UNIVERSITY OF GUYANA FACULTY OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS ECN 213 - MANAGERIAL ECONOMICS COURSE OUTLINE SUMMER - 2010 LECTURER: Roger Rogers E-mail: rogers.roger@gmail.com INTRODUCTION Managerial Economics provides a foundation of economic understanding for use in managerial decision-making. Both microeconomic and macroeconomic relations have implications for this decision-making process. Since the demand for a firm’s products plays a major role in determining its
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ORGANIZATIONS Introduction Managers must wear many different hats in formulating and implementing task activities related to their positions. In an attempt to understand the diversity of hats managers must wear‚ many author examined managerial activities on a daily basis. Their study enabled them to identify ten different but‚ coordinated sets of behavior‚ or roles‚ that managers assume. These ten roles can be separated into three general groupings: interpersonal roles‚ informational roles‚ and decisional
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and difficult dilemmas. But as experienced teachers have learned‚ there are a few basic concepts that underpin all of economics. Once these basic concepts have been mastered‚ learning is much quicker and more enjoyable.” 2 Engineering and Managerial Economics DEFINITION OF ECONOMICS It is very difficult to
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that are vacant in your Company; it may be worth considering bringing in a Top executive search Company in South Africa. Des 255- Excellent talent management is the key to success in today’s competitive environment. Some companies may see Top executive search Company in South Africa as a substitute for internal recruitment. When you outsource such services; you get the advantages. Des 400- If a company chooses a Top executive search Company in South Africa that is the correct fit for them‚ one that understands
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FIN 4385-01 Case II: Executive Summary For the past several weeks‚ BJSMC conducted a comprehensive estate plan providing a structural outline of our client’s‚ Scott‚ estate opportunities and limitations subject to specific request. Our client provided us with the following scenarios: 1). If Scott dies this year‚ predeceasing Sue‚ and his executor elected his date of death as the valuation date‚ indicate those assets (and their values) that would be includible in Scott’s gross estate
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Price Elasticity: Price Elasticity is used to explain the degree of responsiveness of the demand for a product to a change in its price. Ep=Percentage change in quality demanded/Percentage change in price (Ep=Price Elasticity) Practical applications of Price Elasticity: 1) Helps in fixing the prices of different goods: It helps a producer to fix the price of his product. A higher price is charged if the demand for the product is inelastic and a lower price is charged if the demand for the product
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Business planning Case study This case study has three separate sections to it. The case material is given below‚ and then there is: • A worksheet based on the case study (including the development of a full business plan) • An interactive quiz Taktical.com Frank Drake is a software engineer with a major multinational firm and a highly experienced programmer. He is also a keen racing sailor‚ and for many years in his spare time he has been developing a piece of software to help racing
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------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
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EXECUTIVE DEVELOPMENT PROJECT Everyones life has many modifications. I ’m a forty four-years-old now. The time that My partner and my whole and i actually resided inside capital regarding job and education‚ has changed me into a new person. My family and i actually was raised withinside the sharqiya location as well as acquired fun there. Withinside my family‚ there were ten members which comprised of my personal grandparents‚ my mommy‚ my father my three older brothers‚ three younger sisters
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Managerial Economics Unit 8 Unit 8 Nature of markets and Pricing of Products I Structure 8.1 Introduction Objectives 8.2 Meaning of market and market structure 8.3 Kinds of markets 8.4 Perfect competition 8.5 Monopoly 8.6 Monopolistic competition 8.7 Oligopoly 8.8 Duopoly 8.9 Bilateral monopoly 8.10 Monopsony 8.11 Duopsony 8.12 Oligopsony 8.13 Industry analysis 8.14 Summary 8.15 Terminal Questions 8.16 Answer 8.1 Introduction Efficiency of management lies in its capacity to analyze the
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