ECON 314 Lecture Notes - Lecture 7: Net Present Value, National Accounts
27 Mar 2018
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Calculations on the board are not in exam. 11. 3 the development planning process: some basic models (cid:523)cont"d(cid:524: multi-sector models and sectoral projections, can be extended in 2 ways: Inter-industry or input-output models: sam models where data from national accounts, bop, and flow-of-funds databases is supplemented with household survey data, cge models where utility and production functions are estimated and impacts of policies are simulated. 11. 3 the development planning process: some basic models (cid:523)cont"d(cid:524: project appraisal and social cost-benefit analysis, basic concepts and methodology, specify objective function, compute social measures, establish decision criterion. 11. 3 the development planning process: some basic models (cid:523)cont"d(cid:524) Net present value, or npv is given by:
