'Analysis frank cowell' presentation slideshows

Moral Hazard

Prerequisites. Almost essential Risk. Moral Hazard. MICROECONOMICS Principles and Analysis Frank Cowell . June 2004 . The moral hazard problem. A key aspect of hidden information Information relates to actions .

1.55k views • 43 slides

The Firm: Basics

The Firm: Basics. MICROECONOMICS Principles and Analysis Frank Cowell . October 2011 . Overview. The Firm: Basics. The setting. The environment for the basic model of the firm. Input require-ment sets. Isoquants. Returns to scale. Marginal products. The basics of production.

569 views • 35 slides

Welfare: The Social-Welfare Function

Prerequisites. Almost essential Welfare: Basics Welfare: Efficiency. Welfare: The Social-Welfare Function. MICROECONOMICS Principles and Analysis Frank Cowell . December 2006. Social Welfare Function. Limitations of the welfare analysis so far: Constitution approach

1.71k views • 34 slides

Consumer: Welfare

Prerequisites. Almost essential Firm: Optimisation Consumption: Basics. Consumer: Welfare. MICROECONOMICS Principles and Analysis Frank Cowell . October 2006 . Using consumer theory. Consumer analysis is not just a matter of consumers' reactions to prices

452 views • 31 slides

Welfare: Basics

Prerequisites. Useful, but optional Consumption basics. Welfare: Basics. MICROECONOMICS Principles and Analysis Frank Cowell . April 2010. Overview. Welfare: Basics. Approaches to welfare. Alternative ways of systematising social values . The constitution. Relaxing the assumptions.

496 views • 27 slides

General Equilibrium: Basics

Prerequisites. Almost essential A Simple Economy Useful, but optional Firm: Optimisation Consumer Optimistion. General Equilibrium: Basics. MICROECONOMICS Principles and Analysis Frank Cowell . November 2006 . Limitations of Crusoe model.

481 views • 27 slides

General Equilibrium: Basics

394 views • 27 slides

Efficiency: Waste

436 views • 25 slides

Convexity

Convexity. MICROECONOMICS Principles and Analysis Frank Cowell . June 2006. Convex sets. Ideas of convexity used throughout microeconomics Restrict attention to real space R n I.e. sets of vectors ( x 1 , x 2 , ..., x n ) Use the concept of convexity to define Convex functions

222 views • 19 slides

Convexity

Convexity. MICROECONOMICS Principles and Analysis Frank Cowell . Convex sets. Ideas of convexity used throughout microeconomics Restrict attention to real space R n I.e. sets of vectors ( x 1 , x 2 , ..., x n ) Use the concept of convexity to define Convex functions

525 views • 19 slides

Exercise 11.3

Exercise 11.3. MICROECONOMICS Principles and Analysis Frank Cowell . March 2007 . Ex 11.3(1): Question. purpose : solution to an adverse selection problem

244 views • 17 slides

Welfare: Fairness

Prerequisites. Almost essential Welfare: Basics. Welfare: Fairness. MICROECONOMICS Principles and Analysis Frank Cowell. Fairness: some conceptual problems. Can fairness be reconciled with an individualistic approach to welfare? How can fairness be incorporated into a model?

336 views • 10 slides