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“economics for actuaries”的内容更新

累计：10 篇（自 2009-09-15 起）

更新：约4篇/年，最后更新886 天前

economics for actuaries

how the increase in goverment spending will effect t

according to the keynesians , an increase in govement spending will lead to rise in the national income  ,the logic given is as investment increase ,the supply will increase and so is the demand will increase . goverment undertaking of socially welfare projects such as building roads , dams , hospital etc, will not only provide employment but will emp... (308 天前)

http://inezha.com/w/szlluxr

economics for actuaries

phillips curve

in any society , inflation and unemployment are two major worries that the goveement has to solve for. a phillips curve shows a relationship between inflation and unemployment , computed empirically through various data collected over a period of time.the curve shows , that as inflation increases unemployment decreases and vice versa , they follow an ... (308 天前)

http://inezha.com/w/w4iyrwf

economics for actuaries

chapter 7- the theory of firm

to understand the theory of firm , you need to understand their secretive language , known as technical jargon. so first start what is a firm .a firm is an institution whose primary objective is to churn profit.economic profits = economic revenues - economic costsso how to increase the profit , by the above equation and by some common sense we can s... (308 天前)

http://inezha.com/w/ll7z2wm

economics for actuaries

chapter 6- stochastic dominance ,utility and insuran

the chapter looks utility with an insurance and insured view point.a consumer goes for his happinessan investor goes to increase his wealthand an insured goes to safeguard his wealth.and we have different utility functions and probability function rolled into one to give us a picture of this utility function.stochastic dominancewhen one investmen... (308 天前)

http://inezha.com/w/k3l9bw5

economics for actuaries

chapter 5 - utility and investor

the chapter 4 discusses utility with a consumer view point , how consumer chooses between different consumer bundle given.this chapter discusses utility with an investor view point.economist consider that the happiness (utility ) of investor is link with the increase in wealth. it means an investor will invest in that portfolio which can give him more... (308 天前)

http://inezha.com/w/dvi6jw2

economics for actuaries

chapter 4- consumer choice

economist are really dumb people or a cynic of highest order. in order to understand why people choose a over b , or why they like rose over sunflower , jeans over trouser. they try to undersand this by a term called utility function. which can be termed as an economics definition of happiness.for them a consumer make choice in order to maximize his u... (308 天前)

http://inezha.com/w/i57kyw0

economics for actuaries

chapter 3 - elasticity

the demand and supply curve only give us a vague picture a vantage point , of the relationship between the supply and the demand. but as a economist it is essential to get a quantitative estimate . for example how much a change in price will effect the demand or change in supply . which in a word is referred to as elasticity in economics . in a general... (308 天前)

http://inezha.com/w/vxlcuwl

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