COURSE: MANAGERIAL ECONOMICS: COH 723 Programme; MSc Health Services planning and Management Department; Community Health Lecturer; J Kwaku Agyemang 1. Course Description Managerial Economics is concerned with resources allocation, decisions that are made by managers in both private and public sections (private business, private NGO’s and public sector) of the economy. The course emphasizes the application of economic principles and methodologies to decision-making process of business firms
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Head: THE IMPORTANCE OF ECONOMICS AND THE The Importance of Economics and the Understanding of the Circular Flow Model and its Place in Society ******* *************** Abstract Economics as a whole is a tool for understanding and studying production, distribution, and consumption of goods and services. Economics is concerned with the resourcefulness of scares resources with an optimum contentment of economic wants. Human beings are not only impacted by economics, but they are also considered
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SUGGESTED ANSWERS TO END-OF-CHAPTER QUESTIONS QUESTIONS 1. Why is it important to study international financial management? Answer: We are now living in a world where all the major economic functions, i.e., consumption, production, and investment, are highly globalized. It is thus essential for financial managers to fully understand vital international dimensions of financial management. This global shift is in marked contrast to a situation that existed when the authors of this book were learning
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F.Y.B.A. Paper – I Economic Theory (Micro Economics-I) SECTION – I Module 1 : Introduction Meaning, nature, scope, significance and limitations of micro economics. Ceteris Paribus – use and significance. Concept and types of equilibrium : stable, unstable, static and dynamic equilibrium – partial equilibrium and general equilibrium, positive economics and normative economics, managerial economics. Basic concepts – wealth, welfare and scarcity. Basic tools of economics analysis (equations and functions
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Subject Code | |MM577 | | |Subject Title | |Marketing Economics | |Level | |5 | |Credit(s) | |3 | |Mode of Study | |Lecture |42
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1. Introduction and Background of Budget The Capital Budget of the public sector or sometimes also known as Public Budget concerns how the government plans its revenues and expenditures at the Federal level, State level, and Local government level, to carter for the needs of its development programs and projects. In a democratic society, the division of resources between the public and private sectors is roughly determined by the desires of the electorate. But because it’s such a complex and time-consuming
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Jagongo PhD, MKIM2 Abstract The importance of financial stability in enabling an organization to function efficiently and maximize the potential for service delivery cannot be underestimated. The quest for better service delivery under new public management in public organizations in Kenya necessitates the need for public organizations to have proper financial standing in order to run operations and motivate workers through better remuneration as well as improved working conditions. Critique of literature
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financial performance. In some cases, the corporate financial system is a bridge between accounting and management. Rather than focusing solely on the preparation of financial information, financial systems look to gauge performance and make forecasts. Many different financial activities fall under the corporate financial system. Budgets, sales forecasts, profitability measurements, cash flow management, financing decisions and capital structure are just a few of the most common. The department's core
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obstacles and foster bettel global mangement and interculture comunication. International business prescribes the “arena” for international business communication and is shaped by international business transactions and international management. The reason for this is found in the special characteristics of international business transactions. The beginnings of international business transactions were nothing other than trading between cultures and peoples with different commercial practices
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but also the size of the markets being targeted. Additionally, political and economic risk factors are important due to the fact that Elecdyne cannot afford to take high risks. Political risk is the "risk of a change in political institutions stemming from a change in government control, social fabric, or other non-economic factor"; Economic risk is defined as "the potential for detrimental changes in fundamental economic policy goals (fiscal, monetary, international, or wealth distribution or creation)1
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