AQA • ULC ECONS

Point Estimator - ANS Estimates the value of an unknown parameter using a single value Interval Estimator - ANS Draws inferences about a population parameter using an interval Unbiased Estimator - ANS Has an expected value (long-run average) which equals the parameter being estimated Consistent - ANS Approaches the value of the parameter it is estimating as the sample size increases Relative Efficiency - ANS If there are two unbiased estimators of a parameter, the one whose variance is sma...

To come - ANS Aanaa, Aaie, aao, mera dost aata hai To go - ANS Jaana, jaie, jao, main ravivaar ko shopping par jaata hoon To sleep - ANS Sona,soie, so, Mera papa har raat aath ghante sota hain. To get up - ANS Uthna, Uthae, Utho, Main har roz saath baje uthata hoon To wake up - ANS Jaagna, jaagie, jago, Mera bhai dus baje jagata (?) hain. To tell - ANS Bataana, batiye, batao, main tumhe sab kutch bataata hoon To speak - ANS Bolna, boliye, bolo, ve thora Hindi bolte hain. To say - ANS Kahn...

Introduction question - ANS - Graduated from UCL, BSc economics - student club - RB case competition - hobbies: free-diving (AIDA certification) Why LBS (why school) - ANS - Alumni: - Professional development - gift trip Why MiM programme (not mfa) - ANS - practical designed courses - diverse and global outlook - employment data as proof Why postgraduate? - ANS - connection with likeminded inviduals - enhance career prospects Student association or club - ANS - Women in business: (co...

Describe the location - ANS -South East England -Capital of England -River Thames runs through it -Bordered by counties such as Kent, Essex and Buckinghamshire -Population of 9 million - expected to reach 10 million in 2030 What is the importance of London? - ANS -Transport links - M25, rail links nationally, 4 major international airports 55% of the UK's foreign direct investment is into London and the South East -Major learning centres, e.g. UCL and imperial college, museums -Movemen...

Define - ANS Research done over long period of time where sample stays the same Why use them? - ANS - allows to measure society over time - allows comparisons to be made - correlations can be identified - cause and effect relationship established - measure things like poverty over life chances Example- 7Up series 1964 - ANS - followed lives of 14 British children aged 7 from different backgrounds - returned every 7 years to see how their lives changed - most recent documentary 63 Up was ...

In the liver what is the role of the gall bladder ? your gall bladder where bile is produced and transported via the bile duct releasing the bile into the duodenum Answer = Bile production What is the definition of cholestasis Cholestasis = The reduced bile secretion or flow due to problem with hepatocytes production of bile acid or a blockage of the gall bladder or associated ducts that help transport bile. The liver has metabolic, synthetic and excretory functions, what are the metabo...

Which of the following is the best example of opportunity cost? Select one: a. a company's expenditures on a training program for its employees b. the rate of return on a company's investment c. the amount of money that a company can earn by depositing excess funds in a money market fund d. the profit that a company forgoes when it decides to drop one product line in favor of another one - ANS d. the profit that a company forgoes when it decides to drop one product line in favor of anoth...

Net Present Value (NPV) - ANS = cash flow / [(1+ discount rate)^ number of years] profitability index - ANS = present value of future cash flows / initial investment ex-rights price equation - ANS = (value of existing shares + value of new shares) / (# of shares) CAPM - ANS Cost of equity = cost risk free + beta * (cost of market - cost risk free)

Net Present Value (NPV) - ANS = cash flow / [(1+ discount rate)^ number of years] profitability index - ANS = present value of future cash flows / initial investment ex-rights price equation - ANS = (value of existing shares + value of new shares) / (# of shares) CAPM - ANS Cost of equity = cost risk free + beta * (cost of market - cost risk free)

What is a strictly dominant strategy? A strategy which always provides a greater payoff when compared to other strategies (cannot provide an equal payoff; that would be weakly dominant). What is a weakly dominant strategy? A strategy which provides a greater than or equal payoff to other strategies. (Think of it as greater than or equal to) What is a pure strategy nash equilibrium? A nash equilibrium which arises from playing a specified strategy (I will play this action specifically) wh...