Economic functions

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  • This book is intended primarily for students on economics, business studies and management courses. It assumes very little prerequisite knowledge, so it can be read by students who have not undertaken a mathematics course for some time. The style is informal and the book contains a large number of worked examples. Students are encouraged to tackle problems for themselves as they read through each section. Detailed solutions are provided so that all answers can be checked.

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  • Part II of this book focuses on financial markets, markets in which funds are trans- ferred from people who have an excess of available funds to people who have a short- age. Financial markets such as bond and stock markets are crucial to promoting greater economic efficiency by channeling funds from people who do not have a pro- ductive use for them to those who do. Indeed, well-functioning financial markets are a key factor in producing high economic growth, and poorly performing financial markets are one reason that many countries in the world remain desperately poor.

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  • Traditional Supply Chain Management (SCM) aims at movement of goods and services from one end of this chain to the other through different stages so as to improve the efficiency, productivity and profitability of the entire process. As SCM spans across the economic functions of the entire value chain of a product or service, it is vital for a company to join in, form, or coordinate its business related supply chains, forming various kinds of business relationships.

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  • Levine explains what the financial system does and how it affects, and is affected by, economic growth. Theory suggests that financial instruments, markets, and institutions arise to mitigate the effects of information and transaction costs. A growing literature shows that differences in how well financial systems reduce information and transaction costs influence savings rates, investment decisions, technological innovation, and long-run growth rates. A less developed theoretical literature shows how changes in economic activity can influence financial systems.

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  • Overall, our analysis can be understood as one of the first cross-country empirical studies on the determinants of bank fees and as a contribution to the literature testing the contradictory empirical predictions of the SCP and ES hypotheses regarding the influence of concentration on prices in the banking industry.

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  • Financial economics plays a far more prominent role in the training of economists than it did even a few years ago. This change is generally attributed to the parallel transformation in capital markets that has occurred in recent years. It is true that trillions of dollars of assets are traded daily in ¯nancial markets|for derivative securities like options and futures, for example|that hardly existed a decade ago. However, it is less obvious how important these changes are. Insofar as derivative securities can be valued by arbitrage, such securities only duplicate primary securities....

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  • This report is produced by the Community Development Technologies Center, a regional nonprofit organization that provides training, applied research and technical assistance services in community economic development. CDTech is project director for the Los Angeles Regional Workforce Preparation and Economic Development Collaborative, a three-year pilot project to help establish an integrated workforce development system for the county.

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  • Why are we interested in solving simultaneous equations? We often have to find a point which satisfies more than one equation simultaneously, for example when finding equilibrium price and quantity given supply and demand functions.  To be an equilibrium, the point (Q; P) must lie on both the supply and demand curves.  Now both supply and demand curves can be plotted on the same diagram and the point(s) of intersection will be the equilibrium (equilibria)

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  • Tham khảo sách 'reshaping economic geography 2009', kỹ thuật - công nghệ, tự động hoá phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

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  • This report is Part I of the larger project on Internet intermediaries. It develops a common definition and understanding of what Internet intermediaries are, of their economic function and economic models, of recent market developments, and discusses the economic and social uses that these actors satisfy. The overall goal of the horizontal report of the Committee for Information, Computer and Communications Policy (ICCP) is to obtain a comprehensive view of Internet intermediaries, their economic and social function, development and prospects, benefits and costs, and responsibilities.

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  • Digital objects have characteristics, or unique features, based on their creator and function. For example, the characteristics of a hard disk sector will be different when it is used to store the contents of an ASCII text document versus a JPEG image. We can use the characteristics to identify the data. The state of an object is the value of its characteristics. If a letter were changed in an ASCII text document, then the object corresponding to the file would have a new state. Similarly, the state of a running computer process changes every time data is written to its memory....

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  • The smooth operation of these economic activities will rely on good infrastructure to support mobility. In fact, as one of the main pillars of the MP3EI, strengthening national connectivity includes the development of infrastructure as a key strategy to achieve not only regional connectivity but also a global connectivity. As an archipelagic country, developing infrastructure to better connect the regions is undoubtedly important.

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  • This paper looks at the coherence of development policies with regard to the consistency between, on the one hand, the objectives or results of a donor’s economic policies that have an impact on the countries receiving development aid, and, on the other, the objectives of the official international development cooperation policy. We have attempted to include all the economic policies that can have an impact on aid- receiving countries.

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  • In many cases your ideas can come from your own life and experiences. One of my favorite pieces of my own work is the paper I wrote on \A Model of Sales". I had decided to get a new TV so I followed the ads in the newspaper to get an idea of how much it would cost. I noticed that the prices uctuated quite a bit from week to week. It occurred to me that the challenge to economics was not why the prices were sometimes low (i.e., during sales) but why they were ever high. Who would be so foolish as to buy...

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  • Michael Hannan’s paper, for its part, has very strong links to industrial organization – in fact, I have long wanted to facilitate a discussion between organizational ecologists like Hannan and indutrial organization economists like Boyan Jovanovic, Steven Klepper, and Ariel Pakes – but it also has strong connections to organizational economics. The paper by Barbara Reskin and Denise Bielby is of course very closely related to labor economics – especially as practiced by economists like, say, Francine Blau and Claudia Goldin – and it again raises organizational issues.

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  • It is fair to say that the city, the Circuit, and the West Riding itself, have all played an important part in our legal history. Given the entrepreneurial nature of its lawyers, they are playing an important part today, and I am sure they will continue to play an equally important part in the development of the law in the future. And, rather than dwelling on the past, I thought that I would focus tonight on the present, delivering justice at a time of economic pressures, and on the future, delivering justice in...

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  • Tham khảo sách 'technology economics program q3 2012', kỹ thuật - công nghệ, cơ khí - chế tạo máy phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

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  • Tham khảo sách 'patents innovation and economic performance oecd conference', kỹ thuật - công nghệ, cơ khí - chế tạo máy phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

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  • In this chapter, you learned to: Define the terms state of nature, event, decision alternatives, payoff, and utility; organize information in a payoff table or a decision tree; compute opportunity loss and utility function; find an optimal decision alternative based on a given decision criterion; assess the expected value of additional information.

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  • Tham khảo sách 'economics and built heritage', kỹ thuật - công nghệ, tự động hoá phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

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