PPT-ECON 102 Tutorial:

Author : pamella-moone | Published Date : 2017-10-15

Week 10 Shane Murphy wwwlancasteracukpostgradmurphys4 Question 1 H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to

Presentation Embed Code

Download Presentation

Download Presentation The PPT/PDF document "ECON 102 Tutorial:" is the property of its rightful owner. Permission is granted to download and print the materials on this website for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

ECON 102 Tutorial:: Transcript

Week 10 Shane Murphy wwwlancasteracukpostgradmurphys4 Question 1 H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components A water filter sells for 26 and H2OClean can buy the components for each filter for 1 Kevin and Sharon are two workers for H2OClean Ltd Sharon can assemble 60 water filters per month and Kevin can assemble 70 If the labour market is perfectly competitive how much will each be paid . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Today’s Outline. We’ll review the exam from Friday. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Question 1. Match . each of the three . types of price discrimination . to the following definitions:. (a) When . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. In-class activity: modelling a game in normal form and in extensive form. Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. A few things we need to know:. Marginal Rate of Substitution. 5. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS . C85. LUMS . Maths. and Stats Help (MASH) Centre. Are you mystified by . maths. ? Stuck with statistics? The LUMS . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Today’s Outline. Planet Money Podcast – . Invention of the Economy. Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Ch. 8, Problem 2(a) . True or False: In . a perfectly competitive industry the industry demand curve is horizontal, whereas for a monopoly it is downward-sloping. 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 . Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4/econ15. s.murphy5@lancaster.ac.uk. Today’s Outline. Planet Money Podcast – . Invention of the Economy. So, why was GDP invented?. Is GDP still relevant today or is it outdated? . Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. Ch. 8, Problem 2(a) . True or False: In . a perfectly competitive industry the industry demand curve is horizontal, whereas for a monopoly it is downward-sloping. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Permanent Income Hypothesis. People will spend money at a level consistent with their expected long-term or lifetime income. When young, people generally borrow, when middle aged people pay off their loans and save for retirement, and when old, people spend what they saved.. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5. @lancaster.ac.uk. office . LUMS . C85. Moodle. Moodle: . https. ://modules.lancs.ac.uk. /. Coursepaper. , Tutorial worksheets, Lecture Recordings, General Announcements. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4/econ15. s.murphy5@lancaster.ac.uk. Today’s Outline. Week 18 worksheet – Capital Markets:. We’ll try to do some questions on the board today.. 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..

Download Document

Here is the link to download the presentation.
"ECON 102 Tutorial:"The content belongs to its owner. You may download and print it for personal use, without modification, and keep all copyright notices. By downloading, you agree to these terms.