Academic year 2013/14 LM Economics and Market Policy Applied Microeconomics C Benassi corrado.benassi@unibo.it Office hrs: Mon 11-12 6 hrs per week - 10 weeks ————————————————————— Course outline: 1. General introduction 2. Consumption and Demand Theory: (a) Basic issues in the theory of consumer’s choice: preferences and budget constraints‚ demand functions and their properties; (b) Duality in consumption; Applications: (a) Applied analysis and expenditure systems; (b) Separability
Premium Economics Utility Welfare economics
Principles of Macroeconomics / Microeconomics Your Name:___Yurui Yao_____________________ Instructor: Jim Borer‚ MBA Homework Assignment #3 due by 11:59 PM on February 7 (100 points) Part 1: Answer the following multiple choice (MC) questions (you may highlight‚ bold‚ or enter a letter in the blank – 2 points each): 1. __D____ If the price of a sub sandwich increases by 2% and the quantity demanded falls by 5%‚ then there will be a. an increase in the price elasticity of demand. b. an increase
Premium Supply and demand Price elasticity of demand Elasticity
Sample questions for the Microeconomics Midterm Exam Summer 2013 The exam will cover chapters 1‚ 2‚ 3‚ 4‚ 5 and 6 There will be 100 minutes allowed to complete the exam. You will have three types of questions: multiple choice‚ true or false and explain‚ and analysis problems. True or False and Explain (Remember that there is one mark for True or False and 4 marks for your explanation) 1. Economics is only interested in fairness not efficiency. 2. If the marginal
Premium Supply and demand
Businesses using e-commerce need to advertise. This can be done by advertising in newspapers‚ on the radio‚ on television‚ public speaking‚ posters and flyers and even online. Sponsoring your site in search engines ~ Most people look for things on the internet‚ by using search engines‚ especially if you don’t know the web address. These include‚ Google‚ Ask Jeeves and Bing. When you search something‚ a list pops up of all the web addresses‚ with the word‚ or phrase that you typed in. There’s a competition
Premium World Wide Web Internet Search engine optimization
Economics and financial management consist of two major components: microeconomics and macroeconomics. These two components are interchangeable and act as the foundation to the core concepts to understanding the enormous arena of the financial world. Macroeconomics can be defined in several business terms‚ but simple put‚ it is the branch of economics that studies the economy of consumers or households or individual firms. Microeconomics basically deals with the choices and assessments made by businesses
Free Economics
1 Supply and Demand Analysis Supply and Demand Analysis Ras Jones Galen University Intermediate Microeconomics (210) Mrs. Ivanka Magana March 4th‚ 2013 2 Supply and Demand Analysis Table of Contents Abstract Acknowledgement Introduction Modeling and Forecasting Demand of Cereal in Nepal Modeling and Forecasting Demand for Cereal in Nepal Assessing the Cereal Supply Deficit or Surplus Conclusions References 3 4 5 3 Supply and Demand Analysis Abstract The purpose of this paper
Premium Supply and demand
©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 1 Themes of Microeconomics Microeconomics deals with limits that economic agents (consumers‚ workers‚ firms‚ etc) face: Limited budgets Limited time Limited ability to produce How do we make the most of limits? How do we allocate scarce resources? ©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 2 Themes of Microeconomics Limited resources (constraints) Choices must be made Unlimited
Premium Supply and demand Economics Market economy
HERMES OUTSTRIPES DEMAND AND SUPPLY Based on Bloomberg article by Andrew Roberts‚ November 4 2011 Hermes wanted to build two more factory because they reach their full target until 4 November and since they know they quantity demand will always increase‚ their goal in 2012 to raise the quantity demand until 14 percent. They think Europe debt crisis would not effect their selling on 2011. They are thinking about increasing the price of their product due to the increase price for raw materials
Premium Supply and demand Luxury good
Reading: Microeconomics of Customer Relationships Reading: Microeconomics of Customer Relationships The follow is a critique and review of the reading of Microeconomic of Customer Relationships by Fred Reichheld. I will review the article and evaluate Mr. Reachheld. I will also apply economic theories into why and how I came to my conclusions. Overview on the Reading Microeconomic of Customer Relationships by Fred Reichheld is based on a simple survey based customer-relationship metric
Premium Supply and demand Economics Microeconomics
Analysis 3: Strategies for Profit Maximization in the Market of Fuel-Efficient Cars “In the past‚ nothing slowed down strong car sales faster than a spike in gasoline prices.” Gasoline and normal cars are strong complements because gasoline is necessary for cars to operate and forms the large bulk of the cost of owning a car. The quantity demanded for cars decrease more than proportionately to the increase in prices of gasoline. “These days‚ consumers simply switch to more fuel-efficient
Premium Internal combustion engine Energy conservation Automobile