...Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. John Maynard Keynes (1883-1946) Two fundamentals facts together constitute the economizing problem and provide a foundation for economics: Society’s economic wants and Economic resources. Individuals and institutions have innumerable unfilled wants and creating unstable economic conditions. Macroeconomic is concerned with the behavior of the economy as a whole; instead of focusing on the factors that influence the production of particular products and the behavior of individual industries, it focuses on the determinants of total national output. Macroeconomic is concerned with the decision. Decisions to achieve the economic goals, Sustainable economic growth, full level of employment, economic efficiency, price level stability, economic freedom, equitable distribution of income, economic security and balance of trade. OBJECTIVE Help the beginning student master the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives. Help the student understand and apply the economic...
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...S10: IHRM Key factors - Chap 11: Motivating and leading Key points 1- Motivation and leadership are factors in the successful implementation of desired strategy. However, while many of the basics principles are universal, much of the actual content and process are culture-contingent – a function of an individual’s needs, value systems, and environmental context 2- One problem in using content theories for cross-cultural research, such as that created by Maslow, is the assumption of their universal application. Because they were developed in the United States, even the concepts, such as achievement or esteem, may have different meanings in other societies, resulting in a noncomparable basis of research. 3- Implicit in motivating an employee is an understanding of which of the employee’s needs are satisfied at work. Studies on the “meaning of work” indicate considerable cross-cultural differences. 4- A reexamination of motivation relative to Hofstede’s dimensions of power distance, uncertainty avoidance, individualism, and masculinity provides another perspective on the cultural contexts that can influence motivational structures. 5- Incentives and reward systems must be designed to reflect the motivational structure and relative cultural emphasis on five categories of rewards: financial, social status, job content, career, and professional. S9: HRM focus on international – Chap 10: Developing a Global Management Cadre Key points 1- Expatriate career...
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...Chap 1 1.describe what management is. Getting work done through others. Managers are concerned with efficiency and effectiveness. 2. explain the four functions of management. Making things happen, meeting the competition, organizing people projects and processes, leading 3. describe different kinds of managers. Top managers, middle managers, first line managers, team leaders 4. explain the major roles and subroles that managers perform in their jobs. Interpersonal- figurehead, leader, liason Informational-monitor, disseminator, spokesperson Decisional-enterpreneur, disturbance handler, resource allocator, negotiator 5. explain what companies look for in managers. Technical skills, human skills, conceptual skill, motivation to manage 6. discuss the top mistakes that managers make in their jobs. Insensitive to others, cold aloof and arrogant, betraying a trust, overly ambitious, specific performance problem with business, overmanaging, unable to staff effectively, unable to think strategically, unable to adapt to boss with different style, overdependent on advocate or mentor 7. describe the transition that employees go through when they are promoted to management. Initial expectation: be the boss, formal authority, manage tasks, job is not managing people After 6 months: fast pace, heavy workload, job is to be problem solver and trouble shooter for subordinates After 1 year: no longer doer, communication listening and positive reinforcement, job is people development ...
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...American University of Science &Technology Faculty of Business and Economics Department of Finance Course Syllabus (FIN 460) - International Finance – M.W. Fall 2014-2015 Course Description The subject matter of international finance is concerned with the monetary and macro-economic relations between countries. International finance is a constantly evolving subject that deals very much with real world issues such as balance of payments problems and policy, the causes of exchange-rate movements and the implications of macro-economic linkages between countries. Credit : 3 hours Prerequisites By course :Fin 350- Financial Markets & Institutions Eco 202- Macroeconomics Textbook : Fundamentals of Multinational Finance, 4th edition, 2012. Moffet/Stonehill/Eitman, Pearson, Prentice Hall. Supportive text : International Financial Management, Bekaert,Hodrick International Money and Finance: 7th edition by Michael Melvin Instructor : George El Kazzi, MMB Office Hours : M.W.F. from 6-7 pm E-mail : gkazzy@aust.edu.lb kazzifinance@yahoo.com Business Division e-mail: business.div@aust.edu.lb ________________________________________________________________________ Course Objectives To study the role that international trade and investment, currency movements...
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...Macro Econoshit Chap 4 Terms | Definitions | Prosperity | The capacity/ availability to satisfy needs by means of products or services | Production | The values added to the process of goods from natural resources. | Production factors | Resources used for production 1. Labor 2. Natural resources 3. Capital | Gross Domestic Products (GDP) | Total production of goods and services within the borders of a country | Comparison of GDP per capita3 steps | 1. Calculate the GDP per capita ( GDP/population) 2. Convert to a common currency 3. Adjust for the differences in the purchasing power of the currency per country | Economic growth | Growth in production | Welfare/well-being | The sense of contentment or satisfaction people in a society have | Human Development Index (HDI) | A metric to determine the welfare of a population | 3 ways to measure production | 1. Production approach: Adding up the total added value of the goods and services of a country 2. Income approach: Adding up all the remuneration for the resource owners in that country 3. Expenditure approach: Adding up all the expenditure of the country | Gross National Income (GNI) | Total production + Total Income | Production factors of capital | 1. Durable capital goods (>1 year) 2. Floating capital goods (<1 year) 3. Consumables (Added during the processes) | Production factors of labor | 1. The size of population 2. Participation rate | Causes of rises in...
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...Chap-2 *Strategy making Strategy Executing Process (1) Developing Strategic vision (2) Setting objectives (3) Crafting a Strategic to achieve the objective and vision (4) Implementing and executing the strategy (5) Monitoring developments, evaluating performance and making corrective adjustment *Strategy making process (1) Corporate strategy (2) Business strategy (3) Functional area strategies within each business (4) Operating strategies within each business Chap-3 *Industry Dominant Economic factor (1) Market size and growth rate (2) Number of rivals (3) Buyer need and requirement (4) Production capacity (5) product innovation (6) Product differentiation (7) Economic of scale *Five Forces Model (1) Rivalry among competing seller (2) potential entry of new competitor (3) Firms in other industries offering substitute product (4) Suppliers of row materials parts, components, or other resource input (5) Buyers *Industry Driving Forces (1) Increasing globalization (2) Product innovation (3) technology change and manufacturing process innovation (4) marketing innovation (5) entry and exit of major firms (6) Changes in cost and efficiency (7) Changing social concerns, attitudes, and lifestyles Chap-4 *Identifying Company Resource Strengths & Competitive Capabilities (1)A skill or important expertise (2)Valuable physical assets (3)Valuable human assets (4)Valuable organizational assets (5)Valuable intangible assets (6)Competitive Capabilities (7)An achievement or attribute that...
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...MGT 202 – Section 002 Financial Management Instructor: Professor Y. Peter Chung Quarter: Spring 2014 Office: AH 146 Lecture time: TTH 5:10-6:30 p.m. Phone: (951) 827-3906 Classroom: ANDHL 118 Fax: (951) 827-3970 Course Website: http://ilearn.ucr.edu/ E-mail: peter.chung@ucr.edu Office Hours: TTH 10:30-11:00 am (UG and MBA) 3:00-3:30 pm (UG and MBA) 6:30-7:00 pm (MBA only) SoBA Mission Statement Our mission is to develop diverse leaders, propel research-based innovation and promote the sustainable growth of Inland Southern California within the global economy. We harness the powerful resources of UC and our location at the nexus of commerce to create a laboratory for education, research, and productive partnerships across economic enterprises. The strategic activities that propel our mission include: * Conducting basic and applied research in management that explores and informs the creation, development and management of growth; * Providing degree programs that prepare our students to be effective managers and responsible community leaders with a deep understanding of the dynamics of growth in both a regional and global context; Partnering with business and community leaders through a shared commitment to exemplary growth; and Delivering educational programs to executives and the public at...
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...business decision-making. Upon completion of this course, students should possess a basic working knowledge and understanding of the accounting information systems used to provide information to internal stakeholders. The course gives students opportunities to prepare and analyze business transactions, prepare budgets, journal entries and financial statements. Course Goals: This course provides students with both an opportunity to learn accounting rules and to develop critical thinking capacities. Students should possess several core competencies in the business education upon completion of this course as the followings: 1. Solid Foundation of Business: Concepts focus on the planning, controlling, and accounting for an understanding of economic events and business practices. 2....
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...|[pic] |Detailed module outline | | |OB 401 E | | |Organisational Behaviour | DEPARTMENT : MANAGEMENT AND ORGANISATION PROGRAMMES: Advanced Undergraduate Transfer Credit, PGE2 INSTRUCTORS : Don MINDAY, coordinator Slava DMITRIEV Jean-Bertrand LEFEBVRE Sophie HENNEKAM -TREGUIER Inju YANG-McCOURT FORMAT : 3 hours weekly: 1 ½ hr. of lecture, 1 ½ hr. tutorial 2 tutorial groups will follow a weekend seminar format CREDITS : 5 ECTS credits PRE-REQUISITE MODULES: None LEARNING OBJECTIVES : This module is designed to prepare students for their future role as business managers by giving them a conceptual framework which should help them to more effectively understand, predict, and influence behaviour in organisations. It is complementary to the 1st year module "Management relationnel" and the 2nd year module "Cross-Cultural Management" LEARNING OUTCOMES : At the end of this module, each student will be able...
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...BUSINESS FACULTY Course Handbook 2015–16 BUSI1314 - Business Ethics Level 5: 15 Credits Contents 1. WELCOME .......................................................................................................... 3 2. INTRODUCTION TO THE COURSE ............................................................................... 4 1.1. AIMS .............................................................................................................. 4 1.2. LEARNING OUTCOMES ............................................................................................. 4 2.3 LEARNING AND TEACHING ACTIVITIES .............................................................................. 4 2.4 EXPECTED STUDY TIME ............................................................................................ 4 2.5 ADDITIONAL REQUIREMENTS....................................................................................... 4 3. CONTACT DETAILS................................................................................................ 5 3.1 EXTERNAL EXAMINING OF YOUR COURSE AND PROGRAMMES OF STUDY ............................................ 5 4. COURSE CONTENT AND DESIGN ................................................................................ 7 4.1 PLANNED TERM DATES: ........................................................................................... 7 4.2 SESSION PLAN................................................................
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...World History Dr. Mahdavi History 101 Fall 2015 Study Guide For Final Examination The examination will consist of 6 essay questions of and you may choose any four questions to write about (25 points each.) You will receive both a numerical score and a letter grade. In reviewing for the examination, focus your study on the following general topics: 1. Examine the process and the transition from the more traditional "putting-out" system to the rise of the factory system (make sure you learn all about the spinning and weaving machines.) What would be the economic and social implications of this change? (Class notes and Bentley & Ziegler, chapter 29) 2. Discuss the population explosion, urbanization, and other demographic factors of the industrial Revolution. Also, discuss the growth of huge industrial cities during the 19th Century. (Bentley & Ziegler, chap.29) 3. Chinua Achebe's novel Things Fall Apart is a good portrayal of an African society in a pre-New Colonialism era. Focus your study on Okonkwo's relationship with his society, which formed his values and traditions. Compare those norms with the arrival of Christian missionaries and the introduction of the European laws and values. (In an essay explain with concrete examples the political, social, economic, judicial, and religious structures of the village of Umofia from Achebe’s book Things Fall Apart. Also, state why Europeans were so determined to bring changes to this...
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...San Diego State University Syllabus World History Fall 2015 History 101, Sec. 03 Dr. Mahdavi Student Learning Goals for Content and Skill Acquisition: This is a course in the history of the human community from approximately 1500 C.E. to the present. The course differs from the traditional Western Civilization class in that the entire world rather than Europe alone is the focus of study. The central questions the course will ask are these: What is Modernity, that is, what do we mean when we ask of "the modern world" in which we live? How have the political, social, cultural, and economic forces that we associate with modernity changed our world and its people during the past 500 years? Why has the intercommunication, interaction, and interdependence of the peoples of the world become so much more intense during the past 500 years than they were in earlier ages? How and why did western civilization rise to global domination in the eighteenth and nineteenth centuries, and how has the challenge of western power and cultural prestige affected the course of history of all the World's people? Finally a question that we should be asking throughout the semester: how have the patterns of world history over the past 500 years determined or affected 1) the way we now live and think, and 2) our prospects for peace, prosperity, and the "pursuit of happiness" in the coming decades? This course is NOT primarily a narrative survey of civilizations, dynasties...
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...UNIVERSITY OF LIBERAL ARTS BANGLADESH SCHOOL OF BUSINESS MBA PROGRAM ANALYTICAL TECHNIQUES (MBA 303) TONMOY TOUFIC CHOUDHURY tonmoy.tc@gmail.com ;P-01611297296 SPRING 2012 UNIT DESCRIPTION Analytical techniques at this level attempts to supplement earlier study of the elements of statistical sampling and other mathematical techniques. While, this unit provides opportunities for students to deal with situations involving probability, descriptive and inferential statistics, regression analysis and other basic mathematical tools used by business analysts at their workplaces, it intends to further expand student’s ability and interest into the area of economic research. Though the unit may seem mathematical at first there are certain characteristics that distinguish it from any mathematics unit. The unit provides students with the necessary tools to interpret results rationally. Finally, it provides the basis for a unit in econometrics at the higher level. The student shall be able to: • • • • • • • • • • • Differentiate the two general bodies of methods that together constitute the subject called statistics: descriptive and inferential statistics Understand the usage of graphical descriptive methods to summarise and describe sets of data understand the usage of numerical descriptive measures to summarise and describe sets of data Manage the data collection and sampling process Understand the basic concepts behind the rules and techniques of probability Acquire knowledge on the...
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...TMKT402 International Marketing Management Unit Outline – 2014 (Semester 1) Unit Coordinator: Dr. Nigel Hardiman Introduction Welcome to TOP Education and TMKT402 International Marketing Management. This document provides you with information relevant to successful completion of this unit; including the schedule of lecture topics, prescribed texts, assessment policies, assessment tasks, examinations, academic and administrative contacts and online learning support facilities. Student Handbook and Administration Office The TOP Student Handbook provides valuable general information for students and a printed copy will be provided to you. In addition, TOP staff are available to assist you personally during office hours. Office Contact Details: TOP Education Institute Suite 1, Biomedical Building, 1 Central Ave Australian Technology Park Eveleigh NSW 2015 Tel: 02 9209 4888 Unit Overview This unit deals with key international marketing concepts, analytical methods and decision tools necessary for understanding the dynamic nature of international marketing situations facing different organisations, and to make international marketing decisions to deal with such international marketing situations. Its objective is to enable students to acquire relevant knowledge and techniques to deal with the various international marketing challenges, and to develop meaningful solutions to overcome such challenges. The unit offers...
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...Chap 4: How to calculate PV and FV for different kinds of cash flows? (apply different formulae) Given PV or FV, can you calculate T or R? Do you know the difference between APR and EAR? Use monthly (daily, quarterly, annually) rate to handle monthly (daily, quarterly, annually) cash flows. Should we use APR or EAR to calculate these rates? Q1 Peter wanted to purchase a house at price $4m. He planed to borrow 50% of the total amount through mortgage loans provided by HSBC. HSBC charged him 6% interest rate and he had to pay off the loans in 20 years. The first payment was made one month after the purchase. 10 years later, HSBC adjusted the loan rate into 12%. What is the monthly payment during 10th year to 20th year? Chap 5: Know the calculation. (Given NPV and initial cost, do you know how to calculate PI?) Understand the problems related to NPV, IRR, PI and Payback period. Make right decisions given NPV, IRR, PI or Payback period. Q2 You are considering a project with the following year-end aftertax cashflows: Year 1: $5000 Year 2: $3200 Year 3: $7800 If the initial investment for the project is $16000, compute the project’s IRR (internal rate of return) Q3 Given the following projects: | |Year 0 |Year 1 |Year 2 |Year 3 |Year 4 |Year 5~9 |Year 10 | |Project A |-1000 |200 |300 |500 |100 |100 |100 | |Project...
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