Principles of Microeconomics (ECO2103) Diploma in Business Administration Mehdi Tasaloti mehdi.tasaloti@newinti.edu.my Faculty of Business‚ Communication & Law (FOBCAL) INTI International University August 2014 Session Faculty of Business‚ Communications and Law INTI International University 1 Class syllabus for Long semester Week 1-3 4-6 Topic Economics Concepts‚ Issues & tools Price Theory ( Demand & Supply) / Individual assignment/ Test 1 7&8 Applications
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The economy of Venezuela is surprising well for a South American country. Typically‚ when you think of the economies of South American countries you think that they are poor and dismal with high unemployment rates and squander. However‚ Venezuela has an upper middleclass economy due to the oil production of the country. In fact‚ oil revenues account for approximately ninety-five percent of export revenue for the entire country. Oil is also twelve percent of Venezuela’s gross domestic product‚ or
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Depth Scales * Explain what is meant by a “hypnotic depth scale.” * Give examples and explain the issues relating to the use of depth scales When discussing the topic of hypnotic depth they are referring to how ‘deep’ the subject is/can go into hypnosis and what is possible at that perceived level of depth. If you do the research you will find lots of different scales of depth‚ here I have taken the scale from the coursework provided by Adam Eason School of Therapeutic Hypnosis which upon
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Chapter 5: The Open Economy 1. In a small open economy‚ if exports equal $20 billion‚ imports equal $30 billion‚ and domestic national saving equals $25 billion‚ how much are net capital outflows? Answer:–$10 billion NX = capital flows = 20-30 = -$10b 2. In Micronesia‚ which is a small open economy‚ if exports equal $5 billion and imports equal $7 billion‚ what is Micronesia’s trade balance? Answer: Micronesia has a deficit trade
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1. INTRODUCTION The Airline Industry has been growing persistently and consistently over the past decade. Central to the globalization taking place in many other countries is the Airline Industry as it facilitates world trade‚ economic growth‚ international investment and tourism. It’s growth has generated many new opportunities for the tourism development. The benefits of tourism to the national economies of the countries are being realized by the government of those countries. Because of the companies
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What type of economy is the UAE. List the features that are typical of this type of economy and provide a detailed discussion as to why you have chosen this classification. The economy of a country is the economic systems of a country which consists of the labor‚ capital and land resources that it has. An economy has economic agents that are the consumption of goods‚ production‚ distribution and exchange. The United Arab Emirates is considered as an “open economy”‚ it consists in having economic
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Why did Japan ’s economy boost in the 1980s? The boost of the Japanese economy in the 1980s is like most complicated historical events‚ it cannot be reduced to a single cause or reason. Indeed‚ several factors played major roles in this economical enhancement‚ including good government decisions‚ the foundation of a new education system‚ external factors such as the American occupation and the American donations after the Second World War. Lastly‚ the people’s recognition of the role they had to
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Romina Gonzalez Robert Barriga Global Sourcing and Product Development 15 May 2013 Industry Research Paper 2 “The Importance of Low Micronaire Cotton” A new study at The Institute of Environmental and Human Health has found a new way of cleaning up oil spills. Following the Deepwater Horizon event that caused 11 deaths and a fire that was visible from about 35 miles away (Crittenden‚ 2010)‚ researchers realized that they needed to find a better way to clean up oil spills. Seshadri Ramkumar
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radiocarbon dating to determine the age of the carbon-based objects which is based on the rate of decay. When they determine how long the materials have been decaying they can then suppose the age. (AIU-Online‚ 2010) Anna Roosevelt and her team argues there was a prehistoric society in the low-lying area of the Amazon where people settled at rivers and estuaries in order to better take advantage of the natural food sources which they later used to make pottery more than 1‚000 years before pottery
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almost six years‚ the world economy has entered a period of uncertainty due to a financial turmoil triggered by the subprime mortgage crisis in the United States of America (USA). During 2002 to 2007‚ the world economic growth averaged 4.5 percent per annum compared to 3 percent in the 1990s. The sudden gloom in world economic prospects has come as a surprise in view of the persistent economic growth and stability. The crisis initially affected advanced economies and then its contagion spread
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