PPT-Econ

134A Fall 2012 Test 2 solution sketches Average 4168 points What counts as 100 5455 points 2 students with 55 points this also counts as 100 Joe Izu takes out a car loan of 50000 today. Slides. . © Michael R. Ward, UTA 2014. “The Market For Lemons. ”. Baby Model. Looking . for a used . car . The Buyer . cannot tell “lemons” from “. cherries” . But . Seller . knows. Actual range of values are from $2,000 to $4,000 with each price equally . Slides. . © Michael R. Ward, UTA 2014. Bagel Shop. You run . a small bagel shop. You have engaged in a market study to categorize your customers’ willingness to pay for a meal (. coffee & bagel. 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. 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. Donut Holes. Making Decisions on the Margin. A friend does an experiment in class. Hands one student a box of donut holes. “Eat as many as you want.”. Hands another student a watch. “Mark the time between donut holes.”. 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. 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.. Slides. . © Michael R. Ward, UTA 2014. Tool Merger. Black & Decker, a power tool company, and Stanley, a maker of hand tools, have . recently merged. . How is this likely to affect tool prices. 2. Why study bubbles?. “[An] issue that clearly needs more attention is the formation and propagation of asset price bubbles…I suspect that progress will require careful empirical research with attention . 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- 1.INTRODUCTIONHowdoeshouseholdconsumptionrespondtochangesineconomicresources?Doestheresponsedependonthenatureanddurationofthechanges?Doanticipatedincomechangeshaveadifferentconsumptionimpactthanunanti ymanagementresearch:AsystematicreviewofmonitoringandcontroltacticsintheworldNaymãPintoDias,MoisésJoãoZotti,PabloMontoya,IvanRicardoCarvalho Correspondingauthor.DepartmentofCropProtection,FederalUni