...marks) c) The ACF never converges if the series is non-stationary. (4 marks) d) OLS estimates of a non-stationary model are super consistent. (4 marks) e) The can be used to determine the goodness of fit in a GARCH framework. (4 marks) f) The null hypothesis for the Durbin-Watson and co-integration Durbin-Watson are similar. (4 marks) Question 2 (36 marks) a) Explain the role of intercept and slope dummy variables in linear regression models by using an example. Use diagrams to illustrate where appropriate. (12 marks) b) Explain the difference between parametric and non-parametric measures of volatility. Give an example for each. (12 marks) c) Outline the Hausman test and provide suggestions as to which model is to be used (random or fixed effect model) in the case that we accept / reject the null of no correlation between the individual specific effects and the explanatory variables. (12 marks)...
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............................................................................................................................................. 1 AIMS ....................................................................................................................................................... 2 SKILLS AND ABILITIES TO BE ASSESSED ....................................................................................... 2 PRE-REQUISITES OF THE SYLLABUS .............................................................................................. 3 STRUCTURE OF THE SYLLABUS ..................................................................................................... 3 UNIT 1: MICROECONOMICS MODULE 1: METHODOLOGY: DEMAND AND SUPPLY ......................................................... 4 MODULE 2: MARKET STRUCTURE, MARKET FAILURE AND INTERVENTION……...12 MODULE 3: DISTRIBUTION THEORY ........................................................................................ 17...
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...to make products and services that consumers need and desire. And it survives and thrives by charging a price that equals or exceeds the cost of delivering the products and services that consumers value. In this course, students learn how businesses optimally create and capture value and how their abilities in doing so are impacted by various market forces and the strategic interaction among players in the industry. A good understanding of the 1 economic principles that govern the distribution of value in markets is critical to formation of a successful and sustainable business strategy. Learning Objectives: Understand and apply tools, concepts, and theories from microeconomics to perform industry and demand analyses. Apply demand and supply analyses in predicting market price and related dynamics in competitive markets. Understand the key tradeoffs between high margin and high volume of sales in pricing decisions, and choose different pricing strategies according to industry/market conditions or consumer characteristics. Predict competitors' actions and reactions using basic game theoretic methods. In the context of oligopoly market, analyze the direct...
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...2014 BOOK: SUPPLY CHAIN MANAGEMENT AUTHORS:- * PROF. N.H. MULLICK * PROF. MOHD. ALTAF KHAN BOOK REVIEW:- Prof. Mullick and Prof. Khan has written this book with an objective to present a well-documented theory on supply chain management. Supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chain management is typically viewed to lie between fully vertically integrated firms, where the entire material flow is owned by a single firm, and those where each channel member operates independently. There are four major decision areas in supply chain management which are location, production, inventory and transportation and there are both operational elements in each of these decision areas .In essence, supply chain management integrates supply and demand management within and across companies. Supply chain is one way to implement Quick Response Manufacturing (QRM) and which is quite similar to Just In Time (JIT) concept. Supply chain integration reference model has four major components :- * Business process models * Material flow logistics model * Information model * Decision process model The main emphasis of book lies in explaining that Supply chain management is an integrated system of organizations...
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...CDE January 2011 UNDERSTANDING NREGA: A SIMPLE THEORY AND SOME FACTS Diganta Mukherjee Email: digantam@hotmail.com Unitedworld School of Business Kolkata Uday Bhanu Sinha Email: uday@econdse.org Delhi School of Economics University of Delhi Working Paper No. 196 Centre for Development Economics Department of Economics, Delhi School of Economics Understanding NREGA: A Simple Theory and Some Facts * Diganta Mukherjee # and Uday Bhanu Sinha Abstract A developing economy like India is often characterised by a labour market with demand and supply of labour and a wage that even if competitively determined may not be adequate for the poor household to reach their target income; what they consider as means of a decent living. Envisaging situations like these, the Indian government has implemented the National Rural Employment Guarantee Act (NREGA) in recent past, to complement the income of the poor by providing them employment for certain number of labour days in a year. In this paper, using a simple theoretical model, we have analysed the impact of NREGA scheme on (i) rural labour market, (ii) income of the poor households and (iii) overall agricultural production. It is seen that the income from NREGA alone can be a substantial part of the target income of the poor. We show that in such a situation, the poor may exhibit a backward bending supply curve of labour which may lead to an aggregate reduction in agricultural output. This adverse production effect...
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...|Management Sciences | |Sr. No. |Core Areas |Percentage | |1. |Finance |10% | |2. |Accounting |10% | |3. |Marketing |15% | |4. |Management |15% | |5. |Business Maths |10% | |6. |Business Statistic |10% | |7. |HRM |10% | |8. |Business Communication and Report Writing |10% | |9. |Micro Economics ...
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...of the feasibility study, it must be clearly understood how the project idea fits into the framework of the economic conditions and the general and industrial development of the country particularly if financial assistance is sought from a government agency such SSS, GSIS, or DBP. The project should be described in detail and the sponsors identified together with the reasons for their interest in the project. The following should be presented: A.) Project Background 1. Describe the project data. 2. List the major project parameters that serve as guiding principles during the preparation of the study : product and product mix, plant capacity and location, market or raw material orientation of project, implementation schedule and others 3. Outline the economic, industrial, financial, social and other related policies 4. Show different geographical levels, such as international, regional, national and local 5. Highlight the economic, sectoral and subsectoral project coverage B.) Project promoter and/or initiator 1. Name(s) and address(es) 2. Financial possibilities 3. Role within the project 4. Other relevant information C.) Project History 1. Historical development of the project (dates of essential events in project history) 2. Studies and investigations already performed (title, author, completion date, ordering party) 3. Conclusions arrived at, and decisions taken, from these former studies and investigations for further use within this study D.) Feasibility Study 1. Author...
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...CHAPTER 11 MONEY, INTEREST, AND INCOME Chapter Outline • The Goods Market and the IS Curve • Investment and the Interest Rate • The Slope of the IS Curve • The Role of the Multiplier • The Position of the IS Curve • A Summary of the IS Curve • The Money Market and the LM Curve • The Demand for Money • The Supply of Money, Money Market Equilibrium and the LM Curve • The Slope of the LM Curve • Shifts in the LM Curve • A Summary of the LM Curve • Equilibrium in the Goods and Money Markets • Changes in the Equilibrium Income and Interest Rate: A First Look at Policy • Deriving the Aggregate Demand Curve • Working With Data Changes from the Previous Edition One of the major problems with this chapter in the previous editions is that the material was presented in a manner that made it sound like it would be difficult, which is not true. Therefore, the long introduction has been shortened, the confusing diagram (former Figure 12-2) has been removed, and the extra part concerning outline of the chapter has been removed. The derivation of the IS curve section has been rewritten at the beginning. Box 11-1 and Box 11-2 and 11-3 are new The LM curve section has been rewritten to make it more clear, and the relevant diagrams are now side by side, which makes much more sense. The last section of the chapter is rewritten to show the comparative statics of shifts in IS and LM; this serves as a good introduction to Chapter 12. Learning...
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...Abstract This paper analyzes the demand of Information Technology during different market conditions. This paper discusses the role of IT and its significance in the current world. It also discusses various market conditions that prevailed over the last few decades and their impact on IT. This paper mainly focuses on the recent recession and how is IT impacted and transformed during these conditions. Having discussed the history of IT in different market situations, this paper throws a light on future conditions and growth in the field of IT. DEMAND ANALYSIS OF IT IN DIFFERENT MARKET CONDITIONS Introduction Demand is an economic principle that tells us about consumers' want, readiness and their capability to pay a price for a specific good or service. It is a common belief that greater the demand, greater is the price of a good or service. But, what leads to the demand of a particular good/service is a complex analysis and is different for each good/service. Any business, before development or expansion, studies the demand for its product. This study of demand is a complex process. Based on this demand analysis report, a firm leadership would decide on extension or starting of the business. The demand analysis might help determine or justify a desire for expansion in a particular sector or just to assess the health of a particular sector. Even though the demand analysis procedure is performed differently based on the type of business or study, participants...
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...SWOT Analysis Strengths JavaNet Internet Café’s business plan has much strength. The business is simple with service being easy. The advertisment could be a little more on the aggressive side to see what it is customers like, and to add to the strategy, it will make sense to aim towards more inexperienced internet users. The market for inexperienced users will be very small. Most people know how to use the internet but teaching the ones who do not will help add to the value. JavaNet Internet Café should put the focus on working with the advanced internet users. The employees will be an asset to the company since they will have the knowledge and understanding for any technical issues that may arise. They will become an asset to the team as it uses it expertise to help its customers. The company’s financial plan is very well put together and is assured to be funded. Their outline for success has also been very well researched and is very to the point. JavaNet Internet Café’s ability to figure out what risks may happen will come into play as it maneuvers it’s quality and success. Weakness The business model should be more creative and add a few more options so that they can provide for more people than just ones who want coffee and the internet. They would do good by adding maybe videogames. Video games are known to boost excitement anywhere. It is not that unique of a company to out last competers. The marketing is very unclear and is really lacking in detail. It...
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...School: Department of Business Course Number: ECON102 Course Name: Macroeconomics Credit Hours: 3 Credit Hours Length of Course: 8-Weeks Prerequisite: None | Table of Contents | Instructor Information | Evaluation Procedures | Course Description | Grading Scale | Course Scope | Course Outline | Course Objectives | Policies | Course Delivery Method | Academic Services | Course Materials | Selected Bibliography | Instructor Information | (Biography) Instructor: Dr. John Theodore Email: john.theodore@mycampus.apus.edu Phone: 727.712.1426 Office Hours: Sunday from 9 to 11 PM Table of Contents Course Description (Catalog) | ECON102 Macroeconomics (3 hours) This course is an introduction to the principles and tools of macroeconomic analysis. Macroeconomics investigates the main topics of the overall economy including Gross Domestic Product, inflation, unemployment, economic growth, recession, monetary policy and fiscal policy. We use these theories and concepts to examine the role of the government in our economy and how government makes choices. Table of Contents Course Scope | Macroeconomics is concerned with the study of the structure of an aggregate economy and its basic sub-divisions such as government, households and businesses and the relationship between these major components. It addresses the issues of economic growth, recession, unemployment, inflation, international trade, and the role of government and...
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...Course Title | BTEC National Health & Social Care | Unit Title | Anatomy and Physiology for health & social care | Level | 3 | Unit Number | 5 | Unit Credit | 10 | Assignment Title | Anatomy and Physiology for health & social care | Part Unit | | Whole Unit | Yes | Assessor | Shanroy Dehaney | Start Date | 20/05/15 | Submission Date | 10/06/15 | Feedback Date | 17/05/15 | Vocational Context | Task 1 - 3 (P1,P2,P3)You are working in a health clinic and have been asked to produce a poster to explain the functions of the main cell, tissue and body components to display in the clinic. Task 4 (P4,M1,D1)You are an advisor in your local sports centre and you have been asked to design and produce an information booklet to explain to clients how the body requires and utilises energy. This should include:Produce a written report on the body’s response to exercise. The report will be based on primary and secondary research. The report will include:Task 5 (P5,M2,D2) 1. An explanation of the concept of homeostasis and its role in exercise and healthy functioning of the body. 2. Measurements collected from practical work involving physical activity and your interpretation of them together with comments on the validity of the data collected.Task 6 (P6)Complete exercise programme and complete data form and graphs sheets | The Brief | Task 1 (P1)Using a large piece of paper, produce an annotated poster of a cell as it is seen under the microscope. You...
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...logistics and supply chain management cases Given by Yang Cheng Assistant Professor, PhD chengyangxy@gmail.com Purposes • This talk is o To outline a framework for analysing supply chain situations o This is not a prescriptive approach that can be applied without thought to all situations, rather it provides a series of checklists of factors to consider • Cases o Some deal with the full scope of an organisation’s supply chain from raw material supplies through to delivery of a finished product to the end user o Others deal with one part of the supply chain such as retailing or manufacturing o Advisable to set the specific problem in the context of the overall supply chain system Defining logistics and supply chain management The process of planning, implementing and controlling the efficient, cost-effective flow and storage of raw materials, in-process inventory, finished goods and related information from pointof-origin to point of final consumption for the purpose of conforming to customer requirements ---US Council of Logistics Management in 1986 Key features of logistics • It is concerned with movement and storage of materials • It is concerned with managing the information flows that underpin the flow of materials • Its scope ranges across the whole supply chain from point of origin of raw materials to final consumption of finished products • It requires a single logic to plan and organise this flow of materials throughout the supply chain • It has...
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...outcome in each market structure with respect to economic efficiency, identify cases in which private markets fail to allocate resources efficiently, and explain how government intervention fixes or fails to fix the resource allocation problem. It is also important to understand the determination of wages and other input prices in factor markets, and to analyze and evaluate the distribution of income. The examination contains approximately 80 questions to be answered in 90 minutes. Some of these are pretest questions that will not be scored. Property rights and the role of incentives Marginal analysis 55–70% The Nature and Functions of Product Markets 15–20% Supply and Demand • Market equilibrium • Determinants of supply and demand • Price and quantity controls • Elasticity • Price, income and cross-price elasticities of demand • Price...
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...PRELIMINARY RISK VALUATION IN INDONESIA COAL BED METHANE PROJECT (Case: PERTAMINA CBM Project) DEWI GENTANA & DEDI YUSMEN PERTAMINA CBM TEAM Gas Asia Conferences, Kualalumpur 17-18 March 2009 OUTLINE A. RISK VALUATION APPROACH & METHODOLOGY B . SUB SURFACE, SURFACE, ECONOMICS C . RISK VALUATION RESULT AND ANALYSIS D. CONCLUSION Gas Asia Conferences, Kualalumpur 17-18 March 2009 1 OVERVIEW Overlapping Oil and Gas Working Area with Coal Mining Consession Area CBM (0-1000 M) OIL AND GAS > 1000 M Casing 9-5/8” caused by Coal Mining activity at UBEP Tanjung Field Bursting Production Pipe caused by tractors at UBEP Tanjung Field Gas Asia Conferences, Kualalumpur 17-18 March 2009 2 OUTLINE A. RISK VALUATION APPROACH & METHODOLOGY Gas Asia Conferences, Kualalumpur 17-18 March 2009 3 PERTAMINA CBM RISK VALUATION MODEL (Simple Model) COUNTRY & INDUSTRY ENV. •Country Risk •Economy • •Environment •General Issue •Petroleum Legislation •Energy Balance •Competitors •Activity PROJECT ECONOMICS •Economic Indicators •Commercial Types •Taxes •Fiscal Terms SURFACE AREA (25%) PRODUCTION FACILITY BUSINESS ENVIRONMENT ECONOMIC INDICATOR LAND ACCESS PROJECT ECONOMICS (25%) TECHNICAL/SUBSURFACE GEOTECHNICAL •Data •Basin •Reserves •Play Type •Petroleum Systems •Technical Feasibility POTENTIAL RESERVE (50%) Pertamina CBM Team, 2007. (Modified From De’Ath) Gas Asia Conferences, Kualalumpur 17-18 March 2009 4 Risk...
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