...INTRODUCTION TO MANAGERIAL ECONOMICS Dr. Gong Jie National University of Singapore Why Do We Study Economics People have to “Choose” ♦ Resources are scarce. ♦ There is No Such Thing as Free Lunch! Economics: the science of Rational Choice ♦ Rationality: the basic assumption ♦ Rational Choice: Economic agents use all the information available to make decisions that most efficiently satisfy their needs and achieve stated objectives. ♦ How do people make rational choice? This is the subject of Economics! Paul A. Samuelson’s definition of Economics “Economics is the study of how men and society choose, with or without the use of money, to employ scarce productive resources, which could have alternative uses, to produce various commodities over time and distribute them for consumption, now and in the future, among various people and groups in society.” Managerial Economics Economics ♦ Micro: individual decision maker ♦ Marco: aggregate level Managerial Economics ♦ The study of making decisions in allocating scarce resources to achieve a managerial objective ♦ The application of microeconomics on effective management ♦ Managerial Economics helps managers make rational choice. ♦ Manager in “narrow” sense and in “broad” sense After completing BSP1005, you will be able to: ♦ Thoroughly understand the function of market mechanisms and the interaction among economic agents ♦ Understand how the interplay between cost and demand fundamentals shape the prices that prevail...
Words: 1075 - Pages: 5
...children. Gabriela has long suffered from high blood pressure, which she controls with medication. She also has type-2 diabetes. When she was originally diagnosed with diabetes, she met once with a nurse who advised her on diet, exercise, and weight control, but Gabriela has found it difficult to adapt her traditional tastes in food and her lifestyle to the recommendations the nurse offered. Subsequently, Gabriela's doctor prescribed medication to help keep her diabetes under control. She tries to take her medication whenever she can remember and when she can afford it. Recently, tests have revealed that her kidney function has been declining. Gabriela's youngest son, Marcos, 49, lives near Gabriela. He speaks fluent Spanish and good (though heavily accented) English. He checks on his mother as frequently as he can. Marcos is a contract construction worker, married with three teenage children. His...
Words: 6862 - Pages: 28
...AMH 2010 Homework 1 Mark your response for each item on the scantron and turn in only the scantron after being sure your name is on the form. The completed scantron is due by the date indicated by your instructor. Scantrons turned in late for any reason will be accepted but will be granted only 50% credit. 1. Scholars estimate that human migration into the Americas over the Bering Strait occurred approximately ______ ago. A. 2,000 years B. 5,000 years C. 9,000 years D. 11,000 years E. 18,000 years 2. The first truly complex society in the Americas was that of the A. Maya. B. Aztecs. C. Incas. D. Pueblos. E.Olmec. 3. Cahokia was a large trading center located near what present-day city? A. St. Louis B. Memphis C. New Orleans D. Baton Rouge E. Detroit 4. Regarding knowledge of the Americas prior to the fifteenth century, most Europeans A. were aware of the travels of the Norse seaman Leif Eriksson in the eleventh century. B. believed the Americas to consist of little more than several small islands. C. were entirely unaware of the existence of the Americas. D. assumed that the Americas were largely unpopulated. E. had only heard of America from the travels of Marco Polo. 5. The preeminent European maritime power in the fifteenth century was A. Spain. B. Portugal. C. France. D. the Netherlands. E. England. 6. Christopher Columbus A. was trained as a sailor through his long service to Italy. B. was a man of little ambition. C...
Words: 1325 - Pages: 6
...country, I felt insecure and fearful to confront a new world of living in the United States. When I first got here, I had so many questions and doubts. I did not know the language, how to apply for a job or where to look for help and support to make my life easier. After a couple of years, I found a small but very important Hispanic organization that helped me to succeed through the services that they provided. There are many people who still do not know about it, and I think people should be aware and take advantage of the different services that the Hispanic Center of Western Michigan have for Hispanic and non-Hispanic population. This center is making a difference educating the population and also its services are impacting the cultural, economic and political fields of the United States, since Latinos have become the largest ethnic minority in this country. The Hispanic Center of Western Michigan is a non-profit organization that mainly assists Latino and immigrant communities. Since its foundation in 1978, its main goal was, and still is, “to provide unmet social services to the Hispanic community in Kent County” (Hispanic Center). Also, its main mission statement is: “To serve. To educate. To advocate. For the staff, board and volunteers of the Hispanic Center, this statement means we offer services the community needs in order to bridge gaps in cultural differences, build self-sufficiency in individuals and families, and ultimately grow an integrated, stronger community together”(Hispanic...
Words: 1865 - Pages: 8
...1 TEACHING - LEARNING METHODS IN ACCOUNTING EDUCATION - AN EMPIRICAL RESEARCH IN THE BRAZILIAN SCENARIO Prof. Edson Luiz Riccio, Ph.D. - e-mail: elriccio@usp.br BSc. Marici Cristine Gramacho Sakata - e-mail: mcsakata@usp.br Affiliation: University of São Paulo - Brazil Faculty of Economics, Administration and Accountancy Department of Accountancy and Actuary Av. Prof. Luciano Gualberto 908 - FEA3 05508-900 – Sao Paulo – Brasil FAX: 55-11- 813 01 20 PHONE: 55-11- 3818 58 20 ABSTRACT The Teaching of Accounting is facing nowadays a significant challenge. Reason is that it aims educating youngster that are going to work in companies that use advanced Information Technologies and endeavor promoting continuous organizational changes. Those changes require constant attention and continuous adaptation from both academics and practitioners. To succeed, a neophyte has to be prepared on how to deal with these changes. It means not only receiving the necessary knowledge but also the abilities to adapt himself. In general, it is accepted that if a Course provides the student with proper knowledge utilization skills, and necessary abilities the student will be able to adapt to the difficulties of a changing environment. It is recognized that the teaching method can influence in the development of several abilities such as: cooperation, leadership, responsibility, self-confidence, independence, and ability to decision making and communication skills. The purpose of this work is to study the...
Words: 3783 - Pages: 16
...THE STUDENT AND TEACHER FACTORS AND THE ACADEMIC PERFORMANCE OF FOURTH YEAR STUDENTS IN TECHNOLOGY AND LIVELIHOOD EDUCAION A Baby Thesis Submitted To: DR. ANTONIO L. DEL ROSARIO In Partial Fulfillment of the Requirements in Research Methodology By: GLORIA P. QUILAO June, 2014 DEDICATION I dedicate this paper to my family and many friends. A special feeling of gratitude to my loving parents, Isidro, Jr. and Gloria Principe whose words of encouragement and push for tenacity ring in my ears. My brothers Boots, Chronus and Mickey who have never left my side and are very special. I also dedicate this paper to my many friends who have supported me throughout the process. I will always appreciate all they have done. I dedicate this work and give special thanks to my husband Alex and my wonderful daughters Alyssa and Czykhryx who have been my best cheerleaders. ABSTRACT Academic performance of students is influenced by teacher factors and student factors. Teacher factors are the competencies, age, and gender, teaching position or designation and length of teaching in years. While student factors are the student’s gender as well, academic motivation, and family. The purpose of this thesis is to gain an in depth understanding of exactly which factor is greatly related to academic performance of students. In order to gain the in depth knowledge required for the paper a questionnaire is distributed to 1o teachers and 10 students for each teacher. CHAPTER I:...
Words: 6090 - Pages: 25
...(SimplicityisLovely) Theme songs: * 7-days by Wheesung * Falling in love by Six part invension * I know (instrumental) saxophone * You belong to my heart by Jolina * Saranggateun geo by Brand new day * Captured by Christian and Sitti * Love song for no one by John Mayer * Oppa Nappa by Soshi’s Jessica, Tiffany and Seo Hyun * How do you heal a broken heart by Chris Walker * My Everything by Lee Min ho * Can I have this Dance by Troy and Gabriella Characters: Kaitherine Yancel Torrez Nickolo Alvarez Mico Gomez Sabrina Young Kaith’s Friends: Samantha “Sam” Ricks Dorothea “Dara” Sioson Christina “Tita Chiqui” Torrez (Kaith’s Aunt) Yolando Torrez (Kaith’s Father) Nick’s Friends: Marco Angeles Vince Quizon Other Characters: Miss Theresa Lopez Mr. Geraldo Cruz Mr. Vicente Reyes Louise Chen Kuya Rigs (Torrez’ Family Driver) Other PLEASE DON’T REDISTRIBUTE W/O THE AUTHOR’S PERMISSION OR CLAIM AS YOUR OWN PROLOGUE: There are different definitions of LOVE… kung genius ang tatanungin mo… sasabihin nila Love is an expression… love is a feeling… talagang according sa dictionary… yung mga nakaexperience naman at ineenjoy ang salitang LOVE…sabi nila, love conquers all, love moves in mysterious ways, love makes a lover blind, pero merong mga bitter about sa salitang iyon. Yung iba nga halos isumpa at halos kalimutan na ang ‘LOVE’ sa bokabularyo nila… yung mga taong NASAWI sa pag-ibig… sabi kasi ng mga taong ito,...
Words: 35672 - Pages: 143
...FIN 4414 Financial Management Course Syllabus Spring 2010 Term INSTRUCTOR: Dr. T. Craig Tapley Graham-Buffett Master Lecturer of Finance Section: Section: Room: 2109 – Monday and Wednesday, Periods 3-4 (9:35 a.m. – 11:30 a.m.) 7111 – Monday and Wednesday, Periods 5-6 (11:45 a.m. – 1:40 p.m.) 112 Matherly Hall Office Hours: Wednesday (2:00 p.m. - 3:00 p.m.) Thursday (1:00 p.m. - 2:30 p.m.) CONTACT INFORMATION: Office: Phone: Fax: E-Mail: 329 David Stuzin Hall (352) 392-6654 (352) 392-5237 ctapley@ufl.edu http://vista.courses.ufl.edu/ Class Webpage: COURSE MATERIALS: TEXTBOOK 1. Financial Management: Theory and Practice (12th Edition), Eugene F. Brigham and Michael C. Ehrhardt, Thompson/South-Western, 2008, ISBN: 0-324-42269-5. The official textbook for the class will be an excellent reference book as you start your career, as you may easily find that there will be times, on the job, when you need to reference prior material, or formulas, covered in your corporate finance classes at UF. However, books have become somewhat expensive, so you may, instead, purchase the 11th or 10th Edition of the book, typically at a cheaper price, through various online booksellers. However, there are minor differences between the 10th, 11th, and 12th editions; mainly in the order of the chapter. These differences should not impact your ability to perform well in this class, but you may need to map the chapters in the 10th or 11th Edition to those assigned in the 12th Edition. This is...
Words: 10794 - Pages: 44
...Bachelor of Arts in Business Economics STUDENT’S HANDBOOK 2011/2012 Lazarski University Warsaw, June 2011 1 Lazarski School of Commerce and Law Student’s Handbook- Bachelor of Arts in Business Economics Content Page 4 6 8 13 15 15 15 17 17 18 19 21 23 24 26 28 30 32 34 35 37 39 41 43 44 46 48 49 50 51 53 54 55 57 58 59 60 62 63 63 64 66 67 69 72 74 75 76 77 79 80 82 The Programme The Degree Assessment Quality Assurance Admission Procedures Erasmus Study in BABE Programme Administrative Issues Course Descriptors Mathematics Introductory Microeconomics Introduction to Sociology Current Issues of the European and Global Economy Academic Writing Introduction into Business Introductory Macroeconomics Introduction into Economic Analysis Economics of Integration Information Technology Intermediate Microeconomics Issues in Macroeconomic Policy Mathematical Economics Statistics Regional Economics Introduction to Strategic Management Banking and Finance International Business Law Research Proseminar Accounting Managerial Economics International Economics Intermediate Macroeconomics Econometrics Research Methods Social Policy Game Theory Public Finance Investment Analysis BA Seminar Electives Financial Accounting Monetary Theory and Policy - The Impact of Global Crisis Principles of Marketing The World Economy – Retrospective View The Small and Medium-Sized Enterprises (SME) Sector Economics of Telecommunication Demography and Economics of Contemporary European Migration Personal...
Words: 47436 - Pages: 190
...3 Учреждение образования «Брестский государственный университет имени А. С. Пушкина» Кафедра английского языка с методикой преподавания М. В. Гуль EDUCATIONAL SYSTEM. COURTS AND TRIALS СИСТЕМЫ ОБРАЗОВАНИЯ И ПРАВОСУДИЯ ВЕЛИКОБРИТАНИИ И США Практикум по английскому языку Для студентов 4-го курса гуманитарных и педагогических специальностей (специальность 1-21 06 01-01, современные иностранные языки специальность 1-02 03 06, иностранные языки (английский, немецкий)) БрГУ имени А. С. Пушкина Брест 2009 4 УДК 372.016 : 811.111(076) ББК 74.268.1(Англ)р Г94 Рецензенты: Кандидат филологических наук, доцент кафедры иностранных языков технических специальностей БГТУ Д. В. Новик Зав. кафедрой кафедрой иностранных языков второй специальности БрГУ имени А. С. Пушкина, доцент В. М. Иванова Практикум направлен на совершенствование навыков и развитие умений диалогической и монологической речи по темам: система образования, система правосудия Великобритании и США, а также на совершенствование письменной компетенции студентов. Каждый раздел содержит тематический словарь, ряд упражнений на закрепление лексики, достаточное количество текстов по теме, упражнения на повторение. Практикум предназначен для аудиторной и самостоятельной работы студентов 4-го курса, изучающих английский язык как основную специальность. 5 Educational System (the USA and the UK) Topical Vocabulary Nursery school, kindergarten, elementary school, high school (junior, senior), secondary school...
Words: 29371 - Pages: 118
...Manual for the GMAT*Exam version 8.0 All rights reserved. No part of this manual may be reproduced for distribution to a third party in any form or by any means, electronic or mechanical, including photocopying, recording, or any information retrieval system, without the prior consent of the publisher, The Princeton Review. This Manual is for the exclusive use of Princeton Review course students and is not legal for resale. GMAT is a registered trademark of the Graduate Management Admission Council. The Princeton Review is not affiliated with Princeton University or the Graduate Management Admission Council. Permission to reprint this material does not constitute review or endorsement by the Educational Testing Service or the Graduate Management Admission Council of this publication as a whole or of any other sample questions or testing information it may contain. Copyright © 2003 by Princeton Review Management, L.L.C. All Rights Reserved. 800.2Review/ www.princetonreview.com ACKNOWLEDGMENTS Thanks to the following for their many contributions to this course manual: Tariq Ahmed, Kristen Azzara, Shon Bayer, John Bergdahl, Marie Dente, Russ Dombrow, Tricia Dublin, Dan Edmonds, Julian Fleisher, Paul Foglino, Alex Freer, John Fulmer, Joel Haber, Effie Hadjiioannou, Sarah Kruchko, Mary Juliano, Jeff Leistner, Sue Lim, Michael Lopez, Stephanie Martin, Chas Mastin, Elizabeth Miller, Colin Mysliwiec, Magda Pecsenye, Dave Ragsdale, “GMAT” Jack Schieffer...
Words: 53639 - Pages: 215
...American Pop: Popular Culture Decade by Decade. Ed. Bob Bacthelor. Westport, CT: Greenwood Press 2009. 978-0-313- 34410-7. 4 vol. 1,604p. $375.00. Gr. 9-12. This four volume set gives students a broad and interdisciplinary overview of the many and varied aspects of pop culture across America from 1900 to the present. The volumes cover the following chronological periods: V 1. 1900-1929, V 2. 1930-1959, V 3. 1960-1989 and Vol. 4. 1990-Present. There is an Introduction for each volume focusing on the major issues during that period. There is a Timeline of events for the decade which gives extra oversight and content to the study of the period and an Overview of each dcade. Chapters focus on specific areas of pop culture (Advertising, Books, Entertainment, Fashion, Food Music and much more) supplemented with sidebars containing stories, photos, illustrations and Notable information. There are endnotes for each decade and a Resource Guide and Index. Volume 4 also contains a Cost of Products from 1900-2000, and an Appendix with Classroom Resources for teachers and students and a Cumulative Index. Students, teachers and the general reader will love sifting through the experiences of Americans as they easily follow the crazes, technological breakthroughs and the experiences of art, entertainment, sports and other cultural forces and events that influenced each generation. Reference– Popular Culture ...
Words: 13674 - Pages: 55
...PINOY INTERNET: PHILIPPINES CASE STUDY March 2002 INTERNATIONAL TELECOMMUNICATION UNION GENEVA, SWITZERLAND This report has been written by Michael Minges, Esperanza Magpantay, Lucy Firth and Tim Kelly of the International Telecommunication Union (ITU). The report is based on field research carried out between 1 5 October 2001 as well as articles and publications sourced in the document. The National Telecommunications Commission provided incalculable support; without their assistance, this report would not have been possible. Equally, the report would not have been possible without the cooperation of the many from the Filipino public and private ICT sector who offered their time to the reports authors. The kind hospitality of Philippine Electronics and Telecommunications Federation (PETEF) is also acknowledged. We would also like to thank N. Santiago of Globe and A. Bengzon, Undersecretary for Communications, for their insightful comments. The report is one of a series of case studies examining the Internet in South East Asia carried out in 2001. Additional information is available on the ITUs Internet Case Study web page at http://www.itu.int/ITU-D/ict/cs/. The report may not necessarily reflect the opinions of the ITU, its members or the government of the Republic of the Philippines. The title refers to the Filipino (Tagalog) word Pinoy meaning Filipinos by Heart. The SMS message appearing on the mobile phone screen (Kmusta txt k nman) is also in Tagalog and means...
Words: 28120 - Pages: 113
...USA $25.95 CANADA $27.95 • W h y do our headaches persist after taking a one-cent aspirin but disappear when we take a 50-cent aspirin? • Why does recalling the Ten Commandments reduce our tendency to lie, even when we couldn't possibly be caught? • W h y do we splurge on a lavish meal but cut coupons to save 25 cents on a can of soup? • W h y do we go back for second helpings at the unlimited buffet, even when our stomachs are already full? • And how did we ever start spending $4.15 on a cup of coffee when, just a few years ago, we used to pay less than a dollar? hen it comes to making decisions in our lives, we think we're in control. We think we're making smart, rational choices. But are we? In a series o f illuminating, often surprising experi ments, M I T behavioral economist Dan Ariely refutes the common assumption that we behave in fundamentally rational ways. Blending everyday experience with ground breaking research, Ariely explains how expectations, emotions, social norms, and other invisible, seemingly illogical forces skew our reasoning abilities. N o t only do we make astonishingly simple mistakes every day, but we make the same types of mistakes, Ariely discovers. We consistently overpay, underestimate, and procrastinate. We fail to understand the profound effects of our emotions on what we want, and we overvalue what we already own. Yet these misguided behaviors are neither random nor senseless. They're systematic and predict able—making us predictably irrational...
Words: 95122 - Pages: 381
...BAY AREA SOCIAL SERVICES CONSORTIUM Understanding Poverty From Multiple Social Science Perspectives A Learning Resource for Staff Development In Social Service Agencies Michael J. Austin, PhD, Editor BASSC Staff Director Mack Professor of Nonprofit Management School of Social Welfare University of California, Berkeley 510-642-7066 mjaustin@berkeley.edu August 2006 1 Table of Contents Introduction – Michael J. Austin, Guest Editor Part I Multiple Social Science Perspectives of Poverty Theories of Poverty: Findings from Textbooks on Human Behavior and the Social Environment Amanda J. Lehning, Catherine M. Vu, & Indira Pintak Economic Theories of Poverty Sun Young Jung & Richard Smith Sociological Theories of Poverty in Urban America Jennifer Price Wolf Psychological Theories of Poverty Kelly Turner & Amanda Lehning An Anthropological View of Poverty Kristine Frerer & Catherine Vu Political Science Perspectives on Poverty Amanda Lehning Theories of Global Poverty in the Developed and Developing World Jennifer Morazes & Indira Pintak Part II Theory Integration and Practitioner Perspectives Social Capital and Neighborhood Poverty: Toward an Ecologically-Grounded Model of Neighborhood Effects Kathy Lemon Osterling Social Work Students’ Perceptions of Poverty Sherrill Clark The Explosive Nature of the Culture of Poverty: A Teaching Case Based on An Agency-based Training Program Catherine Vu & Michael J. Austin 2 ...
Words: 65096 - Pages: 261
