POL309Y5 Lecture Notes - Lecture 5: Dynamic Stochastic General Equilibrium, Comparative Statics, Joseph Schumpeter

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silvergnu589

25 Mar 2023

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Pol309 l5: the positive economic model of economic "science": factors of production, income distribution, equilibrium and economic optimality. Economic models and the value judgments implicit within them. The impact of monopoly power on social good. No need to talk about the ruling class because they"re all the ruling class. In the language of the positive model, there is only one best outcome. By assuming unquestioningly the status quo, that is a value judgment, one in favour of the status quo. Positive model doesn"t question the existing distribution of wealth and power and thereby makes and implicit value judgment in favour of the status quo. Can"t say not making a value judgment when you uncritically accept what is. This suggests that positive economic theory leads to normative questions but fails to answer them. Also worth noting is that the methodology of the model is one of comparative statics.

Related Questions

According to the textbook, all of the following statements regarding the use of a reimbursement dossier in the US are true except:

a. Its development should be initiated after a regulatory submission has been made and the company is awaiting a decision from the FDA

b. It includes information about the product, key clinical studies and results, economic evaluation of data, modeling reports, and an overall assessment of product value and cost

c. It is typically distributed to payers just after final labeling becomes available from the FDA

d. It anticipates and addresses the information requirements of payers’ technology assessment organizations

rafi_mokdad

Subject- civics

"Let's Get Controversial"

It's time to talk about a real issue upon which our political parties have taken solid stands, and greatly oppose one another.

Instructions: You are to read the party platforms (their stand and position on a given topic), given below. Objectively read (that means to keep your personal opinion out of it!!!) the party stand on the issue of abortion. In a discussion board post, answer the following questions.

• Based upon their statements of belief, which political party's platform sounds most in favor of the population majority?

• What party sounds like it favors a smaller group of people?

• What party stand do you most favor?

• What party do you think is most distant from reality?

• What party's candidate would you most be inclined to vote for in a major election?

In all your responses, make sure you give an explanation why you've stated what you've posted.

MOST IMPORTANT!!!! Do not pass judgment, flame, or use derogatory expressions (don't "name call").

Here are the party platforms:

Republican Party on Abortion--Ban abortion with Constitutional amendment

We say the unborn child has a fundamental right to life. We support a human life amendment to the Constitution and we endorse legislation that the 14th Amendment’s protections apply to unborn children. Our purpose is to have legislative and judicial protection of that right against those who perform abortions. We oppose using public revenues for abortion and will not fund organizations which advocate it. We support the appointment of judges who respect the sanctity of innocent human life.
Source: Republican Platform adopted at GOP National Convention Aug 12, 2000

Democratic Party on Abortion--Choice is a fundamental, constitutional right

Democrats stand behind the right of every woman to choose. We believe it is a constitutional liberty. This year’s Supreme Court ruling show us that eliminating a woman’s right to choose is only one justice away. Our goal is to make abortion more rare, not more dangerous. We support contraceptive research, family planning, comprehensive family life education, and policies that support healthy childbearing.
Source: Democratic National Platform Aug 15, 2000

Green Party on Abortion

We believe the right of a woman to control her own body is inalienable. It is essential that the option of a safe, legal abortion remains available.
Source: Green Party Platform, at 2000 National Convention Jun 25, 2000

Libertarian Party on Abortion-Abortion is a woman’s choice and does not concern the state

Recognizing that abortion is a sensitive issue and that libertarians can hold good-faith views on both sides, we believe the government should be kept out of the question. We condemn state-funded abortions. It is particularly harsh to force someone who believes that abortion is murder to pay for another’s abortion. It is the right of the woman, not the state, to decide the desirability of prenatal testing, Caesarean births, fetal surgery, and/or home births.

2bq2xhyg2c

PL/SQL language

STATEMENTS :
A Bank is characterized by:
• Bank code: character on 10 positions,
• Company name: character on 10 positions
• Capital: Numeric with 3 positions after the comma,
• Address: character on 10 positions.
It has a set of Agencies. Each Agency is characterized by:
• Agency code: character in 10 positions,
• Label: character in 10 positions,
• Address: character on 10 positions,
• Latitude: character on 10 positions,
• Longitude: character in 10 positions.
An Agency has several clients. A Client is characterized by:
• Customer code: character on 10 positions,
• Name: character in 30 positions,
• Address: character in 30 positions,
• Telephone: character on 10 positions
A Client may have 1 or more Accounts. An Account is characterized by:
• Account number: character on 10 positions,
• Balance: Numerical with 3 positions after the comma,
• Flow rate threshold: Numeric with 3 positions after the decimal point,
• Balance date: Date.

• State: character on 10 positions.

There are two types of Account
• Current account
• Savings account.
An Account can have one or more Cards attached to it. A Card is characterized by:
• Card number: character on 16 positions
• Type of card: character on 10 positions
• Ceiling: Numerical with 3 positions after the decimal point
• Expiration date: Date

QUESTIONS :
1. Give the class diagram.
2. Give the different tables indicating the relationships between the different Tables.
3. Write a Withdraw function in PL/SQL that takes an account number as an argument and a withdrawal amount then performs the withdrawal operation by modifying the balance in the Account table. Note the withdrawal can only be made if balance – amount > threshold. The function returns the new balance after the withdrawal.
4. Write a Payment function in PL/SQL that takes as argument a number of the account and an amount then updates the balance in the Account table. The function returns the new balance after withdrawal.
5. Write a trigger to raise an exception in the event of a decrease in the balance of an account whose status is “blocked”.
6. To archive the history of Account table update operations, create a History table (NumCpt, operation_date, operation_type). Write a trigger allowing, after the execution of each operation on Account, to add a tuple regarding this operation to the History table.
7. Write a Withdrawal_Card function in PL/SQL which takes as argument a card number card and an amount then updates the balance in the Account table. Function returns the new balance after the withdrawal. The withdrawal can only be made if the balance allows him and the ceiling.
8. Write a trigger allowing to raise an exception in the case of an expiration of the date of a card.
9. Write a procedure that allows each Bank to display the branch code, wording of the Agency, name and balance of the Client having the largest balance in this Agency.
10. Write a PL/SQL procedure to display for all Agencies the three first highest Account balances, if there is not only one balance then display for the second and third, the same value as the first; and if he only two different balances exist, so display the same value for the third than the second.

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POL309Y5 Lecture Notes - Lecture 5: Dynamic Stochastic General Equilibrium, Comparative Statics, Joseph Schumpeter

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