(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‚ fallacies in decision making‚ fallacy of
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Executive SummaryThe macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic‚ economic‚ natural‚ technological‚ political/legal‚ and social-cultural forces. Companies must constantly watch and adapt to the marketing environment in order to seek opportunities and ward off threats. “The marketing environment comprises all the actors and forces influencing the company’s ability to transact
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With a floating exchange rate‚ such as Australia’s‚ supply and demand factors largely determine the dollar’s equilibrium price. The exchange rate is sensitive to changes in both demand and supply‚ which can cause changes in the equilibrium exchange rate. Another factor‚ which can affect the supply and demand of Australian dollars‚ is intervention in the market by the Reserve Bank of Australia. DEMAND The demand for Australia’s currency in the foreign exchange market (Forex) is a derived demand
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stated that "scientific evidence is certainly not clear on the exact role that soft drinks play in terms of children’s oral disease"‚ directly contradicting their previous statements such as "consumption of sugars in any beverage can be a significant factor…that contributes to the initiation and
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Factors Affecting Reaction Rate Lab Report Objective: To observe and record the different effects of reactants on concentration‚ surface area‚ and temperature‚ on the reaction rates for each. Materials: Refer to the Experiment 18A worksheet Procedure: Refer to the Experiment 18A worksheet Data Table: Mass of 11cm strip of Mg: 0.13g Average mass of 1 cm piece of Mg: 0.0118 Table 1: Effect of Concentration on Reaction Rate Concentration of Acid Reaction Time (s) Reaction
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Discuss factors affecting the accuracy of eyewitness testimony. There are factors that affect the accuracy of eyewitness testimony such as emotions‚ fundamental attribution bias‚ face recognition in other races‚ leading questions and many more. An example of the affect factors such as leading questions can have on eyewitness testimonies is the Loftus and Palmed study (1974). It’s has been proposed that we store a series of incomplete memory fragments in our mind. When we need to recall a
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College grading is an exceptionally complex phenomenon because it is subject to both external social forces and internal changes of the participants (for example‚ students‚ faculty) policies and practices (for example‚ grading policies) and other factors (Birnbaum‚ 1977)Ecoamists view grades as a reward for academic performance‚ which is assumed to be related to individual academic ability as well as the quantity and effort the student puts forth in educational activites (Becker‚ 1965; Hanushek 1979)Psychologist
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Assignement #1 – Micro and macro functions of the law In my work I’m going to talk about the micro and macro function of a law and I will apply my knowledge of them on the case between Sophie Hess and Antoinette Royan. Micro and macro functions of the law In a law system‚ we can distinguish between micro and macro functions of a law. Both of them play very important role in a law system. “The interactions and relationships between law and each of these orders are very important and complex” .
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Factors affecting grades of freshmen students in Mathematics I. Introduction The foundation of Mathematics is extremely important because it deals with the encoding of information content into units with strictly linear order. Mathematics contains basic numeracy and fundamental practices that help students understand other field of mathematics (geometry‚ algebra‚ trigonometry‚ etc.). Mathematics can be considered as the mother of all learning in arts and sciences. It is a fundamental in every
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State the factors affecting the price elasticity of demand? The type of product will affect the price elasticity of demand i.e. a necessity such as petrol will have a inelastic demand as it is a must have for consumers so a change in price will cause only a minor change in price whereas if a product is not a necessity for consumers it will have an elastic demand meaning a small change in price could lead to a greater change in quantity demanded The proportion of the consumers income spent on a product
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