Topic 6: Optimization I. Maximisation and Minimisation Jacques (4th Edition): Chapter 4.6 & 4.7. For a straight line. Y=a+bX Y= f (X) = a + bX First Derivative dY/dX = f = b constant slope b Second Derivative d 2 Y/dX 2 = f = 0

ByOptimal Growth Models. One Sector Ramsey Model Role of the Financial Sector . Cass (1965) Koopman(1965) type Optimal Growth Model. Steady State in an Optimal Growth Model. Optimal Growth Model with less than 100% depreciation. Steady State in an Optimal Growth Model

ByLabor Supply, Demand & Unemployment. Mid-term Exam. Tuesday, October 12 th 9AM Lecture Theater E Semi-open Book (Bring 1 A4 size paper with handwritten notes)) Coverage. Lecture notes including this one. Hours per Worker 2005 www.ggdc.net. This section will follow.

ByC hapter 5. Mean-variance frontier and beta representations. Main contents. Expected return-Beta representation Mean-variance frontier: Intuition and Lagrangian characterization An orthogonal characterization of mean-variance frontier Spanning the mean-variance frontier

ByAppendix 2A Differential Calculus in Management. A function with one decision variable, X, can be written as Y = f(X) The marginal value of Y, with a small increase of X, is M y = D Y/ D X For a very small change in X, the derivative is written: dY/dX = limit D Y/ D X D X B.

ByIntroduction to Algorithmic Trading Strategies Lecture 6. Technical Analysis: Linear Trading Rules. Haksun Li haksun.li@numericalmethod.com www.numericalmethod.com. O utline. Moving average crossover The generalized linear trading rule P&Ls for different returns generating processes

ByDuopolies. The Cournot d uopoly. a. Description and Assumptions of the model b. The Cournot-Nash equilibrium c. Graphical analysis d. Normal game Representation e. Numerical Application Conclusions. The Cournot duopoly. a. Description and Assumptions of the model

ByConsistent framing. Notes for chapter 8. Accounting and decisions. In accounting decision problems are often modified Fixed costs are not included Often only incremental costs are considered Costs are approximated Profit maximization is often assumed Cost minimization

ByEcon 488. Lecture 3 Cameron Kaplan. Announcements. Midterm Date Change: Now October 22 Syllabus will be updated soon. Library Session: October 8. How Regression Works. Estimate the slope of the line that passes through the origin given the following data. How Regression Works.

ByDynamic Programming. A typical infinite horizon problem. (1). (2). (Intertemporal constraint.). (3). (Initial condition.). State. xt. Control. ut. Value function. Finite time horizon example. Hamilton-Jacobi-Bellman equation. Solution Method. (1) Backward induction.

ByNaureen Karachiwalla, University of Oxford Albert Park, HKUST. Promotion Incentives in the Public Sector: Evidence from Chinese Schools. Motivations. Teachers are central to the learning process Often undermotivated in developing countries Exclusive focus on incentive pay (bonuses)

ByView First order condition PowerPoint (PPT) presentations online in SlideServe. SlideServe has a very huge collection of First order condition PowerPoint presentations. You can view or download First order condition presentations for your school assignment or business presentation. Browse for the presentations on every topic that you want.