ECONOMICS FOR MANAGERIAL DECISION MAKING-I (ECONOMIC ANALYSIS SIMPLIFIED FOR YOU) COURSE DURATION: 20 HOURS PER SEMESTER COURSE CREDITS: 02 1. ESSENCE OF ECONOMICS Problems of an economy; Solutions of these problems; Alternative system to tackle the problems; Economics‚ micro – economics & macro – economics; Basis building blocks of microeconomics – rationality‚ marginalism‚ opportunity cost‚ general & partial equilibrium. 2. FALLACIES AND PITFALLS Economics is about decision making
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| Economic Activity Economics is concerned with humanity’s well being or welfare. It encompasses the social organization and the relationship involved in using scarce resources and available technology to satisfy seemingly unlimited human wants and in allocating those resources among diverse alternative wants. The key elements of economic activity are (1) human wants (2) resources‚ and (3) technology. Price theory
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Cambridge University Press 978-0-521-12665-6 - Cambridge International AS and A Level Economics‚ Second Edition Colin Bamford and Susan Grant Excerpt More information 1 1 Basic economic ideas Basic economic ideas Core On completion of this core section you should know: • what is meant by scarcity and the inevitability of choices that have to be made by individuals‚ firms and governments • what is meant by opportunity cost • why the basic questions of what‚ how and for whom
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reference to Zara’s business. Zara’s international strategy framework of market entry‚ market selection and marketing approach is the driver behind the internationalisation strategy of Zara. When it comes to market entry‚ the question now is what are the economic and political barriers that take effect on the strategy? 2. Company Profile Owned by Amancio Ortega‚ Zara‚ on the other hand‚ is a clothing company originated in Spain. Inditex Group‚ the parent company‚ claims that Zara needed just a couple
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Globalization is the widening‚ deepening and speeding up of worldwide interconnectedness. Factors involved in globalization are technology‚ politics‚ culture and economics. A lot of our technology comes from Japan‚ which would include television (Toshiba‚ Sony)‚ cell phones (Nokkia‚ Motorola) and automobiles (Nissan‚ Toyota). Politics connect us to other countries through treaties or worldwide organizations like the United Nations or the World Bank. In many countries around the world they have
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in Greece during last 3 decades. The party after its reelection in 2000 increased spending to recover economy and provide basic facilities of better health‚ education and better job opportunities to its citizen (Puddington‚ Piano‚ Neubauer 288) ECONOMIC TRENDS For more than a decade‚ extensive borrowing and spending by the government has led the country into public debt crisis. Tax evasion rampant in Greece that translated added to government’s
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Economic Expansion 1. Briefly describe Hong Kong’s economy (background‚ GDP‚ growth rate‚ etc.)‚ (20 points) Everything about Hong Kong tells the story of trade. With beginnings as a small rocky island full of fishing villages‚ Hong Kong has grown to become one of the largest cities of trade and finance in the world. Hong Kong had a GDP of $325.8 billion USD in 2010‚ which represents a 6.8% growth from the previous year (“Economy: Hong Kong”‚ 2011). This growth is a nice change from the 2.7% loss
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Introduction The current state of the world economy is quite uncertain. Economic statistics that governments and other financial institutions use to project the economy imply that the world economy is shrinking. Since 2008‚ the state of the American economy has not been attractive. For instance‚ the United States economy has not registered any significant growth for the last three years. The 2011 second quarter results indicated that gross domestic product improved by 1%. At the same time‚ there
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CARIBBEAN EXAMINATIONS COUNCIL Caribbean Advanced Proficiency Examination CAPE ® ECONOMICS SYLLABUS Effective for examinations from May/June 2010 CXC A20/U2/09 Published by the Caribbean Examinations Council All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted in any form‚ or by any means electronic‚ photocopying‚ recording or otherwise without prior permission of the author or publisher. Correspondence related to
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& acknowledgementsReprints How to grow Without faster growth the rich world’s economies will be stuck. But what can be done to achieve it? Our economics team sets out the options Oct 7th 2010 | from the print edition WHAT will tomorrow’s historians see as the defining economic trend of the early 21st century? There are plenty of potential candidates‚ from the remaking of finance in the wake of the crash of 2008 to the explosion
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