Tutorial Questions – Sets 1 and 2 Week 2 Tutorial: 1. What is the difference between microeconomics and macroeconomics? Microeconomics is all about particular economic units‚ with consideration of these individual units‚ where as macroeconomics is all about concern for the economy as a whole or with basic/generalized subdivisions. 2. What is the difference between deductive and inductive methods in economics when discussing theories? Deductive methods (or also known as hypothetical methods)
Premium Economics Supply and demand Microeconomics
Subject : English Do the following questions in your writing skills file -: 1. You are Rohit/Roopali. As President of the Students’ Council of St. Francis Sr. Secondary School‚ Bangalore‚ you have invited a visiting Russian Ballet troupe to give a performance in your school on the occasion of its Golden Jubilee celebrations. Write a notice in about 50 words informing the students about this event. 2. You are the Director‚ Physical Education of your school. Your school is playing
Premium Supply and demand Consumer theory Economics
Title Page Microeconomic Concepts Charlie Edwards Contents Page Page Title page 1 Contents page 2 1.0 Summary 3 2.0 Introduction 3 3.0 Over view of Qantas group 3 4.0 Products and Services 4 4.1 Economy and Economy plus 4 4.2 Business Class 5 4.3 First 5 5.0 Internal and external factors 5 5.1 Internal factors 6 5
Premium Qantas British Airways Airline
irretrievable payment for the installation should not be deemed a "fixed" cost‚ with its cost spread out over time. Sunk costs should be kept separate. The "variable costs" for this project might include data centre power usage‚ etc. In traditional microeconomic theory‚ only prospective (future) costs are relevant to an investment decision. Traditional economics proposes that economic actors should not let sunk costs influence their decisions. Doing so would not be rationally assessing a decision exclusively
Premium Economics Microeconomics Decision making
2011/1 ECO1IMI MICROECONOMICS 42 N 05/07/2011 2011/1 ECO1ISB INTRODUCTORY STATISTICS FOR BUSINESS SUSTAINABILITY IN GLOBAL BUSINESS 51 D 04/07/2011 2011/1 ECO1SGB 40 N 05/07/2011 2011/1 MGT1AIM ACADEMIC INTEGRITY MODULE P 04/07/2011 2011/2 BUS1MIS MANAGEMENT INFORMATION SYSTEMS MACROECONOMICS 50 D 01/12/2011 2011/2 ECO1IMA 38 N 01/12/2011 2011/2 ECO1IMI MICROECONOMICS 59 D 01/12/2011
Free Economics Management Microeconomics
Course Design Guide School of Business ECO/365 Version 4 Principles of Microeconomics Copyright © 2011‚ 2008‚ 2007‚ 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories‚ concepts‚ terminology‚ and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies
Premium Supply and demand Economics Microeconomics
Page 1 of 14 THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ECONOMICS SESSION 1‚ 2009 ‚ ‚ I ECONllOl MICROECONOMICS I FINAL EXAMINATION TIME ALLOWED - 2HOURS THIS PAPER IS WORTH 65% OF THE TOTAL SUBJECT MARK This examination paper consists of two parts - Part A and Part B Part A consists of 20 multiple choice questions each worth onc and one quarter (1.25) marks. Answer all the questions in Part A on the answer sheet provided‚ using pencil . only: Print your student number‚ name and
Premium Economics Monopoly Microeconomics
to expand my knowledge in econometrics and study econometric modelling. After preparing my seminar project‚ I began to be interested in labor economics and microeconomic issues. Besides econometrics‚ I want to deepen my knowledge in these topics also. The MA Program in Economics at Bogazici University is based on econometrics and microeconomics courses generally so I think that I can improve my abilities in my interest areas within the scope of this program. I have been thought by very good lecturers
Free Economics Macroeconomics Microeconomics
N.‚ (2012). Principles of Microeconomics (6th ed.) . Cengage Learning McGuigan‚ J. R.‚ Moyer‚ R. C.‚ & Harris‚ F. H. deB. (2014). Managerial economics: applications‚ strategies and tactics (13th ed.). Stamford‚ CT: Cengage Learning Nicholson‚ W. (2012). Microeconomic Theory: Basic Principles and Extensions (11th ed.). USA: Cengage Learning. Samuelson F. W. & Marks‚ G.S. (2012). Managerial Economics (7th ed.). Wiley Varian‚ H. R. (2011). Intermediate Microeconomics: A Modern Approach (8th ed
Premium Economics Supply and demand Investment
Important Microeconomic Formulas Total Product = Quantity (Q) Average Product (AP) = Total Product (Q) / Labour (L) Marginal Product (MP) = Change in Total Product / Change in Labour Profit = Total Revenue (TR) – Total Costs (TC) Profit = (Average Revenue – Average Cost) x Quantity Total Revenue (TR) = Price (P) x Quantity (Q) Total Costs (TC) = Total Fixed Costs (TFC) + Total Variable Costs (TVC) Total Cost (TC) = Average Cost (AC) x Quantity (Q) Average Cost (AC) = Total Costs (TC) /
Premium Costs Variable cost Marginal cost