...18/04/2013 Individual assessment declaration: This assessment item is my own work, except where acknowledged, and is not the result of collaboration with others. Signature / Student ID Date Group assessment declaration: * This work is the result of collaboration amongst all members of the group listed below and no others. All members of the group have contributed to the assessment. Family name Given name Signature/Student ID NB: If the assessment is submitted electronically please type name/s into the signature field. 3392418 3451117 3407374 3405350 Livio Greg Grant Brett Barbagallo Marshall Kaczorowski Daley Gavin 3379593 Jennings Please complete either the individual OR group assessment declaration below. * I declare that I have read, understood and followed the University Rules in respect of student academic misconduct outlined in the Student Code of Conduct and Annexure 1 of the Student Misconduct Procedures. * I declare that this assessment item is my own work, except where acknowledged, and has not been submitted for academic credit previously in whole or in part. * I declare that appropriate citation methodology has been used throughout the assignment in accordance with the UNSW policy on Academic Misconduct. I have read the policy on plagiarism in the AGSM Student Handbook. * I acknowledge that the assessor of this item may, for assessment purposes: ...
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...Opportunity Cost of getting an MBA and Economic Factors to consider while taking a degree The opportunity cost of getting an MBA is what one must forego as a result of the resolution to pursue an MBA. Acquiring an MBA has potential career flexibility and advancement opportunities. This, however, gets accompanied by a huge price tag. Inflation has been outgrown by the higher education costs in America. Acquisition of an MBA has combined tuition costs with accommodation and stationery costs (John & Scott 112). MBAs can incur between 100 and 200 thousand dollars in expenses and debts in a two-year period. An annual tuition fee of 30,000 dollars can be increased with 10,000 dollars in additional boarding and stationery expenses. Moreover, a lot of programs necessitate the purchase of laptops in addition to costly overseas trips. Such "peripheral" costs can lead to semester expenditure double the tuition. To earn an MBA at an acceptable cost, it is advisable to pursue programs at public universities as they offer a less expensive option compared to the expensive private business school that lead one into educational debt. Some major companies and corporations assume partial or the full costs of an MBA program. It is advisable to pursue such an alternative as an MBA program is a capital-intensive effort that should be undertaken with diligence. Economics factors when pursuing a degree or taking another route in life Investing in oneself by pursuing a degree provides one...
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...Top Three Reasons Not to Get an MBA There is no question that everyone in today’s market was affected by the recession. According to Kimberly Amadeo, “An economic recession is when growth slows, usually due to a fall-off in consumer demand. As sales drop off, businesses stop expanding. As unemployment rises, and consumer purchases fall off even more, housing prices usually decline” (Amadeo n.d, What is Economic Recession? Para. 1). Many Americans have elected to go back to school and further their education toward an MBA to be more competitive in the job market. However, there are reasons pursuing an MBA or any grad degree may not be the best option. Such objections include cost of tuition, time spent away from work and family, and the job availability after graduation. Cost of Tuition The stress of paying the house, car, and credit cards can be overwhelming. Also individuals need to think about the cost of pursuing a higher education. “Although the cost of an MBA degree can very, the average tuition for a two-year MBA program exceeds $60,000” (Schwietzer, 2011. How Much Does It Cost to Earn an MBA? Para. 2). Many individuals will have to get a loan and pay interest for a considerable time. Also the cost of tuition continues to rise. “ Though MBA programs have multi-million dollar operating budgets, schools say tuition revenues cover less than half of their annual expenses, making cost-hiking a necessary evil. Each year, B-school tuition...
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...Top Three Reasons Not to Get an MBA Shaun Hamilton MGT/521 March 30, 2012 Gary Maxa Top Three Reasons Not to Get an MBA There is no question that everyone in today’s market was affected by the recession. According to Kimberly Amadeo, “An economic recession is when growth slows, usually due to a fall-off in consumer demand. As sales drop off, businesses stop expanding. As unemployment rises, and consumer purchases fall off even more, housing prices usually decline” (Amadeo n.d, What is Economic Recession? Para. 1). Many Americans have elected to go back to school and further their education toward an MBA to be more competitive in the job market. However, there are reasons pursuing an MBA or any grad degree may not be the best option. Such objections include cost of tuition, time spent away from work and family, and the job availability after graduation. Cost of Tuition The stress of paying the house, car, and credit cards can be overwhelming. Also individuals need to think about the cost of pursuing a higher education. “Although the cost of an MBA degree can very, the average tuition for a two-year MBA program exceeds $60,000” (Schwietzer, 2011. How Much Does It Cost to Earn an MBA? Para. 2). Many individuals will have to get a loan and pay interest for a considerable time. Also the cost of tuition continues to rise. “ Though MBA programs have multi-million dollar operating budgets, schools say tuition revenues...
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...MBA 6053, Economics for Managers Course Syllabus Course Description Review of managerial economics and problems encountered in firm management. Examines changing economic environment, business trends and fluctuations, and introduces forecasting techniques. Prerequisites None Course Textbook Keat, P., & Young, P. (2009). Managerial economics (6th ed.). Upper Saddle River, NJ: Prentice Hall. Course Learning Objectives Upon completion of this course, students should be able to: 1. Discuss managerial economics and its relationship to microeconomics and other related fields of study such as finance, marketing, and statistics. 2. Decide economic goals for the firm and develop optimal decisions that will bring the firm closest to those goals. 3. Define supply, demand, and equilibrium price. 4. Apply the concepts of price elasticity, cross-elasticity, and income elasticity. 5. Specify the components of a regression model that can be used to estimate a demand equation. 6. Define production function, and explain the difference between a short-run and a long-run production function. 7. Distinguish between economic cost and accounting cost. 8. Describe the key characteristics of the four basic market types used in economic analysis. 9. Cite the main differences between monopolistic competition and oligopoly. 10. Analyze the practice of cartel pricing. 11. Illustrate game theory, and explain how it helps better understand mutually interdependent management decisions. 12. Define...
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...Russell Arenz III July 12, 2010 Construct and Support an Argument My decision to continue my education and pursue an MBA is to gain the required skills needed to start a new career in my near future. Pursuing an MBA will make it possible to live a better economic life and to have a good job with security and top pay. I have chosen this route even with the current economic situation, knowing that new jobs may not be available by the time I finish with my MBA. An MBA would benefit me greatly in a variety of ways. Pursuing an MBA will aid in the development of the skills I need in the finance and accounting areas. Of course the increase in pay from possessing an MBA does not hurt either. When researching jobs online I am finding that by having a master’s degree, the pay is substantially higher than those with a bachelor’s degree. Other than career and financial reasons, I do have a personal goal to achieve more than my siblings. Out of four sisters only two of us have a bachelor’s degree. I would love nothing more than to become the other sibling to obtain a masters degree. Plain and simple, I want to do better than all of my sisters. In this economy, having a good paying job with security is vital. “In nearly every sector of the globe, the prospect of making more money and living a better economic life draws thousands of students to MBA programs” (Euders.com, 2009). I plan hopefully to open my own business someday in the very near future. With running my own...
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... I am intrigued by how MBA contributes to complex economic situations and how the volatile nature of the economy is reflected through basic principles. As a natural extension of this interest, my career goal is to be a research-oriented student. To meet the growing complexity of the economic environment, companies increase their emphasis on corporate financial management. Meanwhile, personal finance with information technology becomes more important and relevant to our daily life. Exposed to such a business world, it is necessary to equip myself with a set of quantitative and analytical skills to tackle real problems and to advance the frontiers of the domain. This motivation greatly drives me to pursue a Master degree in business administration. Without any doubt, such an invaluable education will prepare me to carry out independent research and be an effective college educator. My graduate degree was in Business Administration (MBA) with Finance specialization, which primarily focused on macro/micro economics, statistics, financial and managerial accounting and quantitative analysis of investment methods. In addition to providing the basic concept of theories, these subjects also offered me the threshold of quantitative tools. By recognizing the significance of these courses, I endeavored to absorb the essence and fundamental approaches. With an aim to broaden my perspective and prepare for further academic advances, I decided to study for MBA in a U.S. college. Past...
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...A B. Finance Specialization Requirements (12 semester hours): Term Two (spring) | | | IMB 531 Portfolio Analysis and Management I: Equity | (2) | | IMB 532 Portfolio Analysis and Management II: Fixed Income | (2) | | IMB 533 Portfolio Analysis and Management III: Derivatives and Financial Risk Management | (2) | | IMB 536 Global Macroeconomic Trends and Financial Institutions or CSB Elective | (1) | | IMB 534 International Real Estate Investment | (1) | | IMB 539 Financial Management | (2) | | IMB --- CSB Elective | (2) | | Or | | | | | | IMB 595 Special Topics in International Business (to be completed at an IBSA partner school) | | C. Thesis or Extensive Written Case Analysis (12 semester hours): Term 3 (summer) | | | IMB 599 Thesis | (6) | | IMB 594 Capstone Project / Practicum | (6) | IMBA Course Descriptions (UNCW) The course descriptions shown below are only for courses offered by UNCW and the Cameron School of Business. See each alliance school for their course offerings. IMB 531. Cases in International Finance (1-2) This course will focus on international financial management cases. Cases will build on topics of international monetary systems, international investment decisions, portfolio diversifications, multinational capital structure, and foreign exchange risk and management. IMB 532. Portfolio Analysis and Management I (2) This course is designed to focus on tool and techniques of modern portfolio theory...
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...Alfaisal University College of Business Master of Business Administration Professional Program MBA 513 Managerial Economics Course Syllabus Instructor: Dr Declan McCrohan © The College of Business, Alfaisal University, 2013. The materials contained in this document may only be used during the Alfaisal University MBA Program. Except as stipulated under national and international copyright laws, no part of this document may be copied, reproduced, stored or transmitted in any form or by any means, or used for any commercial purpose without the written permission of the copyright owner. Contact Information and Class Times Instructor: | Dr Declan McCrohan | Address: | College of Business, Alfaisal University,PO Box 50927,Takhassusi StreetRiyadh 11533,Kingdom of Saudi Arabia | | Email: | dmccrohan@alfaisal.edu | | Office: | +96612157717 | Consultation hours: | To be confirmed | Office: | College of Business, male section. | Class Times: | Cohort 1: Mon 9-12 Cohort 2: Sun 6-9pm Cohort 3: Mon 6-9pm | Venue: | Alfaisal University. Please check your personal academic timetables for the classroom location. | Course Instructor Dr Declan McCrohan graduated with a PhD in Applied Economics and a Masters degree in International Trade from Victoria University in Australia. His PhD research examined the impact of overseas students’ social networks on international trade flows. Dr McCrohan has extensive...
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...My MBA Program and what I have learned Thomas Domino University of Phoenix LAW/531: Business Law June 27, 2012 Michael Tancredi Good evening, my name is Thomas Domino AKA Tommy Tucker. I have been involved in businesses all my life. I’m an Artist. I started when I lived in Fairlawn N.J. with a paper route when I was 12 years old and continued after my family moved the next year to a small town in upstate N.Y. called Washingtonville. My dad being a Cost Engineer for Kellogg heating and coolant equipment designs, and with a large family, he always encouraged all of my 5 brothers and 2 sisters to help with family chores; that included outside projects. One of our family businesses was hand decorated felt family character images glued to ceramic plates. My mother and father would approach friends and acquaintances from our neighborhood and the church as customers. The plate business grew so fast, I had to use my Artistic talents to help my mother design and produce the plates. Years later my mother was still making decorative plates for her “mad money” to spend in Atlantic City, N.J. at the casinos. During my teenage years, I painted signs for local businesses, and also had a lawn mowing business. So I learned the art of dealing with customers, delivering a product or providing a service for the exchange for money values. I also trapped animals, and sold the pelts to middleman fur dealers around Christmas time; used the money...
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...Opportunity Cost/Team C Rachelle Eubanks-Barker, Brandon Morgan, Thomas Moss, Renita Tinsley, Arlene Romero Cruz ECONOMICS ECO/561 December 22, 2014 Jaime Morales There are a few different aspects that could be considered opportunity costs while attending the University of Phoenix’s MBA program. People make a commitment and this does not come lightly, they sacrifice personal time and sleep to account for the many hours put into time and studying. Most can hold down a job since there is no set time one has to study, whether one takes out student loans or pays from their checks this is also sacrificed money to obtain the end goal. These could all be considered opportunity costs depending on the person and their lifestyle, there is no doubt these challenges are strong commitments each one entering this program takes. My organization deals with a lot of marketing tactics that require spending money on our customers; we are always giving out gifts and incentives to let everyone know how generous and favorable our product is. When we release any new product the fixed costs are already in place for wages and benefits of these people going out to try and sell the product, the variable costs is how much money it takes in presentations and gifts to get everyone on the right page. The risks of this is that the customer might not decide to buy it at all, this happened recently that a mine agreed to buy our product but then new management stepped in and pulled the plug; there are...
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...Date of Birth: 18th Sep 1987 Address: Unit 2, No. 94 Hayamanesh St., Kaboli Ave. Tehran, Iran 16316-43351 Marital Status: Single Phone: Home: (+98) (21)88466239 Cellphone: (+98) (913)3987938 fateme_askarzadeh@yahoo.com Fatemeh Askarzadeh Education: MS/MBA in management (Major in Financial Management) Graduate School of Management and Economics (GSME) Sharif University of Technology, Tehran, Iran, GPA: 4/4 2010-2012 B.Sc. in Electrical Engineering (Major in Control) Sharif University of Technology, Tehran, Iran 2005-2009 High school Diploma/Pre-University Certificate Dr. Hesabi Talented Students High School, Kerman, Iran 2001-2005 Related Courses: Related Courses: Investment Management (Top Market) Financial Management (Top Market) Managerial Accounting (Full Mark) Seminar on Finance (Top Market) Topics in Finance Microeconomics (Distinction) Management Decision Models (Distinction) Behavioral Finance “Training Course” Engineering Economics Mathematical Courses: General Mathematics I General Mathematics II Engineering Mathematics Differential Equation Engineering Probability and Statics Numerical Computation Linear Algebra Research and Projects: "QE Policy impact on the Gold Market", Donyaye Eqtesad Newspaper "Currency Bourse impact on the Futures Market",Donyaye Eqtesad Newspaper "Global Disappointment and Local Market", Donyaye Eqtesad Newspaper “Feasible Study of Option Market in Iran”, Spring 2011 “Combination Strategies of Financial Instruments”, Fall...
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...AMITY INTERNATIONAL BUSINESS SCHOOL MBA (International Business) Course Title: Economic Analysis Programme Name: MBA (IB)/3C MBA Course Code: MIB 106 Semester: I Classroom contact hours: 40 hours Faculty: Prof. Ajit K Pandey Prof. Kshamta Chauhan Credit Units: 04 Prof. Harendra K Pandey Self Study hours: 80 hours Course Objective This course aims to integrate various principles and concepts from different fields of economics with typical problems of managerial decision-making and policy formulation in business organizations whether in a local or global context. Understanding the application of economic principles to key management decisions will provide guidance to increase value creation within organizations, and allows a better understanding of the external business environment in which organizations operate. Learning Outcomes At the end of this course the student will be able to • − Use the theory of the firm to model business organizations • − Apply demand theory to establish the elasticity of demand • − Use demand estimation to forecast demand trends and change • − Apply production theory to manage production • − Use cost theory to establish short and long run behavior • − Describe market structures to establish market equilibrium • − Use pricing strategies to enable organizational coherence • − Use macroeconomic principles to address market...
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...www.cambridge.org/micro4mbas McKENZIE: MICROECONOMICS FOR MBAS PPC CMYBLK ................................................................................................................ 10 Monopoly power and firm pricing decisions If monopoly persists, monopoly will always sit at the helm of government … its bigness is an unwholesome inflation created by privileges and exemptions which it ought not to enjoy. If there are men in this country big enough to own the government of the United States, they are going to own it. Woodrow Wilson That competition is a virtue, at least as far as enterprises are concerned, has been a basic article of faith in the American Tradition, and a vigorous antitrust policy has long been regarded as both beneficial and necessary, not only to extend competitive forces into new regions but also to preserve them where they may be flourishing at the moment. G. Warren Nutter and Henry Alder Einhorn t the bottom of almost all arguments against the free market is a deep-seated concern about the distorting (some would say corrupting) influence of monopolies. People who are suspicious of the free market fear that too many producers are unchecked by the forces of competition, but instead hold considerable monopoly power or control over market outcomes. Unless the government intervenes, these firms are likely to exploit their power for their own selfish benefit. This theme has been fundamental to the writings of economist John Kenneth Galbraith: The...
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...goals are to complete my MBA and get my JD(Judicial Doctorate) and become a corporate attorney and run my own business and a business degree is the first step in my quest to becoming an attorney and future success. While going through the virtual campus I found the interactive reading and activities to be the most useful to me. This was because it helped me understand the content and practice what I learned. There are three basic business environments(legal, social, and economic) that affect the success of a business. The legal environment of a business is the law as it affects a business and is governed by state, country, and international laws. This includes laws on what can and can't be produced or sold, consumer and employee protection laws, tax and other financial laws, as well as many rules and regulations with regards to business ethics, code of conduct, arbitration, and when and how to seek legal advice. The social environment of a business is the factors that affect a business socially. Every business works in a society and different factors such as family, educational institutions, and religion affect a business. Other social factors such as demographics, racial diversity, and social financial issues also affect a business. The economic environment of a business is the factors that affect a business economically or influence the buying behavior of consumers and institutions such as employment, income, inflation, productivity, economic conditions such as wealth...
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