ECONOMICS SUMMARY NOTES (From Rein‚ to you‚ prepared with loving care‚ but with scant concern for accuracy) 1. BUSINESS CYCLES The cycles from economic upswing (boom) to economic recession (Black et al.‚ Ch 19.3) A business cycle may or may not consist of the following 4 cycles (Roux): (i) Recovery Phase / Upswing • Building up of inventories / stocks in reaction to sales • Investment in capital goods (machinery‚ equipment) to satisfy increasing demand • An increase in employment • Greater
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Economic Utility Student BUS 640: Managerial Economics Professor Date Economic Utility People have long made condescending declarations that theories do not have any practical application to real world problems. But‚ the problem with people who make comments such as those is that they have not learned how to properly use theories to aid in breaking down real world processes. Profitable solutions usually require that people understand how the real world functions‚ which is often far too
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precursor of globalization” (1). This precursor has evolved into what can be considered a global interdependence between nation states‚ whereby economies and markets are becoming increasingly integrated. Further explained‚ “The fact is that the world ’s people and nations are more interdependent than ever before and becoming more so. The evidence of interdependence is global flows of such things as trade‚ investment‚ and capital” (Lodge xi). The results of this integration do not just have mutual financial
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ASSIGNMENT COVER SHEET Surname Thango First Name/s Sifiso Student Number 130675 Subject Human Resources Management Assignment Number One Tutor’s Name Shamila Singh Examination Venue Johannesburg Date Submitted 08/09/2015 Submission First Postal Address 08 Gibson Street Westonaria 1779 E-Mail sifiso.thango@gmail.com Contact Number 0736562498 Course/Intake MBA Yr1 – July 2015 Signature: Sifiso Thango Date: 08/09/2015 CONTENTS INTRODUCTION QUESTION 1 (Strategic Human Resource Management)
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Introduction A contract is voidable or vitiate under several situations‚ economic duress is one of the examples. Economic duress is a vitiating factor in a contract as it is a common law defense. When there happens to be an economic duress in a contract‚ the party can make the contract voidable if the requirements are fulfilled. One needs to be noted that the contract is only voidable instead of being voided completely. A contract has no legal force or effect at all if it is being voided. However
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No Dogs Allowed 1. What economic question(s) does this case require the town to ask? What benefits and services would we provide to the community by building the dog park? Is building a dog park the best use of the undeveloped land? What percent of the population would benefit from building a dog park? 2. List the possible resources that the town would need to construct and maintain the park. Possible resources would include money‚ labor to construct the park and clear out the trees and maintenance
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of Managerial Economics Economics has two major branches namely Microeconomics and Macroeconomics and both are applied to business analysis and decision-making directly or indirectly. Managerial economics comprises all those economic concepts‚ theories‚ and tools of analysis which can be used to analyze the business environment and to find solutions to practical business problems. In other words‚ managerial economics is applied economics The areas of business issues to which economic theories can
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13 Engineering Economics 1.0 INTRODUCTION The broad field of economics may be divided into macro and micro economics. Macroeconomics involves problems associated with nations such as trade‚ trade deficits‚ monetary policy‚ national productivity‚ growth of the economy‚ inflation‚ budget deficits‚ national debt‚ unemployment‚ tariffs‚ etc. Microeconomics involves problems of firms and of individuals. Engineering economics is a special branch of microeconomics largely involved with the analysis
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Macro Economic System and its Management. 1. Macro Economic Concerns: • Micro vs Macro Economics. • Major Building Blocks of Macro Economics: 1) AD & AS 2) Four Sectors: HHS‚ BS‚ GS & FTS 3) Two Markets: Commodity Market and Money Market. • Specific issues to be addressed in Macro Economics: o Rising Prices o Rising Unemployment o Falling GDP o Balance of Payments Crisis. • Tools of Macro Economic Policy and Management:
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