Technical Questions Question No.1: What are differences between the microeconomic and macroeconomic perspectives on the economy? Question No.3: What are the four major types of markets in microeconomics analysis? What are the key characteristics that distinguish these markets? Question No.5:In macroeconomics‚ what are the five major categories of spending that make up GDP? Are all five categories added together to determine GDP? Application Questions Question No.3:In each of the following
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and focuses on clarifying fundamental concepts from microeconomic viewpoint. The students are expected to study and analyses the dynamics of managerial decision making through this course. Also wherever possible‚ students are expected to study‚ analyses and interpret empirical evidence and case studies available currently on various basic concepts. 1. Definition‚ Nature and Scope of Managerial Economics‚ Managerial Economics and Microeconomic and Macroeconomics. Managerial Economics and decision-making
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Income Accounting 13. Aggregate Demand‚ Supply and Equilibrium Recommended Books 1. Pindyck‚ R. S.‚ Rubinfeld‚ D. L. and Mehta‚ P. L. (2008). Microeconomics. 6th Edition. Pearson Prentice Hall. 2. Mankiw‚ N. G. (2010). Macroeconomics. 7th Edition‚ Worth Publishers 3. Parkin M. (2003). Microeconomics. 6th Edition. Addison
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major ones begin macroeconomics and microeconomics. Macroeconomics encompasses the conclusion made by the people in the general public‚ such as the changes in interest rates that affects the national savings. Macroeconomics is the study of the complete structure of economics. Microeconomics consists of economics decisions made at a lower level. For example the change of a price item affecting an individual’s decision of purchasing that particular item. Microeconomics focuses on how the organization
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1. How would you differentiate between organizational buying and individual buying? Taking the example of purchase of a computer for your personal use and for organizational purposes‚ explain the differences. Answer : Definition of organizational buying: Webster and wind define organizational buying as follows: ‘Organizational buying is a complex process of decision making and communication‚ which takes place over time‚ involving several organization members and relationship with other
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analysis - various models are used to quantify risk and asymmetric information and to employ them in decision rules to manage risk.[6] Production analysis - microeconomic techniques are used to analyze production efficiency‚ optimum factor allocation‚ costs‚ economies of scaleand to estimate the firm’s cost function. Pricing analysis - microeconomic techniques are used to analyze various pricing decisions including transfer pricing‚ joint product pricing‚ price discrimination‚ price elasticity estimations
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Discussion Question #4 The first time I read the poem‚ the first thing that went through my mind was Zhou Yu was courting or asking a girl for her hand in marriage. Since Zhou Yu served as the state’s general and military strategist‚ it only seemed fair that he was to be wed with a girl whom has royal blood. After reading a few history books in the De La Salle Library‚ I take back my previous impressions on the poem. After reading a book about early Chinese history‚ it gave me a whole new perspective
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the vendors. They are the ones who get the vendors to join the Sephora family. They also help with what stores they will go to‚ marketing programs and how the brand will grow. 5. What is the responsibility of an inventory strategist? What do they do? The inventory strategists are responsible for the quantity of the product. 6. What is the responsibility of the distributor? The distributor places the items in every seller’s doors‚ and keeping up with all stock levels. 7. How many brands does Sephora
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Game Theory and Business Game theory emerged as a scholarly field of study in the first half of the 20th century. Since that time‚ it has significantly affected various academic disciplines‚ such as economics‚ political science and biology. Although the term "game theory" may suggest a certain frivolity‚ the concepts underlying it have many real-world applications and offer a structured and logical method of considering strategic situations. The parallels between competitive games and strategic
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Executive Summary Analysis of Operating Environment and Competition Online Matrimonial Services We have analyzed the various aspects with respect to the online matrimonial services taking into account a wide range of Macroeconomic and Microeconomic factors that affect this business. We have studied these with the perspective of Bharatmatrimony.com‚ one of the leaders in this field. Some of the major findings can be highlighted as follows: 1) Demographic Factors: The majority (40%) of the users
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