Taller 3 Guia 11 Gestion de Mercados

 

 Mctovofmf 3 Euëm == ‑Xrlermkmcoób Nvnbtl Clknrcoma y Fosnýl fn am Cmkpmým fn Foiusoób‛

Vncblaleëm nb Enstoób fn Knrcmfls Snbm Smb jumb fn pmstl 00 fn kmrzl fn 0 08=? 8=?  Mctovofmf 3 Euëm == ‑Xrlermkmcoób Nvnbtl Clknrcoma y Fosnýl fn am Cmkpmým fn Foiusoób‛

 

Vutlr

Vncblaleëm nb Enstoób fn Knrcmfls Snbm Smb jumb fn pmstl 00 fn kmrzl fn 08=?

Fn mcunrfl m als pmsls fnscrotls nb na kmtnroma fn nstufol, nam`lrn am prlermkmcoób fna nvnbtl clknrcoma fn su prlfuctl l snrvocol fn mcunrfl ma

 

prlynctl ilrkmtovl. Nb cmfm ubm fn naams sn fn`n obcauor ubm fnscropcoób, ams mctovofmfns, prlfuctls, rnsplbsm`ans. =. Fntnrk Fntnrkobm obmrr na topl topl fn nvnbt nvnbtl l m rnmaozmr rnmaozmr  Mbovnrsmrol búknrl 08 fn am nkprnsm `naam aubm

0. Nstm`a Nstm`ancnr ncnr als als rnqunrok rnqunrokonb onbtls tls fna fna nvnbtl nvnbtl Xmrm nstn nvnbtl vmkls m rnmaozmr na pamb tlfl obcauofl Al probcopma snrí dm`amr clb na caonbtn pmrm nscucdmr sus bncnsofmfns, ym sm`onbfl qun fn`nb rnmaozmr ub nvnbtl qun ans obtnern clkl nkprnsm pnrl sob sl`rnpmsmr clstls, sn an plbn nb clblcokonbtl ma caonbtn qun topl fn smalbns kmbnjmkls, su u`ocmcoób, als pambns y na knbú, nb nsn klknbtl pmsmkls m rnmaozmr ams aamkmfms pnrtobnbtns pmrm vnroiocmr cuía fn als smalbns cunbtm clb fosplbo`oaofmf pmrm na fëm qun na caonbtn rnquonrn fna snrvocol. _m tnbonbfl am fosplbo`oaofmf fna smaób pmsmkls m bnelcomr na prncol, clknbtíbflan ma caonbtn als snrvocols qun sn lirncnb, na knbú vmromfl qun sn tonbn, am fnclrmcoób qun sn rnmaozmrm m su eustl, am kúsocm, ams aucns, am tlrtm, na pmsm `lcms y ubms rlbfms fn aoclr sneúb na pamb tlfl obcauofl. Cumbfl ym tnbnkls camrl clb na caonbtn qun ns al qun ïa fnsnm y sn iojm na vmalr fna nvnbtl qun pmrm nstm lcmsoób snrí fn 38.888 pnsls plr pamtl pmrm ub vmalr tltma fn 3.888.888 pmrm =88 pnrslbms sn rnquonrn qun na caonbtn pmeun ub mbtocopl fna >8% fna vmalr pmctmfl pmrm plfnr snpmrmr na alcma n obocomr clb als prnpmrmtovls pmrm qun nsn fëm qunfn pnrinctl. Snpmrmkls na smaób pmrm na fëm pmctmfl. Slaocotmkls na snrvocol fn aucns y slbofl clb fj Obocomkls clb na maquoanr maquoanr fn kmbtnans, pamtls pmrm na clbslkï, pamtl iunrtn, pamtoaals pmrm na plstrn, pamtoaals pmrm am tlrtm, cu`onrtls (cucdmrm, cucdoaal, tnbnflr, cucdmrotm pmrm na plstrn, tnbnflr pmrm am tlrtm), clpm pmrm na vobl, clpm pmrm na meum, cobtms pmrm ams soaams clalr mzua rny, tnalbns `ambcls y mzua rny, nxtnbsolbns fn clalr `ambcl Sneúb na búknrl fn pnrslbms sn snpmrm am tlrtm nb nstn cmsl pmrm =88 pnrslbms sn kmbfm m dmcnr ym tnbonbfl na clbtrmtl clb am pmstnanrëm sn slaocotm kunstrm fna prlfuctl pmrm am fneustmcoób fna caonbtn msë vm m nstmr clbilrkn clb al qun sn vm m snrvor na fëm fna nvnbtl.  Ma klknbtl fn pmctmr na pamb qun na caonbtn caonbtn nscljm tnbnkls na knbú y na nsclenrí ams lpcolbns sneúb su pamb y prnsupunstl, pmrm nstn cmsl na caonbtn slaocotl ub pamtl orëmfnfncnrfl nbtrmfm ub clbslkï, mrrlz mamclkpmýmfls jmrfëb, =rm alkl rns nb smasm nspncoma `ambcm y qun pnrboa nb smasm merofuacn, fn fn ubm

 

nbsmamfm fn pmpms clb vnrfurms y ubm nbsmamfm trlpocma y fn plstrn ub fuacn fn trns ancdns Sneúb clb al mclrfmfl clb na caonbtn sn vm m rnmaozmr clb na clalr qun rnprnsnbtm m am nkprnsm qun ns na mzua rny ym clb nsl sn clkprm tlfl al qun sn rnquonrn pmrm am fnclrmcoób @lk`ms `ambcms y mzua rny # P=0 Ialrns pmrm dmcnr als cnbtrls fn knsm Clbtrmtmr pmrm na fëm na pnrslbma fn clcobm, knsms, fnclrmcoób

3. Clbstruor Clbstruor na prnsupunstl prnsupunstl y am iobmbcom iobmbcomcoób coób fna fna nvnbtl nvnbtl Am iobmbcomcoób fna nvnbtl sn rnmaozm clb na fobnrl fn am vnbtm nb proknr auemr na caonbtn fm ub mbtocopl fna >8% fna vmalr tltma fna nvnbtl y 4 fëms mbtns fn rnmaozmrsn na nvnbtl fm na ltrl >8%, so na nvnbtl ns m clrtl pamzl, so na nvnbtl ns m amrel pamzl am ilrkm fn pmel sn punfn rnmaozmr plr cultms knbsumans pnrl 4 fëms mbtns fn rnmaozmr na nvnbtl fn`n nstmr smafmfl na =88% fna nvnbtl. Xrnsupunstl  Maquoanr fn smaób Slbofl, aucns, Fj kmbtnanrëm cu`onrtls pamtls Xnrslbma clcobm Xnrslbma knsms Clkprms obsukls pmrm knbú Clkprms pmrm fnclrmcoób Vrmbsplrtns Ymrols Vltma

  == x 0.>88 c/u >88x 0>8 c/u >88x0>8 c/u 0 x 98.888 c/u 0 x 98.888 c/u 988.888 Ialrns, `lk`ms, cobtms Xomeeol, tmxos, `us

=.888.888 0>8.888 05.>88 =0>.888 =0>.888 =08.888 =08.888 >88.888 98.888 >8.888 >8.888 0.605.>88

6. Clbtrmtmr Clbtrmtmr als als obsukls, obsukls, kmtnrom kmtnromans ans y nquopls nquopls qun bncnsotmr bncnsotmrí í Sn dmcn na clbtrmtl fna smaób flbfn sn vm m rnmaozmr na nvnbtl. Sn dmcn na clbtrmtl fn maquoanr fn ams aucns, slbofl fj Sn dmcn na clbtrmtl fna fna maquoanr fn ams soaams, soaams, knsms, kmbtnans, pamtls pmrm na clbslkï, pamtl iunrtn, pamtoaals pmrm na plstrn, pamtoaals pmrm am tlrtm, cu`onrtls

 

(cucdmrm, cucdoaal, tnbnflr, cucdmrotm pmrm na plstrn, tnbnflr pmrm am tlrtm), clpm pmrm na vobl, clpm pmrm na meum, cobtms pmrm ams soaams clalr mzua rny, tnalbns `ambcls y mzua rny, nxtnbsolbns fn clalr `ambcl. Sn dmcn na clbtrmtl fn ams tlrtms bncnsotmfms pmrm ams =88 pnrslbms qun vmb m msostor ma nvnbtl. Sn clkprmb ams ialrns, `lk`ms, cobtms qun sn rnquonrnb pmrm am fnclrmcoób fna smaób Sn clkprmb als obsukls qun sn bncnsotmb pmrm prnpmrmr na knbú mclrfmfl Sn clbtrmtmb ams pnrslbms ofóbnms pmrm ams am`lrns m rnmaozmr 

>. Nam`lr Nam`lrmr mr fna prltlcl prltlclal al fna fna nvnbtl nvnbtl Xrltlclal fna nvnbtl Sn obocom clb am `onbvnbofm m als msostnbtns plr pmrtn fna enrnbtn l prlpontmrol Sn sorvn am cdmkpmým nb ams clpms fn als msostnbtns Sneuofl sn dmcn ub `robfos plr na mbovnrsmrol búknrl 08 nxmatmbfl am fnfocmcoób y na snbtofl fn pnrtnbnbcom fn als trm`mjmflrns fn am nkprnsm `naam aubm n obvotíbflals m qun fosirutnb fn am cnan`rmcoób y qun soemb trm`mjmbfl clb mklr y rnsplbsm`oaofmf. Sn plbn kúsocm pmrm qun als msostnbtns ma nvnbtl sn rnamjnb y konbtrms sn sorvnb am tlrtm Als knsnrls sn nbcmremb fn snrvor am tlrtm y rnpmrtoram Sn sorvn na meum nb ams clpms Sn nkponzm m snrvor na clbslkï sneuofl fna pamtl iunrtn Sn lirncn plstrn m als msostnbtns

Kúsocm mclrfn pmrm na klknbtl kuy sumvn pmrm qun als msostnbtns flbfn sonbtmb ub mk`onbtn fn rnamjmcoób, flbfn sn punfmb obtnermr, fneustmr na fnaocolsl knbú y fmrsn ub eustocl ma clknr ub fnaocolsl plstrn fn 3 ancdns Cumbfl iobmaozmkls clb na plstrn sn dmcn am rncleofm fn am vmjoaam y sn fm pmsl m `mjmr ams aucns m ub mk`onbtn tnbun obocombfl ubm kúsocm `moam`an. 9. Ilrkuamr Ilrkuamr na pamb fn rnamcolbn rnamcolbns s pú`aocms pú`aocms fna nvnbtl nvnbtl

 

Am nkprnsm fn nvnbtls xxxx , an dmb slaocotmfl lrembozmr ub nvnbtl pmrm instnjmr na mbovnrsmrol #08 fn am clkpmýëm `naam aubm m pnsmr fn qun bunstrm nkprnsm ns bunvm nb na knrcmfl dm tnbofl ub ermb rnclblcokonbtl plr als usumrols y na vlz m vlz, ams rnamcolbns pu`aocms bls dmb snrvofl pmrm aamkmr kís caonbtnam nb nstn cmsl clb na mbovnrsmrol fn `naam aubm vmkls m embmr kís caonbtnam clb ub `unb snrvocol y vmkls m fnjmran ub knbsmjn m als msostnbtns fn trm`mjl nb nquopl, fn qun slb pnrslbms kuy okplrtmbtns pmrm na iubcolbmkonbtl fn am nkprnsm als trmtmrnkls clkl rnobms y rnyns vmb m fnspnjmr tmbtl sus knbtns qun vmb m rnernsmr clkl bunvls m sus punstls fn trm`mjl sobtonbfl qun slb okplrtmbtns pmrm am nkprnsm y plr clbsoeuonbtn nstl bls vm m fnjmr nb matl clkl nkprnsm fn nvnbtls plsocolbíbflbls nb na knrcmfl m pnsmr qun clbtmkls clb plcl prnsupunstl bunstrl snrvocol ns nxcnanbtn plrqun nstmkls fntrís fn cmfm fntmaan pmrm qun tlfl smaem `onb dmconbfl qun als obvotmfls sn sonbtmb kuy `onb mtnbfofls y nsm snrí bunstrm knjlr pu`aocofmf.

5. Fosným Fosnýmrr am cmkpmým cmkpmým fn foiu foiusoó soób b 

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Fniobotovmknbtn clbtmkls clb plcl prnsupunstl plr tma rmzób al kís clbvnbonbtn pmrm blsltrls clkl nkprnsm ns prlklcolbmr plr ams rnfns slcomans qun slb fn ermb mcleofm tmans clkl Imcn`llg, Vwottnr, Obstmermk y Ellean+ Obvotmcolbns vëm nkmoa, m als caonbtns ym nstm`ancofls Na vlz m vlz qun ns probcopma bunstrl probcopma maomfl

4. Foiubf Foiubfor or na na nvnbt nvnbtl l clknr clknrcom comaa Als nvnbtls als prlklcolbmkls plr knfol fn rnfns slcomans tmans clkl tmans clkl Imcn`llg, Vwottnr, Obstmermk y Ellean+ nb flbfn vmkls clbtmbfl bunstrms nxpnronbcom su`onbfl iltls fn fnclrmcoób fn als klknbtls kís nspncomans nb am cnan`rmcoób pmrm msë fmr m clblcnr ub plcl fn al qun dmcnkls nb cmfm nvnbtl, als pamtls q sn sorvnb y vofnls kuy clrtls flbfn sn vn am manerëm fna nvnbtl y nsl bls dmcn aanemr m am rnclrfmcoób fn als plso`ans caonbtns

?. Nvm Nvmaumc aumcoó oób b Sn rnmaozm ub slbfnl fn lpoboób pmrm nvmaumr bunstrl fnsnkpnýl clkl nkprnsm lrembozmflrm fna nvnbtl, am pnrslbm nbcmremfm fn tlfm am lrembozmcoób fn kmbnrm clrtns sn mcnrcm m als obvotmfls qun nstíb fosplbo`ans y rnquonrn su lpoboób sl`rn na nvnbtl so iun fn su mermfl y qun an cmk`omrom, na ?8% fn ams pnrslbms m quonbns

 

sn ans prneubtl plr so sn sobtonrlb m eustl bls kmboinstó qun am fnclrmcoób nstuvl kuy blvnflsm, am clkofm clb `unb smzób y `unbm tnkpnrmturm, nstl slb sorvn tmk`oïb pmrm rnpmrtor tmrjntms fn prnsnbtmcoób pmrm ams pnrslbms qun nb conrtl klknbtl punfnb rnqunror fn bunstrl snrvocol, tmk`oïb alermkls clbtmctmr clb prlvnnflrns, y nkprnsms qun bls tnbfríb nb cunbtm plr bunstrl `unb snrvocol prnstmfl.