FINAL EXAMINATION PROGRAMME: MASTER OF BUSINESS ADMINISTRATION (MBA): GENERAL AND TOURISM- YEAR ONE MODULE: ECONOMICS DATE: 21 NOVEMBER 2011 DURATION: 3 Hours EXAMINER: Mr I Govender INTAKE: JANUARY 2011 TIME: 09h00 – 12h00 TOTAL MARKS: 100 MODERATOR: Dr D Mukuvisi INSTRUCTIONS TO THE CANDIDATE: 1. Questions must be attempted in the answer book provided. 2. All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3. You have THREE
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An economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses. Unlike a market economy in which production decisions are made by private citizens and business owners‚ a centrally planned economy seeks to control what is produced and how resources are distributed and used. The production of goods and services is undertaken by state-owned enterprises. Centrally planned economies assume that the market does not work
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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ECONOMIC HISTORY Only study guide for ECS2608 J. Inggs Department of Economics University of South Africa Pretoria © 2012 University of South Africa All rights reserved Printed and published by the University of South Africa Muckleneuk‚ Pretoria Page-layout by the Department ECS2608/1/2012-2014 iii ECS2608/1/12-14 Contents ECONOMIC HISTORY OF THE WORLD Important topics and specific national examples between the two World Wars Chapter Page 1 HOW THE STUDY GUIDE
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exposure when the currency cannot be hedged Currency Diversification- this can limit the potential effect of any single currency’s movements on the value of an MNC. 3) Compare MNC capital budgeting to domestic capital budgeting. Talk about economic exposure. MNC capital budgeting‚ like domestic capital budgeting‚ focuses on the cash flows of prospective long-term investment projects. They use the same NPV discounted cash flow model. However MNC is more complex because of the following
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Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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rationale for allowing two integrated resorts to be built in Singapore. Why was there this change in policy? Question 2: Explain the economic impacts of the integrated resorts. Expected Economic Benefits from Integrated Resorts When the idea of building Integrated Resorts in Singapore was first introduced to the citizens‚ the government measured the expected economic benefits and social problems the Integrated Resorts would bring about. After much consideration‚ the government proceeded to build
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both inflation and unemployment in general as stated in previous studies and some economic theories that deal with these problems and their impact on GDP . According to jordan economy profile in mundi index‚ Jordan’s economy is among the smallest in the Middle East‚ with insufficient supplies of water‚ oil‚ and other natural resources‚ underlying the government’s heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty‚ unemployment
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Timings :1 hour TEST Max.Marks 58 Choose the most appropriate answer from the given options in respect of the following : 1)”Economics is the study of mankind in the ordinary business of life” was given by : a) Adam Smith b)Lord Robbins c)Alfred Marshall d)Samuelson 2)A capitalist economy uses as the principal means of allocating resources a)Demand b)Supply c)Efficiency d)Price 3)The commodity whose demand is associated
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$117.99 per barrel. (Source US Energy Information Administration) Economics is the study of using resources in a productive manner and to allocate them in the best possible way. Economics is concerned with the production and consumption of goods and the transfer of money to create and get those goods. Economics tells us how people in the markets communicate in order to achieve what they desire and fulfill their goals. Economics deals with studying the wants and desires of people resulting in creating
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