Christopher Ragan Leacock 321-C Economics 295B Introduction to Macroeconomic Policy Tuesdays and Thursdays‚ 4:00 pm – 5:30 pm‚ Leacock 132 ***** I. Housekeeping Details 1. Office Hours. My office hours are Tuesdays and Thursdays from 10:00 am - 11:00 am. If you are unable to see me then‚ please speak to me to arrange an appointment. 2. Required Textbook and MyEconLab. The textbook for this class is the macroeconomics half of Economics‚ by C. Ragan and R. Lipsey (13th Canadian Edition
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In an attempt to integrate real-world investment management experience into the classroom‚ our class was assigned to make and manage a portfolio of different chosen securities. With teams of no larger than two individuals‚ we were given $1‚000‚000 in fantasy money to invest‚ track and write about our results. At the project initiation time‚ we thought it was smart to first purchase some securities that we were already familiar with and have in our personal portfolio’s. This allowed us to purchase
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Artificial Neural Networks in Real-Life Applications Juan R. Rabuñal University of A Coruña‚ Spain Julián Dorado University of A Coruña‚ Spain IDEA GROUP PUBLISHING Hershey • London • Melbourne • Singapore TEAM LinG Acquisitions Editor: Development Editor: Senior Managing Editor: Managing Editor: Copy Editor: Typesetter: Cover Design: Printed at: Michelle Potter Kristin Roth Amanda Appicello Jennifer Neidig Amanda O’Brien Jennifer Neidig Lisa Tosheff Yurchak Printing Inc. Published
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Principles of Individual Decision-Making Every day‚ people make decisions of varying degrees of importance. According to Hubbard & O’Brien‚ the issues discussed in economics are illustrated by a basic fact of life: that people must make choices as they try to attain their goals. Economics is the study of the choices people make to attain their goals given their scarce resources (Hubbard & O’Brien‚ 2010). Each individual will vary as to the outcome of their decision based on the situation‚ but the
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How is heroism recognized in the real world? How is the ability to persist and to be brave important to our daily lives? When someone goes through a difficult situation or problem with bravery and perseverance and attempts to come out of the situation making the world a better place‚ it makes them of a heroic nature. Anyone could be apprehensive and give up‚ but it takes a real hero to have courage and press on. Because heroism involves courage and perseverance‚ a hero must be brave and persistent
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• Micro vs. Macro • Microeconomics – the study of how individual households and firms make decisions and how they interact with one another in markets. • Macroeconomics – the study of the economy as a whole. – Its goal is to explain the economic changes that affect many households‚ firms‚ and markets at once. • The Two Groups of Economists • Macroeconomists • Focus on the economy as a whole. • Spend much time analyzing how total income changes and how changes in income cause changes in
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Real Life Application for Congruent Integers and modulus. The modulus m = 12 is often used and applied in everyday life‚ for example‚ the most used and common of all ---"clock arithmetic" analogy‚ in which the day is divided into two 12-hour periods. Take for example‚ if it is 5:00 now‚ what time will it be in 25 hours? Since 25 ≡ 1 mod 12‚ we simply add 1 to 5: 5 + 25 ≡ 5 + 1 ≡ 6 mod 12. Usual addition would suggest that the later time should be 5+25=30‚ however‚ this is not the answer because
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Running head: QUADRATIC FUNCTIONS 1 Real World Quadratic Functions Gail Frazier MAT 222 Week 4 Assignment Instructor: Simone Danielson March 6‚ 2014 Real World Quadratic Functions [no notes on this page] -1- QUADRATIC FUNCTIONS 2 Quadratic functions are perhaps the best example of how math concepts can be combined into a single problem. To solve these‚ rules for order of operations‚ solving equations‚ exponents‚ and radicals must be used. Because multiple variables
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Real World Quadratic Functions Maximum profit. A chain store manager has been told by the main office that daily profit‚ P‚ is related to the number of clerks working that day‚ x‚ according to the function P = −25x2 + 300x. What number of clerks will maximize the profit‚ and what is the maximum possible profit? In order to find the point at which profit is maximized‚ I must find the critical points of the first derivative of the equation. Coefficient of x^2 is negative‚ so
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Conditions under which decisions are made are as follows: Certainty This is when individuals are informed about a problem‚ alternative solutions are obvious and the likely of each solutions are clear. With this condition you have everything under control as you know that should something happen‚ you already have measures in place to take care of that situation. An example is in the case whereby you are involved in a car accident‚ say when you take insurance for your car you add the option of being
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