...------------------------------------------------- Post–World War II economic expansion From Wikipedia, the free encyclopedia "Golden Age of capitalism" redirects here. Other periods this term may refer to are Gilded Age and Belle Époque. In the United States and several other countries, the boom was manifested insuburban development and urban sprawl, aided by automobile ownership. Many Western governments funded large infrastructure projects during this period. Here the redevelopment of Norrmalm and theStockholm Metro, Sweden. The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of economic prosperity in the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early 1970s. It ended with the collapse of the Bretton Woods system in 1971, the 1973 oil crisis, and the 1973–1974 stock market crash, which led to the 1970s recession. Narrowly defined, the period spanned from 1945 to 1952, with overall growth lasting well until 1971, though there are some debates on dating the period, and booms in individual countries differed, some starting as early as 1945, and overlapping the rise of the East Asian economies into the 1980s or 1990s. During this time there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early...
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...PRINCIPLES OF MICRO-ECONOMICS COURSE OUTLINE – FALL 2012 CREDIT HOURS DURATION DEPARTMENT COURSE LEVEL RESOURCE PERSON OFFICE HOURS E-MAIL 3 17 weeks Finance and Business Economics Division Core Prof. Taimoor Qureshi By Appointment taimoor.qureshi@ucp.edu.pk COURSE DESCRIPTION Principles of Microeconomics is an introductory course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and analysis, supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, and welfare economics. Students will also be introduced to the use of microeconomic applications to address problems in current economic policy throughout the semester. COURSE OBJECTIVES After studying this course the students should be able to: Understand the basic concepts of the subject. Understand the application of the tools of demand and supply for efficient resource allocation and profit maximization. Identify core economic issues related to business firms. Comprehend the benefits of market efficiency. GRADING PLAN TYPE Quizzes Assignments Final Projects Midterm examination Final term examination Total PERCENTAGE (%) 10 10 10 30 40 100 CALENDER OF ACTIVITIES WEEK 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 CONTENTS TASKS/ACTIVITIES Introduction to Economics • Basic Concepts – I Class Introduction Introduction to Economics • Basic Concepts – II Utility Assignment...
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...Final Time Table - Fall 2014 ( v 20141113-1130 ) CIIT_Lahore FA14-BEC-A (Semester 1) (DDP) 2 10:00 - 11:30 HUM-Huma Ijaz 1 8:30 - 10:00 Phy-Dr. Saif Ur Rehman 3 11:30 - 1:00 4 1:30 - 3:00 5 3:00 - 4:30 HUM-Dr. Musferah Mehfooz 6 4:30 - 6:00 7 6:00 - 7:30 Subjects Count English Physics for Chemical Comprehension and Engineers Composition Islamic Studies N-7 HUM-Huma Ijaz N-1 Math-Imran Zulfiqar Chem-Amjad Riaz Cheema Chemical Process Principles I N-11 Calculus I 2 Chemical Process Principles I 2 English Comprehension and Composition 2 Islamic Studies 2 Lab-Engineering Drawing 2 Lab-Physics for Chemical Engineers 2 Physics for Chemical Engineers 2 Tuesday Monday English Comprehension and Composition Calculus I N-7 N-12 Chem-Amjad Riaz N-11 Wednesday Phy-Dr. Saif Ur Rehman Physics for Chemical Chemical Process Engineers Principles I N-18 HUM-Dr. Musferah Mehfooz N-19 Math-Imran Zulfiqar Cheema Dr. Saif Ur Rehman / Dr. Ishrat Sultana Thursday Islamic Studies Calculus I Lab-Physics for Chemical Engineers N-15 N-3 Applied Physics Lab Chem-Muhammad Imran Rafiq Friday Lab-Engineering Drawing PC Lab-C Lessons/week 14 Timetable generated:11/13/2014 aSc Timetables Final Time Table - Fall 2014 ( v 20141113-1130 ) CIIT_Lahore FA14-BEC-B (Semester 1) (DDP) 2 10:00 - 11:30 Math-Syed Tahir Raza Rizvi 1 8:30 - 10:00 HUM-Huma Ijaz 3 11:30...
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...MBA 6053, Economics for Managers Course Syllabus Course Description Review of managerial economics and problems encountered in firm management. Examines changing economic environment, business trends and fluctuations, and introduces forecasting techniques. Prerequisites None Course Textbook Keat, P., & Young, P. (2009). Managerial economics (6th ed.). Upper Saddle River, NJ: Prentice Hall. Course Learning Objectives Upon completion of this course, students should be able to: 1. Discuss managerial economics and its relationship to microeconomics and other related fields of study such as finance, marketing, and statistics. 2. Decide economic goals for the firm and develop optimal decisions that will bring the firm closest to those goals. 3. Define supply, demand, and equilibrium price. 4. Apply the concepts of price elasticity, cross-elasticity, and income elasticity. 5. Specify the components of a regression model that can be used to estimate a demand equation. 6. Define production function, and explain the difference between a short-run and a long-run production function. 7. Distinguish between economic cost and accounting cost. 8. Describe the key characteristics of the four basic market types used in economic analysis. 9. Cite the main differences between monopolistic competition and oligopoly. 10. Analyze the practice of cartel pricing. 11. Illustrate game theory, and explain how it helps better understand mutually interdependent management decisions. 12. Define...
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...Documented exemption, appropriate placement scores or completion of developmental education reading and writing. AMH 1041 examines the historical experiences and events that have shaped America's social and economic development in order to foster a better understanding of America's culturally diverse society. Prerequisite(s): satisfactory completion of Developmental Writing II (ENC0025 ) and Developmental Reading II (REA0017 ), or appropriate placement scores. Examines the historical experiences and events that shaped America’s social and economic development, in order to foster a better understanding of America’s culturally diverse society. Lecture: 3 hours. Close Close Prerequisite(s): satisfactory completion of Developmental Writing II (ENC0025 ) and Developmental Reading II (REA0017 ), or appropriate placement scores. Examines the historical experiences and events that shaped America’s social and economic development, in order to foster a better understanding of America’s culturally diverse society. Lecture: 3 hours. Close Close Prerequisite(s): satisfactory completion of Developmental Writing II (ENC0025 ) and Developmental Reading II (REA0017 ), or appropriate placement scores. Examines the historical experiences and events that shaped America’s social and economic development, in order to foster a better understanding of America’s culturally diverse society. Lecture: 3 hours. Close Close Lecture. Note:...
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...Chapter 7: Efficiency, Exchange, and the Invisible Hand in Action I. The Invisible Hand a. Individuals act in their own interests i. Aggregate outcome is collective well-being b. Profit motive ii. Produces highly valued goods and services iii. Allocates resources to their highest value use 1. Jon Stewart does not wait tables II. Accounting Profit c. Most common profit idea d. Accounting profit = total revenue – explicit costs iv. Explicit costs are payments firms make to purchase v. Resources (labor, land, etc.) and vi. Products from other firms e. Easy to compute f. Easy to compare across firms III. Economic Profit g. Economic profit is the difference between a firm's total revenue and the sum of its explicit and implicit costs vii. Also called excess profits h. Implicit costs are the opportunity costs of the resources supplied by the firm's owners i. Normal profit is the difference between accounting profit and economic profit viii. Normal profits keep the resources in their current use IV. Three Kinds of Profit j. Two Functions of Price ix. Rationing function of price distributes scarce goods to the consumers who value them most highly x. Allocative function of price directs resources away from overcrowded markets to markets that are underserved xi. Invisible Hand Theory states that the actions...
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...(GEN/UR) (SC) (ST) Classes (OBC)# Officers in Grade ‘B’ (General) Direct 67 15 13 39 134* Recruitment - (DR) #Candidates belonging to OBC category but coming in the ‘Creamy Layer’ are not entitled to OBC reservation. They should indicate their category as ‘General (GEN)’. *Out of 134 vacancies mentioned above, 04 vacancies are reserved for candidates belonging to Persons with Disability (PWD) category - one vacancy each for Visually Handicapped (VH), Orthopedically Handicapped (OH), and two vacancies for Hearing Impaired (HI). Persons with Disability may belong to any category - GEN/SC/ST/OBC. Note for PWD candidates: (1) The degree of disability should be (i) Minimum 40% in case of Orthopedically Handicapped persons, (ii) Minimum 40% in case of Hearing Impaired- sense of hearing is non-functional for ordinary purposes of life; do not hear, understand sounds at all even with amplified speech; hearing loss more than 60 decibels in the better ear (profound impairment) or total loss of hearing in both ears, and (iii) For Visually Handicapped candidates either of the following conditions should be fullfilled: a. Total absence of sight. b. With visual acuity not exceeding 6/60 or 20/200 (Snellen) in...
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...ECONOMICS (Three hours) (Candidates are allowed additional 15 minutes for only reading the paper. They must NOT start writing during this time.) ---------------------------------------------------------------------------------------------------------------Answer Question 1 (compulsory) from Part I and five questions from Part II. The intended marks for questions or parts of questions are given in brackets [ ]. ---------------------------------------------------------------------------------------------------------------- PART I (30 Marks) Answer all questions. Question 1 Answer briefly each of the following questions: (i) (ii) (iii) (iv) (v) (vi) (vii) State the Law of Demand. Mention two assumptions of the Law. What is meant by substitution effect? Define income elasticity of demand. With the help of a diagram, explain one exception to the Law of Supply. What is marginal physical product? How can marginal physical product be obtained from total physical product? With the help of a diagram, show how the equilibrium price and quantity change, when supply increases and demand remains unchanged. Define monopsony. Explain one feature of monopsony. [15 2] (viii) Differentiate between explicit cost and implicit cost. (ix) (x) (xi) (xii) What is meant by marginal efficiency of capital? Explain how bank rate can be used to control credit in an economy. How can private income be obtained from domestic income? Define fiscal policy. Mention the tools of fiscal policy. (xiii) What is meant...
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...Measuring GDP and Economic Growth 1 Gross Domestic Product 1) Gross domestic product is the total ________ produced within a country in a given time period. A) market value of all final and intermediate goods and services B) market value of all goods and services C) amount of final and intermediate goods and services D) market value of all final goods and services Answer: D Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking 2) Gross domestic product A) includes all the goods and none of the services produced in an economy in a given time period. B) measures the value of the aggregate production of goods and services in a country during a given time period. C) measures the value of labor payments generated in an economy in a given time period. D) is generally less than federal expenditure in any time period. Answer: B Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking 3) Gross domestic product is a measure of the total value of all A) sales in an economy over a period of time. B) consumer income in an economy over a period of time. C) capital accumulation in an economy over a period of time. D) final goods and services produced in an economy over a period of time. Answer: D Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking Copyright © 2012 Pearson Education, Inc. Chapter 4 Measuring GDP and Economic Growth 493 ...
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...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...
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...the institute of cost accountants of india(ICAI) (A Statutory body under an act of parliament) SYLLABUS 2012 STRUCTURE & contents Evaluation Synthesis ANALYSIS ANALYSIS APPLICATION APPLICATION COMPREHENSION COMPREHENSION COMPREHENSION KNOWLEDGE KNOWLEDGE KNOWLEDGE LEVEL A LEVEL B LEVEL C FOUNDATION COURSE - Syllabus 2012 the institute of cost accountants of india(ICAI) (A Statutory body under an act of parliament) SYLLABUS 2012 STRUCTURE & contents The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 FOUNDATION COURSE - Syllabus 2012 The Following table lists the learning objectives and the verbs that appear in the syllabus learning aims and examination question. Learning objectives Level A COMPREHENSION What you are expected to understand List Make a list of. State Express, fully or clearly , the details/ facts of. Define Give the exact meaning of. Communicate the key features of. Distinguish Highlight the differences between. Explain Make clear or intangible/state the meaning or purpose of. Identify Recognise, establish or select after consideration. Illustrate What you are expected to know Definition Describe KNOWLEDGE Verbs used Use an example to describe or explain something. The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) ...
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...UNDERGRADUATE REGULATIONS & SYLLABUSES 2014 - 2015 THE FACULTY OF SOCIAL SCIENCES TABLE OF CONTENTS MESSAGE FROM THE DEAN ............................................................. 3 UNDERGRADUATE PROGRAMMES ................................................ 4 ACADEMIC CALENDAR 2014-2015 ................................................ 5 DEFINITIONS ...................................................................................... 13 GENERAL INFORMATION & REGULATIONS .............................. 14 General Regulations for Bachelor of Science Degrees 14 Special Regulations for Degrees in Hospitality and Tourism Management........................................................... 27 Franchise Agreements .......................................................... 27 EVENING UNIVERSITY -GENERAL INFORMATION & REGULATIONS ................................................................................... 28 General Regulations for Bachelor of Science Degrees 28 General Regulations for Diploma Programmes ............ 36 General Regulations for Certificate Programmes ......... 37 STUDENT PRIZES .............................................................................. 38 CODE OF CONDUCT ........................................................................ 39 UNIVERSITY REGULATIONS ON PLAGIARISM .......................... 40 THE ACADEMIC SUPPORT/ DISABILITIES LIAISON UNIT (ASDLU) ..............................................................................................
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...your project, address the following questions: Using the elasticity estimates in the table above, classify the price elasticity demand as elastic or inelastic. Explain your reasoning. Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases. Using those classifications, make some assumptions regarding tax incidence. For instance, will buyers or sellers pay a larger portion of the tax per unit? Explain. Conclude, based on the elasticity classifications, their effect on tax revenue and tax incidence, and which goods the government would prefer to tax. Project Part 2 Introduction: Suppose that the U.S. currently buys and produces wingdings, a fictitious economic good. The U.S. faces the world price, and domestic suppliers sell as...
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...Charles University in Prague Faculty of Social Sciences Institute of Economic Studies Syllabus JEM 044 International Finance Summer term 2014 Instructor: Pavel Vacek(lectures) Office: 508 E-mail: vacek@fsv.cuni.cz Office hours: by appointment via email Credits: 6 Teaching Assistant: Ihor Kruchynenko (grading, seminars) E-mail:kruchynenko@gmail.com Office hours: by appointment via email Lectures: Tuesday11:00 am – 12:20 pm, room 109 Seminars: Tuesday 3:30 pm – 4:50 pm, room 109 Summer term teaching period: Feb 17, 2014 – May 16, 2014 Examination period: May 26, 2014 – June 30, 2014 and Sep. 1, 2014 – Sep. 12, 2014 Dean’s day (no classes, building closed): April 18, 2014 (Friday) Rector’s day (no classes, building closed): May 14, 2014 (Wednesday) Objective: The aim of this course is to provide an integrated view of international financial markets and the management of multinational firms. The focus will be on money, liquidity, the international payment mechanism, the markets for spot exchange, understanding forward exchange rates, using forwards for international financial management, and capital budgeting. We will discuss managing exposure to exchange rates and country risk, and financing in international capital markets. Required reading: a) The most important will be your class notes from lectures. b) Sercu, Piet (2009). International Finance: Theory into Practice, Princeton University presss. (available ONLINE and also in our library) Focus on chapters: 1, 2, 3, 4, 5...
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...of the most tragic and brutal time during the World War II. Between 1941 and 1945, Jews were targeted and precisely murdered in the largest genocide of the 20th century. What started this horrific massacre was the notorious Adolf Hitler, the leader of Nazi Germany. After the start of World War II, Hitler the chancellor of Germany created a policy known as the “Final Solution.” From the Nuremberg Laws in 1935 to Kristallnacht in 1938, Hitler slowly removed Jews from German society. However, the Nazis created an elaborate and intensive system to work Jews to forced labor under brutal conditions. From the concentration camps created by the Nazi, forced labor was futile and destructive. The concentration camp forced the Jews to perish without proper equipment, clothing, nourishment, or rest. Because Adolf Hitler devised the Final Solution to eradicate Europeans Jews, more than one million Jews, labored and perish in Auschwitz, a Nazi concentration camp. Like what Fidel Castro said “There is nothing that compares to the Holocaust.” After the start of World War II, the anti-Jewish law enforcers came up with a plan to dispose of European Jewry. To mask the true meaning behind their destruction, the Nazi Germany used certain language to disguise it. The meaning of the “Final Solution” means to annihilate the Jewish people. After Hitler’s rule of eradicating and segregation of Jews was applied, the “Final Solution” was set in stages. In 1933, when the Nazi Germany...
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