There are differences between microeconomics and macroeconomics‚ although‚ at times‚ it may be hard to separate the functions of the two. Microeconomics and macroeconomics are the two major categories within the field of economics. Microeconomics is the branch of economy‚ especially such topics as markets‚ prices‚ industries‚ demand‚ and supply. Microeconomic concentrates on the difficulties of the markets for services and goods‚ and how the price affects the growth of the markets (Microeconomics
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The government and policymakers of a country intervenes in the economy in order to achieve economic growth‚ price stability‚ and low rate of unemployment. First and foremost‚ economic growth can be defined as an increase in the country’s output over a period of time. This means there is an increment in her productive capacity hence a rise in national income. A high economic growth is desirable as it represents an improvement in the material standard of living of the society. A rising real income
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Question 1 – 10 marks The table lists some macroeconomic data for a country in 2012. Item | Billions of dollars | Wages paid to labour | 850 | Consumption expenditure | 1‚100 | Profit‚ interest and rents | 340 | Investment | 170 | Government expenditure | 310 | Net exports | −54 | (a) Calculate the country’s GDP in 2012. (1 mark) (b) Explain the approach (expenditure or income) that you used to calculate GDP. (1 mark) An economy produces
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(olfactory)‚ Touch (tactile) Stimulus examples on page 40 Physical or psychological factors on the bottom on page 40 Selective distortion-process of an individual’s expectations or fears deceiving the senses into reporting a false stimulus as real Step 2: Organizing Data Into a Usable Form Laws of Organization (Proximity‚ similarity‚ closure) Organization- discovering the recognizable patterns in the stimulus and recoding them in a form that is simple enough to remember and use Proximity‚ Similarity
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on his or her own. Legislative Branch- consists of 2 houses; the House of Representatives and the Senates. Each state id represented by two senators. Membership in the houses is based on population with the senators usually speaking for smaller districts within the state. Senators serve 6 year terms and representatives are elected every 2 years. Legislative Branch’s main purpose is to make laws. If the president veto’s a law passed by congress‚ a 2/3 vote in each house can override the president’s
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Topic 2: Cells 2.1.1 Outline the cell theory Outline: To give a brief account or summary All living things are made of cells Cells are the smallest unit of life Cells come from pre-existing cells 2.1.2 Discuss the evidence for the cell theory Discuss: Give an account including‚ where possible‚ a range of arguments for and against the relative importance of various factors‚ or comparisons of alternative hypotheses. 1: All living things are made of cells When living things are observed
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development of talent * Teams are only as good as the individuals * Therefore it’s important to identify team members who have talent and ensure they have the training to develop it Belbin Team Role 1. Plant – Thinking orientated roles 2. Shaper - Action orientated roles 3. Implementer - Action orientated roles 4. Completer finisher - Action orientated roles 5. Specialist - Thinking orientated roles 6. Team
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CHAPTER 1: Morality‚ Ethics‚ and Human Behavior Ethical issues exist in all areas of criminal justice system (from passage of laws to punishment) Criminal justice professionals have discretion Legislators: in making laws Police: in enforcing laws Attorneys and Judges: affecting justice process Correctional Professionals: affecting offenders lives What do criminal justice professionals have in common? power to make decisions duty to enforce the law obligation to provide
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NT 1310 – Week 2 Unit 3 Key concept 1: cables types 6a cabling can do 10 GB over it‚ however 10 Gig switches are expensive. Cable structure UTP 4 pairs of copper cable Number of twists varies per inch N shielding Very easy to work with Most common cable for LAN Cat 3‚ Cat 5‚ Cat 5e‚ Cat 6‚ Cat 7 will be defined in standards later in the course Most susceptible to Electromagnetic Interference (EMI) STP Similar to UTP Pairs shielded Core shielded SCTP Coax Single conducting core FO Central glass
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Econ209: Macroeconomic Analysis & Applications (Section 002) Tuesday & Thursday‚ 4:05 - 5:25 Arts W120 Professor: Paul Dickinson paul.dickinson@mcgill.ca Winter 2013 ******************************************** A: Course Content The 3-credit course covers the basics of economic theory and policy at the level of the whole economy - the macroeconomic level (e.g. national income‚ economic growth‚ employment/unemployment‚ prices & inflation‚ exchange rates‚ monetary and fiscal policy). It
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