Lesson - 1 Business Economics- Meaning‚ Nature‚ Scope and significance Introduction and meaning : (Author : Dr. M.S. Khanchi) Business Economics‚ also called Managerial Economics‚ is the application of economic theory and methodology to business. Business involves decision-making. Decision making means the process of selecting one out of two or more alternative courses of action. The question of choice arises because the basic resources such as capital‚ land‚ labour and management are limited and
Premium Utility Economics Consumer theory
three compelling economic benefits of global economic integration Global economic integration has different benefits for countries‚ which are involved in it‚ that is the reason for the existence of different trades and agreements as WTO‚ GATT‚ MERCOSUR and NAFTA among others which have facilitated international business in terms of communication‚ economic growth‚ standardization of policies tariffs and the most important fact which has been that countries involved in economic integration are
Premium International trade World Trade Organization
Assessing Indonesia’s Economic Performance in 2007 – 2012 The Resilient Rising Economic Power in the Midst of Global Crisis Indonesia is one of the developing countries who possess potential to grow as a new economic power both in Asia as well as in the world. Indonesia‚ alongside China and India‚ were the countries with the best and most consistent economic growth for the past five years. Indonesia grows at an average rate of 6% every year since 2007. Even the collapse of world financial
Premium Indonesia Investment Macroeconomics
English Dossier Miléna Gandroz 2A Cycle ICM What are the causes and the consequences of the global financial crisis of 2008? SOMMAIRE INTRODUCTION 3 WHY IT HAPPENED? 4 1. Deregulation policy 4 2. Securitization of mortgages 4 HOW IT HAPPENED? 6 1. The subprime crisis 6 2. The financial crisis 6 WHAT ARE THE CONSEQUENCES? 7 1. In the financial sector 7 2. In the United States 8 3. Abroad 8 WHAT IS HAPPENING NOW? 8 1. Some things are changing 8
Premium Subprime mortgage crisis Bank Financial services
The Nature and Scope of Managerial Economics Managerial Economics • Managerial economics‚ meaning the application of economic methods in the managerial decisionmaking process‚ and it is a fundamental part of any business. This is happening for several reasons It is becoming more important for managers to make good decisions and to justify them‚ as their accountability either to management or to shareholders increases. Number and size of multinationals increases‚ the costs and benefits
Premium Economics Costs Economics of production
phenomenon of global warming can not be ignored anymore. Looking back in history‚ this phenomenon not only appeared in recent years‚ in the past‚ the losses global warming brought to us were innumerable‚ and we can not possibly think what will happen in future. The direct losing in economic was by natural disaster which caused by global warming‚ and the indirect losing was impossible to measure yet. Now global warming is getting more and more serious: the greenhouse effect causes the large area
Premium Climate change Water Earth
The cause and effects of global issue Because of the development of technology‚ which people use to treat diseases‚ the deaths caused by communicable disease are decreasing all over the world. However‚ the deaths of Non-communicable diseases increase. Non-communicable diseases such as Diabetes‚ Cardiovascular diseases (CVD) and cancer‚ which are caused mainly by the bad lifestyle result in the burden to the global economy and caused many deaths in the whole world. In this essay‚ firstly‚ the causes
Premium Obesity Hypertension Myocardial infarction
LC#3 Mr.Sylvester 16 Feb 2011 The Causes and Effects of Global Warming If you’re accustomed to thinking of global warming as something happening out there--say‚ in the Artic or the Antarctic or high in the atmosphere--you may be in for a shock.(Silvestro.) Global warming is the observed and projected increases in the average temperature of Earth’s atmosphere and oceans (wijkman). Today‚ this is one of our most damaging problems (Global). Global warming is caused by the buildup of atmospheric
Free Carbon dioxide Global warming Fossil fuel
The Causes of Subprime Mortgage Financial Crisis By Jessica Tian Abstract The U.S. subprime mortgage crisis was a set of events that led to the 2008 financial crisis‚ characterized by a rise in subprime mortgage defaults and foreclosures. This paper seeks to explain the causes of the U.S. subprime mortgage crisis and how this has led to a generalized credit crisis in other financial sectors that ultimately affects the real economy. In recent decades‚ financial industry has developed quickly
Premium Subprime mortgage crisis
In the mid-twentieth century the earth’s average temperature is increasing due to the fact that global warming is taking place. Global surface temperature has increased about a degree in the past century. The progressive gradual rise of the earth’s surface temperature thought to be caused by the greenhouse effect is responsible for changes in global climate patterns. An increase in the earth’s atmospheric and oceanic temperatures is widely predicted to occur due to an increase in the greenhouse
Premium Greenhouse gas Carbon dioxide Global warming