Briefly explain the following Conceptual Understanding
question parts (a) and (b)
a) Explain the concept of time value of money,
how that relates to the discount factor and the Net Present
Value
b) A bond with a par value of £1000 and a coupon rate
of 5% is currently trading at £800, work out its current yield
define or briefly explain the following:
a) Derivative
b) Objective function
c) Extreme or stationary values of a function
d) Decision variables
e) Critical values of a decision variable
f) Inflection point
Briefly explain the following concepts in Electricity Regulation:
a. vertical integration
b. Unbunbdling
c. Installed Generation Capacity
d. Available Generation Capacity
e. Peak load
1. Definitions: Briefly explain the following terms:
(a) The Plaza Accord
(b) Utopian socialism
(c) Socialist calculation debate
2. Investment: Why has investment been very high in East Asian
Economies? When answering the question, relate to concepts such as
savings, consumption, taxation, etc.
1. Briefly explain the following:
a) Effective population size.
b) Random genetic drift.
c) Mechanisms which permit maintenance of genetic variability in
natural populations.
d) Phylogeny reconstruction methods.
Briefly explain the following ‘product’ terms: a) product mix,
b) product line, c) brand elements, d) sub brands. What is the
rationale for P&G utilizing ‘individual branding’ strategy for
its line of detergents rather than a ‘family branding’ strategy
(all detergents under one brand name with some sub brands).