1. Chapter Nineteen Profit-Maximization 2. Economic Profit A firm uses inputs j = 1…,m to make products i = 1,…n. Output levels are y1,…,yn. Input levels are x1,…,xm.…

Slide 1Theory of the Firm in Perfect Competition Two Critical Decisions; Long Run vs Short Run; Widget Production Slide 2 The Firms Problem Maximize profit: n Given available…

1. Notes on Macroeconomic Theory Steve Williamson Dept. of Economics University of Iowa Iowa City, IA 52242 August 1999 2. Chapter 1 Simple Representative Agent Models This…

1. Countercyclical Restructuring and Jobless Recoveries David Berger Northwestern David Berger (Northwestern) Countercyclical Restructuring and Jobless Recoveries 2. Motivation:…

A Thesis on Sabotage in Competitions by Oliver Alexander Wray Trinity College University of Dublin on exchange at University of Cologne Under Supervision of Prof. Dr. Oliver…

Notes on Graduate International Trade1 Costas Arkolakis2 Yale University May 2012 [New version: preliminary] 1This set of notes and the homeworks accomodating them is a collection…

1. Ramsey–Cass–Koopmans model and its application in Ethiopia By Molla Deribie ID.No.MAEC/0182/2005 Department: Agricultural Economics St.Mary’s University College…

1. Ramsey–Cass–Koopmans model and its application in Ethiopia By Molla Deribie ID.No.MAEC/0182/2005 Jan 2012,Addis Ababa 1 2. 2 Outlines 1.Definition…………………………………………….3…

Slide 1ECN741: Urban Economics Multiple Worksites and Full Labor Markets Slide 2 Multiple Worksites ▫Class Outline:  1. Actual Employment Location  2. Modeling a…

Slide 1 Chapter Thirty-Two Externalities Slide 2 u An externality is a cost or a benefit imposed upon someone by actions taken by others. The cost or benefit is thus generated…