MPC
Change in initial change
GDP = Multiplier x in spending
MPC and the Multiplier
MPC Multiplier
.9 10
.8 5
.75 4
.67 3
.5 2
19. MONEY MULTIPLIER
• 1 / Required Reserve Ratio
• Maximum Multiple $$$ Money Expansion
20. MULTIPLE DEPOSIT EXPANSION PROCESS
Amount bank
Acquired reserves Required Excess can lend - New
Bank and deposits reserves reserves money created
A $100.00 $20.00 $80.00 $80.00
B 80.00 16.00 64.00 64.00
C 64.00 12.80 51.20 51.20
D 51.20 10.24 40.96 40.96
E 40.96 8.19 32.77 32.77
F 32.77 6.55 26.22 26.22
G 26.22 5.24 20.98 20.98
H 20.98 4.20 16.78 16.78
I 16.78 3.36 13.42 13.42
J 13.42 2.68 10.74 10.74
K 10.74 2.15 8.59 8.59
L 8.59 1.72 6.87 6.87
M 6.87 1.37 5.50 5.50
N 5.50 1.10 4.40 4.40
Other banks 21.97 4.40 17.57 17.57
Total amount of money created by the banking system $400.00
22. FEDERAL RESERVE PURCHASE
OF BONDS FROM PUBLIC
New reserves $200
Purchase of a $800 Required
$1000 bond Excess
Reserves reserves
from public...
$1000
$4000 Initial
Bank System Lending Deposit
Total Increase in Money Supply ($5000)
23. Someone deposits $1000 in new
Reserves at a bank.
New reserves $200
$800 Required
Excess
Reserves reserves
$1000
$4000 Initial
Bank System Lending Deposit
Total Increase in Money Supply ($4000)
24. Fed Buys A $1,000 Bond From Joe’s Bank
New reserves
$1,000
20% RR Excess
Reserves
$5,000
PMC thru Bank Lending
TMS is $5000
25. OUTCOME OF MONEY EXPANSION
$100
New reserves $20
$80 Required
Leakages
Excess reserves
reserves
exist...(Savings)
Currency Drains $100
$400
Initial
Excess Reserves Deposit
Bank system lending
Money Created
26. $100
Injections:
New reserves $20
$80 Required
Excess reserves
reserves
Additional Spending into
Income – Expenditures stream:
Investment,
G, or Xn
$400 $100
Initial
Bank system lending Deposit
Money Created
28. LOANABLE FUNDS MARKET
S
This graph shows
how the supply and
demand for loanable
real interest rate
funds affects real
interest rates
r
D
Q
Quantity of Loanable Funds
29. Loanable Funds Market Graph
(Long-Term Interest Rates)
What changes Supply: What changes Demand:
1. Increase in Household 1. Increase in Household
savings borrowing
2. Increase in Gov’t 2. Increase in business
savings Investment
3. Increase in Foreign
3. Increase in Business
borrowing
savings
4. Increase in Government
4. Increase in Business borrowing (When the
savings gov’t has a budget
5. Increase in Foreigners’ deficit!) = (the crowding -
savings out effect)
30. Price Index
Price Index Price of market basket in specific year
in a given = --------------------------------------------- X 100
Year Price of same market basket in base year
Nominal GDP
Real GDP = ------------------------------- X 100
Price Index
36. DEMAND-PULL INFLATION
ASLR AS2
AS1
Price Level
P3 c
P2 b
P1 a
AD2
AD1
o Q1
Real domestic output
37. COST-PUSH INFLATION
Occurs when short-run AS shifts left
ASLR AS2
AS1
Price Level
P2 b
P1 a
AD1
o Q2 Q1
Real domestic output
38. COST-PUSH INFLATION
Government response with increased AD
ASLR AS2
AS1
Even
Price Level
P3 c higher
P2 b price
P1 a levels
AD2
AD1
o Q2 Q1
Real domestic output
39. COST-PUSH INFLATION
ASLR AS2
AS1
Price Level
P2 b
P1 a
AD1
o Q2 Q1
Real domestic output
40. COST-PUSH INFLATION
If government allows a recession to occur
ASLR AS2
AS1
Nominal
Price Level
wages fall (which
increases AS &
P2 b AS returns
P1 a to its original
location
AD1
o Q2 Q1
Real domestic output
41. People must believe Fed is serious
about stopping inflation. Higher
expectations decreases Aggregate
Supply.
44. GENERAL EXAM ADVICE
Free Response:
• Do not restate question
• Use correct terminology
• Even if a graph is not required, draw
one anyway and explain.
• Use same outline as question
• Use Good Handwriting
45. GENERAL EXAM ADVICE
• Draw graphs large enough for the
reader to tell what’s going on.
• Explain your reasoning: “the price
increased”, why?
• No Calculators