Mathematics : Mathematics And Real Economics

The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.

A corporate business enterprise is established under a specific legal framework where laws governing the operations and functioning of the enterprise are outlined. The activities of the enterprise are monitored and therefore such an enterprise is recognized by law. This is important due to the fact that legal suits can be filed by the enterprise within the provisions of the law.

Risk of a portfolio (combination of shares) depends on the correlation between the expected return of every pair of shares in a portfolio. Correlation varies between +1 and -1. Thus a perfectly positively correlated portfolio would mean a +1 and a negatively correlated portfolio would mean -1. In a positively correlated portfolio the expected return would move in the same direction in the same proportion at all times, however in a negatively correlated portfolio the returns would move in the opposite direction (J Ogilvie & B Koch 2002).

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

Despite the city’s positive response to the coffee shop’s renovation, other businesses in the area have not followed suit in renovating the many decrepit buildings and abandoned lots. How might the presence of an externality be in part the cause of this?

1. (10 pts.) Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision?

Ans: the random variable is being used in statistics and probability most of the time. This is also called stochastic or aleatory variable as his has an ability of making its values vary according to the subject or according to the chance that occur. A random variable has the ability of taking a set of different kind of values that also have the different value with the value associated with it.

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Economics is a part of everyday life. Freakonomics by Steven D. Levitt and Stephen J. Dubner explains how this idea is practically portrayed. Some may be skeptical of this idea, but in reality, economics is the simple action of making choices (book). Taking into account the cost, or sacrifices, and benefits, or perks, to making one decision. Although each step may not be consciously thought of in this way each time an individual makes a choice, they weigh the options and obstacles presented before them.

3 Answer A A tax can be used to ensure that those who generate harmful effects pay for them rather than third parties. 4 Answer B Public goods cannot be left to market forces as they are non-rival and non-excludable. A and C refer to merit goods and D to demerit goods. 5 Answer B More training, if in appropriate areas, should enable workers to move more easily from declining to expanding industries. A would help to reduce geographical immobility. C and D would be likely to increase demand and employment. 6 Answer B The socially optimum output is where MSB equals MSC, at point W. To achieve this output costs need to rise to incorporate external cost. The marginal external cost at W is represented by the gap between MSC and MPC.

For many, economics seems like a field where people sit around studying boring charts and developing statistics, In reality, economics is an exciting field of study that looks at how rational human behavior impacts decision making. No matter how rich an economy is, there is always a limited supply of resources. Economics looks at how these resources are distributed and created.

This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely.

Defined by Coopers textbook, risk is the exposure to the consequences of uncertainty and has two elements: the likelihood of something happening that has an impact on the project objectives, and the positive or negative consequences of something impacting the project objectives (Cooper, Grey, Raymond, & Walker, 2005)

The Black Scholes Merton (BSM) model is the best-known model for valuing options as it is the original of many option pricing models today (Haug and Taleb, 2009; Le, 2015). Developed in 1973 by Fisher Black, Myron Scholes and Robert Merton, the BSM model is still widely used today as the benchmark for many models and techniques that financial analysts use to analyse and determine the fair prices of given options (Jumarie, 2010). It is widely used due to its simplicity however there are many criticisms regarding the assumptions made by the model (Bharath and Sumway, 2008; Haug and Taleb, 2009; Le, 2015)

Mathematics is the one of the most important subjects in our daily life and in most human activities the knowledge of mathematics is important. In the rapidly changing world and in the era of technology, mathematics plays an essential role. To understand the mechanized world and match with the newly developing information technology knowledge in mathematics is vital. Mathematics is the mother of all sciences. Without the knowledge of mathematics, nothing is possible in the world. The world cannot progress without mathematics. Mathematics fulfills most of the human needs related to diverse aspects of everyday life. Mathematics has been accepted as significant element of formal education from ancient period to the present day. Mathematics has a very important role in the classroom not only because of the relevance of the syllabus material, but because of the reasoning processes the student can develop.