Unit-1 Q1. Define micro and macro economics‚ Distinguish between them‚ and explain the scope‚ importance and its limitations Ans. modern economy analysis has been divided into two major branches that is micro and macro economics. Micro economics means the economics system which deals individual economics unit on the other hand macro economics means the economics unit which deals aggregate as a whole that is national income‚ general employment‚ and total out –put‚ general price level etc. These two
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MACRO ECONOMICS Classical Dichotomy The classical dichotomy is rooted in the understanding that in the long run‚ real output is determined by “real” inputs such as labour‚ capital‚ natural resources and TFP‚ but not money. This means that changes in the money supply determine changes in the price level over time‚ but not real output. However‚ it is important to remember that the classical dichotomy applies only in the long run. Almost all economists would agree that money and price can have very
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What is Ice Tea? The simple pleasure that tea drinkers have enjoyed with Tapal for more than 60 years gets a chilled & flavorful update this month with the new Tapal Ice Tea Lemon & Lime and Peach flavor varieties hit the shelves this month. Tapal Ice Tea is a deliciously refreshing drink made with tea‚ blended with water and fruit flavors. Ice tea is a form of cold tea often served in a glass over ice. It may or may not be sweetened. The most common flavors worldwide include lemon‚ peach and lime
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Office: Bridge Hall 204C Office Phone: (213) 740-3934 Office Hours: Monday &Wednesday 3:00-4:00 pm‚ or by appointment E-mail: ibrahimi@marshall.usc.edu COURSE DESCRIPTION Making sound business decisions requires knowing the economic environment in which firms operate. It requires an understanding of key economic indicators‚ the relationship among economic variables‚ the mechanics of how the economy works as a whole‚ and the role of economic institutions. The topics we cover in this
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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 assumption
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Brochure More information from http://www.researchandmarkets.com/reports/2324492/ Pre-Shave Cosmetics - Men’s Market in Australia: Market Profile Description: Synopsis This report presents data on the Pre-Shave Cosmetics - Men’s consumption trends in Australia. It analyzes Pre-Shave Cosmetics - Men’s consumption volumes and values at market and category level in addition to brand share and distribution channel data. It examines the components of change in the market via study of 2006
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a. 1. IHOP Corp (9-30-2002): Reacquired franchise and equipment held for sale is separated into two parts: current asset and long-term receivables (SEC Government‚ 2002‚ Item 1). The company estimates the useful life of the assets‚ and records the amortization of the asset. For instance‚ in the quarterly report ended September 2002‚ amortization on franchise operations is $1‚647‚000. In this case‚ the company treats its reacquired franchise rights as intangible assets that have limited lives.
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Ice man Have you ever been treated unfairly? Have you ever been treated like you have no rights at all? Most people have‚ but few of them have been treated as badly as Victor and his friends were in “Ice Man” written by Elmore Leonard‚ just because they are Native Americans. “Ice Man” is fiction. In “Ice Man” the narrator is an unknown 3rd person narrator. He does not enter the characters minds‚ he only tells us what they say and what they do. And therefore he must be a person that does not take
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EXECUTIVE SUMMARY The 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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Problem Set 1 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following topics is NOT a primary concern of macroeconomists? A) relative wages of skilled and unskilled workers B) unemployment C) differences in standards of living across countries D) fluctuations in the level of economic activity 1) 2) Primarily‚ macroeconomists use microeconomic principles to study A) business cycles and trends in the stock market
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