SERIES Judo Economics in Markets with Asymmetric Firms Daniel Cracau Working Paper No. 2/2013 Impressum (§ 5 TMG) Herausgeber: Otto-von-Guericke-Universität Magdeburg Fakultät für Wirtschaftswissenschaft Der Dekan Verantwortlich für diese Ausgabe: Daniel Cracau Otto-von-Guericke-Universität Magdeburg Fakultät für Wirtschaftswissenschaft Postfach 4120 39016 Magdeburg Germany http://www.fww.ovgu.de/femm Bezug über den Herausgeber ISSN 1615-4274 Judo Economics in Markets
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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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| 2A) Main economic features of an Oligopoly and key economic theories of price fixing. This part of the coursework aims to identify and explain the main economic features of an Oligopoly and also the key economic theories which influence the price of a product or service. This part deals with the theoretical aspects of Oligopoly and the later part emphasizes on the practical applications of the theories and oligopoly features. According to Pass et al (2000)‚ “Oligopoly‚ a type of market structure
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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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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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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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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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