PPT-ECON 2313:

Fall Semester 2011 Welcome What is economics Economics is the study of how individuals and societies allocate scarce resources among competing alternative uses Scarcity . O Box 2313 Taipei Taiwan 10617 ROC National Oceanic and Atmospheric Administration Paci64257c Marine Environmental Laboratory 7600 Sand Point Way NE Seattle WA 98115 0070 USA School of Oceanography University of Washington Box 357940 Seattle WA 98195 Slides. . © Michael R. Ward, UTA 2014. Moral Hazard. Once you have insurance, the cost of an accident is reduced, which also reduces the cost of the risky behavior, which results in riskier . behavior. Slides. . © Michael R. Ward, UTA 2014. Today. Syllabus. What the Course is About. What this Book is About. The One Lesson of Business. Econ 5313. Oil Lease Bidding. A young geologist was preparing a bid recommendation for an oil tract in the Gulf of Mexico. His expertise and the information at hand led him to recommend a bid of $5 million. Instead, a senior manager bid $20 million - far over the next highest-bid of $750,000. What, if anything, is wrong?. Slides. . © Michael R. Ward, UTA 2014. Divisions of a Firm. A . Division. is any . logical . sub-organization . of the . firm . Sometimes referred to as its Organizational . Architecture. Ex. . Functional. Slides. . © Michael R. Ward, UTA 2014. The “Boundaries. ” . of the Firm. Why . are some tasks organized within firms and others across firms?. Hayek – Transacting across firms reveals price information that is useful for decision making. Slides. . © Michael R. Ward, UTA 2014. Opportunity Costs. “Outsourcing” . Scene. Econ 5313. Foreign Currency. You've completed your vacation in a foreign country. At the airport, you discover you have the equivalent of $20 local currency left over. The exchange control officer tells you that you can't convert the local money back to dollars. Nor can you take it out of the country. Because the gift shop was closed, you decided to spend the remaining money on refreshments—for complete strangers! . Examples . Plus Multimedia . Welcome to this multimedia example. To navigate through this example you will need to click the appropriate green arrows (do not use the arrows on your keyboard) . Begin. Slides. . © Michael R. Ward, UTA 2014. Kidney Transplants. Two prominent hospitals recently refused patients for kidney transplants because the organs were from “directed donations. .” Why?. Most People. Slides. . © Michael R. Ward, UTA 2014. Some Theory Background. Econ 5313. Lots of formulas and math with this chapter. Trust me, there is a payoff. Demand curves slope downward. For two reasons:. People value the first unit more than the second, etc.. Data Issues and . Challenges. Joseph R. . Bongiovi. University of North Carolina- Chapel Hill. Seoul, Korea. July . 20. , 2011. Goals of the Workshop. Share information about precarious work in the various . Career Services – LinkedIn Learning Module 2. Career Services | 487-2313 | . www.mtu.edu/career. . LinkedIn can be Powerful Job Search Tool. There are new reports that up to 96% of recruiters are using LinkedIn to source their talent, and almost 100% use to initially screen applicants. 1 Honors:Economics (ZECO) ZECO-215. Hnrs:Principles of Macroeconmc. 3 Hours. See course description for ECON-215. Contains further components required of Honors Program students. Prerequisite: (MATH- study of flow of goods and services across space. Look at ways in which people provide for themselves across the globe. Geographic patterns of inequality at different scales. Globalization:. is a MAJOR thread throughout econ geo….free trade, international trade, international econ alliances, etc.. Lecture 24 Review Econ 340 Econ 340, Deardorff, Lecture 24: Review 2 Lecture 24 Outline For each lecture: Outline Major questions Lists of Terms Acronyms Clicker questions Especially on graphs Econ 340, Deardorff, Lecture 24: Review 3