Mundell -Fleming Model The Mundell–Fleming model‚ also known as the IS-LM-BP model‚ is an economic model first set forth (independently) by Robert Mundell and Marcus Fleming The model is an extension of the IS-LM model. Whereas the traditional IS-LM Model deals with a closed economy‚ the Mundell–Fleming model describes an open economy. The Mundell-Fleming model portrays the short-run relationship between an economy’s nominal exchange rate‚ interest rate‚ and output (in contrast to the closed-economy
Premium Foreign exchange market Bretton Woods system Macroeconomics
CAPM is a model which enables investors to determine the expected return from a risky security. It observes the relationship between the risk of an asset (Mobil Oil) and its return. The model uses Beta as the main measure of risk. This model works under the following situations: • In a perfectively competitive market where they are many price-takers’ investors‚ who have a small market share each. • Investors behaviour is myopic • Also investments included in the model are publicly
Premium Regression analysis Variance Probability theory
• Reading – 1 Learning and refection Q: What is meant by Reflection? A: Reflection is the mind’s conversation with itself. Q: Why reflection is an important concept? A: One of the most important things about refection is that it enables us to think about our own thinking‚ about what it is that we know or have experienced. Q: The role of reflection is vital. Why is that? A: Because it is the process whereby we become aware o f what we are thinking and able to change and adapt our ideas
Premium Learning Knowledge
raises several questions towards our notion of free will when it is applied to human behavior. The garden of forking paths notion of free will attempts to model how a human can exercise free will. It essentially states that the natural way to exemplify free will is the ability to choose between different courses of action. Threats to this model arise from the thesis of determinism since‚ the thesis would suggest only one possible “choice”‚ therefore leaving a person with only one option and the free
Premium Free will Determinism Causality
SWAT model The SWAT model‚ a physically based model developed by the United States Department of Agriculture (USDA)‚ operates at a daily time step. This model has been developed on a physical‚ semi-distributive‚ scale-basin basis for continuous time and with emphasis on soil surface processes. SWAT’s sub-watersheds are divided into hydrological response units (HRUs) that have unique combinations of slope‚ land use‚ and soil type within the sub-basin and form the basic land segment for computing flow
Premium Agriculture Water Soil
y = 6k.5‚ where y is output per worker and k is capital per worker. The depreciation rate of capital is 14% per year. Households consume 90% of their income and save the remaining 10% of it. There is no government. (a) What is the steady state in this economy? Answer: (a) In steady state‚ sf(k) ’ (n + d)k 0.1 ( 6k.5 ’ (0.01 + 0.14)k 0.6k.5 ’ 0.15k 0.6 / 0.15 ’ k / k.5 4 ’ k.5 k ’ 42 ’ 16 ’ capital per worker y ’ 6k.5 ’ 6 ( 4 ’ 24 ’ output per worker c ’ .9 y ’ .9
Premium Investment Thermodynamics Economics
Aim: To find out if there is a relationship between fluid intake and urine output‚ by measuring my daily fluid intakes and urine outputs. Hypothesis: The volume of urine I will produce will be at least half of the volume of fluids I will drink‚ due to the body’s ability to carry out a water balance just as one would have on oxygen‚ carbon dioxide to maintain a healthy and working body. For example if I drink 1000cm3 of fluids then the expected amount of urine I should produce would be around 4000
Premium Blood Water Kidney
The history of the waterfall model The waterfall model which is also referred as a linear sequential life cycle model was the first model to be developed. The waterfall model is a sequential design process used in software development processes in which progress is seen as flowing steadily downwards(like a waterfall) through the phases of conception‚ initiation‚ analysis‚ construction ‚testing‚ production/implementation and maintenance. The waterfall model creation originates in the manufacturing
Free Software development process Agile software development Waterfall model
The Iowa model is one of the most effective model an administrator may use within an organization when practice change is warranted and supported by the best available evidence. The Iowa Model was developed in the 1990’s by a group of clinicians at the University of Iowa Hospital. The clinicians were members of the nursing’s research committee who were working on an evidenced based project that was within their specialties field. In 1994 the original model was published as a heuristic model. The term
Premium Health care Medicine Nursing
1. From what we have learned from the various leadership models and frameworks: a. How would you describe Jack Welch’s leadership style? Jack Welch became CEO of General Electric in April 1981. At 45 years old‚ he inherited a company that was severely decentralized and was organized with layers and layers of upper management. Immediately‚ he changed the old management style in order to correspond to the new changing environment and social needs. Furthermore‚ he created an environment that could
Premium General Electric Leadership Jack Welch