Economics Senior Lunch 2018

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Across
  1. 2. Dean of the Tepper School of Business
  2. 6. _______ multipliers are interpreted as the imputed value or shadow prices of inputs for production
  3. 8. Type of function that is easy to compute but whose inverse is very difficult to compute
  4. 9. Informal understanding that governs behavior in a society
  5. 14. Measurement of responsiveness of an economic variable to a change in another variable
  6. 17. Alternative to expected utility theory. Utilities are defined over losses and gains rather than over final wealth levels
  7. 18. A deviation between the observed data and the restrictions on variables imposed by set of first order conditions of a Pareto optimal competitive equilibrium
  8. 20. Which faculty member published a paper called “Local Economics Growth from Primary Election Spending”
  9. 22. Econometric term for the correlation between independent variables and the error terms
  10. 24. When a good/service becomes more valuable the more people use it
  11. 25. Difference between prices that asset sellers demand and buyers require
Down
  1. 1. In the Solow Growth Model, production growth rate declines as __________ accumulates
  2. 3. Akerlof’s paper “The Market for Lemons” describes how asymmetry of information leads to ________ selection
  3. 4. In 1996 (the year many of you were born), the first version of this popular programming language was released
  4. 5. A set of assumptions designed to simplify the world and make it more understandable in order to address a specific question
  5. 7. Tendency to judge the frequency or likelihood of an event by the extent to which it resembles the typical case
  6. 10. Co-Author of “Adapting to Climate Change: Evidence from Long-Run Changes in the Temperature-Mortality Relationship in the 20th Century United States
  7. 11. Which faculty member is an avid bagpiper
  8. 12. Risk to the financial system
  9. 13. Which faculty member won the 2017 The William H. and Frances S. Ryan Award for Meritorious Teaching
  10. 15. Who is the head of the Economics Program
  11. 16. Which faculty member was an Economist with the Ministry of Trade and Industry of Singapore
  12. 19. Process of determining the present value of a payment or a stream of payments that is to be received in the future
  13. 21. Honorary Advisor to the Institute for Monetary and Economic Studies of the Bank of Japan
  14. 23. Number of CMU affiliated Nobel Laureates in Economics
  15. 26. Ballot that stockholders use to vote shares