Words: 3707
Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support. Grizzly the Bear Lodge Case Study Discuss how Rudy and Diane can use feed forward, concurrent, and feedback controls both nowandinthefutureattheGrizzlyBearLodgetoensuretheirguestssat isfaction. Feed Forward: Feed forward is really like preventative control. Rudy and Diane should implement plans for starting the expansion of their business.
These plans should start immediately before any expansion work starts. Feedforward control would incorporate making sure that: Plans are in place to make sure that they themselves are available as well as staff to both maintain the lodge and work on the new a next they are looking to acquire. Also how much disruption or inconvenience will this cause guests that are going to be lodging during this take over? If they are planning to hire additional staff they should allow enough time for candidates to be hired and trained be for opening then Annex.
This will mean that their current staff may have to set some valuable time away from their daily duties to training new staff. .Another example of feed forward control would be for Diane and Rudy to hire an accountant to take a look at their finances and forecast their new investment before they jump in to it. Identify any risks with the investment and set some target numbers they should me to stay afloat. The accountant may also want to look at expenses such as labor expenses and building budget, and fixed expenses.
Basically they should look at how likely are they going to succeed with their plan, what expenses will they need to consider and what kind of profit are should they anticipate. They also may want to plan out how they are going to team up with nearby business; what kind of marketing material is going to be sent out; and how much do they want to spend on this? What business are they planning on targeting and who is going to be in charge of this effort? What kind of deal is they going to make that will enable them to profit from this alliance? Will they need to hire new staff to take on this effort?
Concurrent Control: We can think of Concurrent Controls as real time. So Diane and Rudy can implement some concurrent controls to: It may be a good idea to have frequent check points during renovation, and set up of new annex. The idea here is to monitor activities in real-time; and not after the project is done. The Grizzly Bear Lodge Case Study Monitor how well their renovation of the current dining facility is running. May be even hiring someone to manage this. Ask a manager to provide constant up date son this project. How well new staff is performing.
Is the number of the new staff hired sufficient for their expanded service? Is the number too much do they need to cut back on the number of new people hired? How long is the renovation taking; is it going faster than expected or slower than expected? Where are people being directed during renovation of the existing kitchen? If the kitchen is closed down completely are they offering customers any added value for their stay? Ensure there is a plan in place so that any renovation or work is not affecting guests’ currently lodging Depending on exactly when they implement or open the new dining area for expanded improvement.
Feedback Control: Service how many customers are they getting and what issues are arising or what Feedback needs control would really be anything means of control that would take place after this new project is completed. After the renovation and the acquision of the Annex the owners should put some feedback controls in place to see how well everything went. Profit how much did they make and how much they anticipated they were going to make they need to get their financial advisor to debrief the month financial status.
How did extending the dining hours effect sales, did they get enough people to show up to make a profit, or did this actually hurt them? What was the occupancy rate for the new Annex, were they able to book all the additional rooms? Were they under booked? They can also gather feedback from surveys left for guests’ in their rooms. What did the guests feel was good what was not so good? What about the business nearby that they wanted to wanted to offer guided excursions with? Did they get enough buy in or was this something that did not really flourish?
The Grizzly Bear Lodge Case Study the Feedback they receive from these questions will help them with their feed forward controls for the New Year. They need to take these feedbacks and use them to plan for the New Year, what do they need to change; what worked well and will stay as it is? What might be some of the fundamental budgetary considerations the Conrad would have as they plan the expansion of their lodge? The Conrad need to take a look at their expenses. They currently have expenses at 230k. With the expansion they are planning they need to make sure that expenses willing crease at least in the short term.
How much more expenses can they incur? They will most likely not see a drastic increase in profit right away. They must make sure they have the cash flow and funds to cover new operating expenses, which would include renovation sand new salaries for hired staff. If their projected annual sales let’s say increases to 400k; their expenses should be less than that for them to stay afloat . They can as some their annual income will not likely be all that much if any for the first 12years. The most important factor is going to be how are they going to secure funds for buying the new annex?
Where this money is going to come from and if they finance how much do they need to bring in to cover their expenses. The expenses they can assume will increase are utilities, salaries, any kind of load payment they will need to make for the new annex, taxes, and marketing materials to advertise for their new services. They will see an increase in monies coming in from the additional rooms’ they will have to rent out but this may not be an immediate even ue source. Describe how the Conrad could use market controls to plan and implement their expansion.
The only way I see that they can use Market controls are to offer a competitive price for their lodging services compared to nearby competitors. If they can rent out room sand offer excursions at a considerably lower price than some let’s say 4or5 star resorts nearby that would be the market control strategy. Find millions of documents on Course Hero – Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education. Below is a small sample set of documents: L08-Boolean-exp1
King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum Engineering Information ; Computer Science Department ICS102 Lecture 8: Boolean Expressions Outline Introduction JavaComparisonOperators EvaluatingBooleanExpressions Pitfall:Usin… L07-Selection1 King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum Engineering Information ; Computer Science Department ICS102 Lecture 7: Selection Structures Outline Blockstatement BranchingStatements Simpleifstatement ifelsestatement ifelseelse…
L06-FileIO1 King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum Engineering Information ; Computer Science Department ICS102 Lecture 6: File Input Output December6,2010 Outline TextFiles Stream ReadingfromaTextFileusingScanner WritingtoaFile … L05-ConsoleIO1 King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum
Engineering Information ; Computer Science Department ICS102 Lecture5 : Screen Output and Console Input December6,2010 System. out. println To write of the screen: System. out. println… L04-String-class1 King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum Engineering Information ; Computer Science Department ICS102 Lecture 4: String Class Outline TheStringClass ExplicitStringObjects StringvariablesareReferences StringMethods EscapeS… L02-Exp-assignment1
King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum Engineering Information ; Computer Science Department ICS102 Lecture 2: Expressions and Assignment Outline DeclarationStatements PrimitiveDataTypes Identifiers AssignmentStatemen… L01-Intro-comp1 King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum Engineering Information ; Computer Science Department ICS102 – Introduction to computing Lecture 1 : Introduction Components of a Personal Computer Questions : – what are the input…
L00-Course overview King Fahd University of Petroleum ; Minerals ;; ICS ;; 102 (Fall, 2010) King Fahd University of Petroleum Engineering Information ; Computer Science Department ICS102 – Introduction to computing Overview Course overview Introduction to Computing Overview of computers and computing. In… ch04_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010) Miscellaneous Homework #1, Due Wednesday, Sept. 1st 11:30pm Homework #2, Due Wednesday, Sept. 8th 11:30pm We might reach Chapter 5 by end of this week, but HW #2 will only contain questions from Chapter 4.
THE MARKET FORCES OF SUPPLY AND DEMAND 0 CHAPTER… ch05_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010) CHAPTER 5 Elasticity and its Application Microeconomics PRINCIPLES OF N. Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update In this chapter, look for the answers to these questions: What is elasticity? What ki… ch06 Texas A;M ;; ECON ;; 2302 (Fall, 2010) CHAPTER 6 Supply, Demand, and Government Policies Microeconomics PRINCIPLES OF N.
Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update In this chapter, look for the answers to these questions: What are price cei… ch08and12_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010) CHAPTER 8 Application: The Costs of Taxation Microeconomics PRINCIPLES OF N. Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update In this chapter, look for the answers to these questions: How does a tax affect c… ch13_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010)
CHAPTER 13 The Costs of Production Microeconomics PRINCIPLES OF N. Gregory Mankiw Premium PowerPoint Slides by Ron Cronovich 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update In this chapter, look for the answers to these qu… ch14_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010) CHAPTER 14 Firms in Competitive Markets Microeconomics PRINCIPLES OF N. Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update In this chapter, look for the answers to these questions: What is a perfectly competit… h15_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010) CHAPTER 15 Monopoly Microeconomics PRINCIPLES OF N. Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update In this chapter, look for the answers to these questions: Why do monopolies arise? Why is MR ; P for a mo… ch17_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010) CHAPTER 17 Oligopoly Microeconomics PRINCIPLES OF N.
Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update Oligopoly Oligopoly: a market structure in which only a few sellers offer similar or identical products. … ch18_micro2302_002_fall2010 Texas A;M ;; ECON ;; 2302 (Fall, 2010) CHAPTER 18 The Markets for the Factors of Production Microeconomics PRINCIPLES OF N. Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update FIGURE 1: The Circular-Flow Diagram Revenue G S… Chap 22 Texas A;M ;; ECON ;; 2302 (Fall, 2010)
CHAPTER 22 Frontiers of Microeconomics Microeconomics PRINCIPLES OF N. Gregory Mankiw 2010 South-Western, a part of Cengage Learning, all rights reserved 2010 update In this chapter, look for the answers to these questions: How does asymmetric informati… Lab2 McGill ;; ECSE ;; ECSE 493 (Spring, 2010) Experiment 2: The Design, Fabrication and Testing of Analog IC Amplifiers ECSE 434 PRELAB NOTES This lab is divided into two parts: the first part involves the design of an integrated differential pair, and the layout of the differential amplifier and out… Assignment2sol
University of Toronto ;; MAT ;; mat235 (Fall, 2010) MAT235-CALCULUS II, FALL 2010 ASSIGNMENT #2, Solutions Problem 1 Identify and sketch the quadric surface consisting of all points (x, y, z ) with x y 2 + 2y + z 2 = 2. Justify your answer carefully. It is recommended that you try to sketch with pencil so … cheatsheet Cornell ;; CS ;; 1112 (Spring, 2010) IMPROPER INTEGRALS p if p ; 1 converges 1 dx/x if p 1 diverges Direct Comparison: g(x) f(x) if g(x)dx C, so does f(x)dx if f(x)dx D, so does g(x)dx Limit Comparison: If lim g(x) = L then a f(x)dx and a g(x)dx x f(x) both C or D INFINITE SERIES 1) Check if…
ExamSheet Cornell ;; CS ;; 1112 (Spring, 2010) Vectors and the Geometry of Space Angle between two vectors: Projection of u onto v: Triple scalar product of u, v, and w: Distance from point S to the line through P parallel to v: Distance from point S to the line through P normal to n: Partial Derivati… Acid-Base Titrations Lab BU ;; CHM ;; 311 (Spring, 2010) Marta Godlewska Lab Section: Friday at 8 a. m. Lab Date: 3/26/2010 Lab Instructor: Zhouxi Title: Acid Base Titrations Introduction: In this experiment, we were given an unknown solution containing a certain concentration of acetic acid.
The purpose of this… Thomas__Calculus_11th_Edition Cornell ;; CS ;; 1112 (Spring, 2010) 4100 AWL/Thomas_ch01p001-072 8/19/04 10:49 AM Page 1 Chapter 1 1. 1 PRELIMINARIES OVERVIEW This chapter reviews the basic ideas you need to start calculus. The topics include the real number system, Cartesian coordinates in the plane, straight lines, parab… 09-13 Cornell ;; CS ;; 1112 (Spring, 2010) Auctions-Ascending Bid (English). The person who bids the most wins the good. Descending Bid (Dutch)-Really high bid, starts high, then puts it lower and keeps going lower until someone raises their hand that they want to buy.
At that point the person get… 09-15 Cornell ;; CS ;; 1112 (Spring, 2010) Graphs-Structure Games-Behavior Bring these together”Markets -Networks of particpants (buyers, sellers) -Interactions First:Matching-allocation of resources Then Add:buyers, sellers, prices Later:intermediaries VWX all want 2 rooms which is not good. VWX … AE245_hw8 Ryerson >> AER >> 234 (Fall, 2010) AE 245 Performance of Aircraft and Spacecraft Homework Set #8 due 4/3/2000 Problem 1. A spacecraft is in a 400 km altitude circular orbit about the Earth; the orbital plane has an inclination angle of 20 degrees with the equatorial plane.
What is the V re… 09-17 Cornell >> CS >> 1112 (Spring, 2010) Midterm- Oct 6. Study by doing end of chapter problems. Given a set of prices, the preferred-seller graph is the bipartite graph where each buyer is linked to their highest payoff seller(s) “Tie-Breaking” Among multiple favorites Find M to -> To max total… Network 9. 1 Cornell >> CS >> 1112 (Spring, 2010) Today: CH 5 Positive and Negative Links. Friday: Game Theory -Read Chps 1-3 Office Hrs start: Schedule on web HW 1 Given OutDue Sep 8 Start of Class Blog Posts Where would negative and positive work?
Examplesworkplace/Office Politics 2)Sports-btwn Teams, … Application of arrays, sorting and searching Simon Fraser >> CS >> 128 (Fall, 2010) CMPT 128: Introduction to Computing Science for Engineering Students Applications of Arrays Sorting and Searching Janice Regan, CMPT 128, Feb. 2007 0 Putting numbers into order There are many approaches to taking an array of numbers and putting those num… Defining Macro Variables — GDP UChicago >> ECON >> 4011 (Spring, 2010) Econ 1021 Fall 2009 Reading:Chapters 5 (sections 1 – 4, 5. ); Chapter 6 fromMacroeconomicsinContext Defining Macro Variables: Gross Domestic Product Outline: 1. Some data 2. Defining GDP 3. How is GDP calculated? 4. Is GDP a measure of well-being? 5. How … Defining Macro Variables — Inflation UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Reading:Chapter 5, pp. 111 113 fromMacroeconomicsinContext Defining Macro Variables: Inflation Outline: 1. Defining Inflation 2. Definition and comparison of various measures of inflation 3. Using price indexes 4. The costs of inflatio… Chapter 018_PPP Berkeley >> ECON >> 136 (Fall, 2010)
CHAPTER 18 Equity Valuation Equity Models Models Investments, 8th edition Bodie, Kane and Marcus Slides by Susan Hine McGrawHill/Irwin Copyright2009byTheMcGrawHillCompanies,Inc. Allrightsreserved. Models of Equity Valuation Valuation by comparables (see T… Defining_Macro_Variables_–_Unemployment-1 UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Reading:pp. 149157,162166,203208from MacroeconomicsinContext Defining Macro Variables: Unemployment Outline: 1. Defining & Measuring the unemployment rate 2. Other Labor Market statistics 3. Does the unemployment rate capture the severi… Demand and Supply part 1
UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Part 1 of 2 Reading:pp. 7281from MacroeconomicsinContext SUPPLY QUANTITYDEMANDED SUPPLYANDQUANTITYSUPPLIED Definitions;Demandscheduleandcurve… Arrays and functions Simon Fraser >> CS >> 128 (Spring, 2010) CMPT 128: Introduction to Computing Science for Engineering Students Introduction to 2-D Arrays Janice Regan, CMPT 128 January 2007 0 Matrices A matrix or two-dimensional array is a set of number arranged in a grid with rows and columns. A matrix is defi… Demand and Supply part 2 UChicago >> ECON >> 1021 (Spring, 2010)
Econ 1021 Fall 2009 Part 2 of 2 Reading:pp. 8183,8588from MacroeconomicsinContext SUPPLYDEMANDFIXED SHIFTINGBOTHDEMANDSUPPLYFIXED OUTLINE: ShiftsinDema… Study Guide for Midterm 2 UCSB >> ECON >> 114 (Summer, 2010) StudyGuideforMidterm2 Econ114,Summer2010 I. Chapter7:Productivity a. Productivity i. Howdoesproductivityandproductivitygrowthdifferacross countries? ii. Howmuchofthevariationofincomepercapitaandincomegrowth ratesacrosscanbeexplainedbydifferencesinproduct… Developing a Macro Model — Introduction UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Reading:pp. 15118,203212,250252from MacroeconomicsinContext DevelopingaModelofthe MacroeconomyIntroduction Outline 1. Introduction & Motivation 2. The Macroeconomys Circular Flow a) b) hh and firms Incorporate govt and foreign sectors … Intro notes UChicago >> ECON >> 1021 (Spring, 2010) Introduction Econ 1021 Click to edit Master subtitle style 12/3/10 What is economics Alfred Marshall: Economics is a study of mankind in the ordinary business of life. It examines that part of the individual and social action which is most closely connect… Introduction UChicago >> ECON >> 1021 (Spring, 2010)
Reading: chapters 1 & 3 from Macroeconomics in Context Macroeconomics Introduction Econ 1021 Fall 2009 Copyright 2004 South-Western/Thomson Learning What is Economics?. . . From Alfred Marshall, we have Political Economy, or Economics, is a study of mank… Monetary Policy in the Keynesian Model — numerical UChicago >> ECON >> 1021 (Spring, 2010) MonetaryPolicyintheKeynesian Model Basicidea IncrMsdecrrincrIIincrAD increquilibY BasicModel C=1000+. 8(YT) T=1800+. 2YX=2000 G=1200IM=200+. 1Y II=2840(460)(r) MS=1300Md=1600(100)(r) Rreq=20%ER=currency=0 Solveforequilibriuminmoneymarket FindrsuchthatqtyMs…
Money & Monetary Policy UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Reading:pp. 258270,273282,289290from MacroeconomicsinContext Money what is monetary policy? 3. How does the Fed conduct monetary policy? 4. What determines money d… Open Economy Macro UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Reading:pp. 345348,351356from MacroeconomicsinContext Foreign Exchange Markets & Open Economy Macroeconomics Outl i ne: Defi ni ng the nomi nal FXR Char acter i zi ng the FX M ar ket Revi si t: NX = NFI Appr eci ati on and depr eci ati… Summing Up
UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 CHAPTER Fall 2009 Reading: chapter 15; pp. 282-284; chapter 10, section 2 (pp. 240-249), all from Macroeconomics in Context Summingup: MacroeconomicPolicyDebates 1. Shouldpolicymakerstrytostabilizetheeconomy? 2. ShouldMPbemadebyruleordiscretion? 3… The Classical Model UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Reading:pp. 158162,212215,239244,31415,and 323324fromMacroeconomicsinContext TheClassicalModel oftheMacroeconomy 1. 2. 3. 4. 5. 6. Introduction Thelabormarket Theloanablefundsmarket Fiscalpolicy&impactintheclassicalmodel Businesscyclesi…
Study Guide 3 UCSB >> ECON >> 114 (Summer, 2010) Study Guide for Final Exam (Please note that the final will be comprehensive, and thus will cover material from the Midterm 1 and Midterm 2 study guides as well. ) I. Chapter 12: Governance a. Colonialism i. Recent independence of many low income countries… Study Guide 1 UCSB >> ECON >> 114 (Summer, 2010) StudyGuideforMidterm1 Econ114,Summer2010 I. Chapter1&2:Introduction a. MeasuresofDevelopment i. GDPpercapita 1. ComparingacrosscountriesPPP 2. Criticisms ii. GDPgrowthrates 1. Calculations iii. HumanDevelopmentIndex(HDI) 1.
Measureofqualityoflife(educati… Problem Set 4 UCSB >> ECON >> 114 (Summer, 2010) DueSeptember8th,2010 1. Ch. 13IncomeInequity a. ExplaintheintuitionbehindtheKuznetscurve(bothincreases andthendecreasesinincomeinequalityasacountrydevelops. ) b. CalculatetheGiniCoefficientfortheeconomyrepresentedbythe Lorenzcurveinthegraphbelow. ProblemS… Problem Set 4 Solutions UCSB >> ECON >> 114 (Summer, 2010) ProblemSet4Solutions DueSeptember8th,2010 1. Ch. 13IncomeInequity a. ExplaintheintuitionbehindtheKuznetscurve(bothincreases andthendecreasesinincomeinequalityasacountrydevelops. Asacountrydevelops,incomeinequalitytendstoincreaseandthen decrease,asdescribe… Final Answer Key UCSB >> ECON >> 114 (Summer, 2010) Final Exam Answer Key Multiple Choice Questions Version A 1. D 2. B 3. D 4. C 5. C 6. B 7. B 8. B 9. D 10. A 11. C 12. A Version B 1. B 2. D 3. A 4. C 5. B 6. C 7. C 8. D 9. A 10. D 11. C 12. B Short Answer Questions Suppose that the economy of Namibia can… Final Exam UCSB >> ECON >> 114 (Summer, 2010) Final Exam Version A FinalExam Econ114 September10th,2010 Name:_ StudentID:_ MultipleChoiceAnswers(Worth48points) 1. _ 2. _ 3. _ 4. _ 5. _ 6. _ 7. _ 8. 9. _ 10. _ 11. _ 12. _ 1 Final Exam Version A MultipleChoiceQuestions~worth4pointseach 1. Lookingatdata… Midterm 1 Answer Key UCSB >> ECON >> 114 (Summer, 2010) Midterm 1 Answer Key Multiple Choice Questions Version A 1. B 2. C 3. B 4. D 5. C 6. A 7. B 8. C 9. A 10. C Short Answer Questions Version B 1. B 2. C 3. A 4. B 5. C 6. B 7. D 8. C 9. A 10. C a. Higher b. kss= 31. 6, yss = 6. 3 c. k = 8 d. y = 4. 06, growth … Midterm 2 UCSB >> ECON >> 114 (Summer, 2010) Midterm 2 Version A Midterm2 Econ114 August27th,2010 Name:_ StudentId:_ MultipleChoiceAnswers 1. _ 2. _ 3. _ 4. _ 5. _ 6. 7. _ 8. _ 9. _ 10. _ 1 Midterm 2 Version A MultipleChoiceQuestions~worth4pointseach 1. Whendescribingthevariable,A,intheSolowGr… Midterm 2 Answer Key UCSB >> ECON >> 114 (Summer, 2010) Midterm 2 Answer Key Econ 114, Summer 2010 Multiple Choice Questions Version A 1. C 2. D 3. C 4. A 5. A 6. B 7. B 8. D 9. B 10. B Version B 1. B 2. C 3. C 4. D 5. D 6. B 7. B 8. C 9. B 10. D Short Answer Questions Economicdevelopmenttendstobeaccompaniedb… Practice Problem Solutions 3 UCSB >> ECON >> 114 (Summer, 2010) PracticeProblemSolutions Ch. 12:Governance 1. a. Marketfailurecoordinationfailure.
Thisactionpromoteseconomic growth. b. Marketfailurepublicgood. Thisactionpromoteseconomicgrowth. c. GovernmentFailureselfservingpolicy. Thisactiondoesnot promoteeconomicgrowth…. Practice Problem Solutions UCSB >> ECON >> 114 (Summer, 2010) Practice Problem Solutions Chapter 1: #5 $ 23 ,971 = 1, 433 (1 + r ) 100 (1 + r ) = 1 . 0286 r = 2 . 86 % GDP 2100 = $ 23 ,971 (1 . 0286 ) 100 GDP 2100 = $ 400 , 987 #6 $36,806 = $4,650 (1. 019) n n= ln(7. 915) 109. 9 ln(1. 019) year = 2005 110 = 1895 #7 $36,80… The Keynesian Model UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 FALL 2009 Reading:pp. 58162(again),215229,234240,250 252,254257,315316,and324325from MacroeconomicsinContext The Keynesian model of the macroeconomy Outline : 1. Introduction 2. The labor market 3. Characterizing AD in a closed economy a) The Ke… The Production Possibilities Frontier (PPF) Model UChicago >> ECON >> 1021 (Spring, 2010) Econ 1021 Fall 2009 Trade-offs & Opportunity Costs Reading: pp. 28-34 from Macroeconomics in Context The Production Possibilities Frontier (PPF) Model Defining the Production Possibilities OptionPizzasComputers A 0 150 B 20 140 C40120 D60 90 E80 50 F 100 … French Presentation
UChicago >> ECON >> 1021 (Spring, 2010) Mon Stage LArchet II Nabil Salem Click to edit Master subtitle style 12/3/10 Archet II Un Hpital de la groupe CHU de Nice Ouvert 1979, rouvert 1996 Connu pour loncologie/ hmatologie, et radiologie Le premier des CHU dtre modernis 12/3/10 Mon Stage Chi… hicksiandemandslides UChicago >> ECON >> 1021 (Spring, 2010) Hicksian Demand Consumer Choice: Constrained Expenditure Minimization dual problem to constrained utility maximization minimize expenditures subject to a fixed level of utility, where E = p1x1 + p2x2 + +pnxn (identical to our budget line) derive demand e… FLASHCARDS