dictates how we should think, behave and help us distribute resources rationally in the fairest way. As an economic major student, I know economists study different relationships in the market through scientific approach such as regressions, statistical analysis and theoretical deduction. Even though many people understand simple economics, the “Quarterly Journal of Economics” however requires adequate amount of economics knowledge
choose not to plan its discount across the board but decide on a generic pricing policy of different discounts on different brands and lines, taking account of its cash margin, volume of sales, and the pricing strategies of competitors. In the final analysis, a business would keep an eye on competitors’ MBBS pricing policies and how attractive this is to buyers of shirts. This model can be applied to all retail businesses or businesses selling to an end user. It shows how flexible and profitable MBBS
3.2. Neoclassicals say there is no neoclassical supply and demand theory If incidentally neoclassical economics creators had the intention of producing a realistic supply and demand theory of price and production determination, they would have somehow adopted and tried to develop the pioneering Cournot’s work (Cournot, 1838) on maximization. They would have failed, but actually they never had such intention since they must abide by the monetarist dogma imposing that the general price index is determined
Keynesian economists often argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes which require active policy responses by the public sector, in particular, fiscal policies implement by the government and monetary policies implement by the central bank, in order to output stabilization and production over the business
demand function optimal monetary policy could not be constructed. Conducting a successful monetary policy we must knowledge about those factors which affect the money demand function. The stable and managed money demand function is required for policy analysis and forecasting
particularly for developing countries. This chapter embarks on a review of the theoretical and empirical basis for any such relationship between the financial deepening and economic growth, so as to build up a theoretical and empirical framework for the analysis that will take place later in the work. 2.1.1 Aims and Objectives of the
training in the field of economics and in the application of econometric techniques to understand the situation of the specific economy as well as the world economy. On the other hand, a minor in economics comprise introduction to microeconomics, introduction to macroeconomics and quantitative methods in economics (basically maths and statistics). At Swinburne University of Sarawak, since last two years, I have been teaching two courses, namely using Basic Concepts of Economics under the diploma program
Economics is the real owner of this world; it is an unbiased yet ever-expanding toolkit that applies scientific method to explain a simple phenomenon of how resources should be best distributed. It truly is the human science that can be applied as long humanity exists. Just as the universe is always expanding, the beauty of economics and why I pursue to become an economist is it is dynamic yet powerful; there is never an all-in-one solution, new theory and policy is constantly invented which gives
requirements of the specific firm. Successful companies develop strategies in emerging markets that are different from those they use at home, and often find novel ways of implementing them too (Khanna, Palepu & Sinha, 2005). In the changing context of the business environment from the early days of eighties until today, the strategic viewpoints on the firm growth perspectives have significantly changed. The resource view concept has combined the power of Porter's internal and external perspectives
implementation. The course would give me the opportunity to explore different avenues and move towards my career goals at a quickened and more informed pace. Looking through the prospects, I would choose to specialize in modules dealing with macroeconomic policy, public microeconomics and economics for development. Econometrics is a crucial subject in today’s Global scenario where one has to be able to quantitatively analyse economic decisions to help sustain a brighter tomorrow. I want to be a player in fostering