Micro Economics

Input Output Analysis

Introduction In its “static’ version, Professor Leontief’s input-output analysis deals with this particular question: “What level of output should each of the n industries in an economy produce, in order that it will just be sufficient to satisfy the total demand for that product?” The rationale for the term input-output …

Micro Economics

The two-part tariff

The two-part tariff is related to price discrimination and provides another means of extracting consumer surplus. It requires consumers to pay a fee up front for the right to buy a product. Consumers then pay an additional fee for each unit of the product they wish to consume. The classic …

Micro Economics

Peak-load pricing

Peak-load pricing also involves charging different prices at different points in time. Rather than capturing consumer surplus, however, the objective is to increase economic efficiency by charging consumers prices that are close to marginal cost. For some goods and services, demand peaks at particular times—for roads and tunnels during commuter …

Micro Economics

Intertemporal price discrimination

Two other closely related forms of price discrimination are important and widely practiced. The first of these is inter-temporal price discrimination: separating consumers with different demand functions into different groups by charging different prices at different points in time. The second is peak-load pricing: charging higher prices during peak periods …

Books

Macro Economics [Books]

Books for Macro Economics 1.Olivier Blanchard, David R. Johnson-Macroeconomics 2.Andrew B. Abel, Ben S. Bernanke, Dean Croushore-Macroeconomics 3.Charles I. Jones-Introduction to Economic Growth 4.Rudiger Dornbusch, Stanley Fischer, Richard Startz-Macroeconomics 5.Gordon Robert J.-Macroeconomics 6.N Gregory Mankiw-Macroeconomics

Books

Micro Economics [Books]

Books for Micro Economics 1.Robert Pindyck, Daniel Rubinfeld-Microeconomics 2.Walter Nicholson, Christopher M. Snyder-Intermediate Microeconomics and Its Application

SEC Financial Economics

Single Period Random Cash-Flow [Basic Concepts]

An investment instrument that can be bought and sold is frequently called an asset. Suppose you purchase an asset at time zero, and one year later you sell the asset. The total on your investment is defined to be Very often, the term return is used for total return. The …

Books

Financial Management [Books]

Books For Financial Management 1.David G. Luenberger, Investment Science, Oxford University Press, USA, 1997. 2.Richard A. Brealey and Stewart C. Myers, Principles of Corporate Finance, McGraw- Hill, 7th edition, 2002. 3.Burton G. Malkiel, A Random Walk Down Wall Street, W.W. Norton & Company, 2003.  

SEC Financial Economics

Fixed Income Securities [Basics]

Fixed-Income Securities Basic Concepts An interest rate is a price, or rent, for the most popular of all traded commodities—money. The one-year interest rate, for example, is just the price that must be paid for borrowing money for one year. Markets for money are well developed, and the corresponding basic …

Books

Mathematical Economics [Books]

Mathematical Economics [Books] 1. Knut Sydsaeter, Peter J. Hammond-Mathematics for Economic Analysis-Prentice Hall (1995) 2. R.G.D Allen – Basic Mathematics 3. [Alpha C. Chiang, Kevin Wainwright] Fundamental Methods of Mathematical Economics 4. James M. Henderson and Richard E. Quandt-Microeconomic theory: A Mathematical Approach-McGraw-Hill (1958)