EF 5010: Economics for Business Semester B 2014 Syllabus LI King King (李景景) Time and Venue Duration: 17January – 25 April 2014 (Every Friday) Time: 7:00PM-9:50PM Venue: AC2 -1503 Instructor Dr. LI King King Department of Economics and Finance Email: likingking@gmail.com Phone: 3442 7604 Office Location: AC2-5102 Personal Webpage: http://likingking.weebly.com/ Office Hours: Friday 5:00PM-6:00PM or through appointment via email. Email is always a great way to reach me. Course Website: Available
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Assignment Get quote & make Payment Get Solution Posted Date: 7/10/2012 8:25:50 AM | Location : United States Economic terms a managerial decision assignment, Managerial Economics Describe and answer in economic terms a managerial decision you have knowledge about (for example one that has to be made at your place of employment). Some examples of decisions are: Should a company hire temporary workers or hire new workers to handle increased demand for the company's product?
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EconomicsManagerial Economics is economics applied in decision-making. It is that branch of economics that serves as a link between abstract theory and managerial practice. Managerial economics is concerned with the business firm and the ecnomic problem that every management need to solve. Economics provides us with a number of concepts and analytical tools to help us understand and analyse such problems. Managerial Economics may be taken as economical applied to problems of choice of alternatives of economic involves
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OF NIGERIA COURSE CODE : BHM 303 COURSE TITLE: MANAGERIAL ECONOMICS 1 MANAGERIAL ECONOMICS (THE COURSE GUIDE) THE NEED Managerial Economics as a course required for effective resource management was put in place due to the following developments in the global business environment: (a) Growing complexity of business decision-making processes. (b) Increasing need for the use of economic logic, concept, theories, and tools of economic analysis in the process of decision-making. (c) Rapid
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Lecture 1 NATURE AND SCOPE OF MANAGERIAL ECONOMICS QUESTIONS & ANSWERS Q1.1 Is it appropriate to view firms primarily as economic entities? Q1.1 ANSWER Yes. Firms represent a combination of people, physical assets, and information (financial, technical, marketing, and so on). People directly involved include stockholders, managers, workers, suppliers, and customers. Businesses use scarce resources that would otherwise be available for other purposes, pay income and other
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Lecture 1 NATURE AND SCOPE OF MANAGERIAL ECONOMICS QUESTIONS & ANSWERS Q1.1 Is it appropriate to view firms primarily as economic entities? Q1.1 ANSWER Yes. Firms represent a combination of people, physical assets, and information (financial, technical, marketing, and so on). People directly involved include stockholders, managers, workers, suppliers, and customers. Businesses use scarce resources that would otherwise be available for other purposes, pay income and other
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Ambhore Professor Dept of Economics Smt Dankuwar Mahila Mahavidalya Jalna Suresh Shravan Patil Arts, Commerce college Chanawad Nashik Introduction The Indian economic scenario has taken an ‘U’ shape turn over the recent past. India has witnessed a stagnant, tranquil and well protected economy since last several decades. The Indian organizations are constantly striving to improve their managerial competence in today’s competitive
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Questions and Answers 1. What is Managerial Economics? What is its relevance to Engineers/Managers? Ans: Study of economic theories, logic and methodology for solving the practical problems of business. It is used to analyze business problems for rational business decisions. It is also called as Business Economics or Economics for firms. Relevance to engineers/Managers: Engineering and Management involves a lot of strategic decision making situations. Managerial economics helps in rational decision
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personnel that might otherwise be too costly and difficult to obtain and maintain (see Figure 1). Along with hardware, software, and technology platforms, cloud computing delivers additional benefits, including reduced IT-related costs and increased business agility.18 With cloud computing, the IT expenses generally associated with developing, procuring, administering, and maintaining inhouse IT infrastructure can be shifted to the cloud vendor. Cloud computing enables organizations to lower IT capital
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1.0 Managerial Accounting Managerial accounting is a field of accounting that provides economic and financial information for managers and other internal users (Weygandt, Kimmel & Kieso, 2012). Managerial accounting is an important internal business function. Many companies use managerial accounting to record and report their internal financial information. There are differences between financial accounting and managerial accounting. Financial accounting focuses on preparing financial reports
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