and Administration of TVE CONCEPTS vs. PRINCIPLES vs. THEORY PM Dr WILFREDO H. LIBUNAO IMPORTANCE OF IMPORTANCE THEORIES Theories are constructed to give an explanation of phenomena (Stam‚ 2000). According to Denzin (1970)‚ there are three functions of a theory: 1. Permitting organization of descriptions‚ 2. leading to explanation‚ and 3. furnishing the basis for prediction of future events. Importance of Theories…cont’d: In a nutshell‚ theories: - Tell us what we are doing
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Economics 201A: Economic Theory (first half ) Tu-Th 12:30–2:00 150 GSPP 1 Description Economics 201A is the first semester of the required microeconomic theory sequence for first-year Ph.D. students in the economics department. The first half of the fall semester focuses on choice theory‚ consumer theory‚ and social choice. The second half will be taught by Chris Shannon and will cover general equilibrium. (A separate syllabus will be distributed for the second half.) In the spring‚ the
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Evolution of leadership theories 1) The Great man Theory (Trait Theories) These were basis of leadership research until 1940’s. The great man theory from Aristoteham philosophy asserts that some people are born to lead whereas others are born to be led. Trait theory(ies) assume that some people have certain characteristics or personality trait that make them better leaders than others. (refer to traits as stipulated by Bass (notes) Behavioral Theories During human relations era‚ many behavioural
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Theories & Concepts of Motivation Motivation is defined as communicating to an internal force that actuates a behavioral pattern‚ thought process‚ action or reaction. Negative forces can act as actuators. Many theories of motivation focus on inborn biological processes that control behavior. Among these biologically oriented theories are instinct‚ drive‚ and arousal theories. You were born with instincts that are there to help you survive. Instincts are behavioral patterns that are unlearned
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FIRST SEMESTER Managerial Economics Subject Code:1001 Contact Hours: 60 Work Load: 4hrs/week Credit Points: 04 Semester End Exam Marks: 80 Internal Marks: 20 OBJECTIVES: 1. To familiarize students with Micro Economic Concepts used in Decision Making. 2. To develop application and analytical skills by using these concepts to make managers effective in economic decision making. Module: 1 (10 Hours) Introduction to Economics - Introduction to Managerial Economics- concept‚ Nature‚ Scope‚ & significance
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Consider the Concepts of the Science of Managerial Economics Running successful businesses requires involvement of well experienced and talented managers; all companies’ stakeholders concern‚ in running companies‚ is to make profits and expectation is on managers’ part to make such desire become the fact of reality. One of the tools managers use to analyse company’s performances and be able to make intelligent decisions- for further profitability and sustainability of the corporations- is by economical
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BASIC CONCEPTS FOR ECONOMIC REASONING The Basic Concepts for Economic Reasoning International Economics Will Bury`s Gose Global Part I Will Bury has invented a technology that gives the option of reading text materials digitally or listening to it with synthetic voice which sound realistic (Will burry`s goes global‚ UOP). In this paper I will explain economic concepts founded in Will Bur’s scenario‚ which will Bury`s have to take some important business decisions. The economic concepts
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Basic Concepts The economics of business enterprise‚ an introduction to economic organisation and the theory of the firm Martin Ricketts (chp. 1-5) …and more… Aida Isabel Tavares Economia da Empresa 1 Quick review about the basics of theory of the firm Firms under the neoclassic view are treated as a production black-box: input → firm → output Fundamental issues about firms: Why do firms exist? How different are firms versus markets? What determines firm’s scope or boundaries? M&As; Spin-offs;
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Introduction to Economics Write an essay in which you describe/evaluate how the production possibility curve helps to illustrate fundamental economic concepts. In this essay‚ I am going to evaluate the second important fragment of economics- Production possibility curve or simply PPF. The importance of understanding the method and analysing elementary economic diagrams is significant for progressing into more depth and other essential parts of the learning of economics. The starting point
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Environmental Economics : Some Basic Concepts 1. Welfare economics Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being‚ especially relative to competitive general equilibrium within an economy as to economic efficiency and the resulting income distribution. associated with it. It analyzes social welfare‚ however measured‚ in terms of economic activities of the individuals that comprise the theoretical society considered. As such
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