Econ 302 Exam 2 McLeod Name (please print): __________________________________________________________ Penn State ID #: __________________________________________________________ Please write all answers in the spaces provided. Please show your work in order to receive any partial credit on this exam. 1. (16 points) Suppose a firm has a production function given by Q = L1/2K1/2. Therefore
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Asset Pricing: Term Paper Topic: Optimal Monetary Policy in the Presence of Asset-Prices Fluctuation I. Why I choose this topic: I interest in the role of asset prices that make a fluctuation of social welfare‚ because there are many crisis that occur from the financial sector. I try to find the papers that have clear explanation on the structure of economy. Specifically‚ how asset prices affect the economy and‚ then‚ how monetary policymakers should response to this effect. Eventually‚
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Life Course Theory: Role it plays in Relation between health and social causation Life Course Approach to an individual’s development began in the twentieth century‚ and was a full-fledged theory by the 1990’s. Giele and Elder define a life course as “a sequence of socially defined events and roles that the individual enacts over time” (qtd. in “Life Course Theory”). The discipline involves studying the development of individual development holistically‚ and as a part of socio-historical‚ geographical
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Keep Our Rights; Lose the Real-Life Violence Popular culture can easily be defined as today’s trends‚ music‚ film‚ TV‚ vocabulary‚ video games and fashion (in this essay‚ only film‚ TV and video games will be discussed). It can be seen and heard at anytime‚ anyplace‚ it’s literally everywhere. It can be seen my millions‚ including our youth. However‚ some might argue that that is a negative matter‚ and that we as a society need to regulate what our youth can and cannot view. Government intervention
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Is There ‘Real Science’ in “The Martian”? The movie “The Martian” has won so many awards since its release in 2015. The movie‚ the director‚ and the actors all won different kinds of awards such as a Satellite Award‚ many Golden Globe awards‚ and People’s Choice Award. But many people‚ science enthusiasts and all‚ have doubted the reality of the movie. Does the science used in the movie make sense? If someone were to actually become stranded on Mars and did everything main character Mark Watney did
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Psychopathology Based on Life History Theory: A Landmark Formulation” and is written by Dr. Riadh Abed. 2. Give a short description of the background of the reading and its author. In this article Dr. Abed‚ a consultant psychiatrist‚ provides proposals on how life history theory (LHT) can be applied “to the classification of psychopathology and mental disorder” (Abed‚ 2014‚ p. 301). LHT is a branch of ecology and evolutionary biology; it aims to predict the observed patterns in the life histories of living
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Otman Javier Gordillo To what extent game theory is a helpful approach to the financial markets Game theory is the science that mathematically captures the behaviour of agents (humans‚ nations or animals) in strategic situations (when the individual success depends on the choices of others players). Before it‚ election choice was framed in the idea of individual election without interaction among agents‚ situation that biased social sciences’ analysis because in many cases‚ one agents’ response
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Game Theory and Financial Market Regulation -- Chen Sun This paper examines the rationale for regulation of financial market by using game theory models. The paper first introduces Game Theory‚ examines the necessity of normal market regulation by using Game Theory‚ and finally applies Game theory models to Financial information market and concludes that‚ to achieve a healthy financial market‚ regulation is necessary to 1) increase cost of financial information manipulation and 2) bring back the
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The Real Apology the American People Needed On September 11‚ 1998‚ President Clinton gave his infamous speech he titled “I have Sinned” at the Prayer Breakfast. In this speech‚ he addressed the issue of having a sexual relationship with a woman named Monica Lewinsky and apologized for his actions. The nature of his first speech seemed more of “self-defense” rather than the apology the American people wanted to hear (59). In the attempt to have a successful speech‚ President Bill Clinton had
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There are many theories that have been developed to try to explain why criminal behavior takes place. The age old debate as to the true source of criminal tendencies leads to two separate thoughts; nature versus nurture. Are we born criminals or does our environment influence our propensity to conduct criminal acts? Two such theories are the life-course theory and the evolutionary neuroandrogenic (ENA) theory.The Life-course theory establishes the connection between a pattern of life events and the
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