The Case is about the decision of the Yale Investments Office whether to continue to allocate the bulk of the university's endowment to illiquid investments--hedge funds, private equity, real estate, and so forth. Important is to consider the risks and benefits of a different asset allocation strategy.

Students through learning this course, should know and grasp the basic theory knowledge of painting color, master the basic method of gouache painting and performance skills, can correctly observe color relationship with performance objective images, lay the foundation shall not less color performance for the follow-up professional courses.

Multiple Choice Quiz 1. Which of the following events illustrates the law of demand: Other things remaining the same, a rise in the price of a good will ________ . A. decrease the quantity demanded of that good B. increase the demand for a substitute of that good C. decrease the demand for the good D. increase the demand for a complement of that good Answer: A The law of demand is the inverse relationship between the price of a good and the quantity demanded. 2. In the market for jeans, which of the following events increases the de-mand for a pair of jeans? A. rise in the wage rate paid to garment workers B. rise in the price of a denim skirt (a substitute for jeans) C. fall in the price of denim cloth D. new technology, which reduces the time it takes to make a pair of jeans Answer: B The other factors listed change the supply; only answer B in-creases the demand. 3. Other things remaining the same, a fall in the price of peanuts will ________. A. increase the supply of peanuts B. decr