ECON701 – Applied Microeconomics代写assignment

学生学校,奥克兰理工大学(AUT)

The use of data and econometric methods to test microeconomic theory. Applied micro is an umbrella term that includes labor, urban, education, industrial organization, public, health, and environmental economics.

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2 General Equilibrium Theory
2.1 Introduction
2.2 Exchange economies
2.3 Some formalities
2.4 Pareto efficiency
2.5 Allocation mechanisms
2.5.1 Prices and markets
2.5.2 Bargaining and the core
2.6 Beyond the Edgeworth Box .
2.6.1 Competitive market exchange .
2.6.2 The FWT (in the general case) .
2.6.3 The core and the Edgeworth Conjecture

3 Confronting Risk
3.1 Introduction
3.2 A useful diagram
3.3 States and consequences

3.4 Attitudes to risk
3.5 Expected utility theory
3.6 Risk attitude in the HY diagram

4 Markets for Risk 87
4.1 Introduction
4.2 Insurance
4.2.1 Moral hazard in insurance contracting
4.3 Labour contracts
4.4 Parimutuel betting and prediction markets
4.4.1 Applying the HY diagram
4.4.2 Demand from risk-averse bettors
4.4.3 Equilibrium odds
4.4.4 Equilibrium with risk-averse bettors
4.4.5 Risk-seeking: The “favourite-longshot bias”
4.4.6 Prediction markets
4.5 Pricing …nancial securities
4.5.1 Arbitrage and complete markets
4.5.2 The Capital Asset Pricing Model (CAPM)

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