Economics Notes 2011-2012 Contents SECTION 1 – MICROECONOMICS Chapter 1 : page 2 Chapter 2 : page 6 Chapter 3 : page 10 Chapter 4 : page Chapter 5 : page 11 Chapter 6 : page Chapter 7 : page Chapter 8 : page Chapter 9 : page Chapter 10 : page Chapter 11 : page Chapter 12 : page SECTION 1 – MICROECONOMICS 1. The foundations of economics Economics – Social science‚ a study of people in society and how they interact with each other. A study of rationing systems‚ the
Premium Supply and demand Economics Costs
Properties of OLS estimators Population regression line: E(y|x)=1+2x‚ Observation = systematic component + random error: yi = 1 +2 x + ui Sample regression line estimated using OLS estimators: = b1 + b2 x Observation = estimated relationship + residual: yi =+ ei => yi = b1 + b2 x + ei Assumptions underlying model: 1. Linear Model ui = yi - 1- 2xi 2. Error terms have mean = 0 E(ui|x)=0 => E(y|x) = 1 + 2xi 3. Error terms have constant variance (independent of x) Var(ui|x)
Premium Normal distribution Variance Estimator
NOTES IN TAXATION Taxation- process or means by which the sovereign‚ through its lawmaking body‚ raises income to defray necessary expenses of the government; power of the State‚ inherent in sovereignty -indispensable and inevitable price for civilized society‚ without taxes‚ government would be paralyzed. Taxes- lifeblood of the government and their prompt and certain availability are an imperious need. Objectives of Taxation: Shifting wealth from the rich to the poor Maintaining
Premium Tax Taxation in the United States
footprint. L-The increasing sea level is beginning to remove some of the nearby beach from the center’s property. Not many regulations have been put on the science center. 2. Perform a Porter’s 5 Forces Industry Analysis as it relates to SSC. (Note: The amount of information you have about the different forces varies tremendously. Also‚ many not-for-profits like SSC have two customer groups‚ as Visitors and Donors can both be considered customers. Take this into account as you do your analysis
Premium Science festival Science museums New Hampshire
Chemistry 200 Exam 1 Review Problems 1. Calculate the number of atoms in 10.0 grams of Fe. 2. Give the mass number‚ #protons‚ #neutrons and #electrons for the isotope strontium-88. 3. Calculate the number of moles of carbon in 50.0 g of benzene C6H6 4. A substance is found to be 38.7 % C‚ 9.7 % H and 51.6 % O by mass. Its molar mass is 62.1 g/mole. What is its molecular formula? 5. Name the following: a) Ca(OH)2 b) KCN c) HClO4(aq) d) FeSO4 e) Na2O f) SF6 g)
Premium Oxygen Sodium hydroxide Mass
Peterson’s MASTER AP ENGLISH LITERATURE & COMPOSITION Margaret C. Moran W. Frances Holder 2nd Edition About Peterson’s‚ a Nelnet company Peterson’s (www.petersons.com) is a leading provider of education information and advice‚ with books and online resources focusing on education search‚ test preparation‚ and financial aid. Its Web site offers searchable databases and interactive tools for contacting educational institutions‚ online practice tests and instruction‚ and planning tools
Premium Advanced Placement Multiple choice Essay
Geography Study Notes for Exam Landforms * Formation of Canada * Step 1: hot volcanoes were located where the North American Canadian area is located. * Step 2: erosion eroded away the tops of the volcanoes making them shorter * Step 3: more erosion literally combined the volcanoes into one mass of rocky land * Step 4: the mass of land is now a hard smooth plate‚ the Canadian Shield * Step 5: the Atlantic plate crashed into the east side of Canada and the area
Premium Plate tectonics Earth Water
Cognitive Psychology revolves around the notion that if we want to know what makes people tick then we need to understand the internal processes of their mind. Cognition literally means “knowing”. In other words‚ psychologists from this approach study cognition which is ‘the mental act or process by which knowledge is acquired.’ Cognitive psychology focuses on the way humans process information‚ looking at how we treat information that comes in to the person (what behaviorists would call stimuli)
Free Psychology Cognitive psychology Cognition
1 Methods for calculating illumination The problem of the lighting designer at the functional level is to determine how many lights and where to place them to get the correct level of illumination for a given activity. These calculations can be divided into two types • We want to determine the illumination at a small specific location in the room from a point light source. Accent or task lighting. This not much more complicated than exercises we have already been doing Simply get polar plot
Premium Lighting Light
APUSH Chapter 1-5 Notes Chapter 1 Chapter One starts out with the shaping of North America. The section explains that because of the Great Ice Age and the Canadian Shield that now we have present-day America. Early evidence shows that people had already began traveling to the Americas in crude boats or going along the Bering Isthmus. Before the Europeans arrived‚ it is estimated that 54 million people already inhabited these areas of interest. Although the Europeans did not see how many people
Premium United States Americas Rhode Island