The Foundation of Economics
What is Economics?
Economics is the branch of knowledge concerned with
the production, consumption and transfer of wealth.
It is the study of how scarce resources are allocated to
fulfill the infinite wants of consumers.
Nature of Economics
Difficult to Define
Economists like Pareto, Myrdal and
Hutchinson think that any search for a precise
definition of Economics is a barren enterprise
Many economists thought it is needless to
waste words in defin
Introduction to Economics
How we deal with not having
enough of stuff
Food for thought!
By graduating from high school, how much
more money will you make than someone
who doesnt graduate over your lifetime?
$283,500, or about $9,500 a year!
Basic Economic Concepts
Is the study of the choices one makes to
satisfy their insatiable wants
Every Choice is based on an incentive
the motivating factor behind every
choice you make (your choices are
Utility - The personal grati
Basic Economic Analysis
David Epstein, Centre for
Health Economics, York
Resource use and costs
What is economics?
In health care, to allocate av
Chapter 1 & 2
Uncle Sam wants you to
do better in economics.
1. What are the 4 factors of production?
[land, labor, capital, & entrepreneurial ability]
2. What are the 3 basic questions that
determine economic syste
Senior Faculty Member
A social science that studies
and influences human behavior
Economics is the study of what
behavior in the endeavor to
Exercise 3: Rock Cycle and Ocean Sediments (30 points) NAME_
You may use your textbook or a website as a resource, but your answers MUST
BE BRIEF, AND MUST BE IN YOUR OWN WORDS.
Answer with a bold, blue font!
1. Take any Ethiopian based supply chain organizations working to achieve a grand
success, closely examine the factors that would help you to develop a strategy in
Supply Chain Organizations and suggest a specific strategy for that company.
Questionnaire For staffs at ZMH
1. Sex a) Male b) Female
2. Profession: a) Pharmacist b) Druggist c) Nurse d) Other
4. Marital Status: a) Never married b) Married c) Divorced d) Separated e) Widowed
5. Position in organiza
Addis Ababa University
College of Business and Economics
School of Commerce
Distance Education Program
Industrial Operations Management
Mark Allotted: 25 pts
Clearly show the steps you have gone through to get the final ans
Site name: ADEY BESHALE
1st & 2nd Second floor (Two Bed Rooms)
Price = 680,000.00 with V.A.T. =
Inflation is defined as a continuous rise in price levels of goods and services leading to a fall
in currencys purchasing power (Romer, 2012). Stable price level is one of the
manifestations of healthy economy.
No government intervention
the tool of analysis, such as the Flexible prices
Marginal Analysis developed by A. Marshal.
Supply creates its own demand
Equality of savings and investment
(Cups) You're Gonna Miss Me When I'm Gone Lyrics
Anna Kendrick (Pitch Perfect's )
I got my ticket for the long way 'round
Two bottle 'a whiskey for the way
And I sure would like some sweet company
And I'm leaving tomorrow, wha-do-ya say?
Introduction to Consumer Behavior
Defining Consumer Behavior:
Consumer Behaviors is the study of individuals, groups, or organizations and the processes they
use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy n
INTRODUCTION TO ECONOMICS
Academic Year 2011/12
1.1. The Nature and methods of Economic
1.1.1 Definitions, Scope and Nature of
Economics: is a branch of social science which deals
with efficient utilization o
I Basic Concept of Economics
1. Write short notes on the following pair of concepts:
(a) Microeconomics and Macroeconomics
Micro-means small, Microeconomics is the study of small economic units. The field of
microeconomics is concerned with
Introduction of Economics
1. Definition, Scope and Methods of
There is no universally accepted definition for the term Economics.
Nevertheless, many scholars have penned their own definitions.
Chapter Five: Sources and Methods of Data Collection
Primary Data and Their Sources
Primary data are generally information gathered or generated by the researcher for the purposes
of the project immediately at hand. When the data are collected for the fir
Overview of Project Concepts
Copyright ALEMAYEU ME.
Definitions and meanings of project
Characteristics of a project
Projects, plans and programs
Importance and dimensio
Project appraisal - the process of assessing and questioning proposals before resources
Effective project appraisal offers significant benefits to partners and, most importantly, to
local communities. A good appra
Project identification is the first and perhaps, the most crucial stage of both
project cycles. This chapter discusses phases of project identifications, those
who identify project ideas, and how to pri
Chapter Four: The Research Proposal
4.1 Meaning of a Research Proposal
What is a research proposal?
After proper and complete planning of a research, the plan should be written down. The research
proposal is the detailed plan of study. The term "research
Project Preparation (Feasibility study)
Some investment proposals pass through the stage of checking out the feasibility. Large projects usually
need a feasibility test to be carried out before a handsome amount is committed. The strategic c
Introduction to Project Management
Many people and organizations today have a new interest in project management.
Until 1980s, project management primarily focused on providing schedule
and resource data to top management in
Unit-II: Basic Concepts of Macroeconomics
2.1: National Income Account(NIA)
2.1.1:Gross Domestic Product (GDP) and Gross National Product (GNP)
WHAT IS GDP? What is GNP? What is the basic difference between the two?
In the following secti