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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FUNCTIONS OF HUMAN RESOURCE JALITZA MATOS SAINT LEO UNIVERSITY OCTOBER 14‚ 2012 “People human talent‚ employees are assets not liabilities” (Ivancevich & Konopaske‚ 2012). Many scholars have studied the science of people and why people react and respond in certain ways. To have a successful business‚ employers must figure a way to satisfy their employees while continuing to be profitable. Many organization are extremely competitive in terms of what they offer to their
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Hult Managerial Economics Don Uy-Barreta Lecture notes – Week 1 Chapter 1 – Microeconomics: A Way of thinking about business (and life!!!) The bottom line Property rights are crucial to the efficient allocation of resources that are depleted or devalued in some way when used and when transaction costs are low. They can be a problem when transaction costs are high and the use of the resource does not deplete the resource or devalue it. 1) What is economics about? a) What and how much
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reference to a conflict over the use of a local resource that you studies‚ discuss the extent to which all interest groups involved can be satisfied with its outcome (40 marks) Introduction: Definition of a conflict Disagreement caused by the actual or perceived opposition of needs‚ values‚ and interests between people. Examples of local resources Land‚ water‚ objects… Briefly explain why some interest groups can be satisfied with the development Gives jobs (economics)‚ makes country look more powerful
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1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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How effective would an increase in government spending be at promoting economic growth? Economic growth is best defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment. Short term growth is measured by the annual % change in real GDP. Government spending is a way of increasing aggregate demand‚ and if successful can help boost economic growth. Government spending tends to be directed at
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Why does the Pope argue that socialism is an unacceptable economic system? Pope Leo XIII argues that socialism is an unacceptable economic system simply because it does not fall within the boundaries of natural rights. The Pope starts out by saying socialism strives off of the poor man’s envy of the rich by supporting the publication of private property. Pope Leo focuses on the rights of man given to him by nature‚ which‚ he claims‚ one of the rights is possession of private property. Man‚ by his
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and Human Resource management. Ans. Distinction between Personnel management & Human Resources management The history of Human Resources management traces its roots to the erstwhile Personnel management that was prevalent in the companies of a few decades ago. Though the two terms ‘Personnel Management’ and ‘Human Resources Management’ are interchangeably used by most of the authors‚ there are key differentiators that make Personnel Management (PM) different from Human Resources Management
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MUTAMBWA DUE DATE : 30 MARCH 2012 Q : Effective communication is the backbone of any business organisation. Discuss. Communication can be defined as a two way process of reaching mutual understanding in which participants not only exchange(encode and decode) information but also create and share meaning. Effective communication is whereby the information send must be received and understood by the receiver in the
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effective leader The typical project environment could be described as agile and ferociously competitive. To deliver the success of a project and more importantly to sustain business in the highly competitive environment will need an effective leadership. The key ingredients of effective leadership leading to success are getting the right people in the right jobs. Leadership is development of a clear and complete system of expectations in order to identify‚ evoke and use the
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