Economic System The 3 Types of Economic Systems - Centrally planned economy - Mixed economy - Market economy Centrally planned economy System in which a nation’s resources are owned by the government. Came from the ideology that the welfare of the group is more important than individual well being‚ the idea came from Karl Marx. The decline of Centrally planned economies was in the 1980’s nations began to dismantle communist central planning in favor of market based economy. Mixed economy
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ECON 201 Introduction to Microeconomics Lecture Notes Second Edition HANY FAHMY E. info@hftutoring.com w. www.hftutoring.com T. 514 979 4232 This material is copyrighted and the author retains all rights. No part of this material may be reproduced or transmitted in any forms or by any means‚ or sorted in a data base or retrieval system without the prior written permission of HF Consulting. COURSE PACKAGE INFORMATION This is a free copy of the first part of ECON 201 course package
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recognised through people motivation and the development of an organization culture based on mutual trust and team work. ← The factors above must be factored into the HR strategy which is premised on employee influences‚ HR flows‚ reward system etc. ← The outcomes from such a set up are soft in nature as they include high congruence‚ commitment‚ competencies etc. ← The achievement of the crucial HR outcomes has got an impact on long term consequences‚ increased productivity
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effective and efficient When communication is not successful: * Problems not getting spotted or addressed * Leadership becoming isolated and following events not shaping them * The size of the organization has grown too large to work effectively If there is inadequate communication‚ business consider to: * Develop flatter structures of management (less levels of management) * Develop more empowerment amongst workers * Offer better employee training * Control the volume
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a mediator SWEDISH CULTURE AND PEOPLE MANAGEMENT Swedish organizational and management culture is: Low in power distance High in individualism Very high on femininity Low in uncertainty avoidance Six fundamental values are stressed in economic/political democracy: Equality Freedom Democracy Solidarity Security Efficiency There is close collaboration between business‚ government and labour “Lagom” = ‘middle road’ + ‘reasonable’‚ unemotionally practical There are 3 main facets of
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Optimization Filomena Garcia Optimization Optimization Problems in Rn Parametric Form Examples The objectives of Optimization Theory Mathematical Economics - Part I Optimization Filomena Garcia Existence of Solutions Unconstrained Optima Equality Constraints Inequality Constraints Convex Structures in Optimization Theory Quasiconvexity Fall 2009 Filomena Garcia Optimization Optimization Filomena Garcia Optimization Optimization Problems in Rn Parametric Form Examples The objectives
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Intro To Econ notes * Lesson 1.00: Basic Economic Concepts * Macroeconomics- the study of our national and global economy * To determine how to allocate our nation’s scarce resources and use them more efficiently * Lesson 1.02: Economic Basics * 3 basic economic questions * What goods will be produced? * How will resources be used in the production process? * Who will receive the goods? * Ceteris paribus= all other things being equal
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Economic Development - Changes in income‚ savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades‚ with whom
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How to Chair a Meeting Effectively Many of you will chair meetings as part of your role and those that don’t may in the future or will in someone’s absence. Here are some points to remember: What Makes a Good Chair Below are some general pointers about what makes a good Chair of a meeting. Some of you will have these skills‚ possibly without realising them‚ other will have some but not all. They are things to think about and focus on as you develop your role of a Chair to optimise your abilities
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income falls to $600 a week. Assuming they have a constant marginal propensity to consume‚ calculate the following. A). their new level of consumption. =0.66 (APC) x 600= $400 B). their new level of saving. =0.33 (APS) x 600= $200 3. Explain how and why savings levels tend to change over the course of a person’s lifetime. Fluctuations in savings levels occur due to different expectations‚ skills‚ education and overall income levels at different stages in an individual’s life. Young people
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