This document provides an introduction to microeconomics. It defines microeconomics as the study of economic decisions made by individuals and businesses, as well as the interactions between buyers and sellers in the market. The document outlines several key microeconomic concepts, including supply and demand, opportunity costs, and different economic systems. It also provides learning objectives and topics to be covered in the chapter, such as defining economics, distinguishing microeconomics from macroeconomics, basic economic concepts, and different types of economic systems including capitalistic, socialistic, and mixed market economies.
Lecture slides for Economics (Social Studies/Araling Panlipunan) Gr. 9 & 10 following the basic competencies of the K to 12 curriculum in the Philippines.
Lecture slides for Economics (Social Studies/Araling Panlipunan) Gr. 9 & 10 following the basic competencies of the K to 12 curriculum in the Philippines.
For full text article go to : https://www.educorporatebridge.com/economics/macro-vs-micro-economics/
This article on Macro vs Micro Economics attempts to analyze the differences between the two most important branches of Economics viz. Macro and Microeconomics and helps understand various economic issues and its effects on investors.
This is about microeconomics. This will cover only basic and starting concepts of microeconomics. This will cover microeconomics consumer and effects of his actions.
For full text article go to : https://www.educorporatebridge.com/economics/macro-vs-micro-economics/
This article on Macro vs Micro Economics attempts to analyze the differences between the two most important branches of Economics viz. Macro and Microeconomics and helps understand various economic issues and its effects on investors.
This is about microeconomics. This will cover only basic and starting concepts of microeconomics. This will cover microeconomics consumer and effects of his actions.
introduction to economics and microeconomicsSatya P. Joshi
Introduction to economics and microeconomics, microeconomics features and types and uses of microeconomics.
What is economics?
The study of how individual and society choose to utilize scare resources to satisfy unlimited human wants.
These wants encompass all goods and services that individual desire, including food clothing, shelter and anything else that enhance the quality of life.
[1] - http://www.ansmachine.net/
[2] - http://www.newtutorialslab.com/
Microeconomics: Introduction and basic conceptsPie GS
1.1 Meaning and definition of microeconomics
1.2 Basic microeconomic issues: scarcity, efficiency and
alternative uses of resources
1.3 Differences between microeconomics and macroeconomics
1.4 Opportunity cost, normative economics and positive
economics
1.5 Importance of microeconomics in business decision making
1.6 Economic models: meaning and use of economic models
Meaning of Economics, history & scope of economics. Features and Importance of Microeconomics, Features and Importance of Macroeconomics, Distinguish between Micro and macro economics. Std 12th Economics
HELLOW FRENDS IAM BACK WITH MY SECOND PPT.IN THIS PPT YOU WILL GET DETAILED EXPLANATION OF THE TOPICS AND YOU WILL DEFINATELY UNDERSTAND IT CLEARY.THIS IS UPDATED PPT AND ACCORDING TO NEW SYLLABUS.IF ANY QUERY PLZ CONTACT ME ON MY PHONE NO.9780529658.I HOPE YOU WILL BE FEEL IT GOOD.
This PPT includes the basic concepts of economics. its meaning, scope and nature of economics, types of economic systems and basic problems of an economy.
Difference between macro and micro economicsMaddali Swetha
Paper presentation made by Maddali Laxmi Swetha, MBA (HR)
Maddali Swetha Blog - http://maddaliswetha.blogspot.com/ https://in.linkedin.com/in/maddali-swetha-a0a424a6
https://twitter.com/maddali_swetha
E-Mail ID: maddali_swetha@yahoo.com - Feedback
Highlights the importance of implementing marketing strategies in the Malaysian music industry to expand its presence in international markets. Malaysian musicians and artists can reach a broader global audience and introduce their work to new listeners worldwide. These marketing strategies enable them to display their talent, gain recognition, and establish connections with individuals from diverse backgrounds.
For those who are doing a qualitative research, this is a summary and important points from Yin (2009) and South East European Research Centre. I tried to simplified and highlight the crucial points. Good luck!
Business History: A History of Danone. Danone is a multinational company in today's world. This slide is focusing before Danone merged with other firms.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
To Graph or Not to Graph Knowledge Graph Architectures and LLMs
BAEB602 Chapter 1: Introduction to Microeconomics
1. BAEB602
MICROECONOMICS
CHAPTER 1
INTRODUCTION TO MICROECONOMICS
PREPARED BY:
Nur Suhaili Ramli
School of Marketing and
Entrepreneurship (SoME)
FACULTY OF BUSINESS AND MANAGEMENT
2. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
LEARNING OUTCOMES
TOPIC
At the end of this chapter, students will be able to:
Understand the basic concept of microeconomics
Understand the term of economics
Getting familiar with economics picture such as term, concepts
Slide 2 of 17
3. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
TOPIC OUTLINES
TOPIC
1.1 Definition Economics
1.2 Micro and Macro Economics
1.3 Basic Economics Concept
1.4 Fundamental of Economics Problem
1.5 Types of Economic Systems – Capitalistic Economy
1.6 Types of Economic Systems – Socialistic Economy
1.7 Types of Economic Systems – Mixed Market Economy
Slide 3 of 17
4. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Micro and Macroeconomics
TOPIC
Economics: The study of how individuals and societies use economic resource
(limited resources) to produce goods and services to satisfy their unlimited
wants.
Microeconomics: The study of economics activities and decision making of a
single individual; like a seller, buyer or consumer, film or producer or a
government unit or level.
Macroeconomics: The study of the economics activities and decision-making
of the economy as a whole.
Slide 4 of 17
5. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Definition Economics
TOPIC
Choices due to the unlimited needs and wants.
What is needs?
"Need" is something that is essential for survival like food, water or
shelter.
What is wants?
"Want" is something that you don't really need, but if you had it, it could
make your life a bit better.
Slide 5 of 17
6. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Basic Economic Concepts
TOPIC
What is markets?
Market is the interplay of all potential buyers and sellers of a particular
commodity or service.
Price always refers to the nominal price or real price of an item.
Nominal price: The absolute price, not adjusted for the changing value of
money.
Real price: the nominal price adjusted for the changing value of money.
Slide 6 of 17
7. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Basic Economic Concept
TOPIC
There are THREE basic assumptions about market participants (buyers &
sellers).
Goal-oriented behavior : the behavior of market participants interested in
fulfilling their own personal goals.
Rational behavior: The behavior of market participants based on a careful,
deliberative process that weighs expected benefits and costs.
Scarce resources: insufficient time, money or other resources for
individuals to satisfy all their desires.
Slide 7 of 17
8. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Basic Economic Concept
TOPIC
Explicit costs is money used in the pursuit of a goal that could otherwise have
been spent on an alternative objective.
Implicit costs is costs associated with the individual’s use of his or her own
time and other resources in the pursuit of a particular activity versus
alternatives.
Opportunity costs (anything that is forgone or scarified in order to enjoy a
commodity
Accounting costs is costs reported in companies’ net income statements
generated by accountants.
Slide 8 of 17
9. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Introduction to Microeconomics
TOPIC
The problem of scarcity
What is scarcity?
The condition in which human wants are forever greater than the
available supply of time, goods, and resources.
There are THREE main categories of resources:
Land
A shorthand expression for any natural resource provided by nature.
It include anything natural above or below the ground. E.g Farming,
building factories, forests, river, lake, sea, diamond, gold, etc.
Labor
The mental and physical capacity of workers to produce goods and
services. E.g the service of farmers, assembly-line workers,
lawyers, professional football players.
Capital
The physical plants, machinery, and equipment used to produce
other goods.
Slide 9 of 17
Topics
10. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Fundamental of Economic Problems
TOPIC
1. What and how much to produce?
The type of product to produce, the amount of product to be produced.
2. How to produce?
The technique or method of producing a product.
3. Whom to produce?
Who finally gets to enjoy the goods and services produced.
Slide 10 of 17
11. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Types of Economic Systems – Capitalistic Economy
TOPIC
Capitalistic Economy
Is also known as a free market economy system.
In which no one is told what to do or how to do it, what to produce, who to
work for and how to get the things they need.
The forces of market demand and supply is without any government
intervention, determines how resources is allocated.
Slide 11 of 17
12. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Types of Economic Systems – Socialistic Economy
TOPIC
Socialistic or Command Economy
The government owns and operates the factors of production.
The government will decide what will be produced , how it will be
produced and for whom it will be produced for.
Example of socialism are North Korea, Cuba, Laos, and China.
The motive is to make sure that everything that people need is produced
and that everyone gets what they need.
Slide 12 of 17
13. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Types of Economic Systems – Mixed Market Economy
TOPIC
The Mixed Market Economy
Has features of both market and command economies.
Most countries are mixed economies, though some are close to the
command economy and others are nearer to the free market economy.
Usually they have a free market, but the government owns some business
and provides some goods and services to the citizens
Example are Malaysian, the UK, and Singapore.
Slide 13 of 17
14. CHAPTER 1: INTRODUCTION TO MICROECONOMICS
Class Activity
TOPIC
Perform a group of 2and identify the following:
What is microeconomics?
Differentiate between microeconomics and macroeconomics
Give one example for each of micro and macro economics.
What is opportunity cost?
Give example of your own of opportunity cost.
Differentiate 3 types of market economy based on definition, characteristics
and examples.
Slide 14 of 17