PPT-ECON 4921: Lecture

2 Jon Fiva 2009 Institutions and economic performance We are interested in establishing the causal effect of institutions on long run economic. Slides. . © Michael R. Ward, UTA 2014. Valentine's Day. On Valentine's Day, the price of roses increases by more than the price of greeting cards. . Why. ? . What . makes roses and cards different and how does . 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. iPhone Pricing. In July 2007, Apple released two versions of the iPhone: 8-GB for $599 and 4-GB for $499. In the first weekend alone Apple sold around half a million iPhones. 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?. 10 ( 201 5 ) 4911 - 4921 International Journal of ELECTROCHEMICAL SCIENCE www.electrochemsci.org Short Communication Electrosynthesis and Characterization of Cu(OH) 2 Nanoparticle using Cu and Cu - 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.”. 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.. 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- 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..