Managerial Economics Assignments
Appendix A: ASSIGNMENT COVER SHEET | | Date Received:........................................................... | | | Programme | Master of Business Administration | Module Name | Assignment: Managerial Economics | Surname | Amweenje | First Name/S | Edward Ludwig | Student Number | MBA1120419 | Date Submitted | 21 May 2012 | Postal Address | P.O. Box 62705 | | WANAHEDA | | Namibia | | 0000 | E-MAIL myregent email address | @myregent.ac.za | | (Please note that confirmation of assignment receipt as well as return of marked assignment will be forwarded to this email address) | E-Mail (alternate email address) | lamweenje@iway.na | Contact Numbers | Cell: +264 81 215 9604 | | Home : +264 61 246670 / +264 61 219 711 | | Work: +264 61 291 3314 | Signature absent Sent Via E-mail Signature of Student ……………………………………………………………. Date 21 May 2012
I hereby confirm that the assignment submitted herein is my own original work
REGENT Business School
Table of Contents
Managerial Economics Assignment 3
1. Question One 3
1.1. Luthy Amweenje Testing the Table of contents A key challenge that businesses face is scarcity. Explain how the production possibility curve/frontier (PPF) can be used to analyze the fundamental economic challenges (Viz. scarcity, choice and opportunity cost). Choose two products (and with the aid of graphs) that a business may be producing/manufacturing as the basis for your discussion and suggest ways in which the business may redefine their PPF. 3
2. Question Two. 7
Recently inflation targeting, a policy that has been used by the South African Reserve Bank, has come under fire from COSATU‟s Zwelinzima Vavi, for a series of reasons. Discuss inflation targeting in detail, noting the case for it, as envisaged by Finance Minister, Trevor Manual in 2000 and the advantages and possible disadvantages and your thoughts in this respect. 7
3.
I hereby confirm that the assignment submitted herein is my own original work
REGENT Business School
Table of Contents
Managerial Economics Assignment 3
1. Question One 3
1.1. Luthy Amweenje Testing the Table of contents A key challenge that businesses face is scarcity. Explain how the production possibility curve/frontier (PPF) can be used to analyze the fundamental economic challenges (Viz. scarcity, choice and opportunity cost). Choose two products (and with the aid of graphs) that a business may be producing/manufacturing as the basis for your discussion and suggest ways in which the business may redefine their PPF. 3
2. Question Two. 7
Recently inflation targeting, a policy that has been used by the South African Reserve Bank, has come under fire from COSATU‟s Zwelinzima Vavi, for a series of reasons. Discuss inflation targeting in detail, noting the case for it, as envisaged by Finance Minister, Trevor Manual in 2000 and the advantages and possible disadvantages and your thoughts in this respect. 7
3.
Bibliography: Angus, McMillan. http://www.peherald.com/news/article. 22 February 2012. 18 May 2012 <http://www.peherald.com>. Anonymous. “Zimbabwe inflation hits 231 Million %.” The Telegraph (UK) (2012): Front. Froeb, Luke M and Brian T McCann. Managerial Economics. 4th Edotion. Washington D.C.: Thomson South Western, 2008. Heyne, Paul. Micro Economics. New Jersey: Simon and Schuster Custom Publishing, 1994. Marinkov, M and P Burger. Inflation Targeting and Inflation Performance in SA. 2008. 12 March 2012. Masson, Paul R, Miquel A Savastano and Sunil Sharma. “The Scope for Inflation Targeting in Developing Countries.” October 1997. 12 March 2012 <http://papers.ssrn.com>. Maxine, Margolis. “Green Gold and Ice .” 12 June 1979. 17 05 2012 <www.massemergencies.org>. Parkin, Michael, Melanie Powell and Matthews Kent. Economics. 5th Edition. Essex: Pearson Education Limited, 2005. Pindyck, Robert S and Daniel L. Rubinfield. Micro Economics. 5th Edition. Singapore: Pearson Education, 2006. Von Mises, Ludwig. Money and Inflation. 10th Edition. Ed. Bettina Bien Greaves. Alabama: Ludwig Von Mises Institute, 2010.