Adam Smith on labour and value: challenging the standard interpretation

This paper was presented at the Seminars of the Department of Foundations of Economic Analysis I, University of the Basque Country in September 2004.

A Fundamental Contradiction in Standard Rent Theory: A Case Study on Varian's "Intermediate Microeconomics"

In this paper, I examine Varian’s treatment of rent in his textbook on Microeconomics. I argue that he holds contradictory conceptions: sometimes rent is defined as surplus over cost whereas sometimes it is defined as cost, as the opportunity cost of fixed factors. I start by arguing that the distinction between fixed and variable factors is not the key for the definition of rent; ultimately, it is monopoly. Varian’s conception of rent is, essentially, Ricardo’s: rent is extraordinary profit turned rent. On the basis of a selfinconsistent notion of opportunity cost, Varian introduces the idea that rent is the opportunity cost of land, when what he actually defines is the opportunity cost of not renting the land. I also critically examine the related notion of “producer’s surplus”, and show that Varian’s treatment repeats the same contradiction as in rent.

Trend analysis in two standard growth models

This paper analyzes the trend processes characterized by two standard growth models using simple econometrics. The first model is the basic neoclassical growth model that postulates a deterministic trend for output. The second model is the Uzawa-Lucas model that postulates a stochastic trend for output. The aim is to understand how the different trend processes for output assumed by these two standard growth models determine the ability of each model to explain the observed trend processes of other macroeconomic variables such as consumption and investment. The results show that the two models reproduce the output trend process. Moreover, the results show that the basic growth model captures properly the consumption trend process, but fails in characterizing the investment trend process. The reverse is true for the Uzawa-Lucas model.

Diseño de un array de antenas en tecnología microstrip

[ES]Este trabajo de fin de grado trata sobre el diseño de un array de antenas en tecnología microstrip para ser utilizado en la banda de 5 GHz del estándar de tecnologías inalámbricas IEEE 802.11a. Se buscará aplicar la teoría de arrays para conseguir la mayor ganancia posible, pero al mismo tiempo tratando de obtener un gran ancho de banda para que la antena sea óptima dentro de la mayor parte posible de la banda especificada. El proyecto partirá de un único parche microstrip para posteriormente ir evolucionando el diseño hasta llegar a un array de 2x2 elementos. Al primer diseño se le irán añadiendo progresivamente todos los componentes necesarios (red de adaptación, desfasadores, mayor número de parches, etc.) para poder ir estudiando las simulaciones a la vez que el diseño progresa. Todos los diseños se realizarán con el software ADS (Advanced Design System) de la compañía Agilent Technologies. Finalmente se fabricará el array diseñado y se medirá para contrastarlo con las simulaciones.

Towards a standard methodology to evaluate internal cluster validity indices

The evaluation and comparison of internal cluster validity indices is a critical problem in the clustering area. The methodology used in most of the evaluations assumes that the clustering algorithms work correctly. We propose an alternative methodology that does not make this often false assumption. We compared 7 internal cluster validity indices with both methodologies and concluded that the results obtained with the proposed methodology are more representative of the actual capabilities of the compared indices.

Density-potential mapping in the standard and quantum electrodynamical time-dependent density functional theory

131 p.

Gold Standard and Reforms of The International Monetary System

This academic work is based on the study of the gold standard, its evolution over the years, their periods of boom and crisis. We will also discuss the arguments that some economists back the return to this monetary system.