Open Economies. Chapter 32. A Macroeconomic Theory of the Open Economy. Basic Assumptions of a Macroeconomic Model of an Open Economy


 Dulcie Horton
 2 years ago
 Views:
Transcription
1 Chapte 32. A Macoeconomic Theoy of the Open Economy Open Economies An open economy is one that inteacts feely with othe economies aound the wold. slide 0 slide 1 Key Macoeconomic Vaiables in an Open Economy The impotant macoeconomic vaiables of an open economy include: net expots net foeign investment nominal exchange ates eal exchange ates Basic Assumptions of a Macoeconomic Model of an Open Economy The model takes the economy s GDP as given. The model takes the economy s pice level as given. slide 2 slide 3
2 SUPPLY AND DEMAND FOR LOANABLE FUNDS AND FOR FOREIGNCURRENCY EXCHANGE The Maket fo Loanable Funds S = I + NCO At the equilibium inteest ate, the amount that people want to save exactly balances the desied quantities of investment and net capital outflows. The Maket fo Loanable Funds The supply of loanable funds comes fom national saving (S). The demand fo loanable funds comes fom domestic investment (I) and net capital outflows (NCO). slide 4 slide 5 The Maket fo Loanable Funds Figue 1 The Maket fo Loanable Funds The supply and demand fo loanable funds depend on the eal inteest ate. A highe eal inteest ate encouages people to save and aises the quantity of loanable funds supplied. The inteest ate adjusts to bing the supply and demand fo loanable funds into balance. Equilibium eal inteest ate Supply of loanable funds (fom national saving) fo loanable funds (fo domestic investment and net capital outflow) slide 6 Equilibium quantity Loanable Funds slide 7
3 The Maket fo Loanable Funds At the equilibium inteest ate, the amount that people want to save exactly balances the desied quantities of domestic investment and net foeign investment. The Maket fo FoeignCuency Exchange The two sides of the foeigncuency exchange maket ae epesented by NCO and NX. NCO epesents the imbalance between the puchases and sales of capital assets. NX epesents the imbalance between expots and impots of goods and sevices. slide 8 slide 9 The Maket fo FoeignCuency Exchange In the maket fo foeigncuency exchange, U.S. dollas ae taded fo foeign cuencies. Fo an economy as a whole, NCO and NX must balance each othe out, o: NCO = NX The Maket fo FoeignCuency Exchange The pice that balances the supply and demand fo foeigncuency is the eal exchange ate. slide 10 slide 11
4 The Maket fo FoeignCuency Exchange Figue 2 The Maket fo FoeignCuency Exchange The demand cuve fo foeign cuency is downwad sloping because a highe exchange ate makes domestic goods moe expensive. The supply cuve is vetical because the quantity of dollas supplied fo net capital outflow is unelated to the eal exchange ate. Exchange Equilibium eal exchange ate Supply of dollas (fom net capital outflow) fo dollas (fo net expots) slide 12 Equilibium quantity Dollas Exchanged into Foeign Cuency slide 13 The Maket fo FoeignCuency Exchange The eal exchange ate adjusts to balance the supply and demand fo dollas. At the equilibium eal exchange ate, the demand fo dollas to buy net expots exactly balances the supply of dollas to be exchanged into foeign cuency to buy assets aboad. EQUILIBRIUM IN THE OPEN ECONOMY In the maket fo loanable funds, supply comes fom national saving and demand comes fom domestic investment and net capital outflow. In the maket fo foeigncuency exchange, supply comes fom net capital outflow and demand comes fom net expots. slide 14 slide 15
5 EQUILIBRIUM IN THE OPEN ECONOMY Net capital outflow links the loanable funds maket and the foeigncuency exchange maket. The key deteminant of net capital outflow is the eal inteest ate. Figue 3 How Net Capital Outflow Depends on the slide 16 Net capital outflow is negative. 0 Net capital outflow Net Capital is positive. Outflow slide 17 EQUILIBRIUM IN THE OPEN ECONOMY Pices in the loanable funds maket and the foeigncuency exchange maket adjust simultaneously to balance supply and demand in these two makets. As they do, they detemine the macoeconomic vaiables of national saving, domestic investment, net foeign investment, and net expots. Figue 4 The Equilibium in an Open Economy (a) The Maket fo Loanable Funds Supply Loanable Funds Exchange E (b) Net Capital Outflow Supply Net capital outflow, NCO Net Capital Outflow Dollas slide 18 (c) The Maket fo FoeignCuency Exchange slide 19
6 HOW POLICIES AND EVENTS AFFECT AN OPEN ECONOMY The magnitude and vaiation in impotant macoeconomic vaiables depend on the following: Govenment budget deficits Tade policies Political and economic stability Govenment Budget Deficits In an open economy, govenment budget deficits... educe the supply of loanable funds, dive up the inteest ate, cowd out domestic investment, cause net foeign investment to fall. slide 20 slide 21 Figue 5 The Effects of Govenment Budget Deficit which inceases the eal inteest ate... (a) The Maket fo Loanable Funds B S A S Loanable Funds 1. A budget deficit educes (b) Net Capital Outflow the supply of loanable funds... 2 Exchange E which E 1 causes the eal exchange ate to appeciate which in tun educes net capital outflow. S S NCO Net Capital Outflow 4. The decease in net capital outflow educes the supply of dollas to be exchanged into foeign cuency... Dollas (c) The Maket fo FoeignCuency Exchange slide 22 Govenment Budget Deficits Effect of Budget Deficits on the Loanable Funds Maket A govenment budget deficit educes national saving, which... shifts the supply cuve fo loanable funds to the left, which... aises inteest ates. slide 23
7 Govenment Budget Deficits Effect of Budget Deficits on Net Foeign Investment Highe inteest ates educe net foeign investment. Govenment Budget Deficits Effect on the FoeignCuency Exchange Maket A decease in net foeign investment educes the supply of dollas to be exchanged into foeign cuency. This causes the eal exchange ate to appeciate. slide 24 slide 25 Tade Policy A tade policy is a govenment policy that diectly influences the quantity of goods and sevices that a county impots o expots. Taiff: A tax on an impoted good. Impot quota: A limit on the quantity of a good poduced aboad and sold domestically. Tade Policy Because they do not change national saving o domestic investment, tade policies do not affect the tade balance. Fo a given level of national saving and domestic investment, the eal exchange ate adjusts to keep the tade balance the same. Tade policies have a geate effect on micoeconomic than on macoeconomic makets. slide 26 slide 27
8 Figue 6 The Effects of an Impot Quota (a) The Maket fo Loanable Funds Supply Loanable Funds and causes the eal exchange ate to appeciate. Exchange E 2 E 3. Net expots, howeve, emain the same. (b) Net Capital Outflow Supply NCO D Net Capital Outflow 1. An impot quota inceases the demand fo dollas... D Tade Policy Effect of an Impot Quota Because foeignes need dollas to buy U.S. net expots, thee is an inceased demand fo dollas in the maket fo foeigncuency. This leads to an appeciation of the eal exchange ate. Dollas slide 28 (c) The Maket fo FoeignCuency Exchange slide 29 Tade Policy Effect of an Impot Quota Thee is no change in the inteest ate because nothing happens in the loanable funds maket. Thee will be no change in net expots. Thee is no change in net foeign investment even though an impot quota educes impots. Tade Policy Effect of an Impot Quota An appeciation of the dolla in the foeign exchange maket encouages impots and discouages expots. This offsets the initial incease in net expots due to impot quota. slide 30 slide 31
9 Tade Policy Effect of an Impot Quota Tade policies do not affect the tade balance. Political Instability and Capital Flight Capital flight is a lage and sudden eduction in the demand fo assets located in a county. slide 32 slide 33 Figue 7 The Effects of Capital Flight Political Instability and Capital Flight (a) The Maket fo Loanable Funds in Mexico Supply which inceases the inteest ate. Loanable Funds inceases the demand fo loanable funds... D 1 D 2 Exchange which causes the peso to depeciate. E E (b) Mexican Net Capital Outflow S S 2 1. An incease in net capital outflow... NCO 1 NCO 2 Net Capital Outflow 4. At the same time, the incease in net capital outflow inceases the supply of pesos... Capital flight has its lagest impact on the county fom which the capital is fleeing, but it also affects othe counties. If investos become concened about the safety of thei investments, capital can quickly leave an economy. ates incease and the domestic cuency depeciates. Pesos (c) The Maket fo FoeignCuency Exchange slide 34 slide 35
10 Political Instability and Capital Flight When investos aound the wold obseved political poblems in Mexico in 1994, they sold some of thei Mexican assets and used the poceeds to buy assets of othe counties. Political Instability and Capital Flight This inceased Mexican net capital outflow. The demand fo loanable funds in the loanable funds maket inceased, which inceased the inteest ate. This inceased the supply of pesos in the foeigncuency exchange maket. slide 36 slide 37 Summay To analyze the macoeconomics of open economies, two makets ae cental the maket fo loanable funds and the maket fo foeigncuency exchange. In the maket fo loanable funds, the inteest ate adjusts to balance supply fo loanable funds (fom national saving) and demand fo loanable funds (fom domestic investment and net capital outflow). Summay In the maket fo foeigncuency exchange, the eal exchange ate adjusts to balance the supply of dollas (fo net capital outflow) and the demand fo dollas (fo net expots). Net capital outflow is the vaiable that connects the two makets. slide 38 slide 39
11 Summay A policy that educes national saving, such as a govenment budget deficit, educes the supply of loanable funds and dives up the inteest ate. The highe inteest ate educes net capital outflow, educing the supply of dollas. The dolla appeciates, and net expots fall. Summay A tade estiction inceases net expots and inceases the demand fo dollas in the maket fo foeigncuency exchange. As a esult, the dolla appeciates in value, making domestic goods moe expensive elative to foeign goods. This appeciation offsets the initial impact of the tade estictions on net expots. slide 40 slide 41 Summay When investos change thei attitudes about holding assets of a county, the amifications fo the county s economy can be pofound. Political instability in a county can lead to capital flight. Capital flight tends to incease inteest ates and cause the county s cuency to depeciate. slide 42 slide 43
Agenda. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy, Part 2. The supply of and demand for the dollar
Agenda Exchange Rates, Business Cycles, and Macoeconomic Policy in the Open Economy, Pat 2 How Exchange Rates ae Detemined (again) The ISLM Model fo an Open Economy Macoeconomic Policy in an Open Economy
More informationControlling the Money Supply: Bond Purchases in the Open Market
Money Supply By the Bank of Canada and Inteest Rate Detemination Open Opeations and Monetay Tansmission Mechanism The Cental Bank conducts monetay policy Bank of Canada is Canada's cental bank supevises
More informationProblem Set # 9 Solutions
Poblem Set # 9 Solutions Chapte 12 #2 a. The invention of the new highspeed chip inceases investment demand, which shifts the cuve out. That is, at evey inteest ate, fims want to invest moe. The incease
More informationCHAPTER 10 Aggregate Demand I
CHAPTR 10 Aggegate Demand I Questions fo Review 1. The Keynesian coss tells us that fiscal policy has a multiplied effect on income. The eason is that accoding to the consumption function, highe income
More informationPersonal Saving Rate (S Households /Y) SAVING AND INVESTMENT. Federal Surplus or Deficit () Total Private Saving Rate (S Private /Y) 12/18/2009
1 Pesonal Saving Rate (S Households /Y) 2 SAVING AND INVESTMENT 16.0 14.0 12.0 10.0 80 8.0 6.0 4.0 2.0 0.02.04.0 1959 1961 1967 1969 1975 1977 1983 1985 1991 1993 1999 2001 2007 2009 Pivate Saving Rate
More informationChapter 3 Savings, Present Value and Ricardian Equivalence
Chapte 3 Savings, Pesent Value and Ricadian Equivalence Chapte Oveview In the pevious chapte we studied the decision of households to supply hous to the labo maket. This decision was a static decision,
More informationEconomics 212 Microeconomic Theory I Final Exam. June Faculty of Arts and Sciences Queen s University Answer Key
Instuctions Economics 1 Micoeconomic Theoy I Final Exam June 008 Faculty of Ats and Sciences ueen s Univesity Anse Key The exam is thee hous in length. The exam consists of to sections: Section A has five
More informationJapan s trading losses reach JPY20 trillion
IEEJ: Mach 2014. All Rights Reseved. Japan s tading losses each JPY20 tillion Enegy accounts fo moe than half of the tading losses YANAGISAWA Akia Senio Economist Enegy Demand, Supply and Foecast Goup
More informationChapter 11: Aggregate Demand II, Applying the ISLM Model Th LM t
Equilibium in the  model The cuve epesents equilibium in the goods maket. Chapte :, Applying the  Model Th t C ( T) I( ) G The cuve epesents money maket equilibium. M L(, ) The intesection detemines
More informationChapter 7: Equilibrium in the Flexible Price Model
Copyight MHHE 2005 Chapte 7: Equilibium in the Flexible Pice Model knowing what has happened to consumption spending. But consumption spending depends on income, which in tun depends on the levels o net
More informationQuestions for Review. By buying bonds This period you save s, next period you get s(1+r)
MACROECONOMICS 2006 Week 5 Semina Questions Questions fo Review 1. How do consumes save in the twopeiod model? By buying bonds This peiod you save s, next peiod you get s() 2. What is the slope of a consume
More informationThe Supply of Loanable Funds: A Comment on the Misconception and Its Implications
JOURNL OF ECONOMICS ND FINNCE EDUCTION Volume 7 Numbe 2 Winte 2008 39 The Supply of Loanable Funds: Comment on the Misconception and Its Implications. Wahhab Khandke and mena Khandke* STRCT Recently FieldsHat
More informationBA 351 CORPORATE FINANCE LECTURE 4 TAXES AND THE MARGINAL INVESTOR. John R. Graham Adapted from S. Viswanathan FUQUA SCHOOL OF BUSINESS
BA 351 CORPORATE FINANCE LECTURE 4 TAXES AND THE MARGINAL INVESTOR John R. Gaham Adapted fom S. Viswanathan FUQUA SCHOOL OF BUSINESS DUKE UNIVERSITY 1 In this lectue we conside the effect of govenment
More informationInternational Monetary Economics Note 1
36632 Intenational Monetay Economics Note Let me biefly ecap on the dynamics of cuent accounts in small open economies. Conside the poblem of a epesentative consume in a county that is pefectly integated
More informationDefinitions and terminology
I love the Case & Fai textbook but it is out of date with how monetay policy woks today. Please use this handout to supplement the chapte on monetay policy. The textbook assumes that the Fedeal Reseve
More informationEconomics 326: Input Demands. Ethan Kaplan
Economics 326: Input Demands Ethan Kaplan Octobe 24, 202 Outline. Tems 2. Input Demands Tems Labo Poductivity: Output pe unit of labo. Y (K; L) L What is the labo poductivity of the US? Output is ouhgly
More informationHow Much Should a Firm Borrow. Effect of tax shields. Capital Structure Theory. Capital Structure & Corporate Taxes
How Much Should a Fim Boow Chapte 19 Capital Stuctue & Copoate Taxes Financial Risk  Risk to shaeholdes esulting fom the use of debt. Financial Leveage  Incease in the vaiability of shaeholde etuns that
More informationIntroduction to Stock Valuation. Background
Intoduction to Stock Valuation (Text efeence: Chapte 5 (Sections 5.45.9)) Topics backgound dividend discount models paamete estimation gowth oppotunities piceeanings atios some final points AFM 271 
More informationImpact of High Oil Prices on Pakistan s Economic Growth
pecentage Intenational Jounal of Business and Social Science Vol. 2 No. 17 www.ijbssnet.com Impact of High Oil Pices on Pakistan s Economic Gowth Adiqa Kiani, 1 Abstact This pape discussed the impact of
More informationMacroeconomic Impacts of Foreign Exchange Reserve Accumulation: A Theory and Some International Evidence
Macoeconomic Impacts of Foeign Exchange Reseve ccumulation: Theoy and Some Intenational Evidence SHINICHI FUKUD (Univesity of Tokyo) and YOSHIFUMI KON (Univesity of Tokyo) Decembe, 2007 bstact Recently,
More informationIlona V. Tregub, ScD., Professor
Investment Potfolio Fomation fo the Pension Fund of Russia Ilona V. egub, ScD., Pofesso Mathematical Modeling of Economic Pocesses Depatment he Financial Univesity unde the Govenment of the Russian Fedeation
More informationThe Capital Asset Pricing Model. Chapter 9
The Capital Asset Picing odel Chapte 9 Capital Asset Picing odel CAP centepiece of moden finance gives the elationship that should be obseved between isk and etun of an asset it allows fo the evaluation
More informationThe Predictive Power of Dividend Yields for Stock Returns: Risk Pricing or Mispricing?
The Pedictive Powe of Dividend Yields fo Stock Retuns: Risk Picing o Mispicing? Glenn Boyle Depatment of Economics and Finance Univesity of Cantebuy Yanhui Li Depatment of Economics and Finance Univesity
More informationElectricity transmission network optimization model of supply and demand the case in Taiwan electricity transmission system
Electicity tansmission netwok optimization model of supply and demand the case in Taiwan electicity tansmission system MiaoSheng Chen a ChienLiang Wang b,c, ShengChuan Wang d,e a Taichung Banch Gaduate
More informationChannel selection in ecommerce age: A strategic analysis of coop advertising models
Jounal of Industial Engineeing and Management JIEM, 013 6(1):89103 Online ISSN: 0130953 Pint ISSN: 013843 http://dx.doi.og/10.396/jiem.664 Channel selection in ecommece age: A stategic analysis of
More informationChapter 32 A Macroeconomic Theory of the Open Economy
Chapter 32 A Macroeconomic Theory of the Open Economy TRUE/FALSE 1. Over the past two decades, the United States has persistently exported more goods and services than it has imported. ANS: F DIF: 1 REF:
More informationThe Critical Angle and Percent Efficiency of Parabolic Solar Cookers
The Citical Angle and Pecent Eiciency o Paabolic Sola Cookes Aiel Chen Abstact: The paabola is commonly used as the cuve o sola cookes because o its ability to elect incoming light with an incoming angle
More informationSemipartial (Part) and Partial Correlation
Semipatial (Pat) and Patial Coelation his discussion boows heavily fom Applied Multiple egession/coelation Analysis fo the Behavioal Sciences, by Jacob and Paticia Cohen (975 edition; thee is also an updated
More informationChapter 6. GraduallyVaried Flow in Open Channels
Chapte 6 GaduallyVaied Flow in Open Channels 6.. Intoduction A stea nonunifom flow in a pismatic channel with gadual changes in its watesuface elevation is named as gaduallyvaied flow (GVF). The backwate
More informationIntertemporal Macroeconomics
Intetempoal Macoeconomics Genot Doppelhofe* May 2009 Fothcoming in J. McCombie and N. Allington (eds.), Cambidge Essays in Applied Economics, Cambidge UP This chapte eviews models of intetempoal choice
More informationSection 53 Angles and Their Measure
5 5 TRIGONOMETRIC FUNCTIONS Section 5 Angles and Thei Measue Angles Degees and Radian Measue Fom Degees to Radians and Vice Vesa In this section, we intoduce the idea of angle and two measues of angles,
More informationest using the formula I = Prt, where I is the interest earned, P is the principal, r is the interest rate, and t is the time in years.
9.2 Inteest Objectives 1. Undestand the simple inteest fomula. 2. Use the compound inteest fomula to find futue value. 3. Solve the compound inteest fomula fo diffeent unknowns, such as the pesent value,
More informationSamples of conceptual and analytical/numerical questions from chap 21, C&J, 7E
CHAPTER 1 Magnetism CONCEPTUAL QUESTIONS Cutnell & Johnson 7E 3. ssm A chaged paticle, passing though a cetain egion of space, has a velocity whose magnitude and diection emain constant, (a) If it is known
More information1.4 Phase Line and Bifurcation Diag
Dynamical Systems: Pat 2 2 Bifucation Theoy In pactical applications that involve diffeential equations it vey often happens that the diffeential equation contains paametes and the value of these paametes
More informationEquity compensation plans New Income Statement impact on guidance Earnings Per Share Questions and answers
Investos/Analysts Confeence: Accounting Wokshop Agenda Equity compensation plans New Income Statement impact on guidance Eanings Pe Shae Questions and answes IAC03 / a / 1 1 Equity compensation plans The
More informationDefine What Type of Trader Are you?
Define What Type of Tade Ae you? Boke Nightmae srs Tend Ride By Vladimi Ribakov Ceato of Pips Caie 20 of June 2010 1 Disclaime and Risk Wanings Tading any financial maket involves isk. The content of this
More informationGESTÃO FINANCEIRA II PROBLEM SET 1  SOLUTIONS
GESTÃO FINANCEIRA II PROBLEM SET 1  SOLUTIONS (FROM BERK AND DEMARZO S CORPORATE FINANCE ) LICENCIATURA UNDERGRADUATE COURSE 1 ST SEMESTER 20102011 Chapte 1 The Copoation 113. What is the diffeence
More information(3) Bipolar Transistor Current Sources
B73 lectonics Analysis & Design (3) Bipola Tansisto Cuent Souces Leaning utcome Able to descibe and: Analyze and design a simple twotansisto BJT cuentsouce cicuit to poduce a given bias cuent. Analyze
More information2.2. Trigonometric Ratios of Any Angle. Investigate Trigonometric Ratios for Angles Greater Than 90
. Tigonometic Ratios of An Angle Focus on... detemining the distance fom the oigin to a point (, ) on the teminal am of an angle detemining the value of sin, cos, o tan given an point (, ) on the teminal
More informationD) surplus; negative. 9. The law of one price is enforced by: A) governments. B) producers. C) consumers. D) arbitrageurs.
1. An open economy is one in which: A) the level of output is fixed. B) government spending exceeds revenues. C) the national interest rate equals the world interest rate. D) there is trade in goods and
More informationPsychology 282 Lecture #2 Outline. Review of Pearson correlation coefficient:
Psychology 282 Lectue #2 Outline Review of Peason coelation coefficient: z z ( n 1) Measue of linea elationship. Magnitude Stength Sign Diection Bounded by +1.0 and 1.0. Independent of scales of measuement.
More informationThe impact of migration on the provision. of UK public services (SRG.10.039.4) Final Report. December 2011
The impact of migation on the povision of UK public sevices (SRG.10.039.4) Final Repot Decembe 2011 The obustness The obustness of the analysis of the is analysis the esponsibility is the esponsibility
More informationYIELD TO MATURITY ACCRUED INTEREST QUOTED PRICE INVOICE PRICE
YIELD TO MATURITY ACCRUED INTEREST QUOTED PRICE INVOICE PRICE Septembe 1999 Quoted Rate Teasuy Bills [Called Banke's Discount Rate] d = [ P 1  P 1 P 0 ] * 360 [ N ] d = Bankes discount yield P 1 = face
More informationSTUDENT RESPONSE TO ANNUITY FORMULA DERIVATION
Page 1 STUDENT RESPONSE TO ANNUITY FORMULA DERIVATION C. Alan Blaylock, Hendeson State Univesity ABSTRACT This pape pesents an intuitive appoach to deiving annuity fomulas fo classoom use and attempts
More informationFXA 2008. Candidates should be able to : Describe how a mass creates a gravitational field in the space around it.
Candidates should be able to : Descibe how a mass ceates a gavitational field in the space aound it. Define gavitational field stength as foce pe unit mass. Define and use the peiod of an object descibing
More informationExam I. Spring 2004 Serway & Jewett, Chapters 15. Fill in the bubble for the correct answer on the answer sheet. next to the number.
Agin/Meye PART I: QUALITATIVE Exam I Sping 2004 Seway & Jewett, Chaptes 15 Assigned Seat Numbe Fill in the bubble fo the coect answe on the answe sheet. next to the numbe. NO PARTIAL CREDIT: SUBMIT ONE
More informationCommon and Fundamental Factors in Stock Returns of Canadian Oil and Gas Companies
2004s62 Common and Fundamental Factos in Stock Retuns of Canadian Oil and Gas Companies M. Matin Boye, idie Filion Séie Scientifique Scientific Seies Montéal écembe 2004 2004 M. Matin Boye, idie Filion.
More informationOpenEconomy Macroeconomics: Basic Concepts. OpenEconomy Macroeconomics: Basic Concepts Open and Closed Economies
In this chapter, look for the answers to these questions: 3 OpenEconomy Macroeconomics: Basic Concepts How are international flows of goods and assets related? What s the difference between the real and
More informationA) 2 B) 2 C) 2 2 D) 4 E) 8
Page 1 of 8 CTGavity1. m M Two spheical masses m and M ae a distance apat. The distance between thei centes is halved (deceased by a facto of 2). What happens to the magnitude of the foce of gavity between
More informationRevision Guide for Chapter 11
Revision Guide fo Chapte 11 Contents Student s Checklist Revision Notes Momentum... 4 Newton's laws of motion... 4 Gavitational field... 5 Gavitational potential... 6 Motion in a cicle... 7 Summay Diagams
More informationSimple Harmonic Motion
Simple Hamonic Motion Intoduction Simple hamonic motion occus when the net foce acting on an object is popotional to the object s displacement fom an equilibium position. When the object is at an equilibium
More informationGauss Law. Physics 231 Lecture 21
Gauss Law Physics 31 Lectue 1 lectic Field Lines The numbe of field lines, also known as lines of foce, ae elated to stength of the electic field Moe appopiately it is the numbe of field lines cossing
More informationPHYSICS 111 HOMEWORK SOLUTION #5. March 3, 2013
PHYSICS 111 HOMEWORK SOLUTION #5 Mach 3, 2013 0.1 You 3.80kg physics book is placed next to you on the hoizontal seat of you ca. The coefficient of static fiction between the book and the seat is 0.650,
More informationIntroduction to Electric Potential
Univesiti Teknologi MARA Fakulti Sains Gunaan Intoduction to Electic Potential : A Physical Science Activity Name: HP: Lab # 3: The goal of today s activity is fo you to exploe and descibe the electic
More informationSome text, some maths and going loopy. This is a fun chapter as we get to start real programming!
Chapte Two Some text, some maths and going loopy In this Chapte you ae going to: Lean how to do some moe with text. Get Python to do some maths fo you. Lean about how loops wok. Lean lots of useful opeatos.
More informationExam #1 Review Answers
xam #1 Review Answes 1. Given the following pobability distibution, calculate the expected etun, vaiance and standad deviation fo Secuity J. State Pob (R) 1 0.2 10% 2 0.6 15 3 0.2 20 xpected etun = 0.2*10%
More informationEpisode 401: Newton s law of universal gravitation
Episode 401: Newton s law of univesal gavitation This episode intoduces Newton s law of univesal gavitation fo point masses, and fo spheical masses, and gets students pactising calculations of the foce
More informationTrading Volume and Serial Correlation in Stock Returns in Pakistan. Abstract
Tading Volume and Seial Coelation in Stock Retuns in Pakistan Khalid Mustafa Assistant Pofesso Depatment of Economics, Univesity of Kaachi email: khalidku@yahoo.com and Mohammed Nishat Pofesso and Chaiman,
More informationCoordinate Systems L. M. Kalnins, March 2009
Coodinate Sstems L. M. Kalnins, Mach 2009 Pupose of a Coodinate Sstem The pupose of a coodinate sstem is to uniquel detemine the position of an object o data point in space. B space we ma liteall mean
More informationSaving and Investing for Early Retirement: A Theoretical Analysis
Saving and Investing fo Ealy Retiement: A Theoetical Analysis Emmanuel Fahi MIT Stavos Panageas Whaton Fist Vesion: Mach, 23 This Vesion: Januay, 25 E. Fahi: MIT Depatment of Economics, 5 Memoial Dive,
More informationAMERICAN ASSOCIATION OF WINE ECONOMISTS
AMERICAN ASSOCIATION OF WINE ECONOMISTS AAWE WORKING PAPER No. 22 ECONOMIC GEOGRAPHY OF THE U.S. WINE INDUSTRY Patick Canning and Agnes Peez Septembe 2008 www.wineeconomics.og ECONOMIC GEOGRAPHY OF THE
More informationConverting knowledge Into Practice
Conveting knowledge Into Pactice Boke Nightmae srs Tend Ride By Vladimi Ribakov Ceato of Pips Caie 20 of June 2010 2 0 1 0 C o p y i g h t s V l a d i m i R i b a k o v 1 Disclaime and Risk Wanings Tading
More informationThings to Remember. r Complete all of the sections on the Retirement Benefit Options form that apply to your request.
Retiement Benefit 1 Things to Remembe Complete all of the sections on the Retiement Benefit fom that apply to you equest. If this is an initial equest, and not a change in a cuent distibution, emembe to
More informationSpirotechnics! September 7, 2011. Amanda Zeringue, Michael Spannuth and Amanda Zeringue Dierential Geometry Project
Spiotechnics! Septembe 7, 2011 Amanda Zeingue, Michael Spannuth and Amanda Zeingue Dieential Geomety Poject 1 The Beginning The geneal consensus of ou goup began with one thought: Spiogaphs ae awesome.
More informationAn Introduction to Omega
An Intoduction to Omega Con Keating and William F. Shadwick These distibutions have the same mean and vaiance. Ae you indiffeent to thei iskewad chaacteistics? The Finance Development Cente 2002 1 Fom
More informationCapital Asset Pricing Model (CAPM) at Work
Capital Asset Picing Model (CAPM) at Wok Some o the Intuition behind CAPM Applications o CAPM Estimation and Testing o CAPM Intuition behind Equilibium Suppose you obseved the ollowing chaacteistics o
More informationDiscussion Paper No.147. Regional Economic Integration and its Impacts on Growth, Poverty and Income Distribution: The Case of Thailand *
Discussion Pape No.147 Regional Economic Integation and its Impacts on Gowth, Povety and Income Distibution: The Case of Thailand * by Chaiwoot Chaipan 1, Tien Dung Nguyen 2 and Mitsuo Ezaki 3 Septembe
More informationChapter 22. Outside a uniformly charged sphere, the field looks like that of a point charge at the center of the sphere.
Chapte.3 What is the magnitude of a point chage whose electic field 5 cm away has the magnitude of.n/c. E E 5.56 1 11 C.5 An atom of plutonium39 has a nuclea adius of 6.64 fm and atomic numbe Z94. Assuming
More informationPromised LeadTime Contracts Under Asymmetric Information
OPERATIONS RESEARCH Vol. 56, No. 4, July August 28, pp. 898 915 issn 3364X eissn 15265463 8 564 898 infoms doi 1.1287/ope.18.514 28 INFORMS Pomised LeadTime Contacts Unde Asymmetic Infomation Holly
More informationLearning Objectives. Decreasing size. ~10 3 m. ~10 6 m. ~10 10 m 1/22/2013. Describe ionic, covalent, and metallic, hydrogen, and van der Waals bonds.
Lectue #0 Chapte Atomic Bonding Leaning Objectives Descibe ionic, covalent, and metallic, hydogen, and van de Waals bonds. Which mateials exhibit each of these bonding types? What is coulombic foce of
More informationReferral service and customer incentive in online retail supply Chain
Refeal sevice and custome incentive in online etail supply Chain Y. G. Chen 1, W. Y. Zhang, S. Q. Yang 3, Z. J. Wang 4 and S. F. Chen 5 1,,3,4 School of Infomation Zhejiang Univesity of Finance and Economics
More informationFI3300 Corporate Finance
Leaning Objectives FI00 Copoate Finance Sping Semeste 2010 D. Isabel Tkatch Assistant Pofesso of Finance Calculate the PV and FV in multipeiod multicf timevalueofmoney poblems: Geneal case Pepetuity
More informationConcept and Experiences on using a Wikibased System for Softwarerelated Seminar Papers
Concept and Expeiences on using a Wikibased System fo Softwaeelated Semina Papes Dominik Fanke and Stefan Kowalewski RWTH Aachen Univesity, 52074 Aachen, Gemany, {fanke, kowalewski}@embedded.wthaachen.de,
More informationSUGGESTED SOLUTIONS. 21404 Strategic Financial Management. CA Professional (Strategic Level II) Examination June 2014
SUGGESTED SOLUTIONS 21404 Stategic Financial Management CA Pofessional (Stategic Level II) Examination June 2014 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA All Rights Reseved Answe No. 01 (a)
More informationReal Estate Equity Derivatives
Real Estate Equity Deivatives Geltne Mille 2 nd Edition Chapte 26 Section 26.3 Real Estate Deivatives (Index Retun Swaps) Real Estate Equity Deivatives A deivative is an asset whose value depends completely
More informationMoney Market Funds Intermediation and Bank Instability
Fedeal Reseve Bank of New Yok Staff Repots Money Maket Funds Intemediation and Bank Instability Maco Cipiani Antoine Matin Buno M. Paigi Staff Repot No. 599 Febuay 013 Revised May 013 This pape pesents
More informationThe Binomial Distribution
The Binomial Distibution A. It would be vey tedious if, evey time we had a slightly diffeent poblem, we had to detemine the pobability distibutions fom scatch. Luckily, thee ae enough similaities between
More informationCIES Discussion Paper
CIES Discussion Pape No. 99/15 Univesity of Adelaide Adelaide SA 5005 Austalia A KRUGMANDOOLEYSACHS THIRD GENERATION MODEL OF THE ASIAN FINANCIAL CRISIS Gego Iwin and David Vines August 1999 2 CENTRE
More informationSo we ll start with Angular Measure. Consider a particle moving in a circular path. (p. 220, Figure 7.1)
Lectue 17 Cicula Motion (Chapte 7) Angula Measue Angula Speed and Velocity Angula Acceleation We ve aleady dealt with cicula motion somewhat. Recall we leaned about centipetal acceleation: when you swing
More informationThe Role of Gravity in Orbital Motion
! The Role of Gavity in Obital Motion Pat of: Inquiy Science with Datmouth Developed by: Chistophe Caoll, Depatment of Physics & Astonomy, Datmouth College Adapted fom: How Gavity Affects Obits (Ohio State
More informationPRICING MODEL FOR COMPETING ONLINE AND RETAIL CHANNEL WITH ONLINE BUYING RISK
PRICING MODEL FOR COMPETING ONLINE AND RETAIL CHANNEL WITH ONLINE BUYING RISK Vaanya Vaanyuwatana Chutikan Anunyavanit Manoat Pinthong Puthapon Jaupash Aussaavut Dumongsii Siinhon Intenational Institute
More informationPhysics 235 Chapter 5. Chapter 5 Gravitation
Chapte 5 Gavitation In this Chapte we will eview the popeties of the gavitational foce. The gavitational foce has been discussed in geat detail in you intoductoy physics couses, and we will pimaily focus
More informationCOMPETITION AMONG RENT SEEKING GROUPS IN GENERAL EQUILIBRIUM
Bulletin Numbe 902 Septembe 1990 ECONOMIC DEVELOPMENT CENTER I L L COMPETITION AMONG RENT SEEKING GROUPS IN GENERAL EQUILIBRIUM Tey L. Roe Theodoe GahamTomasi ECONOMIC DEVELOPMENT CENTER Depatment of
More informationHow do investments in heat pumps affect household energy consumption?
Discussion Papes Statistics Noway Reseach depatment No. 737 Apil 203 Bente Halvosen and Bodil Meethe Lasen How do investments in heat pumps affect household enegy consumption? Discussion Papes No. 737,
More information2 r2 θ = r2 t. (3.59) The equal area law is the statement that the term in parentheses,
3.4. KEPLER S LAWS 145 3.4 Keple s laws You ae familia with the idea that one can solve some mechanics poblems using only consevation of enegy and (linea) momentum. Thus, some of what we see as objects
More informationRefer to Figure 171
Chapter 17 1. Inflation can be measured by the a. change in the consumer price index. b. percentage change in the consumer price index. c. percentage change in the price of a specific commodity. d. change
More informationSectoral capabilities and productive structure: An inputoutput analysis of the key sectors of the Brazilian economy
Abstact Sectoal capabilities and poductive stuctue: An inputoutput analysis of the key sectos of the Bazilian economy Nelson Maconi 1 Igo L. Rocha 2 Guilheme R. Magacho 3 The complex elationship between
More informationA Note on Risky Bond Valuation
A Note on Risky Bond Valuation C. H. Hui Banking Poliy Depatment Hong Kong Monetay Authoity 0th Floo,, Gaden Road, Hong Kong Email: ChoHoi_Hui@hkma.gov.hk C. F. Lo Physis Depatment The Chinese Univesity
More informationOn Correlation Coefficient. The correlation coefficient indicates the degree of linear dependence of two random variables.
C.Candan EE3/53METU On Coelation Coefficient The coelation coefficient indicates the degee of linea dependence of two andom vaiables. It is defined as ( )( )} σ σ Popeties: 1. 1. (See appendi fo the poof
More informationLöschel, Andreas; Lange, Andreas; Hoffmann, Tim; Böhringer, Christoph; Moslener, Ulf
econsto www.econsto.eu De OpenAccessPublikationsseve de ZBW LeibnizInfomationszentum Witschaft The Open Access Publication Seve of the ZBW Leibniz Infomation Cente fo Economics Löschel, Andeas; Lange,
More informationFigure 2. So it is very likely that the Babylonians attributed 60 units to each side of the hexagon. Its resulting perimeter would then be 360!
1. What ae angles? Last time, we looked at how the Geeks intepeted measument of lengths. Howeve, as fascinated as they wee with geomety, thee was a shape that was much moe enticing than any othe : the
More informationPY1052 Problem Set 3 Autumn 2004 Solutions
PY1052 Poblem Set 3 Autumn 2004 Solutions C F = 8 N F = 25 N 1 2 A A (1) A foce F 1 = 8 N is exeted hoizontally on block A, which has a mass of 4.5 kg. The coefficient of static fiction between A and the
More informationLab #7: Energy Conservation
Lab #7: Enegy Consevation Photo by Kallin http://www.bungeezone.com/pics/kallin.shtml Reading Assignment: Chapte 7 Sections 1,, 3, 5, 6 Chapte 8 Sections 14 Intoduction: Pehaps one of the most unusual
More informationAN IMPLEMENTATION OF BINARY AND FLOATING POINT CHROMOSOME REPRESENTATION IN GENETIC ALGORITHM
AN IMPLEMENTATION OF BINARY AND FLOATING POINT CHROMOSOME REPRESENTATION IN GENETIC ALGORITHM Main Golub Faculty of Electical Engineeing and Computing, Univesity of Zageb Depatment of Electonics, Micoelectonics,
More informationThe LCOE is defined as the energy price ($ per unit of energy output) for which the Net Present Value of the investment is zero.
Poject Decision Metics: Levelized Cost of Enegy (LCOE) Let s etun to ou wind powe and natual gas powe plant example fom ealie in this lesson. Suppose that both powe plants wee selling electicity into the
More informationTrigonometric Functions of Any Angle
Tigonomet Module T2 Tigonometic Functions of An Angle Copight This publication The Nothen Albeta Institute of Technolog 2002. All Rights Reseved. LAST REVISED Decembe, 2008 Tigonometic Functions of An
More informationNUCLEAR MAGNETIC RESONANCE
19 Jul 04 NMR.1 NUCLEAR MAGNETIC RESONANCE In this expeiment the phenomenon of nuclea magnetic esonance will be used as the basis fo a method to accuately measue magnetic field stength, and to study magnetic
More informationMagnetic Field and Magnetic Forces. Young and Freedman Chapter 27
Magnetic Field and Magnetic Foces Young and Feedman Chapte 27 Intoduction Reiew  electic fields 1) A chage (o collection of chages) poduces an electic field in the space aound it. 2) The electic field
More informationFixed Income Attribution: Introduction
18th & 19th Febuay 2015, Cental London Fixed Income Attibution: A compehensive undestanding of Fixed Income Attibution and the challenging data issues aound this topic Delegates attending this twoday
More informationmv2. Equating the two gives 4! 2. The angular velocity is the angle swept per GM (2! )2 4! 2 " 2 = GM . Combining the results we get !
Chapte. he net foce on the satellite is F = G Mm and this plays the ole of the centipetal foce on the satellite i.e. mv mv. Equating the two gives = G Mm i.e. v = G M. Fo cicula motion we have that v =!
More information