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Search results “Practices of economic analysis”
Environmental economics: Principles, practices, and FAQs
 
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In this lecture, Dr. Jim Boyd presents an overview of the philosophical foundations of economics, theories for setting market values, and perceptions of non-economists to economic research and analysis. He starts with highlighting three key theoretical assumptions made by economists, that individuals are self-interested, rational actors and work toward maximizing benefits. He stresses that economics is not just about maximizing money or profits, and emphasizes the balance of efficiency and equity that underlies economic analysis. He then presents the basic building blocks of economic analysis, supply and demand curves, and notes that there are many examples of economic activity where these curves and the preferences they reflect are not sufficient to explain empirical outcomes. He ends with discussion of public goods and ways to understand human decision-making that is less than optimal from an economic viewpoint. More information on the Immersion Program and other lectures can be found here: http://www.sesync.org/for-you/educator/programs/immersion.
Views: 1144 sesync annapolis
Intro to Economics: Crash Course Econ #1
 
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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3422589 CrashCourse
Economic Analysis of the Solar Industry
 
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(October 28, 2009) Annie Hazlehurst, graduate student at the Stanford Graduate School of Business and in the E-IPER program, discusses the current state and future of the solar photovoltaic industry from an economic and business perspective with a specific focus on when the price of photovoltaic-generated electricity will be competitive with other generation methods. Stanford University http://www.stanford.edu Stanford Graduate School of Business http://gsb.stanford.edu/ Emmett Interdisciplinary Program in Environment and Resources http://e-iper.stanford.edu/ Stanford University Channel on YouTube: http://www.youtube.com/stanford
Views: 16300 Stanford
Monopolies and Anti-Competitive Markets: Crash Course Economics #25
 
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What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 465850 CrashCourse
Micro Unit 1 Summary- Basic Economic Concepts
 
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The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe. The Ultimate Review Packet https://www.youtube.com/watch?v=SxBL54a3-QQ Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 732901 Jacob Clifford
Local Economic Development Analysis, Practices, and Globalization
 
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Get this documents: -- Local Economic Development Analysis, Practices, and Globalization -- free access to all collection for 30 days http://cool-websites.org
Views: 17 Manuel Hill
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1561575 CrashCourse
Comparative Advantage Practice
 
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If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, calculate opportunity cost, identify which country has a comparative advantage, and find a terms of trade that both countries would voluntarily agree to. The second half of the video is an additional practice questions where I quickly go over the answers. I also added the answers below if you are in a hurry. Thank you for watching, please subscribe. Additional Multiple Choice Questions https://www.youtube.com/watch?v=WLfOZz-_JMY&t=6s Unit 1 Summary Video (includes quick and dirty trick) https://www.youtube.com/watch?v=JBHbwtzHfDg ANSWERS Situation #1 (5:30) The US can produce 20 planes or 2 cruise ships France can produce 12 planes or 2 cruise ships -The US has an ABSOLUTE ADVANTAGE in planes -Neither has an ABSOLUTE ADVANTAGE in cruise ships -For the US, 1 plane costs 1/10 cruise ship and 1 ship costs 10 planes -For France, 1 plane costs 1/6 cruise ship and 1 ship costs 6 planes -US has COMPARATIVE ADVANTAGE in planes -France has COMPARATIVE ADVANTAGE in cruise ships -Terms of trade: 1 Cruise Ship for 7 Planes Situation #2 (11:12) Korea can produce 3 cars or 9 motorcycles Germany can produce 4 cars or 8 motorcycles -Germany has an ABSOLUTE ADVANTAGE in cars -Korea has an ABSOLUTE ADVANTAGE in motorcycles -For Korea, 1 car costs 3 motorcycles and 1 motorcycle costs 1/3 car -For Germany, 1 car costs 2 motorcycles and 1 motorcycle costs 1/2 car -Germany has COMPARATIVE ADVANTAGE in cars -Korea has COMPARATIVE ADVANTAGE in motorcycles -Terms of trade: 1 Car for 2.5 Motorcycles Situation #3 (13:22) Japan can produce 4 laptops or 12 phones Brazil can produce 1 laptops or 5 phones -Japan has an ABSOLUTE ADVANTAGE in laptops -Japan has an ABSOLUTE ADVANTAGE in phones -For Japan, 1 laptop costs 3 phones and 1 phone costs 1/3 laptop -For Brazil, 1 laptop costs 5 phones and 1 phone costs 1/5 laptop -Japan has COMPARATIVE ADVANTAGE in laptops -Brazil has COMPARATIVE ADVANTAGE in phones -Terms of trade: 1 Laptop for 4 Phones Situation #4 (16:08) Cuba takes 4hrs to make a TV and 12hrs to make salsa Mexico takes 1hr to make a TV and 5hrs to make salsa -Mexico has an ABSOLUTE ADVANTAGE in TVs -Mexico has an ABSOLUTE ADVANTAGE in Salsa -For Cuba, 1 TV costs 1/3 salsa and 1 salsa costs 3 TVs -For Mexico, 1 TV costs 1/5 salsa and 1 salsa costs 5 TVs -Mexico has COMPARATIVE ADVANTAGE in TVs -Cuba has COMPARATIVE ADVANTAGE in salsa -Terms of trade: 1 salsa for 2.5 TVs Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Follow me on Twitter https://twitter.com/acdcleadership
Views: 207798 Jacob Clifford
Elon Musk's Basic Economics
 
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Get your custom domain at http://hover.com/wendover Check out Joseph from Real Life Lore's book: http://amzn.to/2laZBie Subscribe to this new channel from Wendover Productions: https://www.youtube.com/halfasinteresting Check out my podcast with Brian from Real Engineering: https://itunes.apple.com/us/podcast/showmakers/id1224583218?mt=2 (iTunes link) https://www.youtube.com/channel/UC_10vJJqf2ZK0lWrb5BXAPg (YouTube link) Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Animation by Josh Sherrington (https://www.youtube.com/heliosphere) Sound by Graham Haerther (http://www.Haerther.net) Thumbnail by Joe Cieplinski (http://joecieplinski.com/) Elon Musk Photo 1 courtesy Heisenberg Media SpaceX footage courtesy SpaceX Tesla footage courtesy Tesla Music: "Under Suspicion" by Lee Rosevere and "Euphoric" by Sound of Picture Big thanks to Patreon supporters: Kevin Song, Kevin Song, David Cichowski, Andy Tran, Victor Zimmer, Paul Jihoon Choi, Dylan Benson, M van Kasbergen, Etienne Dechamps, Adil Abdulla, Arunabh Chattopadhyay, Ieng Chi Hin, Ken Rutabana, John Johnston, Connor J Smith, Rob Harvey, Arkadiy Kulev, Hagai Bloch Gadot, Aitan Magence, Eyal Matsliah, Sihien Goh, Joseph Bull, Marcelo Alves Vieira, Hank Green, Plinio Correa, Brady Bellini
Views: 3222341 Wendover Productions
Using Function Points For Economic Analysis Of Software Methodologies
 
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This webinar with Capers Jones shows how standard "test beds" using function points can be used to evaluate software methods. The webinar describes a standard analytic approach for evaluating the effectiveness of emerging technologies on software development and maintenance productivity and on software quality. Capers also discusses uses of function points for portfolio analysis, backlog analysis, mergers, and outsource agreements. Subscribe to the ITMPI to access over 1000+ hours of on demand, PDU approved webinars: http://www.itmpi.org/subscribe Free membership gives you access to over 150 live, PDU approved, educational broadcasts throughout the year at www.itmpi.org/webinars Premium membership gives you unlimited access -- for a period of one whole year -- to over 1000+ hours of archived PDU approved recordings at www.itmpi.org/library Use coupon code YOUTUBE during checkout to reduce your premium membership price from $199 per year to $99 per year. That's a $100 discount. And that's $99 for unlimited PDUs for ONE WHOLE YEAR! CONNECT WITH US: Google+ - http://bit.ly/13TR5FU Facebook - http://www.facebook.com/ITMPI Twitter - http://www.twitter.com/ITMPI LinkedIN - http://linkd.in/1tKbrOB Pinterest - http://www.pinterest.com/itmpi/ ABOUT US: The IT Metrics and Productivity Institute (ITMPI) is an organization dedicated to best practices education in IT management, project management, and software development. Our mission is to pull together the expertise and educational efforts of the world's leading IT thought leaders and to create a single online destination where IT practitioners and executives can meet all of their educational and professional development needs. We also have created the largest repository of high quality, PDU and CDU approved, online education in the world. ABOUT THE PRESENTER: Capers Jones is co-founder, Vice President and Chief Technology Officer of Namcook Analytics LLC. Namcook Analytics builds patent-pending advanced risk, quality, and cost estimation tools. The web site is www.Namcook.com. Until co-founding Namcook Analytics LLC in 2011 he was the president of Capers Jones & Associates LLC from 2000 through 2011. He is also the founder and former chairman of Software Productivity Research LLC (SPR). He holds the title of Chief Scientist Emeritus at SPR. Capers Jones founded SPR in 1984. Before founding SPR Capers was Assistant Director of Programming Technology for the ITT Corporation at the Programming Technology Center in Stratford, Connecticut. He created the first software measurement program at ITT. Capers Jones was also a manager and software researcher at IBM in California where he designed IBM’s first software cost estimating tools in 1973 and 1974. In total Capers Jones has designed seven proprietary software estimation tools and four commercial software estimation tools. Capers Jones is a well-known author and international public speaker. Some of his books have been translated into five languages. His four most recent books are The Economics of Software Quality, Addison Wesley 2011; Software Engineering Best Practices, McGraw Hill 2010; Applied Software Measurement 3rd ed. McGraw Hill 2008; and Estimating Software Costs 2nd ed. McGraw Hill 2007. His next book will be his 15th. This new book will be The Technical and Social History of Software Engineering, to be published by Addison Wesley in the autumn of 2013. Among his older book titles are Patterns of Software Systems Failure and Success (Prentice Hall 1994), Software Quality: Analysis and Guidelines for Success (International Thomson 1997), and Software Assessments, Benchmarks, and Best Practices (Addison Wesley Longman 2000). Capers and his colleagues have collected historical data from thousands of software projects, hundreds of corporations, and more than 30 government organizations. This historical data is a key resource for judging the effectiveness of software process improvement methods. The data includes results from 34 software development methods such as Agile, Iterative, waterfall, RUP, TSP, Prince2, and also many hybrids. This data is also widely cited in software litigation in cases where quality, productivity, and schedules are part of the proceedings.
Python for Economists: An overview of Python tools for Economists
 
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Gary Hlusko http://www.pyvideo.org/video/3702/python-for-economists-an-overview-of-python-tool http://pyohio.org/schedule/presentation/167/ Python has developed applications in GIS, text analysis, networks, statistics, csv manipulation, data analysis, data mining and simulations. Despite this, there are few references for using python as an economist. This talk provides an introduction to economic tools using python. I conclude with python in data analysis and future projects for economists using python.
Views: 3594 Next Day Video
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 931754 CrashCourse
Economics - Pedagogical Practices and Universal Design
 
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Pedagogical Practices and Universal Design in College Economics: Teaching Diverse Learners
Views: 659 Landmark College
Forestry Economics: Optimal Rotation Age (Part 1)
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. The Forestry Economics series will look at what influences the decision of when to cut down a forest and the non-market values that should be considered to create an economically efficient system. This video looks at the factors involved in deciding when to harvest a given stand of trees and what the crop rotation period should be. Topics covered include stumpage value, growth rate, maximum sustainable revenue, average and incremental growth, and opportunity cost. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
Pricing Strategies (Chapter 10) - Economic Analysis for Managers | Business Economics
 
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Pricing Strategies for the Firm (Chapter 10) - Economic Analysis for Managers | Business Economics. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: https://www.youtube.com/channel/UCuBvNmo-Q42RPTisa-b1_-w?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: The course is about the major economic decisions and what are the major concepts to be kept in mind for doing analysis at the managerial level like Demand, Supply and equilibrium, elasticities, Production and cost Analysis, Market structure, Pricing Strategies for the Firm, The Aggregate Model of the Macro Economy. Course Objectives: This course enables the student to: 1. Understand how markets operate, including the role of competitive market forces affecting consumer demand and producer supply and their influence on prices. 2. Understand the effects on firm pricing strategies and other firm conduct and performance of various industry market structures. 3. Understand the role of influences affecting aggregate expenditure on goods and service, including the role of central bank and financial markets. 4. Understand international balance of payment issues and their impact on foreign markets and exchange rates. 5. Be able to integrate microeconomic and macroeconomic concepts to analyze the local and international industries. 6. Be able to develop a competitive strategy in a global economy. Learning Outcomes: After completing this course a student will be able to: 1. Be able to integrate microeconomic and macroeconomic concepts to analyze the local and international industries. 2. Be able to develop a competitive strategy in a global economy. 3. Analyze the efficient ways of scarce resources. 4. To have a complete understanding of demand and supply and its estimation. 5. Can analyze the short run and long run production function. 2 | P a g e 6. Elaborate the concept of opportunity cost and its use to analyze different investment alternatives. 7. The Economic problem of allocation and distribution of resources. 8. Describe and analyze the total revenue, average and marginal revenue. 9. Discuss total cost and its different features. 10. Discuss different examples related to this market structure. 11. To understand and apply the measurement of GDP and its components. 12. Be able to use of economic indicators to forecast and set the economic trend. 13. Be able to understand and analyze the role of money in economic growth. 14. To develop the business strategies keeping the government policies and their impact on it, i.e. monetary and fiscal impacts. 15. To use the effective and flexible policies under different exchange rate regimes. Course Contents: Topics to be covered: Pricing Strategies for the Firm: Markup Pricing Optimal Markups Studies of Markup Pricing Markup Pricing Examples Price Discrimination Requirements for Successful Price Discrimination First Degree Price Discrimination Second Degree Price Discrimination Third Degree Price Discrimination Price Discrimination - Versioning Price Discrimination - Bundling Price Discrimination: Coupons and Sales - Promotional Pricing Price Discrimination: Two - Part Pricing
Views: 806 Get Knowledge
Bank Balance Sheets Practice- Macro 4:13
 
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In this video I explain what a bank balance sheet is and help you practice calculating the reserve ratio, the required reserves, the excess reserves, and the total change in the money supply. Remember that the total change in the money supply changes depending on if the money is deposited or if it is added via open market operations. It would probably be best to stop reading this and, instead, start practicing bank balance sheets. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 91359 Jacob Clifford
LAWSG102: The Role of Economics in Competition Law & Practice // Professor Ioannis Lianos
 
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The objective of this course, organised by the UCL Centre for Law, Economics and Society, is to introduce the economic theories that underlie competition law and the methods that are used to assess whether business practices are nefarious, benign, or healthy as well as to examine the methods and procedures devised by regulatory authorities and courts in order to evaluate and use this economic evidence. The course will have a strong practical component as it will examine through case studies the interaction of lawyers and economists in the implementation of competition law.
Views: 2090 UCL LAWS
Bourdieu - simple explanation
 
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Simple overview of Bourdieu's field theory. For a recent paper on the use of a specially-designed "Bourdieu Game" to help students understand this theory, go to http://is.gd/4Eu3Jt
Views: 322052 Cheryl Reynolds
Micro 2.12- Maximizing Utility Practice and the Law of Diminishing Marginal Utility
 
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Want to know the longest wait time? Scroll to the bottom of this description to find out. Hey students. This video is designed to help you calculate and apply marginal utility and marginal utility per dollar. Many teachers and professors ask questions that require you to determine the utility maximizing combination with two goods. Be sure to try the practice free response question below as well as the study guides in my Ultimate Review Packet. Thanks for watchig. Practice Question with Answers: https://goo.gl/arwNno Economics of Disneyland: https://goo.gl/xyZDuR According to my research, the longest wait at a Disney theme park was 7 HOURS for Guardians of the Galaxy- Mission: Breakout! What do you think? Let me know.
Views: 30756 Jacob Clifford
Economic Factors and Business Reporting
 
01:33:47
Who: Series 7, Series 65, Series 66 Candidates What: Economic indicators, fiscal and monetary policy, balance of payments, balance of trade, strength of the US Dollar, etc., as well as financial statements and 10K, 10Q, and 8K filings. Check out the rest of our classes at http://www.examzone.com/ezQuickCalendar
Views: 9587 Examzone
Benefit Cost Analysis - Fundamentals of Engineering Economics
 
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http://www.EngineerInTrainingExam.com In this tutorial, we will reinforce your understanding of Benefit Cost Analysis. We will begin by defining Benefit Cost Analysis, discuss the general work flow, and then run through an example of something we may see on the exam.
Pricing Strategies
 
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Economies of Scale: https://youtu.be/gckmLtA4kwc Different pricing strategies. Premium pricing. Price Skimming. Penetration pricing. Everyday low pricing(EDLP) High-Low Pricing Strategy.
Views: 2996 FST Study
Oligopoly (Chapter 9) - Economic Analysis for Managers | Business Economics
 
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Oligopoly (Chapter 9) - Economic Analysis for Managers | Business Economics. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: https://www.youtube.com/channel/UCuBvNmo-Q42RPTisa-b1_-w?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: The course is about the major economic decisions and what are the major concepts to be kept in mind for doing analysis at the managerial level like Demand, Supply and equilibrium, elasticities, Production and cost Analysis, Market structure, Pricing Strategies for the Firm, The Aggregate Model of the Macro Economy. Course Objectives: This course enables the student to: 1. Understand how markets operate, including the role of competitive market forces affecting consumer demand and producer supply and their influence on prices. 2. Understand the effects on firm pricing strategies and other firm conduct and performance of various industry market structures. 3. Understand the role of influences affecting aggregate expenditure on goods and service, including the role of central bank and financial markets. 4. Understand international balance of payment issues and their impact on foreign markets and exchange rates. 5. Be able to integrate microeconomic and macroeconomic concepts to analyze the local and international industries. 6. Be able to develop a competitive strategy in a global economy. Learning Outcomes: After completing this course a student will be able to: 1. Be able to integrate microeconomic and macroeconomic concepts to analyze the local and international industries. 2. Be able to develop a competitive strategy in a global economy. 3. Analyze the efficient ways of scarce resources. 4. To have a complete understanding of demand and supply and its estimation. 5. Can analyze the short run and long run production function. 2 | P a g e 6. Elaborate the concept of opportunity cost and its use to analyze different investment alternatives. 7. The Economic problem of allocation and distribution of resources. 8. Describe and analyze the total revenue, average and marginal revenue. 9. Discuss total cost and its different features. 10. Discuss different examples related to this market structure. 11. To understand and apply the measurement of GDP and its components. 12. Be able to use of economic indicators to forecast and set the economic trend. 13. Be able to understand and analyze the role of money in economic growth. 14. To develop the business strategies keeping the government policies and their impact on it, i.e. monetary and fiscal impacts. 15. To use the effective and flexible policies under different exchange rate regimes. Course Contents: Topics to be covered: Examples of Oligopolistic Industries Oligopoly Models Noncooperative Oligopoly Models Kinked Demand Curve Game Theory Models Dominant Strategies and the Prisoner’s Dilemma Prisoner’s Dilemma – Dominant Strategy Nash Equilibrium Strategic Entry Deterrence Predatory Pricing Cooperative Oligopoly Models Cartels - Examples Cartel Behavior Success in Cartels Tacit Collusion Practices that facilitate tacit collusion
Views: 307 Get Knowledge
China is involved in predatory economic practices: Sen. Young
 
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Sen. Todd Young, (R-Ind.), on President Trump's nomination of Brett Kavanaugh to the Supreme Court, NATO and mounting trade feuds.
Views: 2534 Fox Business
Costs of Production- Microeconomics 3.3 (Part 1)
 
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In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next video-drawing the cost curves https://www.youtube.com/watch?v=qYKJdooEnwU Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294
Views: 870990 Jacob Clifford
AGF HSTU Documentary
 
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"Identification and economic analysis of existing agroforestry practices in the northern region of Bangladesh for better agroforestry practices" Principal Investigator Professor Dr. Md. Shoaibur Rahman Department of Agroforestry and Environment Hajee Mohammad Danesh Science and Technology University, Dinajpur-5200
Views: 182 Md. Shoaibur Rahman
#34, Forms of market ( Micro economics - Class 11 and 12)
 
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Class 12 microeconomics.... Market... Forms of market..... Perfect competition.... Monopoly competition..... Contact for my book ..7690041256... Economics on your tips video...34 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 468387 Economics on your tips
Range of Practices and Issues in Economic Capital Modeling
 
01:29:55
Training on Range of Practices and Issues in Economic Capital Modeling by Vamsidhar Ambatipudi
Supply and Demand - Chapter 3 | Managerial Economics
 
06:12
Supply and Demand - Chapter 3 | Managerial Economics. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: This course will t each students how to make decisions regarding price, production, investments and various other economic parameters by using different mathematical tools. The course is consisting of theory of consumer behavior, theory of firm, investment, capital formation and input-out model. A study of the various ways in which microeconomic principles and quantitative tools can be used to a id managers in making sound decisions. Topics include forecasting consumer demand, production and cost analysis, optimal pricing and production decisions, optimal hiring and investment decisions, and capital budgeting. Course Objective: The main objective of this course is to teach students how to use some advance mathematical technique for economic analysis. Students will learn how to apply an appropriate mathematical procedure/tool to solve an economic problem and how to perform proper mathematical analysis. They will be taught how, in terms of economics, business firms make decisions on price, output, investment and related matters and some of the consequences of such decisions. The course provides a unifying theme of managerial decision making around the theory of the firm. It examines the process whereby a firm can r each optimal managerial decisions in the face of constraints in today’s dynamic market. It covers a variety of topics such as demand Analysis, Estimation and forecasting, market structure, production and cost analysis, pricing practices, economic optimization and risk analysis. Learning Outcomes: At the end of this course it is expected that the student should be able to: 1. Understand the key role of managers in decision making. 2. Understand a broad range of economic concepts and theories f or managerial decisions. 3. Explain economic goals and optimal decision making. 4. Understand the importance of elasticity concept to a producer as they depend on consumer’s demand. 5. Analyze the effect of different types of elasticity on producer’s total revenue. 6. Analyze the nature and operation of different markets, and explain the implications of different market structures 7. Critically assess the rationale f or government involvement in the growth of different sectors. 8. Discuss the concept of efficiency and equity in an economy. 9. Analyze firm’s decision making process. 10. Examine how a firm achieves its aims and objectives most efficiently by using derivatives. 11. Optimization of cost, revenue and profit with the help of theory of cost and production. 12. Illustrate how economic changes affect a firm’s ability to earn an acceptable return and meet the challenges of the risk of businesses. 13. Formulate p rice strategies in different markets by u sing elasticity and optimization techniques. 14. Become confident in making managerial decisions using linear programming. Topic to be Covered: Market demand & Supply (its equilibrium) Consumer's spending and Producer's income Supply, demand, and price: the managerial challenge Comparative statics analysis Short-run analysis & Long-run analysis
Views: 5011 Get Knowledge
Shifting Demand and Supply- Econ 2.3
 
04:50
In this video I explain what happens to the equalibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the thrid video in the playlist so make sure that you know how to draw and shift demand and supply before you watching this video. Please leave a comment and subscribe. Demand Video https://www.youtube.com/watch?v=LwLh6ax0zTE Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 742996 Jacob Clifford
Open Source Study: Analytics, Economics & Best Practices
 
01:01:59
October 10, 2007 lecture by Dirk Riehle for the Stanford University Computer Systems Colloquium (EE 380). This talk discusses the economics driving stakeholder behavior in the open source ecosystem, presents selected analytical results of how open source works (or doesn't) and takes a look at how companies can benefit from employing open source best practices internally. EE 380 | Computer Systems Colloquium: http://www.stanford.edu/class/ee380/ Stanford Computer Systems Laboratory: http://csl.stanford.edu/ Stanford Center for Professional Development: http://scpd.stanford.edu/ Stanford University Channel on YouTube: http://www.youtube.com/stanforduniversity/
Views: 4682 Stanford
Adventures in Agriculture: Experimental modelling for economic analysis
 
24:02
Helen Goodchild University of York The modelling of agriculture is a complex discipline, and it is therefore not surprising that the multitude of techniques currently applied to modern, very detailed datasets, have not been explored in more depth in terms of their applicability to the past. Methods such as Ecological Niche Modelling, Agro-Ecological Zoning, Habitat Suitability Modelling, and more, reflect the diversity of approach taken by geographers to either measure or predict human productive output. This paper will present some recent experiments (some successful, some not-so successful) in applying modern agronomic and climate modelling techniques, and discuss the potentials and limitations of using these methods to investigate economic strategies in relation to agricultural and pastoral practices in the past.
Economic Development --  new strategies and best practices
 
01:34:05
This session co-sponsored by CSMFO and Cal-ICMA Coaching Programs provides the latest best practices for economic development in local government.
Views: 1469 CSMFOcoaching
Capital Budgeting Lecture in 10 min., Capital Budgeting Techniques Decisions NPV Net Present Value
 
09:54
Clicked here http://www.MBAbullshit.com/ and OMG wow! I'm SHOCKED how easy.. No wonder others goin crazy sharing this??? Share it with your other friends too! http://www.youtube.com/watch?v=QRh0tiG2lVk Fun MBAbullshit.com is filled with easy quick video tutorial reviews on topics for MBA, BBA, and business college students on lots of topics from Finance or Financial Management, Quantitative Analysis, Managerial Economics, Strategic Management, Accounting, and many others. Cut through the bullshit to understand MBA!(Coming soon!)
Views: 244155 MBAbullshitDotCom
India's Economic Problems explained in detail | Arthakranti curbs corrupt practices
 
05:00
In this presentation root all the problems have been dealt in very detailed manner and at the end given solution for the same. Please join Arthakranti Pratishthan and spread the word further.
Views: 120 RAGAZ
Market Structures | Price-Output Determination under Perfect Competition in the Short Run
 
36:53
Managerial Economics; Management; Market Structures | Price-Output Determination under Perfect Competition ; Introduction- 00:00:00- 00:00:12 What is a Market? - 00:00:13- 00:00:59 Market Structures- 00:01:00- 00:07:33 *What are the different market structures? - Perfect competition - Imperfect competition- monopoly, monopolistic competition, and oligopoly *What are the characteristics of these market structures? *What are homogenous products? *Various methods of marketing under different market structures How are the Market Structures Differentiated? - 00:07:34- 00:10:56 *What does the degree of competition imply? *Classifying above mentioned market structures on the basis of degree of competition (0-1) Price and Output Determination in Market Structures – 00:10:57- 00:36:52 *Price and output determination under perfect competition *What are the fundamental characteristics of perfect competition? *What is a market period? *How is the concept of the market period used in determining price in a very short run analysis? *How is the price determined under very short run when the supply remains constant? *What is 'demand derived price'? *How is the price determined under very short run where the supply changes? *What is 'supply determined price'? *How the firm can adjust its output in a short run where the price is given? *How to determine the level of output to be supplied by making use of the short run curves? *How to find the profit-maximizing level of output? *How to decide whether the firm is making profit or in loss? Video by Edupedia World (www.edupediaworld.com), Free Online Education; Click here https://www.youtube.com/playlist?list=PLJumA3phskPFwp2XXInxCWpv28nPMimDU for more videos on Managerial Economics; All Rights Reserved.
Views: 20792 Edupedia World
Knowledge Sharing Webinar Series: Economic Analysis of Investment Projects
 
52:36
Kee-Yung Nam shares his insights towards developing a common understanding of economic analysis methodologies and applications to evaluate the rationale, purpose and justification of investment projects.
Taxes on Producers- Microeconomics 2.11 ACDC Econ
 
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I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.
Views: 568066 Jacob Clifford
Demand Estimation and Forecasting - Chapter 5 | Managerial Economics
 
13:01
Demand Estimation and Forecasting - Chapter 5 | Managerial Economics. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: This course will t each students how to make decisions regarding price, production, investments and various other economic parameters by using different mathematical tools. The course is consisting of theory of consumer behavior, theory of firm, investment, capital formation and input-out model. A study of the various ways in which microeconomic principles and quantitative tools can be used to a id managers in making sound decisions. Topics include forecasting consumer demand, production and cost analysis, optimal pricing and production decisions, optimal hiring and investment decisions, and capital budgeting. Course Objective: The main objective of this course is to teach students how to use some advance mathematical technique for economic analysis. Students will learn how to apply an appropriate mathematical procedure/tool to solve an economic problem and how to perform proper mathematical analysis. They will be taught how, in terms of economics, business firms make decisions on price, output, investment and related matters and some of the consequences of such decisions. The course provides a unifying theme of managerial decision making around the theory of the firm. It examines the process whereby a firm can r each optimal managerial decisions in the face of constraints in today’s dynamic market. It covers a variety of topics such as demand Analysis, Estimation and forecasting, market structure, production and cost analysis, pricing practices, economic optimization and risk analysis. Learning Outcomes: At the end of this course it is expected that the student should be able to: 1. Understand the key role of managers in decision making. 2. Understand a broad range of economic concepts and theories f or managerial decisions. 3. Explain economic goals and optimal decision making. 4. Understand the importance of elasticity concept to a producer as they depend on consumer’s demand. 5. Analyze the effect of different types of elasticity on producer’s total revenue. 6. Analyze the nature and operation of different markets, and explain the implications of different market structures 7. Critically assess the rationale f or government involvement in the growth of different sectors. 8. Discuss the concept of efficiency and equity in an economy. 9. Analyze firm’s decision making process. 10. Examine how a firm achieves its aims and objectives most efficiently by using derivatives. 11. Optimization of cost, revenue and profit with the help of theory of cost and production. 12. Illustrate how economic changes affect a firm’s ability to earn an acceptable return and meet the challenges of the risk of businesses. 13. Formulate p rice strategies in different markets by u sing elasticity and optimization techniques. 14. Become confident in making managerial decisions using linear programming. Topic to be Covered: Regression analysis Hazards with use of regression analysis Identification problem, Multicollinearity problem, & Autocorrelation problem Subjects of forecasts Prerequisites of a good forecast Forecasting techniques (i.e. Time series analysis etc.)
Views: 11657 Get Knowledge
Sediment Management Webinar: Economics of Sustainable Reservoir Sediment Management
 
59:30
By Dr. Rollin H. Hotchkiss, P.E. The application of traditional economic analysis methods to dam and reservoir construction can lead to inter-generational inequities. This is because reservoir sedimentation can eventually lead to large dam decommissioning costs and because of the scarcity of suitable dam and reservoir sites. This webinar will illustrate the limitations of current economic analyses and how they can be modified to ensure sustainable reservoir sediment management practices. Innovative financial instruments and economic evaluations will be explained. Dr. Rollin H. Hotchkiss is a professor and Chair of the Civil and Environmental Engineering department at Brigham Young University. He is a core member of the International Sediment Initiative sponsored by UNESCO, a member of the National Reservoir Sedimentation and Sustainability Team, chair of the ASCE-EWRI Task Committee on Reservoir Sediment Management and chair of the Environmental Advisory Board of the Chief of the U.S. Army Corps of Engineers. Dr. Hotchkiss has authored or co-authored more than 150 technical papers and was the 2017 recipient of the American Society of Civil Engineers Hydraulic Structures Medal. This event is part of a series of webinars on reservoir sedimentation, sponsored in part by the CIRES Education & Outreach group and the CIRES Western Water Assessment group, focused on reservoir sedimentation and sustainability. Organizers are part of the Subcommittee on Sedimentation’s National Reservoir Sedimentation and Sustainability Team, presenting sustainable solutions to reservoir sediment management. The full list of upcoming and recorded webinars as well as professional development hour certificates can be found at this link: Announcing the Reservoir Sedimentation Management Webinar Series: https://cires.colorado.edu/news/announcing-reservoir-sedimentation-management-webinar-series
Views: 106 CIRESvideos
The Firm and its Goals - Chapter 2 | Managerial Economics
 
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The Firm and its Goals - Chapter 2 | Managerial Economics. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: This course will t each students how to make decisions regarding price, production, investments and various other economic parameters by using different mathematical tools. The course is consisting of theory of consumer behavior, theory of firm, investment, capital formation and input-out model. A study of the various ways in which microeconomic principles and quantitative tools can be used to a id managers in making sound decisions. Topics include forecasting consumer demand, production and cost analysis, optimal pricing and production decisions, optimal hiring and investment decisions, and capital budgeting. Course Objective: The main objective of this course is to teach students how to use some advance mathematical technique for economic analysis. Students will learn how to apply an appropriate mathematical procedure/tool to solve an economic problem and how to perform proper mathematical analysis. They will be taught how, in terms of economics, business firms make decisions on price, output, investment and related matters and some of the consequences of such decisions. The course provides a unifying theme of managerial decision making around the theory of the firm. It examines the process whereby a firm can r each optimal managerial decisions in the face of constraints in today’s dynamic market. It covers a variety of topics such as demand Analysis, Estimation and forecasting, market structure, production and cost analysis, pricing practices, economic optimization and risk analysis. Learning Outcomes: At the end of this course it is expected that the student should be able to: 1. Understand the key role of managers in decision making. 2. Understand a broad range of economic concepts and theories f or managerial decisions. 3. Explain economic goals and optimal decision making. 4. Understand the importance of elasticity concept to a producer as they depend on consumer’s demand. 5. Analyze the effect of different types of elasticity on producer’s total revenue. 6. Analyze the nature and operation of different markets, and explain the implications of different market structures 7. Critically assess the rationale f or government involvement in the growth of different sectors. 8. Discuss the concept of efficiency and equity in an economy. 9. Analyze firm’s decision making process. 10. Examine how a firm achieves its aims and objectives most efficiently by using derivatives. 11. Optimization of cost, revenue and profit with the help of theory of cost and production. 12. Illustrate how economic changes affect a firm’s ability to earn an acceptable return and meet the challenges of the risk of businesses. 13. Formulate p rice strategies in different markets by u sing elasticity and optimization techniques. 14. Become confident in making managerial decisions using linear programming. Topic to be Covered: The firm Economic goal of the firm Goals other than profit Do companies maximize profits? Maximizing the wealth of stockholders Economic profit Economic Value Added & Market Value Added
Views: 6547 Get Knowledge
The Nature and Scope of Managerial Economics - Chapter 1 | Managerial Economics
 
05:22
The nature and scope of Managerial Economics - Chapter 1 | Managerial Economics. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: This course will t each students how to make decisions regarding price, production, investments and various other economic parameters by using different mathematical tools. The course is consisting of theory of consumer behavior, theory of firm, investment, capital formation and input-out model. A study of the various ways in which microeconomic principles and quantitative tools can be used to a id managers in making sound decisions. Topics include forecasting consumer demand, production and cost analysis, optimal pricing and production decisions, optimal hiring and investment decisions, and capital budgeting. Course Objective: The main objective of this course is to teach students how to use some advance mathematical technique for economic analysis. Students will learn how to apply an appropriate mathematical procedure/tool to solve an economic problem and how to perform proper mathematical analysis. They will be taught how, in terms of economics, business firms make decisions on price, output, investment and related matters and some of the consequences of such decisions. The course provides a unifying theme of managerial decision making around the theory of the firm. It examines the process whereby a firm can r each optimal managerial decisions in the face of constraints in today’s dynamic market. It covers a variety of topics such as demand Analysis, Estimation and forecasting, market structure, production and cost analysis, pricing practices, economic optimization and risk analysis. Learning Outcomes: At the end of this course it is expected that the student should be able to: 1. Understand the key role of managers in decision making. 2. Understand a broad range of economic concepts and theories f or managerial decisions. 3. Explain economic goals and optimal decision making. 4. Understand the importance of elasticity concept to a producer as they depend on consumer’s demand. 5. Analyze the effect of different types of elasticity on producer’s total revenue. 6. Analyze the nature and operation of different markets, and explain the implications of different market structures 7. Critically assess the rationale f or government involvement in the growth of different sectors. 8. Discuss the concept of efficiency and equity in an economy. 9. Analyze firm’s decision making process. 10. Examine how a firm achieves its aims and objectives most efficiently by using derivatives. 11. Optimization of cost, revenue and profit with the help of theory of cost and production. 12. Illustrate how economic changes affect a firm’s ability to earn an acceptable return and meet the challenges of the risk of businesses. 13. Formulate p rice strategies in different markets by u sing elasticity and optimization techniques. 14. Become confident in making managerial decisions using linear programming. Topic to be Covered: Economics and managerial decision making Economics of a business The four-stage model Review of economic terms Economic decisions of the Firm Different Graphs and Curves Importance of Economics in our life
Views: 45970 Get Knowledge
Demand Elasticity - Chapter 4 | Managerial Economics
 
05:52
Demand Elasticity & its Application - Chapter 4 | Managerial Economics. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: This course will t each students how to make decisions regarding price, production, investments and various other economic parameters by using different mathematical tools. The course is consisting of theory of consumer behavior, theory of firm, investment, capital formation and input-out model. A study of the various ways in which microeconomic principles and quantitative tools can be used to a id managers in making sound decisions. Topics include forecasting consumer demand, production and cost analysis, optimal pricing and production decisions, optimal hiring and investment decisions, and capital budgeting. Course Objective: The main objective of this course is to teach students how to use some advance mathematical technique for economic analysis. Students will learn how to apply an appropriate mathematical procedure/tool to solve an economic problem and how to perform proper mathematical analysis. They will be taught how, in terms of economics, business firms make decisions on price, output, investment and related matters and some of the consequences of such decisions. The course provides a unifying theme of managerial decision making around the theory of the firm. It examines the process whereby a firm can r each optimal managerial decisions in the face of constraints in today’s dynamic market. It covers a variety of topics such as demand Analysis, Estimation and forecasting, market structure, production and cost analysis, pricing practices, economic optimization and risk analysis. Learning Outcomes: At the end of this course it is expected that the student should be able to: 1. Understand the key role of managers in decision making. 2. Understand a broad range of economic concepts and theories f or managerial decisions. 3. Explain economic goals and optimal decision making. 4. Understand the importance of elasticity concept to a producer as they depend on consumer’s demand. 5. Analyze the effect of different types of elasticity on producer’s total revenue. 6. Analyze the nature and operation of different markets, and explain the implications of different market structures 7. Critically assess the rationale f or government involvement in the growth of different sectors. 8. Discuss the concept of efficiency and equity in an economy. 9. Analyze firm’s decision making process. 10. Examine how a firm achieves its aims and objectives most efficiently by using derivatives. 11. Optimization of cost, revenue and profit with the help of theory of cost and production. 12. Illustrate how economic changes affect a firm’s ability to earn an acceptable return and meet the challenges of the risk of businesses. 13. Formulate p rice strategies in different markets by u sing elasticity and optimization techniques. 14. Become confident in making managerial decisions using linear programming. Topic to be Covered: The economic concept of elasticity The price elasticity of demand The Income elasticity & Cross elasticity of demand Cobweb theorem: An introduction Other elasticity measures & global application Elasticity of supply Illustrate by using practical examples & mathematical interpretation
Views: 3388 Get Knowledge
Economic Impact of Sustainable Building Practices
 
07:14
It seemed as though sustainability took a back seat to more inexpensive practices as we drug through the great recession. Our panel of experts in the construction and architectural fields explain the economic impact of sustainable building practices.
Macro Unit 2.1- GDP and Economic Growth
 
03:38
In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product. Thanks for watching, please subscribe If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 378828 Jacob Clifford

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