Microeconomics is the analysis of the manner in which markets resolve the problem posed by the reality of scarce resources. A model of efficiency is constructed and is analyzed through the topics of demand, supply, production, distribution, consumer choice, the behavior of the firm, and market structure. A consideration of market failures and the role of government in a market-driven society complete the analysis. Other topics include international trade and finance.
Economics II serves as the next course in the sequence begun with Economics I: Macroeconomics.
The Fitzsimons Redevelopment Authority (FRA) is adding four of the area's most well-known and successful leaders in the Bioscience Industry to its Board of Directors. Change in board composition is the result of a strategic refocus for the FRA, and those recently appointed to the board include: Donald M. Elliman, Jr.; William Freytag, PhD; James C. T. Linfield; and David Perez.
The document outlines the major roles and responsibilities of a nonprofit board of directors. It discusses 8 key responsibilities including legal, financial, planning, leadership, personnel, policy making, public relations, and organizational assessment. For each responsibility, it provides details on specific tasks the board should perform to fulfill its obligations. These include maintaining tax-exempt status, approving budgets, developing strategic plans, hiring/reviewing executives, setting policies, and evaluating organizational performance. The board is ultimately responsible for the governance and oversight of the nonprofit.
Sharklet Technologies, Inc., has won the Dorsey & Whitney Venture Showcase Award at the 2010 BioWest Conference & Expo in Denver. The announcement is made by Holli Baumunk, President & CEO of the Colorado BioScience Association (CBSA), who says the $7,500 Venture Showcase award was provided by the Dorsey & Whitney law firm and announced at the 2010 CBSA Awards Dinner.
Directors have important roles and responsibilities in a company. They are considered key managerial persons and oversee the management and growth of the company. A director is defined as a member of the board of directors appointed to determine company policy. Directors have duties to act in good faith and in the interests of the company, shareholders, employees, and community. They must exercise independent judgment and avoid conflicts of interest. The Companies Act of 2013 expanded the roles of independent directors to promote transparent governance and protect minority shareholders. Directors can be held personally liable for fraudulent conduct or exceeding their powers.
This document discusses the nature and importance of insurance. It covers the insurance production process including pricing, underwriting, claims settlement, distribution, and investment management. It provides an overview of the global insurance industry including leading companies, regional premium shares, and insurance density and penetration rates. It also discusses the role of insurance in economic growth by facilitating property rights and financial development which are important for economic growth.
Ricardo developed the Ricardian theory of rent, which states that rent arises due to differences in the fertility of land used for agriculture. Land is assumed to have original and indestructible powers of fertility bestowed by nature. Rent is the surplus earned from more fertile land over the least fertile 'marginal' land that marks the extensive limit of cultivation. Rent is determined by the law of diminishing returns in agriculture under both extensive and intensive cultivation. The theory explains the origin of differential rent but makes unrealistic assumptions about land.
This presentation provides a quick overview of the the purpose, goals and role of the Board of Directors. Finally, it includes a checklist of what information Directors should receive in order to adequately perform their duties. (Quite surprisingly, this information is not provided, or is poorly organised)
The document provides an introduction to international marketing, including definitions of key terms, differences between international and domestic marketing, and challenges in international marketing. It discusses the international marketing concept, environmental forces companies must consider, and stages of international marketing involvement ranging from no direct foreign marketing to global marketing. Language barriers, standardization-customization issues, and ethnocentrism are highlighted as major obstacles international marketers face.
The Fitzsimons Redevelopment Authority (FRA) is adding four of the area's most well-known and successful leaders in the Bioscience Industry to its Board of Directors. Change in board composition is the result of a strategic refocus for the FRA, and those recently appointed to the board include: Donald M. Elliman, Jr.; William Freytag, PhD; James C. T. Linfield; and David Perez.
The document outlines the major roles and responsibilities of a nonprofit board of directors. It discusses 8 key responsibilities including legal, financial, planning, leadership, personnel, policy making, public relations, and organizational assessment. For each responsibility, it provides details on specific tasks the board should perform to fulfill its obligations. These include maintaining tax-exempt status, approving budgets, developing strategic plans, hiring/reviewing executives, setting policies, and evaluating organizational performance. The board is ultimately responsible for the governance and oversight of the nonprofit.
Sharklet Technologies, Inc., has won the Dorsey & Whitney Venture Showcase Award at the 2010 BioWest Conference & Expo in Denver. The announcement is made by Holli Baumunk, President & CEO of the Colorado BioScience Association (CBSA), who says the $7,500 Venture Showcase award was provided by the Dorsey & Whitney law firm and announced at the 2010 CBSA Awards Dinner.
Directors have important roles and responsibilities in a company. They are considered key managerial persons and oversee the management and growth of the company. A director is defined as a member of the board of directors appointed to determine company policy. Directors have duties to act in good faith and in the interests of the company, shareholders, employees, and community. They must exercise independent judgment and avoid conflicts of interest. The Companies Act of 2013 expanded the roles of independent directors to promote transparent governance and protect minority shareholders. Directors can be held personally liable for fraudulent conduct or exceeding their powers.
This document discusses the nature and importance of insurance. It covers the insurance production process including pricing, underwriting, claims settlement, distribution, and investment management. It provides an overview of the global insurance industry including leading companies, regional premium shares, and insurance density and penetration rates. It also discusses the role of insurance in economic growth by facilitating property rights and financial development which are important for economic growth.
Ricardo developed the Ricardian theory of rent, which states that rent arises due to differences in the fertility of land used for agriculture. Land is assumed to have original and indestructible powers of fertility bestowed by nature. Rent is the surplus earned from more fertile land over the least fertile 'marginal' land that marks the extensive limit of cultivation. Rent is determined by the law of diminishing returns in agriculture under both extensive and intensive cultivation. The theory explains the origin of differential rent but makes unrealistic assumptions about land.
This presentation provides a quick overview of the the purpose, goals and role of the Board of Directors. Finally, it includes a checklist of what information Directors should receive in order to adequately perform their duties. (Quite surprisingly, this information is not provided, or is poorly organised)
The document provides an introduction to international marketing, including definitions of key terms, differences between international and domestic marketing, and challenges in international marketing. It discusses the international marketing concept, environmental forces companies must consider, and stages of international marketing involvement ranging from no direct foreign marketing to global marketing. Language barriers, standardization-customization issues, and ethnocentrism are highlighted as major obstacles international marketers face.
This document outlines a course on Principles of Micro Economics taught at ANSAL Institute of Technology in Gurgaon, India in 2012. The 3 credit course is facilitated by Dr. Meenal Sharma Jagtap and aims to familiarize students with basic microeconomic concepts and theories to help them apply economic tools to managerial decision making. The course uses various teaching methods like lectures, assignments, group projects and tests. Students are evaluated throughout the term based on assignments, presentations, quizzes, midterm tests and a final exam. The course covers topics like demand and supply, costs and revenues, market forms, income distribution and international economics across 45 sessions.
This document contains an assignment question paper for a Managerial Economics course. It includes 6 questions assessing different topics in economics. The questions range from 2 to 10 marks and require defining key terms, explaining concepts, and discussing practical applications and scopes of economic phenomena. Students are to answer all questions, with 10 mark questions requiring answers of approximately 400 words. The paper evaluates students on their understanding of inflation, monopoly, price discrimination, monopolistic competition, perfect competition, price and income elasticity, and the scope of managerial economics.
The document provides an overview of key economic terms and different types of economic systems, including characteristics of traditional, market, command, and mixed economies. It also defines economics terms like scarcity, capital resources, and entrepreneurial resources. Various tables are included to compare economic systems and their advantages and disadvantages.
The document outlines a course on microeconomics taught by Chitwan Kaur at Punjab College of Technical Education in Ludhiana, India. The 40 lecture course aims to help students understand basic microeconomic concepts, theories, and models to analyze government policies. Students will be evaluated through tests, assignments, presentations, and case studies with the goal of understanding modern microeconomic concepts and applying them to analyze real-world situations.
The document outlines a course on microeconomics taught by Chitwan Kaur at Punjab College of Technical Education in Ludhiana, India. The 40 lecture course aims to help students understand basic microeconomic concepts, theories, and models to analyze government policies. Students will be evaluated through tests, assignments, presentations, and case studies with the goal of understanding modern microeconomic concepts and applying them to analyze real-world situations.
This document discusses the challenges and promises of agent-based modeling in economics. It begins by outlining the key challenges, such as developing appropriate abstractions while keeping models realistic, and a lack of prior examples. However, it argues that agent-based modeling can complement existing tools by capturing nonlinearities and heterogeneous agents. It then describes a housing market model project that aims to build an agent-based model that can forecast time series and be used for policy analysis. The project involves calibrating decision rules using microdata to simulate the housing market at the individual household level.
The document provides sample problems and discussion questions for each week of an economics course, including problems related to production functions, demand and elasticity, forecasting, and the global economy. Students are asked to analyze scenarios and data, calculate economic measures, and discuss how managers could apply the economic concepts when making business decisions to maximize profitability.
This document provides an overview of the course materials and assignments for ECO 550 at Strayer University. It includes sample problems from chapters 1-3 and 5-6 that focus on topics like the principal-agent problem, elasticity, demand and supply analysis, and forecasting models. Students are asked to complete problems, discussions, and a quiz on these economics fundamentals each week. The course uses managerial decision-making scenarios to explore how businesses use economic analysis for issues like pricing, costs, demand estimation and forecasting.
The document provides information about a Micro Economics course offered at Punjab College of Technical Education in Ludhiana, India. The course is taught by Shweta Miglani and aims to help students understand basic microeconomic concepts. It will cover topics like demand, consumer behavior, production, costs and different market structures over 40 lectures. Students will be assessed through internal assignments, presentations, tests and external exams. The breakdown of marks and topics to be covered each lecture are also outlined.
The document provides information about a Micro Economics course offered at Punjab College of Technical Education in Ludhiana, India. The course is taught by Shweta Miglani and aims to help students understand basic microeconomic concepts. It will cover topics like demand, consumer behavior, production, costs and different market structures over 40 lectures. Students will be assessed through internal assignments, presentations, tests and external exams. The breakdown of marks and topics to be covered each lecture are also outlined.
Kevin coval business_analysis_key_conceptsKevin Coval
This slide show is made as an overview of the key concepts used in business analysis as found in the BABOK. It is equipped with audio as well as matching scripts.
Scarcity exists because human wants are unlimited while resources are limited. This forces individuals and societies to make choices. Economics is the study of how people make choices to allocate scarce resources. Microeconomics examines individual decision-making units while macroeconomics takes a broader view of the overall economy. Models are used to understand and predict economic events by simplifying reality and testing assumptions like ceteris paribus, which holds all other factors constant.
ECO 365 (Principles Of Microeconomics - entirecourse.com)John Sperling
This document outlines the course content and assignments for ECO 365 Principles of Microeconomics. The course covers microeconomic concepts like supply and demand, costs of production, market structures, externalities, and the role of government. Over 5 weeks, students discuss these topics through discussion questions and complete individual and team assignments applying the concepts, such as a supply and demand simulation, competitive analysis of market conditions, differentiating market structures, and analyzing competitive strategies and government policies.
This document outlines the contents and structure of a Microeconomics I & Statistics course. The course is worth 100 total marks, with 20 marks allocated to internal assessment and 80 marks allocated to semester-end examinations. The course is divided into 3 units covering microeconomics topics: demand and consumer behavior (50 marks), production and cost (50 marks), and perfect competition (50 marks). Each unit lists the topics covered, their length in class hours, and number of marks allocated on the semester-end exam. Suggested reading materials are also provided.
The document outlines the course plan for Cost & Management Accounting at Punjab College of Technical Education in Ludhiana. It includes 49 lectures over topics such as cost sheets, cost-volume-profit analysis, standard costing, variance analysis, budgeting, and fund flow statements. There will be 3 assignments, 3 case studies, and an activity where students calculate dish costs during a hotel management department visit. Internal assessment includes an MSE, assignments, tests, and a presentation. Attendance policies and the lecture schedule are also provided.
This document is a study manual on economic principles and their application to business. It contains 17 units that cover topics such as the basic economic problems of scarcity and choice, the theory of production and costs, consumer demand, market structures, macroeconomics, money and banking, and international trade. The manual is intended to help students study for the Diploma in Business Management offered by the Association of Business Executives. It provides explanations of key concepts, formulas, examples, review questions and other learning materials.
1. The document provides an introduction to managerial economics by a professor.
2. It defines key economic terms like microeconomics, macroeconomics, and managerial economics.
3. It outlines the core content of managerial economics including demand analysis, production decisions, cost analysis, and market structures.
1. The document provides an introduction to managerial economics by professor V. Chandra Sekhara Rao.
2. It defines key terms like economics, microeconomics, macroeconomics, and managerial economics.
3. The core topics of managerial economics are discussed including demand analysis, production decisions, cost analysis, and market structures.
StraighterLine describes how its program can greatly benefit corporate tuition reimbursement programs. For more information visit: http://straighterline.com/
Introductory Algebra takes the learner through topics that teach the basics of algebra. Real-life scenarios students can relate to are used to teach difficult concepts and topics. After a pre-algebra review, this course focuses on the basics of algebra and includes math vocabulary and notation, operations with numbers, fractions, decimals, percentages, and quadratic equations. Students also learn to read and interpret graphs.
Introductory Algebra is a not-for-credit course which prepares students to successfully complete College Algebra. For more information visit: http://straighterline.com/courses/descriptions/introductory-algebra/
This document outlines a course on Principles of Micro Economics taught at ANSAL Institute of Technology in Gurgaon, India in 2012. The 3 credit course is facilitated by Dr. Meenal Sharma Jagtap and aims to familiarize students with basic microeconomic concepts and theories to help them apply economic tools to managerial decision making. The course uses various teaching methods like lectures, assignments, group projects and tests. Students are evaluated throughout the term based on assignments, presentations, quizzes, midterm tests and a final exam. The course covers topics like demand and supply, costs and revenues, market forms, income distribution and international economics across 45 sessions.
This document contains an assignment question paper for a Managerial Economics course. It includes 6 questions assessing different topics in economics. The questions range from 2 to 10 marks and require defining key terms, explaining concepts, and discussing practical applications and scopes of economic phenomena. Students are to answer all questions, with 10 mark questions requiring answers of approximately 400 words. The paper evaluates students on their understanding of inflation, monopoly, price discrimination, monopolistic competition, perfect competition, price and income elasticity, and the scope of managerial economics.
The document provides an overview of key economic terms and different types of economic systems, including characteristics of traditional, market, command, and mixed economies. It also defines economics terms like scarcity, capital resources, and entrepreneurial resources. Various tables are included to compare economic systems and their advantages and disadvantages.
The document outlines a course on microeconomics taught by Chitwan Kaur at Punjab College of Technical Education in Ludhiana, India. The 40 lecture course aims to help students understand basic microeconomic concepts, theories, and models to analyze government policies. Students will be evaluated through tests, assignments, presentations, and case studies with the goal of understanding modern microeconomic concepts and applying them to analyze real-world situations.
The document outlines a course on microeconomics taught by Chitwan Kaur at Punjab College of Technical Education in Ludhiana, India. The 40 lecture course aims to help students understand basic microeconomic concepts, theories, and models to analyze government policies. Students will be evaluated through tests, assignments, presentations, and case studies with the goal of understanding modern microeconomic concepts and applying them to analyze real-world situations.
This document discusses the challenges and promises of agent-based modeling in economics. It begins by outlining the key challenges, such as developing appropriate abstractions while keeping models realistic, and a lack of prior examples. However, it argues that agent-based modeling can complement existing tools by capturing nonlinearities and heterogeneous agents. It then describes a housing market model project that aims to build an agent-based model that can forecast time series and be used for policy analysis. The project involves calibrating decision rules using microdata to simulate the housing market at the individual household level.
The document provides sample problems and discussion questions for each week of an economics course, including problems related to production functions, demand and elasticity, forecasting, and the global economy. Students are asked to analyze scenarios and data, calculate economic measures, and discuss how managers could apply the economic concepts when making business decisions to maximize profitability.
This document provides an overview of the course materials and assignments for ECO 550 at Strayer University. It includes sample problems from chapters 1-3 and 5-6 that focus on topics like the principal-agent problem, elasticity, demand and supply analysis, and forecasting models. Students are asked to complete problems, discussions, and a quiz on these economics fundamentals each week. The course uses managerial decision-making scenarios to explore how businesses use economic analysis for issues like pricing, costs, demand estimation and forecasting.
The document provides information about a Micro Economics course offered at Punjab College of Technical Education in Ludhiana, India. The course is taught by Shweta Miglani and aims to help students understand basic microeconomic concepts. It will cover topics like demand, consumer behavior, production, costs and different market structures over 40 lectures. Students will be assessed through internal assignments, presentations, tests and external exams. The breakdown of marks and topics to be covered each lecture are also outlined.
The document provides information about a Micro Economics course offered at Punjab College of Technical Education in Ludhiana, India. The course is taught by Shweta Miglani and aims to help students understand basic microeconomic concepts. It will cover topics like demand, consumer behavior, production, costs and different market structures over 40 lectures. Students will be assessed through internal assignments, presentations, tests and external exams. The breakdown of marks and topics to be covered each lecture are also outlined.
Kevin coval business_analysis_key_conceptsKevin Coval
This slide show is made as an overview of the key concepts used in business analysis as found in the BABOK. It is equipped with audio as well as matching scripts.
Scarcity exists because human wants are unlimited while resources are limited. This forces individuals and societies to make choices. Economics is the study of how people make choices to allocate scarce resources. Microeconomics examines individual decision-making units while macroeconomics takes a broader view of the overall economy. Models are used to understand and predict economic events by simplifying reality and testing assumptions like ceteris paribus, which holds all other factors constant.
ECO 365 (Principles Of Microeconomics - entirecourse.com)John Sperling
This document outlines the course content and assignments for ECO 365 Principles of Microeconomics. The course covers microeconomic concepts like supply and demand, costs of production, market structures, externalities, and the role of government. Over 5 weeks, students discuss these topics through discussion questions and complete individual and team assignments applying the concepts, such as a supply and demand simulation, competitive analysis of market conditions, differentiating market structures, and analyzing competitive strategies and government policies.
This document outlines the contents and structure of a Microeconomics I & Statistics course. The course is worth 100 total marks, with 20 marks allocated to internal assessment and 80 marks allocated to semester-end examinations. The course is divided into 3 units covering microeconomics topics: demand and consumer behavior (50 marks), production and cost (50 marks), and perfect competition (50 marks). Each unit lists the topics covered, their length in class hours, and number of marks allocated on the semester-end exam. Suggested reading materials are also provided.
The document outlines the course plan for Cost & Management Accounting at Punjab College of Technical Education in Ludhiana. It includes 49 lectures over topics such as cost sheets, cost-volume-profit analysis, standard costing, variance analysis, budgeting, and fund flow statements. There will be 3 assignments, 3 case studies, and an activity where students calculate dish costs during a hotel management department visit. Internal assessment includes an MSE, assignments, tests, and a presentation. Attendance policies and the lecture schedule are also provided.
This document is a study manual on economic principles and their application to business. It contains 17 units that cover topics such as the basic economic problems of scarcity and choice, the theory of production and costs, consumer demand, market structures, macroeconomics, money and banking, and international trade. The manual is intended to help students study for the Diploma in Business Management offered by the Association of Business Executives. It provides explanations of key concepts, formulas, examples, review questions and other learning materials.
1. The document provides an introduction to managerial economics by a professor.
2. It defines key economic terms like microeconomics, macroeconomics, and managerial economics.
3. It outlines the core content of managerial economics including demand analysis, production decisions, cost analysis, and market structures.
1. The document provides an introduction to managerial economics by professor V. Chandra Sekhara Rao.
2. It defines key terms like economics, microeconomics, macroeconomics, and managerial economics.
3. The core topics of managerial economics are discussed including demand analysis, production decisions, cost analysis, and market structures.
StraighterLine describes how its program can greatly benefit corporate tuition reimbursement programs. For more information visit: http://straighterline.com/
Introductory Algebra takes the learner through topics that teach the basics of algebra. Real-life scenarios students can relate to are used to teach difficult concepts and topics. After a pre-algebra review, this course focuses on the basics of algebra and includes math vocabulary and notation, operations with numbers, fractions, decimals, percentages, and quadratic equations. Students also learn to read and interpret graphs.
Introductory Algebra is a not-for-credit course which prepares students to successfully complete College Algebra. For more information visit: http://straighterline.com/courses/descriptions/introductory-algebra/
This course focuses on ways in which accounting principles are used in business operations.
Students learn to identify and use Generally Accepted Accounting Principles (GAAP), ledgers and journals, and steps of the accounting cycle.
This course introduces bank reconciliation methods, balance sheets, assets, and liabilities.
Students also learn about financial statements, including assets, liabilities, and equity. Business ethics are also discussed.
Includes 10 hours of 1-on-1 live, on demand instructional support from SMARTHINKING.
Accounting II expands on what the student learns in Accounting I. It is focused on corporate accounting. This course discusses how corporations are structured and formed, with an emphasis on corporate characteristics. Stocks, bonds, notes, purchase investments and analysis of financial statements are included, as well as an in-depth look at managerial accounting. Statements of cash flow, budgets, and budget management are also examined.
This course examines the fundamental process, theories, and methods that enhance a student's overall writing ability. It introduces various strategies for writing within multiple disciplines and professions. This course examines basic principles of effective college-level writing through drafting and revising sentences, paragraphs, and essays. Topics to improve sentence structure and clarity include grammar, punctuation, and word choice. In addition to learning proper research techniques, students explore various writing genres including narration, cause and effect, compare and contrast, definition, and argumentation.
Developmental Writing is a not-for-credit course which prepares students to successfully complete English Composition I.
This course helps students develop quality writing skills by explaining and identifying the steps involved in the writing process.
Five types of writing are examined-compare/contrast, argumentative, persuasive, narrative, and descriptive. The importance of proper grammar, punctuation, and spelling is highlighted.
Students also learn research techniques, as well as how to edit and revise their work.
SMARTHINKING writing professionals will carefully review and provide personal feedback to students for 5 graded essays and 7 essay drafts.
This course provides a working knowledge of college-level algebra and its applications. Emphasis is on solving linear and quadratic equations, word problems, and polynomial, rational and radical equations and applications.
Students perform operations on real numbers and polynomials, and simplify algebraic, rational, and radical expressions. Arithmetic and geometric sequences are examined, and linear equations and inequalities are discussed.
Students learn to graph linear, quadratic, absolute value, and piecewise-defined functions, and solve and graph exponential and logarithmic equations.
Other topics include solving applications using linear systems, and evaluating and finding partial sums of a series.
Includes 10 hours of 1-on-1 live, on demand instructional support from SMARTHINKING.
Introductory Algebra is a not-for-credit course which prepares students to successfully complete College Algebra.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
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What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
1. Microeconomics
Course Text and Study Guide
Text: Microeconomics, 17th Edition Campbell R McConnell, University of Nebraska---Lincoln
Stanley L Brue, Pacific Lutheran University, 2008. ISBN-13 9780073273099.
Study Guide: Study Guide to Accompany Economics, 17th Edition Campbell R McConnell,
University of Nebraska---Lincoln Stanley L Brue, Pacific Lutheran University, 2008. ISBN-13
9780073273129.
Course Description
Microeconomics is the analysis of the manner in which markets resolve the problem posed by
the reality of scarce resources. A model of efficiency is constructed and is analyzed through
the topics of demand, supply, production, distribution, consumer choice, the behavior of the
firm, and market structure. A consideration of market failures and the role of government in a
market-driven society completes the analysis. Other topics include international trade and
finance.
Course Objectives
After completing this course, students will be able to:
• Identify and apply relevant terminology and concepts to economic issues and problems.
• Compare and contrast the market system of economics with other systems.
• Analyze and synthesize the public and private sectors of the U.S. economy.
• Use demand and supply models in the analysis of real-world issues.
• Use the theory of consumer choice to explain and to predict consumer behavior.
• Use market structure models to explain and to predict business firm behavior.
• Explain the basis for and the benefits of trade.
Course Prerequisites
There are no prerequisites to take Microeconomics.
Important Terms
In this course, different terms are used to designate tasks:
• Practice Exercise: A non-graded assessment to assist you in practicing the skills
discussed in a topic.
• Graded Exam: A graded online test.
2. Course Evaluation Criteria
StraighterLine does not apply letter grades. Students earn a score as a percentage of 100%. A
passing percentage is 70% or higher.
If you have chosen a Partner College to award credit for this course, your final grade will be
based upon that college's grading scale. Only passing scores will be considered by Partner
Colleges for an award of credit.
There are a total of 1200 points in this course:
Topic Assessment Points Available
1 Graded Exam: Limits, Alternatives, and Choices 50
2 Graded Exam: The Market System and the Circular Flow 50
3 Graded Exam: Demand, Supply, and Market Equilibrium 50
4 Graded Exam: The U.S. Economy: Private and Public Sectors 50
5 Graded Exam: The United States in the Global Economy 50
6 Graded Exam: Extensions of Demand and Supply Analysis 50
7 Graded Exam: Consumer Behavior and Utility Maximization 50
8 Graded Exam: The Costs of Production 50
9 Graded Exam: Pure Competition 50
10 Graded Exam: Pure Monopoly 50
11 Graded Exam: Monopolistic Competition and Oligopoly 50
12 Graded Exam: Technology, R&D, and Efficiency 50
13 Graded Exam: The Demand for Resources 50
14 Graded Exam: Wage Determination 50
15 Graded Exam: Rent, Interest, and Profit 50
16 Graded Exam: Government and Market Failures 50
17 Graded Exam: Public Choice Theory and the Economics of Taxation 50
18 Graded Exam: Antitrust Policy and Regulation 50
19 Graded Exam: Agriculture: Economics and Policies 50
20 Graded Exam: Income Inequality and Poverty 50
21 Graded Exam: The Economics of Health Care 50
22 Graded Exam: Labor Market Institutions and Issues: Unionism,
Discrimination, and Immigration 50
23 Graded Exam: International Trade 50
24 Graded Exam: Exchange Rates, the Balance of Payments, and Trade Deficits 50
Course Topics and Objectives
Topic Lesson Topic Subtopics Objectives
1 Limits, • The Economic • Identify and describe three
Alternatives, and Perspective interrelated features of how
Choices economists think about the world.
• Theories, Principles, and • Define opportunity cost and provide
Models an example.
• Macroeconomics and • Differentiate between a theory, a
Microeconomics principle, and a model.
• Explain the usefulness of the “other-
• The Economizing things-equal” assumption in
Problem economics analysis.
• State the difference between
• Production Possibilities Macroeconomics and
Curve Microeconomics.
• Explain the difference between
• Graphs positive and normative economics.
• Explain the Economizing Problem as
it relates to the individual and to
society.
3. • Explain the message of the basic
production possibilities curve.
• Represent a relationship between
two variables with a graph.
2 The Market System • Economic Systems • Define economic system and explain
and Circular Flow the function of systems.
• Characteristics of the
Market System • Identify two major economic
systems.
• Five Fundamental • Identify and explain the
Questions characteristics of the market
system.
• The Circular Flow Model
• Identify and explain the five
questions all economic systems
must address.
• Analyze the Circular Flow Model.
• Explain why Adam Smith believed
the “invisible hand” would promote
the public or social interest.
• Analyze the Circular Flow Model in
terms of its various components.
3 Demand, Supply, • Markets • Describe markets and their function.
and Market • Explain the inverse relationship
Equilibrium • Demand between price and quantity
demanded under the “all else equal”
• Supply assumption.
• Identify the determinants of
• Market Equilibrium demand.
• Explain and graphically illustrate the
difference between a change in
quantity demanded and a change in
demand.
• Explain the positive relationship
between price and quantity supplied
under the “all else equal”
assumption.
• Identify the determinants of supply.
• Explain and graphically illustrate the
difference between a change in
quantity supplied and a change in
supply.
• Explain and graphically illustrate
market equilibrium.
• Explain the difference between
production efficiency and allocation
efficiency.
• Apply demand and supply analysis
to real-world issues and problems.
4 The U.S. Economy: • U.S. Households • Describe the functional distribution
Private and Public of U.S. income.
Sectors • U.S. Businesses and • Describe the personal distribution of
Business Organization U.S. household income.
• Describe the disposition of U.S.
• The Public Sector and household income.
Role of Government • State the difference between the
various legal forms of business.
• The Circular Flow Model • Identify the economic functions of
With Government governments.
• Analyze the Circular Flow Model that
• Government Budget includes the government sector.
Outlays and Receipts
5 The United States • International Trade • Analyze the economic flows that link
in the Global the U.S. and the economies of other
Economy • Specialization and nations.
Comparative Advantage • Describe U.S. export and import
data as a percent of GDP over time.
4. • The Foreign Exchange • Define comparative advantage and
Market use a table to illustrate the concept.
• Construct a table illustrating the
• Government and Trade gains from specialization and
• Use a demand and supply model to
• Trade Organizations and show how exchange rates are
Agreements determined.
• Use a demand and supply model to
illustrate currency appreciation and
depreciation.
• Identify common trade barriers
imposed by governments and
explain why governments interfere
with trade.
• Compare and contrast the notable
trade organizations and
agreements.
• Analyze global competition.
6 Extension of • Price Elasticity of • Calculate price elasticity of demand
Demand and Demand using the mid-point and the
Supply Analysis percentage formulas.
• Price Elasticity of Supply • Interpret the price elasticity demand
coefficient.
• Cross Elasticity of • Explain and illustrate the total
Demand revenue test.
• Compare and contrast inelastic and
• Income Elasticity of elastic demands.
Demand • Explain what determines price
elasticity of demand.
• Consumer and Producer • Apply price elasticity of demand to
Surplus real-world issues.
• Contrast the short-run and the long-
• Deadweight Loss run with respect to price elasticity of
supply.
• Apply price elasticity of supply to
real-world issues.
• Use cross-price elasticity of demand
to define substitute goods,
complementary goods, and
independent goods.
• Compare and contrast consumer
and producer surplus.
• Illustrate deadweight losses due to
over- or under-production of an
economic good.
7 Consumer • Consumer Choice and • Explain and illustrate The Law of
Behavior and Budget Constraint Diminishing Marginal Utility.
Utility • Use The Law of Diminishing
Maximization • Utility Maximization and Marginal Utility to explain the shape
the Demand Curve of a typical demand curve.
• Use the utility-maximizing rule to
determine how a consumer will
allocate a fixed income in the
purchase of two goods.
• Use the utility-maximization rule to
derive the demand for a product.
• Explain the income and substitution
effects.
• Use the theory of consumer
behavior to explain real-world
phenomena.
8 The Costs of • The Meaning of Cost in • Analyze a firm’s response to a
Production Economics change in demand in both the short
5. and long run.
• The Meaning of Profit in • Explain how the Law of Diminishing
Economics Returns impacts a firm’s short-run
costs.
• The Short Run and Long • Compare and contrast Economies
Run
and Diseconomies of scale.
• The Law of Diminishing
Returns
• Short- and Long-Run
Production Costs
• Scale Economics
9 Pure Competition • Characteristics of Pure • Identify the characteristics of the
Competition representative firm operating under
the conditions of pure competition.
• Short-run Profit • Analyze the demand faced by the
Maximization purely competitive firm.
• Calculate the purely competitive
• Long-Run Profit firm’s level of production and profit
Maximization (or loss) in the short run using two
methods.
• Pure Competition and • Explain the condition under which
Efficiency the purely competitive firm will shut
down in the short run.
• Derive the competitive firm’s short-
run supply curve.
• Analyze the purely competitive
firm’s long-run equilibrium.
• Compare and contrast constant-
cost, increasing-cost, and
decreasing-cost industries.
• Explain the efficiency implications of
pure competition.
10 Pure Monopoly • Characteristics of Pure • Compare and contrast the
Monopoly characteristics of pure monopoly
with those of pure competition.
• Monopoly Demand • Compare and contrast the demand
curve and marginal revenue curve
• Monopoly Output and of the monopolist with that of the
Price Determination purely competitive firm.
• Use the MR=MC rule to determine
• Efficiency Implications of the monopolist’s profit maximizing
Pure Monopoly price and output.
• Analyze the economic effects of
• Price Discrimination monopoly.
• Define price discrimination.
• The Regulated Monopoly • Identify real-world examples of
price discrimination.
• Analyze the various ways monopoly
is regulated.
11 Monopolistic • Characteristics of • Compare and contrast the
Competition and Monopolistic Competition characteristics of monopolistic
Oligopoly competition with those of pure
• Price and Output competition.
Determination in • Use the MR=MC rule to determine
Monopolistic Competition the monopolistically competitive
firm’s output and price in the short
• Monopolistic Competition and long run.
and Efficiency • Analyze the efficiency implications
of the monopolistically competitive
• Characteristics of market.
6. Oligopoly • Identify the conditions that lead to
oligopoly.
• Game Theory • Analyze concentration ratios across
industries.
• Models of Oligopoly • Use Game Theory to explain pricing
behavior in oligopolistic markets.
• Oligopoly and Efficiency • Analyze three models of Oligopoly.
• Analyze the efficiency implications
of oligopoly.
12 Technology, R&D, • Invention, Innovation, • Compare and contrast Invention,
and Efficiency and Diffusion Innovation, and Diffusion.
• Explain the modern view of
• Research and technological advance.
Development • Use marginal analysis to determine
the firm’s optimal amount of R&D.
• Imitation and R&D • Explain how dominant firms use the
Incentives fast-second strategy to maximize
profit.
• Market Structure and • Identify the strengths and
Technological Advance weaknesses of each market
structure with respect to
technological advance.
• Present a real-world example of
creative destruction.
13 The Demand for • Marginal Productivity • Derive the demand for resources in
Resources Theory perfectly competitive and
imperfectly competitive markets.
• Resource Demand Under • Explain how changes in the
Imperfect Product determinants of resource demand
Market Competition impact the demand for resources.
• Analyze current trends in
• Determinants of employment.
Resource Demand • Explain the main determinants of
resource demand elasticity.
• Elasticity of Resource • Determine the optimal combination
Demand of resources using two methods.
• List criticisms of The Marginal
• Optimal Combination of Productivity Theory of Income
Resources Distribution.
• Marginal Productivity
Theory of Income
Distribution
14 Wage • Labor, Wages, and • Compare and contrast Invention,
Determination Earnings Innovation, and Diffusion.
• Distinguish between nominal wages
• Perfect Competition in and real wages.
the Labor Market • Describe the relationship between
real wages and productivity.
• Imperfect Competition in • Analyze wage determination in a
the Labor Market purely competitive labor market.
• Compare and contrast the
• The Minimum Wage monopsony model of wage
Debate determination with that of the
purely competitive model.
• Wage Differentials • Use the bilateral monopoly model to
explain wage and employment
determination.
• State a case for and against the
minimum wage.
15 Rent, Interest, and • Economic Rent • Explain the existence of economic
Profit
7. rent.
• Interest • Use a Loanable Funds Model to
explain how interest rates are
• Economic Profit determined.
• Analyze the sources of economic
profit.
• Explain the economic function of
profit.
16 Government and • Public Goods • Compare and contrast private goods
Market Failure and public goods.
• Externalities • Use the MB=MC rule to determine
the optimal quantity of public
goods.
• Define positive and negative
externalities.
• Use the Coase Theorem to analyze a
real-world individual bargaining
example.
• Explain various ways in which
government can bring about
efficiency in the face of
externalities.
17 Public Choice • Revealed Preferences • Explain how majority voting may
Theory and the produce inefficiencies.
• Government Failure
Economics of • Explain how majority voting may
Taxation • Apportioning Tax bring on results that violate voter
Burdens preferences.
• Tax Incidence and • Explain why rent seeking occurs.
Efficiency Loss • Contrast progressive, proportional,
and regressive taxes.
• Analyze the relationship between
elasticity and tax incidence.
• Illustrate the efficiency loss of a tax.
18 Antitrust Policy and • The Antitrust Laws and • Describe the most important of the
Regulation Policy antitrust laws of the U.S. and the
historical events leading to the
• Effectiveness of Antitrust passing of these laws.
Laws • Describe inconsistencies in antitrust
policy.
• Natural Monopoly • Calculate a Herfindahl Index from
data provided.
• Deregulation • Analyze the conditions that result in
the existence of natural monopoly.
• Social Regulation • Explain the economic argument for
deregulation.
• Use the MB=MC rule to determine
the optimal level of social
regulation.
• State the main criticisms of social
regulation.
19 Agriculture: • The Economics of • Present the economics behind the
Economics and Agriculture volatility of price and income in the
Policy agriculture sector.
• Economics of Farm Policy • Present the economics behind the
belief that agriculture is a declining
• Criticisms and Politics industry in the long run.
• Present an economic argument for
• Recent Reform farm subsidies.
• Define parity and give a real-world
example.
• Use a demand and supply model to
show the impact of an effective
8. commodity price support program.
• Use public choice theory to explain
why agriculture continues to receive
favorable support from government
in spite of the strong arguments
against doing this.
20 Income Inequality • Facts About Income • Construct a Lorenz Curve and
and Poverty Inequality calculate Gini Coefficients and
interpret both.
• Causes of Income • Analyze the causes of income
Inequality inequality.
• Present historical data on income
• Income Inequality Over inequality.
Time • State the trade-off between equality
and efficiency.
• Equality versus Efficiency • Define poverty and delineate the
incidence of poverty.
• Poverty • Analyze the U.S. Income-
Maintenance System
• U.S. Income
Maintenance System
21 The Economics of • Costs and Access • Present current statistics relative to
Health Care the health care industry.
• High and Rising Health
Care Costs • Analyze the health care industry
and explain why costs are rising so
• Why Costs Are Rising So rapidly in that industry.
Rapidly
• Use a demand and supply diagram
• Health Care Reform to show why health care costs are
rising so rapidly.
• Use a demand and supply diagram
to show that resources are over-
allocated to health care when
insurance is available.
• List various options to health care
reform.
22 Labor Market • Unionism in America • Present current statistics relative to
Institutions and unionism in America and abroad.
Issues • Economic Effects of • Define important terms relative to
Unions unionism.
• State ways in which unions may
• Labor Market decrease economic efficiency.
Discrimination • State ways in which unions may
increase economic efficiency.
• Economic Analysis of • Define labor market discrimination
Discrimination and identify the types of
discrimination that may occur.
• Immigration • Use a demand model to show that if
immigration increases from Mexico
to the U.S. then world production
increases and business income is
enhanced.
9. 23 International Trade • Some current statistics • Present current statistics regarding
U.S. international trade.
• The Economic Basis for • Present the economic basis for
Trade trade.
• Determine comparative advantage
• Comparative Advantage from information implicit in two
PPCs.
• Supply and Demand • Determine terms of trade from
Analysis of Exports and information implicit in two PPCs.
Imports • Determine gains from trade from
information implicit in two PPCs.
• Trade Barriers • Delineate a case for free trade.
• Use a demand and supply diagram
• The Case for Protection to show that as world prices
increase relative to domestic prices,
• Offshoring U.S. exports rise.
• Use a demand and supply diagram
to show that as world prices
decrease relative to domestic prices,
U.S. imports rise.
• Analyze the economic impact of
trade barriers.
24 Exchange Rates, • The Balance of Payments • Explain the Balance of Payments in
the Balance of terms of each of its accounts.
Payments, and • Flexible Exchange Rates • Analyze the offsetting transactions
Trade Deficits that cause the Balance of Payments
• Fixed Exchange Rates to always sum to zero.
• Use demand and supply diagrams to
• International Exchange illustrate currency appreciation and
Rate Systems depreciation.
• List the determinants of exchange
• Recent U.S. Trade rates.
Deficits • State the case for flexible exchange
rates and potential problems with
this case.
• State the case for fixed exchange
rates and potential problems with
this case.
• Compare and contrast the various
international exchange rate
systems.
• Analyze recent U.S. trade deficits.
Review • Supply and Demand None
• Elasticity of Supply and
Demand
• Pure Competition and
Monopolies
• The Cost of Production
• International Trade
Policy
• Wage Determination
• Monopolistic Competition
and Oligopoly
• Government and Market
Failures
10. • Antitrust Policy and
Regulation
• Taxation
• Agricultural Economics
and Politics
• Income Inequity and
Poverty
• Rent, Interest, and Profit