Economics | | |Sr. No. |Core Areas |Percentage | |1. |Micro-Economics |15% | |2. |Marco-Economics |15% | |3. |Econometrics
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1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
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UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Level 9708/42 ECONOMICS Paper 4 Data Response and Essays (Supplement) October/November 2011 2 hours 15 minutes Additional Materials: Answer Booklet/Paper * 2 1 8 2 6 0 2 5 0 5 * READ THESE INSTRUCTIONS FIRST If you have been given an Answer Booklet‚ follow the instructions on the front cover of the Booklet. Write your Centre number‚ candidate number and name on all the work you
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Course Title BTEC Subsidiary Diploma in H&SC Unit Title 10 Caring for Children and Young people Level 3 Unit Number 10 Unit Credit 10 Assignment Title Caring for children‚ young people and their families Part Unit Whole Unit Whole unit Assessor Start Date Submission Date Feedback Date Vocational Context Task 1 (P1) Imagine that you are a researcher for a local radio station and you have been asked to put together a piece on looked after children and young people. Task 2 (P2‚M1 M2‚ D1)
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Question 1 A. Identify each of the following as either a positive or a normative economic statement: a. The high temperature today was 37 degrees. b. It was too hot today. c. Other things being equal‚ higher interest rates reduce the total amount of borrowing. d. Interest rates are too high. B. In order to attract Muro John to the position of CEO of GMO Tz Seed Company Inc. Muro is given the following package (a) a signing bonus of $200‚000. (b) In addition to his salary Muro will be paid
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Describe the causes of‚ and common types of‚ fraud and the impact of this on the organisation. Explain methods that can be used to detect fraud within an accounting system. Explain the types of controls that can be put Your evidence* Assessor (tick) Principles of internal control (K) 1.2 1 Demonstrate an understanding of the role of accounting within the organisation. 1.3 1.4 1.5 2.1 Understand the importance and use of internal control systems. 2.2 2.3 2.4 2 3.1 3.2 Be able to
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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|Unit number and title/credits | |BTEC Extended Diploma in Health and Social Care |Unit 10: Caring for Children and Young People | | |Credits: 10 | | |
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LECTURER MR MACHOKOTO COURSE CODE PRINCIPLES OF ECONOICS (CBA 1104) ASSIGMENT 1 DUE DATE 30 SEPTEMBER 2013 Mixed economy is the hybrid of free market and command economy. In mixed economy both the private and public sector need to co-exist to overcome the weakness of one another. Most countries practice mixed economy for a number of reasons as mentioned below. Where there is free market enterprise economic forces are unfettered. Supply and demand determine the prices
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