...Nature and scope of economic science, its relationship with other social sciences; quantification of economic variables, theories of consumer behavior and of the firm: linear economic models; market structures; social accounting and basic elements of economic planning. Learning Outcomes: At the end of the course and having completed the essential reading and exercises, the students will be able to – Analyse and interpret the relationship between factors influencing demand and supply Explain and analyse the nature of production and its relationship to costs. Analyse business practices with respect to pricing and competition. Understanding the various strategic options in banking sector in the context of consumer behaviour and markets analysis. Understand and describe the concepts and measurement of gross domestic product, unemployment, and inflation. Understand and describe the difference between business cycles and economic growth and the factors that contribute to each. Page 1 of 6 Understand and describe the concept of Macroeconomic Equilibrium. Understand and describe how Aggregate Demand and Aggregate Supply determine equilibrium price and output in the short-run and long-run. Understand and describe the multiplier concept, how it is computed, and its qualifications and limitations. Analyze and describe the concepts, tools, and implementation of fiscal policy, its limitations and relative advantages and disadvantages, and how it affects aggregate economic activity. Understanding...
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...information. There school of Business offers many different courses all of them lying under or comprising of the different disciplines that are found in business school. Some of these include: i. Business, Economics and Public Policy Course Relation to Decision making Focus Computerized support Intro to Business Economics Explores the economics and politics of public policy to provide the student with an analytic framework. Policy issues relating to taxation, social security, low-income assistance. High Financing and Managing Government Covers cost-benefit evaluations which influence decision making. Role of public policy in affecting the efficiency of markets and the distribution of resources in society. High. Economic Analysis of Law Teaches students how to think as an economist about legal rules and evaluate alternative legal rules. Interpretation of legal rules Moderate Behavioural Economics, Markets, and Public Policy Applies insights from psychology to the study of economic phenomena and decision making. How psychology plays out in markets, where consumers and firms interact and compete. Moderate Managerial Economics The application of microeconomic theory to management problems To understand economics in order toanalyse private and public management problems in an economic framework High Risk Analysis and Environmental Management introduce students to the complexities of making decisions about threats to human health and the...
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... | |Course |This course is an interdisciplinary and systematic introduction to international business with an emphasis on the:| |Objective |drivers, patterns and trends of globalization | | |national differences in political economy | | |international trade theories and patterns of international trade | | |political economy of international trade and investment | | |implications of regional economic integration | | |global monetary system | | |strategies and structures of international business | | |foreign market entry strategies and international strategic alliances | |Instructor |Muhammad Nauman Habib, | | |Ph.D. Scholar,...
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...ANALYSIS FOR SAFETY PROGRAMS IN THE WORKPLACE The activities aimed at safety at work are regarded as an investment made in the field of human resources. These activities give rise to costs for the company. The advantages and disadvantages of various types of analysis of costs and benefits are determined by the expectations of the management. This status report considers three different economic analyses. A working hypothesis determines which one of the methods is the most feasible and appropriate in attempting to explain the advantages and disadvantages of a particular safety program. Finally, a conclusion reveals the steps that are yet to be taken, the final recommendation and presentation deadlines. PROBLEM STATEMENT Apart from the ethical/moral reasons, underlying the desire to protect the health and human life, and from the obligations arising from the law of rules and regulations, economics play an increasingly important role in choosing a safety plan. Safety is increasingly being considered as an investment made in human resources (Zangmeister & Nolting, 1996). It is essential to evaluate such investment in terms of return, and based on this criteria a particular safety project is chosen rather than another one. The objective is the evaluation of measures aimed at quantifying the strengths and weaknesses of different safety plans. ALTERNATIVE METHODS...
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...Impact assessment of capacity building and training: assessment framework and two case studies Jenny Gordon and Kevin Chadwick Centre for International Economics, Canberra February 2007 The Australian Centre for International Agricultural Research (ACIAR) operates as part of Australia’s international development cooperation program, with a mission to achieve more-productive and sustainable agricultural systems, for the benefit of developing countries and Australia. It commissions collaborative research between Australian and developing-country researchers in areas where Australia has special research competence. It also administers Australia’s contribution to the International Agricultural Research Centres. ACIAR seeks to ensure that the outputs of its funded research are adopted by farmers, policy makers, quarantine officers and other beneficiaries. In order to monitor the effects of its projects, ACIAR commissions independent assessments of selected projects. This series reports the results of these independent studies. Communications regarding any aspects of this series should be directed to: The Research Program Manager Policy Linkages and Impact Assessment Program ACIAR GPO Box 1571 Canberra ACT 2601 Australia tel +612 62170500 email © Australian Centre for International Agricultural Research GPO Box 1571, Canberra ACT 2601 Gordon, J. and Chadwick, K. Impact assessment of capacity building and training: assessment framework and two case studies. Impact Assessment...
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...Version 1 General Certificate of Education (A-level) January 2013 Economics ECON2 (Specification 2140) Unit 2: The National Economy Final Mark Scheme Mark schemes are prepared by the Principal Examiner and considered, together with the relevant questions, by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events which all examiners participate in and is the scheme which was used by them in this examination. The standardisation process ensures that the mark scheme covers the candidates’ responses to questions and that every examiner understands and applies it in the same correct way. As preparation for standardisation each examiner analyses a number of candidates’ scripts: alternative answers not already covered by the mark scheme are discussed and legislated for. If, after the standardisation process, examiners encounter unusual answers which have not been raised they are required to refer these to the Principal Examiner. It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on the basis of candidates’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will change, depending...
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...INTRODUCTION Although the original decision to undertake an investment in a particular foreign country may be the outcome of combination of strategic, behavioural and economic considerations, choice of a specific project within a particular product-market posture calls for evaluation of its economic feasibility. For this purpose, capital budgeting exercise has to be done. A firm should deploy funds in a project if the marginal revenue obtained there from exceeds the marginal cost. For an MNC, capital budgeting involves economic analysis of the firm's direct investment opportunities. Whatever be the motive for Direct Foreign Investment (DFI), an MNC's very survival and sustainable competitive position depends on its ability to identify and choose the most profitable investment opportunity. Capital budgeting technique provides the mechanism to identify opportunities and evaluate their economic viability. This is why MNCs evaluate international projects by using capital budgeting techniques. Proper use of capital budgeting techniques can help the firm in identifying the international projects worthy of implementation from those that are not. 13.2 FUNDAMENTALS OF EVALUATING FOREIGN PROJECTS Once a firm has compiled a list of prospective investments, it uses capital budgeting techniques to select from among them that combination of projects that maximizes the firm's value to shareholders. The theoretical framework involved in evaluation of domestic projects is the same as for foreign projects...
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...Draft Proposal on Impact Assessment of Urban Agriculture Research and Development in Nairobi By William Omoto Department of Research Development Nairobi Kenya 1. INTRODUCTION Background Kenya’s leading development challenges today include alleviation of poverty and environmental management in the context of rapid population growth and urbanization. Kenya’s population was 28.6 million people in 1999 and is expected to reach 43 million in the year 2020. According to the government statistics, the national level of absolute poverty increased from 44% in 1992 to 56% in 2002 (GoK 2002). Nairobi has registered the highest rate of urbanization (4.5%) with a population of 2.2m in 2000 projected to reach 3.2m in the year 2010. About 50% of people in Nairobi live below the absolute poverty line of Ksh. 2 648. As the urbanization trend continues, urban environments are deteriorating. Most of the urban poor are concentrated in the informal settlements where there are no infrastructure and services to address environmental problems and are engaged in urban agriculture. One of the biggest policy challenges today is the inclusion of environmental policy into urban policy. UPA can be an integral part of a set of policies for sustainable urban environmental management. Urban AF can play an especially vital role in waste management by transforming waste into food and fuel. Waste management approaches in place include waste collecting, sorting, treatment and recycling...
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... Instructors e-mail: nsuppal@bulmim.ac.in 1. Introduction This course gives an overview of the concept of all those business activities that involve cross border transactions of goods, services and resources between two or more nations. This is an essential component in learning and understanding international trading principles and concepts. 2. Learning Outcomes: The objective of this course is to enable students to: 1. Understand nature ,scope and structure of international business 2. Understand impact of environmental factors on international business operations 3. Learn role of international economic institutions and global and regional trade agreements 4. Know about role of foreign trade in Indian Economy. 3. Module Overview The course will be covered in 20 sessions, including Mid Term exam after 10th session and each session is of 1 hour and 30 minutes. 4. Book (Text Book): Joshi, Rakesh Mohan, International Business, Oxford University Press, 2013. Suggested Readings (Reference Books/Articles Etc): Daniels, John D., et al (2010).Pearson, 2013 SESSION | TOPIC | 1 | Globalization and International Business | 2 | Theories of International Trade | 3 | International Trade Patterns and balance of Payments | 4 | Case Study 1: Developing Countries ‘...
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...Quality Metal Service Center Group 2 Araojo, Oscar Jan Asis, Alvin Magboo, Mike Raniel Manzano, Krystele Ann Peralta, Diana Marie Rodriguez, Jerelleen EXECUTIVE SUMMARY Quality Metal Service Center has shown its resilience in the industry through its century old existence banking on industry knowledge and high quality products. The company is doing well and would like to maximize its potentials by looking into its control system. Analysis has shown that potentially profitable projects may not be pushed through due to some inefficiencies in their performance evaluation and incentives system. The company is currently using ROA as the sole criterion of evaluation. However, ROA will be lower on companies with newer assets that those with older ones. This will lead managers to reject proposals of new projects with large capital outlay. The Economic Value Added is a more appropriate measure in this situation. In light of the application of the EVA, the issue with the Columbus District manager will be resolved, and the proposed project should be accepted. INDUSTRY ANALYSIS The Metal Distribution Industry is highly competitive and fragmented industry which composed of fewer companies because of the high costs of establishing and maintaining this kind of business. It is on its mature stage that improved efficiency on production is the priority in order to beat the competitors in the industry. End users still have different needs which are unmet by the market players...
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...Citibank Case Analysis Citibank: Launching the credit card in Asia Pacific Country entry strategy Objectives of this case ... q To understand market evaluation, target market selection, and product positioning issues in services operations. q To appreciate globalization/country entry issues in financial products. q To understand the underlying economics of customer acquisition and retention. Key Strategic Issues qShould Citibank launch the card product ? Why ? Why not ? qGiven the upscale customer base , how should Citibank position its card, if it decides to launch it ? qWhich countries should Citibank enter first? Which countries should it avoid? Few More Operational Issues qHow should Rana Talwar convince his country managers and H.Q to accept the card product? What Organizational mechanisms does he have under his control? qIf you choose not to introduce the card, what do you do to achieve the $100 mio. earnings target by 1990? What kind of Branch banking products should the bank offer? Economic Analysis q How many card customers does Citibank need to break even on its investment ? Economic Analysis q First step is to ascertain the credit card revenue per customer of $163 (table B page 6) qOptions available: - assume Hong Kong experience as “typical” of the region. - If we have to target affluent with premium positioning you may use $250/ customer - for mass market strategy take $140/ customer Cost component of analysis qThree parts...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/0309-0590.htm PERSPECTIVE ON PRACTICE Evaluation of training in organisations: a proposal for an integrated model Pilar Pineda ´ Universidad Autonoma de Barcelona, Barcelona, Spain Abstract Purpose – Training is a key strategy for human resources development and in achieving organisational objectives. Organisations and public authorities invest large amounts of resources in training, but rarely have the data to show the results of that investment. Only a few organisations evaluate training in depth due to the difficulty involved and the lack of valid instruments and viable models. The purpose of this paper is to present an evaluation model that has been successfully applied in the Spanish context that integrates all training dimensions and effects, to act as a global tool for organisations. The model analyses satisfaction, learning, pedagogical aspects, transfer, impact and profitability of training, and is therefore a global model. Design/methodology/approach – The paper’s approach is theoretical, and the methodology used involves a review of previous evaluation models and their improvement by comparing their application in practice. Findings – An analysis of pedagogical aspects enables training professionals to improve training quality, as they are able to identify any weaknesses in elements, such as training design, needs analysis and training implementation, and improve on...
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...this analysis, one measures present performance, establishes standards, specifies why behavior is deficient, calculates the net economic value of improvement after the cost of solutions, and places them in priority order. The result of this analysis is identification of potentially high-payoff behaviors and outputs that can be improved - an important first step, because, surprisingly, key behaviors and outputs are often overlooked or undervalued in organizations. Introduce the procedures used in Performance Management and quantify the amount of change that occurs in specific time periods. Because the investment in changing behavior is often very low and the economic payoffs may be high, the potential high return on investment usually excites top management Be specific Describe and communicate desired performances and the standards for judging them in terms that are measurable, observable and objective. A description of the events that are signals prompting the response should be included. In training, coaching, measuring performance, feeding back performance data, conducting a performance appraisal, writing procedures, and delivering positive reinforcement, it is essential to be specific. Alas, if the language used is vague, the desired behavior may not occur. Measure For any performance shown by the analysis to have sufficient economic value to an organization, measure the frequency of the performance against the desired standards. While...
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...Macro Economics Evaluation and Assessment of State Growth Performance of Indian Economy Assignment # 2 Section C3 – Group # 9 Submitted by: AMIT K NAIR FT163010 amitk.pgpm16c@greatlakes.edu.in GUNJAN KAUR JABBAL FT163026 gunjan.pgpm16c@greatlakes.edu.in KUMARESH PASSOUPATHI FT163044 kumaresh.pgpm16c@greatlakes.edu.in PIYUSH MAHAJAN FT163064 piyushm.pgpm16c@greatlakes.edu.in SANKHADEEP GHOSH FT163083 sankhadeep.pgpm16c@greatlakes.edu.in VAIBHAV MALIK FT163099 vaibhavm.pgpm16c@greatlakes.edu.in SHAGUN SRIVASTAVA FT164081 shagun.pgpm16c@greatlakes.edu.in VARUN SODHI FT164097 varuns.pgpm16c@greatlakes.edu.in Investment and Consumption Expenditure People’s savings has gone down by 9.44% from 2010. They are probably spending it, or investing it. The Consumption Pattern of the country has been fairly constant. So, they must be investing it somewhere else. Investments into Capital Creation is falling every year (13.97% fall from 2010). Agrarian and Services Output Agriculture has accounted only for 15 to 18 % of total GDP, declining steadily over the past 3 years. Services grew drastically from 2012-13 to 2013-14, contributing heavily to total Indian GDP ranging from 55% to 58% in last 3 years. This demonstrates a drastic shift from traditional agrarian economy to industry and services sector. 1 Macro Economics Evaluation and Assessment of State Growth...
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...structure in the context of international operations. INSTRUCTIONAL MATERIALS Required Resources Madura, J. (2012). International financial management (11th ed.). Mason, OH: South-Western, Cengage Learning. Supplemental Resources Al Nasser, O.M. (2010). How does foreign direct investment affect economic growth? The role of local conditions. Latin American Business Review 11, 111-139. Kornecki, L. & E. M. Ekanayake. (2011). Inward FDI stock in the U.S. economy and state based determinants. Advances in Management, 4(6), 13-24. Ranjan, V. & Agrawal, G. (2011). FDI inflow determinants in BRIC countries: A panel data analysis. International Business Research, 4(4), 255-263. United Nations. (2011). Foreign Direct Investments in LDCs: Lessons learned from the decade 20012010 and the way forward. United National Conference on Trade and Development. COURSE LEARNING OUTCOMES 1. Compare multinational financial management to domestic financial management. 2. Apply the key trade theories and methods, and analyze the factors that influence trade and capital flows. 3. Evaluate the major international financial markets to determine effective methods for financing global business operations. 4. Analyze the economic variables that influence exchange rate movements and equilibrium price to anticipate fluctuations and...
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