The document discusses key concepts in advanced economies including trade specialization, division of labor, money, and capital. It then covers how trade specialization increases productivity and standards of living by allowing specialization and trade between individuals and countries. Money facilitates trade by serving as a means of payment, and capital increases production by leveraging labor. The role of government is also discussed in terms of promoting efficiency, equity, and macroeconomic stability. The concepts of demand, supply, and equilibrium are introduced along with factors that shift curves and bring supply and demand into balance.
Through this slide I try hard to explain it in as simple as possible, so you guys easily understand what IL-SM curve is & its derivation graphically & mathematically, and I hope you guys no need to open you books after you go through with it.
A brief study on the measures of income distribution for both analytic and quantitative purposes in terms of size distribution and functional distribution.
The study includes discussion on following concepts-
Lorenz Curve
Gini Coefficient
Absolute Poverty
Foster Greer Thorbecke Measure
Through this slide I try hard to explain it in as simple as possible, so you guys easily understand what IL-SM curve is & its derivation graphically & mathematically, and I hope you guys no need to open you books after you go through with it.
A brief study on the measures of income distribution for both analytic and quantitative purposes in terms of size distribution and functional distribution.
The study includes discussion on following concepts-
Lorenz Curve
Gini Coefficient
Absolute Poverty
Foster Greer Thorbecke Measure
Data Science - Part X - Time Series ForecastingDerek Kane
This lecture provides an overview of Time Series forecasting techniques and the process of creating effective forecasts. We will go through some of the popular statistical methods including time series decomposition, exponential smoothing, Holt-Winters, ARIMA, and GLM Models. These topics will be discussed in detail and we will go through the calibration and diagnostics effective time series models on a number of diverse datasets.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture goes over the difference between real and nominal GDP.
Data Science - Part X - Time Series ForecastingDerek Kane
This lecture provides an overview of Time Series forecasting techniques and the process of creating effective forecasts. We will go through some of the popular statistical methods including time series decomposition, exponential smoothing, Holt-Winters, ARIMA, and GLM Models. These topics will be discussed in detail and we will go through the calibration and diagnostics effective time series models on a number of diverse datasets.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture goes over the difference between real and nominal GDP.
CA NOTES ON THEORY OF DEMAND AND SUPPLY IN BUSINESS ECONOMICS
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Supply and Demand GuideTo solve the homework problems do the f.docxpicklesvalery
Supply and Demand Guide
To solve the homework problems do the following:
1. Identify the determinant change
2. Shift the appropriate curve in the correct direction
3. Change price appropriately
4. Move along the other curve (the one that did not shift) in response to the price change.
The following information will tell you the determinants and how the change, as well as definitions of the key terms.
Demand
Demand: The amount that consumers are willing and able to purchase at various prices.
Law of Demand: Price and Quantity Demanded vary inversely.
Quantity Demanded: The amount that consumers are willing and able to buy at a particular price.
Change in Quantity Demanded: Changes in price change the quantity demanded. This is a Movement Along a Demand Curve in Response to a Price Change.
Change in Demand: This is a shift in the position of the demand curve, either upward or downward. If the curve shifts upward, consumers are saying they will pay more for all quantities of the good or service. If it shifts downward, consumers are saying they will pay less for all quantities of the good or service.
Determinants of Demand: The Demand Curve will shift only when one (or more) of the Determinants of Demand changes. These determinants are:
1. Size of Market: the number of consumers in the market for the good or service. If this factor increases, the curve shifts upward (increase in demand). If this decreases, the curve shifts downward (decrease in demand).
2. Consumer Tastes and Preferences: if these shift in favor of a product, the demand curve shifts upward (demand increases); if these shift against a product, the demand curve shifts downward (demand decreases).
3. Consumer Income: as the income of consumers increase, consumers purchase more of all normal goods (assume all the goods in the homework are normal goods), this shifts the demand curve upward (demand increases); if income decreases, then consumers buy less of all normal goods, this shifts the demand curve downward (demand decreases).
4. Prices of Related Goods:
a. Complimentary Goods: These are goods that are used to together like peanut butter and jelly. If the price of peanut butter goes up, the Quantity Demanded of peanut butter will decrease (a movement along a demand curve in response to a price change). However, the Demand for jelly will decline (decrease in demand) as fewer people buy it to go with the peanut butter, since they are buying less peanut butter.
b. Substitute Goods: These are goods that are used in place of each other. If the price of Coke Cola goes up, the Quantity Demanded of Coke does down (a movement along the demand curve). But the Demand for Pepsi – the substitute good – goes up as people substitute the lower priced Pepsi for the higher priced Coke (the Pepsi demand curve shifts upward).
5. Expectations about the Future: If people have a positive view of the future they will consumer more and save less. This shifts th ...
Information Systems for Decision-MakingAssignment 1 The CEO’s.docxjaggernaoma
Information Systems for Decision-Making
Assignment 1: The CEO’s Challenge
Due Week 3 and worth 150 points
You’ve just left an all-hands meeting at your company*. The CEO was very upset at the rise of shadow IT
projects – a major indicator that the company’s internal information system has failed to meet its needs.
Because the current information system is inadequate, inefficient, and outdated, the CEO is inviting
everyone in the organization to propose a new operational, decision support, or enterprise information
system to replace it. The executives have allocated $5 million to fund the most promising idea.
This is your chance to make a difference in the company (not to mention your own career). Write your
proposal as a memo that the entire C-suite will review. Include at least these points, in your own words, to
be persuasive:
1. Identify the main functions of your proposed information system and why they are important to the
business.
2. Describe what types of data your information system will hold and how data quality will be
ensured.
3. Explain how the old information system handles the functions you mentioned, the problems that
occur, and why your information system will handle things better.
4. Offer evidence of feasibility: Show that similar information systems have been built successfully
and that they save more money than they cost.
The executives are busy, so keep your memo to 1-4 pages and avoid any extraneous content.
*You may use a current or former employer, but do not disclose anything confidential. Or, you can pick
another organization if you are familiar with their internal (not customer-facing) information systems. You
can disguise the organization and populate it with famous names. Made-up companies are problematic
because of the amount of detail and realism they require.
Supply and Demand
How are scarce resources and products allocated within an economy?
· Who or what determines at what price consumers will be willing and able to pay for a product?
· Who or what determines at what price producers and suppliers will be willing and able to supply a product?
Markets. Markets bring together the consumers and producers and suppliers of goods and services, and it is in markets where the exchange process occurs. For brevity sake, producers will be used to represent suppliers too.
· Because the exchange process involves a market where consumers and producers come together to make the exchange, there is ultimately an agreed-upon price and quantity between the two parties.
· In order to more fully understand how this exchange process takes place and how the consumer and producer determine price and quantity, we are going to discuss specifically first the DEMAND process, and then the SUPPLY process.
Quantity demanded is a function of, or depends upon, price. There are certain variables which affect or change demand from one level to a lower or higher level. Price of related goods, population, preferences, expectations, taxes.
Information Systems for Decision-MakingAssignment 1 The CEO’s.docx
trade money and capital
1. Trade, Money and Capital Advanced Economies have three features: -Trade Specialisation: trade between individuals and countries depends on specialisation - Division of Labour. -Money: It measures the economic value of things and is used for financing trade. -Capital: It leverages labour power into a much more efficient factor of production and increases production.
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