Semester I Revised June 2012 Revised Business Economics I Syllabus for F.Y.B.Com from June 2012 onwards University of Mumbai Semester I Module I: Demand analysis Demand function and determinants of demand – Concept and importance of Elasticity of demand‚ Income‚ cross‚ promotional. Case studiesConsumer surplus‚ Demand forecasting: meaning significance and methods-case studies Module II Theory of production and cost Production function-short run and long run- Law of variable proportions- Isoquantproducers’
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China vs. Human Rights Over the past few decades‚ the world witnessed the astronomical rise of countries once considered “third-world”. Perhaps‚ the most quintessential of all is the rise of China. Evidences of the middle kingdom ongoing industrial revolution are present in the air‚ in its water‚ and in the vast transformation of the country’s landscape. “A total of sixteen out of the top twenty most polluted cities are in China” (Walsh). While 2010 marks the year China surpassed Japan as the world’s
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often has primary responsibility for promotion and sales (TR); the production department has primary responsibility for development costs (TC); and the finance department has primary responsibility for acquiring capital and‚ hence‚ for the discount factor (i) in the denominator. These functional areas have lots of important overlaps. The marketing department can help reduce costs for a given level of output by influencing customer order size and timing. The production department can stimulate sales
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Economics The economics course provides students with a basic foundation in the field of economics. The course has five sections: fundamental concepts‚ microeconomics‚ macroeconomics‚ international economics‚ and personal finance. In each area‚ students are introduced to major concepts and themes concerning that aspect of economics. Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity
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What is Economics? Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction‚ studying it often reveals why people and governments behave in particular ways. There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions
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Market Entry Strategies Final Paper Kentucky Fried Chicken’s Market Entry in China Company Background KFC‚ the largest fried chicken chain and the second largest restaurant chain in the world‚ currently has more than 17‚000 outlets in 115 countries worldwide. The chain primarily sells fried chicken pieces‚ chicken related products such as sandwiches and wraps‚ and other side dishes such as fries‚ desserts and soft drinks. KFC’s fried chicken pieces and related products are made with special
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Confucianism in China: Past and Present China‚ a country of ancient history and tradition‚ known for having one of the oldest roots in history and carrying on ancient practices to the modern day‚ but China is rapidly changing‚ with new beliefs‚ practices and cultural ties China is rapidly becoming a world power‚ reforming those old traditions and creating new ones. However‚ the influences of ancient philosophies‚ such as Legalism‚ Taoism‚ and Confucianism‚ can still be felt in modern China influencing
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Name: Samara Pereira Globalization in China It is evident that China is advancing economically. In fact‚ the country is the second in terms of the best economy worldwide; this is a country that has been an important key player in the financial markets. In the last decade‚ China has undergone various changes as a result of globalization. The current economic position is strongly contributed by the impacts of globalization. Despite the fact that there is no consensus on the degree
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Chapter 3 __________________________________________________________ Balance of Payments from a Comparative Perspective: China‚ India‚ and Russia under Globalization Akira Uegaki Introduction The three regional powers of China‚ India‚ and Russia have been actively participating in international trade and international financing recently‚ although they have large populations‚ huge territories‚ and abundant natural resources‚1 which would enable them to be independent and autarkic. The globalization
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Economics is the study of social behavior guiding in the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society. Economics seeks to understand how those individuals interact within the social structure to address key questions about the production and exchange of goods and services. First‚ how are individual needs and desires communicated such that the correct mix of goods and services become available? Second‚ how does a society provide
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