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Thinking Like an Economist

Thinking like an economist

Thinking like an economist

... have goals and try to fulfill them as best as they can  The Incentive Principle: An agent (person, firm or society) is more likely to take an action if its benefit rises, and less likely to take ... “I’d like to introduce you to Marty Thorndecker He’s an economist but he’s really very nice.” Hi, I am Marty… Hi, I am Marty… Can we express yourself?  Suppose you had the chance to meet ... Incentives matter in our analysis of behavior and in designing economic policies 15 The Cost-Benefit Principle  An individual (or a firm or a society) should take an action if, and only if, the extra...
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Bài giảng Thinking like an economist

Bài giảng Thinking like an economist

... individual and social choices ◆ Examine and understand how certain events and issues are related ◆ But there is the issue of terminology, some math, and GRAPHS, GRAPHS AND SOME MORE GRAPHS! ◆ The Economist ... prescriptive analysis Why Economists Agree and Disagree ◆ We agree on the methodology, but not on the underlying assumptions underlying incentives and behavior ◆Example-No Child Left Behind and Test ... variable ➤ How we show a negative and a positive relationship between variables? Two Simple Rules for Movements vs Shifts ■ Rule One ➤ When an independent variable changes and that variable does not...
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Thinking Like an Economist

Thinking Like an Economist

... organization of the economy Decisions are made by households and firms Households and firms interact in the markets for goods and services (where households are buyers and firms are sellers) and ... reduces the quantity and quality of housing available (93%) 2.Tariffs and import quotas usually reduce general economic welfare (93%) 3.Flexible and floating exchange rates offer an effective ... any given level of income, the data on price and quantity demanded can be graphed to produce Emma’s demand curve for novels, as shown in Figures A-3 and A-4 32 APPENDIX Graphing: a brief review...
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Uncommon Sense: Out of the Box Thinking for An In the Box World

Uncommon Sense: Out of the Box Thinking for An In the Box World

... I wander back to my seat and start typing these words as the next speaker sets up I relax in the knowledge that I can continue working and thinking irrespective of the quality of the remaining ... with the concept of transport, the invention of the wheel, the detail of the internal combustion engine and traction control They get the customer in the car and demonstrate the acceleration, the ... road holding and the hi-fi In short, they impress the heck out of the customer and if they should ask a question, then they show them the engine compartment and other features When was the last...
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How to steal like an artist (and 9 other things nobody told me)   austin kleon

How to steal like an artist (and 9 other things nobody told me) austin kleon

... because it’s a story about how two friends moved to New York and learned to be artists You know how they learned to be artists? They pretended to be artists I’ll spoil the book for you and describe ... pick your family, but you can pick your teachers and you can pick your friends and you can pick the music you listen to and you can pick the books you read and you can pick the movies you see ... vary Steal like an artist Every artist gets asked the question, “Where you get your ideas?” The honest artist answers, “I steal them.” I drew this cartoon a few years ago There are two panels...
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speak business English like an American

speak business English like an American

... they don't end it They pull the plug Speak Business English Like An American covers over 350 idioms and expressions you're likely to encounter in today's business world Familiarize yourself with ... Americans think about business: like war, it's a bitter competition with winners and losers Like sports, it's a game, with the prizes going to those teams (companies) with superior strategy and ... don't tell anybody don't tell her mother she may change her mind 5) That new software company seems very disorganized Do they have a game plan? a plan for closing down their business a plan for developing...
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