EC 3101: Microeconomic Analysis II A/P Indranil A/P Indranil Chakraborty All relevant details on EC3101 are in the syllabus The morning office hours on Tuesday will start from the third week of lectures t tf th thi d k fl t Important Highlights Important Highlights • Text book: Intermediate Microeconomics: A modern h approach by Hal R. Varian (8th edition) One midterm and one final exam Please do not email material‚ lecture or exam related questions. Post your questions precisely on IVLE Forum or ask
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What macroeconomic policy prescriptions/strategies would you recommend for Belize in an effort to foster economic growth and development? One characteristic that developing countries’ economies share is vulnerability. Belize is small in size‚ prone to natural disasters and environmental fragility. Belize also has an open economy with a high trade-GDP ratio‚ but its export base is very narrow‚ dominated by primary products (bananas‚ sugar‚ citrus‚ etc.) and natural resources. Therefore‚ the Belizean
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Week 1 Assignment Grantham University Macroeconomics 09 June 2013 Week 1 Assignment Chapter 1 – 3 & 7 3. a. What method is used to ration goods in a market economy? How does this rationing method influence the incentive of individuals to supply goods‚ services‚ and resources to others? The method used is market price rationing. This method is done by applying a price to items that are to be rationed. The higher the price‚ the less people can afford the item
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Multiple Choice Questions 1. Economics is the study of: A. increasing the level of productive resources so there is maximum output in society. B. increasing the level of productive resources so there is a minimum level of income. C. how people‚ institutions‚ and society make choices under conditions of scarcity. D. the efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses. 2. The primary focus of the study of economics is with: A. expanding
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Circulation in macroeconomics Macroeconomics (from Greek prefix "makros-" meaning "large" + "economics") is a branch of economics dealing with the performance‚ structure‚ behavior‚ and decision-making of an economy as a whole‚ rather than individual markets. This includes national‚ regional‚ and global economies.[1][2] With microeconomics‚ macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP‚ unemployment rates‚ and price
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RMIT UNIVERSITY FACULTY OF BUSINESS SCHOOL OF ECONOMICS AND FINANCE SIM SEMESTER 1: 2012 ECON-1045 Macroeconomics 2 TEST 2 (MOCK) Instructions: 1. Fill in your name and other details on page 2 before beginning the test. DO NOT DETACH PAGE 2 FROM THE QUESTION SHEETS. 2. You must answer all twenty eight questions in the time allowed for the test (Note: In the actual test‚ there are only 20 questions!) 3. For each question‚ choose the
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110 points) 1. (7 points) How are presidential election outcomes related to the performance of the economy? 2. (7 points) Discuss the difference between Microeconomics and Macroeconomics. 3. (10 points) Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. “In 1933 net private domestic investment was minus $6 billion. This means that in that particular year the economy produced no capital
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Problem Statement Lack of preparation and plan on senior management visit The total visit was not organized and arranged. Peterson didn’t plan ahead but just expect it would go as he thought. He has not prepared both himself and for his staff to answer the question which may be asked. During the visit‚ the situation was totally out of his control. He didn’t provide information on the problems and solutions to the managements during their visits. Lack of communication with Jenkins and HQ on things
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ECON1102 Macroeconomics 1 Course Outline Semester 2‚ 2013 Part A: Course-Specific Information Students are also expected to have read and be familiar with Part B Supplement to All Course Outlines. This contains Policies on Student Responsibilities and Support‚ Including Special Consideration‚ Plagiarism and Key Dates. It also contains the ASB PROGRAM LEARNING GOALS. Table of Contents 1 STAFF CONTACT DETAILS 1 1 2 2 2 3 3 3 3 4 4 5 6 6 6 6 7 7 7 8 8 8 9 9 10 10 11 1.1 Communications with
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1. Commercial cities that served as meeting points between distant cultures are called: a. way stations. b. warehouses. c. entrepôts. d. shipping centers. e. nodes. 2. Cairo and Alexandria in Egypt: a. did not need to provide protection for merchants as most trade came by land rather than by sea. b. established a commercial law apart from religion so that all people could participate in trade. c. had Muslim and Jewish trading firms that worked as close partners in
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