1-page short essays (most important is a graphical analysis). 5. You need to show your student ID during exams. You are not allowed to take exams and quizzes in my other classes. Course Information: This course teaches an introductory level of microeconomics‚ which is the first-semester economics course for business majors. Selected topics include demand and supply‚ consumers’ choice‚ firms’ choice‚ economics of public sector‚ and several types of market structure. Although graphical analysis is emphasized
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30.11.2012 Key learnings from Micro Economics module It was a very informative session and an eye opener. I was under the impression that economics only deals with fiscal and monetary policies. This was my first acquaintance with micro economics and it opened up a new perspective. I am in a position now to understand many events that happen every day around me. I am able to have a broad idea about how these events may have a direct or indirect impact on me as an individual (professionally as well
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2127 Global competition Definition The existence of competing organizations that serve international customers. Access to global customers has increased through enhanced communications‚ improved shipping channels‚ reduction of barriers‚ and centralized finance authorities. Strategic management Strategic management analyzes the major initiatives taken by a company’s top management on behalf of owners‚ involving resources and performance in internal and external environments.[1] In management
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where both parties gain benefits from creating or fortifying a relationship Outsourcing can be beneficial to the company and country but quality control is an issue for fields such as pharmaceuticals. Macroeconomics: Country’s economics Microeconomics: Looks at behaviour of people and organizations in a certain market Entrepreneurs: Make a lot of money fast (takes off) if it doesn’t work they move on Stakeholders: All the people that stand to lose or gain from a companies policies or
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Chapter 1 – The Five Foundations of Economics • Scarcity: The limited nature of society’s resources • Economics: The study of how people allocate their limited resources to satisfy their unlimited wants • Time‚ energy‚ and financial cost toward acquiring materials • Air and gravity are examples of things we don’t worry about‚ or aren’t scarce • The ability to look at the benefits of the activity and weigh it against the cost is thinking like an economist • Making choices is all about comparing
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BUZZ MARKETING -Buzz marketing is a viral marketing technique that attempts to make each encounter with a consumer appear to be a unique‚ spontaneous personal exchange of information instead of a calculated marketing pitch choreographed by a professional advertiser. Historically‚ buzz marketing campaigns have been designed to be very theatrical in nature. The advertiser reveals information about the product or service to only a few "knowing" people in the target audience. By purposely seeking
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TOPIC 4 : NOTE MAKING AND NOTE TAKING SKILLS If you are able to take and make good notes‚ you will save time in terms of: Having to look for the original text Having to look through massive piles of notes just to retrieve the specific information that you need. 1. WAYS OF MAKING NOTES -depends on the situation and the purpose for note-making -different ways of making notes : Annotation; Outline notes; Column notes; Mind maps Summary notes. 1.1 Annotation
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BUSINESS ECONOMICS 545-PROJECT 1-MICROECONOMIC ANALYSIS KELLER GRADUATE SCHOOL OF MANAGEMENT Comments from Professor: Need more content next time. no Elasticity calculatio‚ No profit maximization‚ minimal on determinants Abstract Cindy wants to invest in a new business that involves the installation of solar panels. In order to make an informed decision on this business venture‚ she will need to review potential profit/loss in the solar panel industry by considering future prospects for this
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IMPLEMENTATION 1. MODULE OVERVIEW Strategy as a ploy to outsmart the enemy or a competitor is a definition closely linked to the military field and can be traced as far back as Sun Tzu. In military writings one of the main objectives of the strategist is to infer the enemy‟s true intentions. Strategic management is a broad term that encompasses the full spectrum of activities required for the effective setting‚ implementation‚ monitoring and control of strategy in an organisation. The practical
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The Differences Between Macro & Micro Economics . Microeconomics • Microeconomics studies business decisions made on an individual level. A small business owner‚ for example‚ must consider all sorts of financial decisions in order to keep a business afloat and operating‚ such as the allocation of resources‚ and must follow the tax and state regulations created by the government. Price levels must also be determined with the help of supply and demand. A business owner must thus need to know how
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