Economics and financial management consist of two major components: microeconomics and macroeconomics. These two components are interchangeable and act as the foundation to the core concepts to understanding the enormous arena of the financial world. Macroeconomics can be defined in several business terms‚ but simple put‚ it is the branch of economics that studies the economy of consumers or households or individual firms. Microeconomics basically deals with the choices and assessments made by businesses
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UNIT 3 Microeconomics MULTIPLE-CHOICE SAMPLE QUESTIONS Sample Multiple-Choice Questions Circletheletterofeachcorrectanswer. 1. True statements about the theory of the firm in the short run and long run include which of the following? I. All input costs are fixed in the short run. II. All input costs are variable in the long run. III. At least one input price is fixed in the short run. (A) I only (B) II only (C) III only (D) I and II only (E) II and III only 3. Whichofthefollowingstatementsabouta
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Between microeconomics and macroeconomics. Identify each of the following topics as being part of microeconomics or macroeconomics‚ and state your reason why: 20 Marks (2 Marks each) a. the impact of an increase in consumer income on the purchase of luxury automobiles Answer to A. Microeconomics because it looks at economic problems faced by individual within the overall economy. b. the effect of a change in the price of Coke on the purchase of Pepsi Answer to B. Microeconomics because
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comparing their main features. As the terms suggest‚ macroeconomics deals with the market on a large-scale and its aggregate problems‚ while microeconomics concerns markets on a small-scale and individual aspects of the problems. There are six distinct aspects of the two approaches that are shown as in the following table: Microeconomics Macroeconomics (a) Units of the study Individual consumers‚ producers workers‚ traders‚ etc. Aggregate units such
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TEXTILE & GARMENTS INDUSTRY PROFILE A. Definition of Industry 1. Description The history of the Albanian textile and garment industry lies in an almost 40 year’s period of state owned enterprises‚ which operated under the centralized socialist economy. The previous industry production was derived through a large domestic valuedadded chain that used to produce from fiber until final product. Industry mainly supplied the domestic market‚ while exports were managed by a single government agency. After
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1) Which of the following most correctly describes GDP? GDP is the sum of the market value of all A) goods and services purchased within a country in a given time period. B) final goods and services produced within a country in a given time period. C) final goods and services purchased within a country in a given time period. D) intermediate goods and services produced within a country in a given time period. E) final goods and services produced by a
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Buffer stock scheme: is an attempt to use commodity storage for the purposes of stabilizing prices in an entire economy or‚ more commonly‚ an individual (commodity) market Commodity: a raw material or primary agricultural product that can be bought and sold‚ such as copper or coffee. Commodity agreements are international agreements designed to stabilise commodity prices in the interest of producers and consumers. Cross price elasticity Demand: The quantity of a good buyers wish to purchase
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4 MAR‚ 2013‚ 05.23PM IST‚ AGENCIES Tata Motors slashes hatchback‚ sedan prices by Rs 29‚000-50‚000 NEW DELHI: Tata MotorsBSE 0.74 % said it has cut prices of its hatchbacks and sedans by Rs 29‚000-50‚000 ($530-$910)‚ in a bid to lure customers to a market that is on course in the current fiscal year to post the first decline in annual sales in a decade. Tata Motors‚ however‚ raised prices of its sport-utility vehicles (SUVs) - the only bright spot in the country’scar market in recent months
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Over a hundred thousand jobs the U.S. economy has created in the past ten months. It is still below the two hundred thousand needed to drastically bring down the unemployment rate‚ which is around eight percent. The positive we have is income and consumption and GDP growth‚ but it is still growing below trend rates. The housing market still shows little to no sign of life. The high prices of oil are presenting a significant headwind in the U.S. economy. The Federal Reserve still try’s to stimulate
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Abstract The important aspect of contemporary financial analysis is the relationship between stock price movements and variations in macroeconomic aggregates. The paper examines the role of macroeconomic variables on Dhaka Stock Exchange (DSE) stock returns movement in Bangladesh. In this paper‚ the analysis is conducted by using monthly data for the period span from January 2009 to December 2012. All data are collected from Dhaka Stock Exchange‚ Internet. Five macroeconomic variables have been
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