Download or read book Cost Curves and Supply Curves written by Jacob Viner and published by Springer. This book was released on 2013-12-21 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risky Curves written by Daniel Friedman and published by Routledge. This book was released on 2014-02-05 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory has not yet been able to do better than supposedly naïve models that use rules of thumb, or that focus on the consumption possibilities and economic constraints facing the individual. The authors assert this by first revisiting the origins of orthodox theory. They then recount decades of failed attempts to obtain meaningful empirical validation or calibration of the theory. Estimated shapes and parameters of the "curves" have varied erratically from domain to domain (e.g., individual choice versus aggregate behavior), from context to context, from one elicitation mechanism to another, and even from the same individual at different time periods, sometimes just minutes apart. This book proposes the return to a simpler sort of scientific theory of risky choice, one that focuses not upon unobservable curves but rather upon the potentially observable opportunities and constraints facing decision makers. It argues that such an opportunities-based model offers superior possibilities for scientific advancement. At the very least, linear utility – in the presence of constraints - is a useful bar for the "curved" alternatives to clear.
Download or read book Cost Curve written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-29 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Cost Curve In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to decide output quantities. There are various types of cost curves, all related to each other, including total and average cost curves; marginal cost curves, which are equal to the differential of the total cost curves; and variable cost curves. Some are applicable to the short run, others to the long run. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Cost curve Chapter 2: Perfect competition Chapter 3: Profit maximization Chapter 4: Minimum efficient scale Chapter 5: Marginal cost Chapter 6: Production function Chapter 7: Average cost Chapter 8: Marginal product Chapter 9: Diminishing returns Chapter 10: Economic cost Chapter 11: Isoquant Chapter 12: Conditional factor demands Chapter 13: Total cost Chapter 14: Average variable cost Chapter 15: Long run and short run Chapter 16: Supply (economics) Chapter 17: Shutdown (economics) Chapter 18: Marginal product of labor Chapter 19: Long-run cost curve Chapter 20: Socially optimal firm size Chapter 21: Expansion path (II) Answering the public top questions about cost curve. (III) Real world examples for the usage of cost curve in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Cost Curve.
Download or read book Modeling Income Distributions and Lorenz Curves written by Duangkamon Chotikapanich and published by Springer Science & Business Media. This book was released on 2008-09-16 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jean-Jacques Rousseau wrote in the Preface to his famous Discourse on Inequality that “I consider the subject of the following discourse as one of the most interesting questions philosophy can propose, and unhappily for us, one of the most thorny that philosophers can have to solve. For how shall we know the source of inequality between men, if we do not begin by knowing mankind?” (Rousseau, 1754). This citation of Rousseau appears in an article in Spanish where Dagum (2001), in the memory of whom this book is published, also cites Socrates who said that the only useful knowledge is that which makes us better and Seneca who wrote that knowing what a straight line is, is not important if we do not know what rectitude is. These references are indeed a good illustration of Dagum’s vast knowledge, which was clearly not limited to the ?eld of Economics. For Camilo the ?rst part of Rousseau’s citation certainly justi?ed his interest in the ?eld of inequality which was at the centre of his scienti?c preoccupations. It should however be stressed that for Camilo the second part of the citation represented a “solid argument in favor of giving macroeconomic foundations to microeconomic behavior” (Dagum, 2001). More precisely, “individualism and methodological holism complete each other in contributing to the explanation of individual and social behavior” (Dagum, 2001).
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rahn Curve written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-29 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Rahn Curve The Rahn curve is a graph used to illustrate an economic theory, proposed in 1996 by American economist Richard W. Rahn, which suggests that there is a level of government spending that maximizes economic growth. The theory is used by classical liberals to argue for a decrease in overall government spending and taxation. The inverted-U-shaped curve suggests that the optimal level of government spending is 15-25% of GDP. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Rahn curve Chapter 2: Keynesian economics Chapter 3: Microeconomics Chapter 4: Macroeconomics Chapter 5: Neoclassical economics Chapter 6: Tax Chapter 7: IS-LM model Chapter 8: Satisficing Chapter 9: Fiscal policy Chapter 10: Robert Solow Chapter 11: Welfare economics Chapter 12: Tax cut Chapter 13: Allocative efficiency Chapter 14: Optimal foraging theory Chapter 15: Optimum currency area Chapter 16: Neoclassical synthesis Chapter 17: Richard W. Rahn Chapter 18: Laffer curve Chapter 19: Flypaper effect Chapter 20: Economics of science Chapter 21: Optimal labor income taxation (II) Answering the public top questions about rahn curve. (III) Real world examples for the usage of rahn curve in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Rahn Curve.
Download or read book Why is Economics the Only Discipline with So Many Curves Going Up and Down written by Giovanni Dosi and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even the most rudimentary training from Economics 101 starts with demand curves going down and supply curves going up. They are so 'natural' that they sound even more obvious than the Euclidian postulates in mathematics. But are they? What do they actually mean? Start with ''demand curves''. Are they hypothetical 'psychological constructs' on individual preferences? Propositions on aggregation over them? Reduced forms of actual dynamic proposition of time profiles of prices and demanded quantities? Similar considerations apply to ''supply curves'' The point here, drawing upon the chapter by Kirman and Dosi, in Dosi (2023), is that the forest of demand and supply curves is basically there to populate the analysis with double axiomatic notions of equilibria, both 'in the head' of individual agents, and in environments in which they operate. And the issue is even thornier when dealing with ''curves'' going up and down in macroeconomic contexts where one is basically talking of a mystical construction of a meta meta meta loci of equilibrium - first, in the head of each agent, next, in each market (for goods, for savings, etc.), finally in the overall economy. Supply and demand ''curves'', I am arguing, are one of the three major methodological stumbling blocks on the way of progress in economics - the others being 'utility functions' and 'production functions' -. There is an alternative: represent markets and industries how they actually works, and model them both via fully fledged Agent Based Models and via lower dimensional dynamical systems.
Download or read book On Economic Curves written by Pierre Samuel Du Pont de Nemours and published by . This book was released on 1955 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics Curves written by Source Wikipedia and published by University-Press.org. This book was released on 2013-09 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 46. Chapters: AD-AS model, Beveridge curve, Budget constraint, Consumption-possibility frontier, Contract curve, Convex preferences, Cost curve, Demand curve, Engel curve, Expectation hypothesis, Hubbert curve, Indifference curve, IS/LM model, J curve, Kuznets curve, Laffer curve, Lorenz curve, Marginal cost of capital schedule, Marginal propensity to save, Phillips curve, Production-possibility frontier, Rahn curve, Supply and demand, Wage curve, Yield curve.
Download or read book TikZ Cookbook for Diagram in Economics written by Chiu Yu Ko and published by Chiu Yu Ko. This book was released on with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists present their arguments in three different types of arguments: verbal, graphical, and mathematical. If you flip over introductory economic textbooks, you will notice that analysis is usually done based on verbal argument and diagrams. Even for intermediate and advanced textbooks, you will notice that the difference is the mathematical argument -- diagrams are still useful. This is also true for academic research. However, drawing a nice diagram is not easy. Standard software is not good for drawing economic diagrams. Either it is too simple or it is too professional. One nice drawing software is the TikZ package in LaTeX . However, it is a drawing programming so that there is a steep learning curve. This is the reason that I write this book.
Download or read book The Rough Guide to Economics written by Rough Guides and published by Rough Guides UK. This book was released on 2014-03-03 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: From first economic principles to the financial crisis The Rough Guide to Economics takes you through the financial crisis of 2007 and 2008 and its resulting global problems and explores economics right from its foundations to the present day. Issues caused by the recent financial crisis continue to dominate news across the world and if you want to gain a clear understanding of how economics are central to your world, the Rough Guide to Economics is the ideal no-nonsense guide for you. It explains everything you need to know about monetary policy, inflation, international trade and all the major topics within economics. With the election not too far off it also provides clear-cut information on government tax and spending decisions. You'll discover how economics can illuminate topics as diverse as globalization and development, climate change, and poverty. You'll even be able to see the relevance of economics to topics closer to home such as friendship, smoking and K-pop, and how findings from psychology have influenced economic thinking. Whether you want to learn about economics for work or studies, need a handy reference, or want a clear understanding of the effect of economics on your world, the Rough Guide to Economics is the book for you, with no knowledge of mathematics required. Now available in ePub format.
Download or read book Economics written by Elbert V. Bowden and published by Thomson South-Western. This book was released on 1986 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Curve Economics written by MR Asad Ghani and published by Createspace Independent Publishing Platform. This book was released on 2015-12-23 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Curve Economics is a witty take on economics. It contains 35 short examples of economics applied to real life events, aided with the use of curves, equations and even a pangolin. I hope you enjoy reading about my trading days in nursery, how frugal I am with money and how an office stapler can cripple productivity.
Download or read book The Wage Curve written by David G. Blanchflower and published by MIT Press. This book was released on 1994 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.
Download or read book Economics A Simple Introduction written by K.H. Erickson and published by K.H. Erickson. This book was released on with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics: A Simple Introduction offers an accessible guide to the principles and methods of economics, with calculations and over 25 diagrams to support the analysis. Understand the four dimensional nature of economics, and how its learning process differs from other subjects. Use data points, read graphs, and learn to create your own graphs and how to plot a trend curve. Evaluate the laws of diminishing marginal utility and diminishing returns exhibited by these trend curves, and assess the impact on consumers and producers. Turn curves into lines to find the relationship between two variables using an intercept and slope. Find the equilibrium outcome where all sides are balanced and understand its importance for consumers and producers. Examine the factors which facilitate or prevent an equilibrium outcome, and which may lead to a range of possible outcomes. Explore the impact of time as static analysis becomes dynamic analysis. Look into short-run shifts in demand or supply, and the affect which they may have on prices and consumption or production levels. Look at changes which can occur over the long-run, specifically the end of the law of diminishing returns. Microeconomics overview explains how consumer preferences and budget constraint decide demand, and firm productivity and costs against revenue decide supply. Macroeconomics overview explains how the IS-LM model where goods and money markets balance decides aggregate demand, and the Phillips curve and growth models determine aggregate supply. Econometrics is introduced as a method is presented to create value estimates, and economic theory becomes practice.
Download or read book Learning Curves written by Mohamad Y. Jaber and published by CRC Press. This book was released on 2016-04-19 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by international contributors, Learning Curves: Theory, Models, and Applications first draws a learning map that shows where learning is involved within organizations, then examines how it can be sustained, perfected, and accelerated. The book reviews empirical findings in the literature in terms of different sources for learning and partia
Download or read book Economics Primer written by Linda Low and published by World Scientific. This book was released on 2020-05-29 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics Primer is a simplified, illustrated text for non-economics and economics readers alike. It introduces fundamental concepts and demonstrates their applications to day-to-day use for employers and employees in the private and public sectors. The aim is to enable all in society, at home and abroad to understand economic relationships as affecting all at large. While politics remains the primary driver of international affairs, the economics grounding including technology is as purposeful.This primer serves as a stepping stone to branch out into other fields of economics and business to understand how world events work based on the economic concepts of efficiency and equality to the extent possible including the emerging issues of health, environment and security in a globalised world.
