Jul 23rd, 2016
Studypool Tutor
Price: $25 USD

Tutor description

First Semester Examination, 2014-15 MANAGERIAL ECONOMICS

Word Count: 11204
Showing Page: 1/28
. AU-6424M.B.A. (First Semester) Examination, 2014-15MANAGERIAL ECONOMICSModel AnswerSection AMicroeconomics is the study of particular markets, and segments of the economy. It looks atissues such as consumer behaviour, individual labour markets, and the theory of firms.Micro economics is concerned with:Supply and demand in individual marketsIndividual consumer behaviour.Individual labour markets e.g. demand for laborExternalities arising from production and consumption.Macro economics is the study of the whole economy. It looks at aggregate variables, suchas aggregate demand, national output and inflation.Macro economics is concerned with:Monetary / fiscal policy. e.g. what effect does interest rates have on whole economy?Reasons for inflation, and unemploymentEconomic GrowthInternational trade and globalisationReasons for differences in living standards and economic growth between countries.Government borrowing2.Demand ScheduleThe demand schedule illustrates the relationship between price and quantity demanded byusing a table of figures. The demand schedule generally consists of two columns: one forthe price of a product and one for the quantity demanded at that price. The price columndisplays different price levels, arrayed from lowest to highest, or vice versa, while thequantity demanded column displays the quantity of that good or service demanded at eachprice leve

Review from student

Studypool Student
" Top quality work from this guy! I'll be back! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors