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The document outlines a plan for Thursday, July 31st. It reminds the reader that homework is due tomorrow, there is a quiz on Monday, and they should start Chapter 8. On Wednesday they will review cost functions, long run costs, profit maximization, and cost minimization. The CEO chooses the output level and they must determine the optimal inputs of labor (L) and capital (K) to minimize costs of producing that output level given prices of inputs. Combinations of inputs in the shaded blue areas would waste money, and the optimal solution occurs where the marginal costs of the inputs are equal.
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The document outlines topics to review for an economics midterm on Monday, including homework due Friday, income and substitution effects, production and price-consumption curves, and how the price-consumption curve changes depending on whether goods are necessities, substitutes, or complements. It also notes that for perfect complements, the price-consumption curve does not depend on income or the price of the other good, and provides an example graph.
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July24
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July22
The document outlines the schedule and topics for an economics class on Tuesday, July 22nd. It lists that homework is due on Friday, a midterm will be on Monday, and students should read sections 6.2 through 6.4 for the next class. The class will include a quiz, a review of the previous class, and discussions of PCC and ICC curves, the income and substitution effects, Cobb-Douglas functions, and how a constant share of income is allocated to each good. The class ends at 11:35 and students should raise their hand if they have any questions.
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The new schedule outlines homework and assessments for the week, including homework 3 due on Monday, quiz 2 on Tuesday covering this week's material, and homework 4 to be posted by Monday for the following week. The midterm will be the following Monday. Going forward, homework will be due on Fridays, quizzes on Mondays, and the final exam remains on Friday, with extra office hours on Monday and Friday mornings.
July17
This document outlines topics to review for an upcoming class, including homework due on Monday, a quiz scheduled for Tuesday, and reviewing how to map utility functions by raising them to a power or multiplying by a positive number, which changes the marginal utility but not the marginal rate of substitution or indifference curves. Specific utility functions U=3X+Y, V=(3X+Y)4, and Ũ=100(3X+Y)4 are given as examples.
July16
The document outlines topics to cover on July 16th including a quiz on Friday, homework due Monday, and graphing indifference curves using different utility functions. It discusses rescaling curves by raising them to a power or multiplying by a constant. Finally, it notes finding the optimum using workbooks, with the utility function U=XY^2, and mapping utility to create a 3D surface.
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The document outlines topics to cover in a Tuesday class, including distributing new documents, recapping the previous class, and discussing indifference maps, budget constraints, and the marginal rate of substitution. Indifference maps show bundles a consumer is indifferent between and have properties like indifference curves that do not cross and slope downward. The marginal rate of substitution is the slope of the indifference curve and represents the tradeoff a consumer will accept between goods, typically decreasing with higher quantities of one good.
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Independent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessLabour Market Information Council | Conseil de l’information sur le marché du travail
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...University of Calabria
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1. Elemental Economics - Introduction to mining.pdf
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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- 1. Outline for Thursday, July 31 Remember Homework tomorrow Quiz Monday Start Chapter 8 Review Wednesday The cost function, long run costs Profit maximization
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