'Cobb douglas' presentation slideshows

Choice

5. Choice. Economic Rationality. The principal behavioral postulate is that a decisionmaker chooses its most preferred alternative from those available to it. The available choices constitute the choice set. How is the most preferred bundle in the choice set located?.

960 views • 74 slides

Technological Change and Economic Growth: the Interwar Years and the 1990s

Technological Change and Economic Growth: the Interwar Years and the 1990s. Alexander J. Field afield@scu.edu All Ohio Eocnomic History Seminar Ohio State Universiyty April 30, 2004. The Most Technologically Progressive Decade of the Century. Field, American Economic Review (2003)

1.21k views • 71 slides

Trade Growth and Inequality

Trade Growth and Inequality. Professor Christopher Bliss Hilary Term 2004 Fridays 10-11 a.m. Why the Poor Stay Poor. Chapter 3 of the book (circulated). The Persistence of Poverty. What are the transmission properties of income at t to income at t+1? Friedman (1992) regression to the mean

631 views • 51 slides

Chapter 4

709 views • 49 slides

Review Class Seven

Review Class Seven. Producer theory. Key sentence: A representative , or say, typical firm will maximize his profit under the restriction of technology and market structure. Hey, guys! What we are going to do is only to translate this key sentence. Translation is an easy job for you, Ok?.

578 views • 47 slides

Chapter 5 Choice

Chapter 5 Choice. Economic Rationality. The principal behavioral postulate is that a decisionmaker chooses his most preferred alternative from those available to him. The available choices constitute the choice set. How is the most preferred bundle in the choice set located?.

693 views • 47 slides

Theory of the Firm

865 views • 45 slides

Theory of the Firm

741 views • 45 slides

Efficiency and Productivity Measurement: Stochastic Frontier Analysis

Efficiency and Productivity Measurement: Stochastic Frontier Analysis. D.S. Prasada Rao School of Economics The University of Queensland, Australia. Stochastic Frontier Analysis. It is a parametric technique that uses standard production function methodology.

894 views • 45 slides

Microeconomics 2

Microeconomics 2. John Hey. Part 1 and Part 2. Part 1: an economy without production... ... just exchange Part 2: an economy with production... ... production and exchange. Part 1. Reservation prices. Indifference curves. Demand and supply curves. Surplus. Exchange. The Edgeworth Box.

416 views • 31 slides

L06

L06. Demand. Review. Model of choice parameters Example 1: Cobb Douglass. Perfect Complements. Perfect complements. We know Focus on one good (x1) How the demand is affected by a change a) in “own” price b) in income c) in price of other commodity

444 views • 24 slides

Technology

Technology. Production functions Short run and long run Examples of technology Marginal product Technical rate of substitution Returns to scale. Consumers Maximize utility Constraint: budget line. Firms Maximize profits Constraint: production function. Analogies with Consumer Theory.

411 views • 24 slides

QUANTITATIVE ANALYSIS OF TECHNOLOGICAL DEVELOPMENT

QUANTITATIVE ANALYSIS OF TECHNOLOGICAL DEVELOPMENT. Indicators of technological progress. Technological progress. Technological progress is a process that leads to: creation of new or improved methods of production that provide savings, introduction of new and improved products and services,

369 views • 24 slides

L06

245 views • 24 slides

Analysis of the speed of convergence

371 views • 21 slides

Microeconomics 2

307 views • 20 slides

Lowe and Cobb-Douglas CPIs and their substitution bias

Lowe and Cobb-Douglas CPIs and their substitution bias. Bert M. Balk Statistics Netherlands and Rotterdam School of Management Erasmus University Washington DC, 17 May 2008. Lowe. A Lowe price index is defined as P Lo (p 1 ,p 0 ;q b ) ? p 1 ?q b / p 0 ?q b

174 views • 9 slides

Problem 7.4 and 7.7

7.4 Suppose that the hourly output of chili at a barbecue (q, measured in pounds) is characterized by where K is the number of large pots used each hour and L is the number of worker hours employed. Graph the q=2,000 pounds per hour isoquant.

647 views • 4 slides

Setting all the c ijk equal to unity and dividing both sides of equation (4)

Setting all the c ijk equal to unity and dividing both sides of equation (4) above by j j Y j we obtain the aggregate share parameter for country i goods on the right k ik . Substituting the left-hand side into equation (3) he obtained the following gravity equation. m. i Y. Y. i. j

136 views • 1 slides