White paper on Effective
Learning and policy tool that can be used in a Business Setting
Rutgers Business School
MBA | Full time Student | Class of 2018
Section 1 - General Information
Assignment 1 | Oil Markets
Managerial Economic Analysis
Assignment 1 Paper on Oil Markets
Instructor: Professor Parul Jain
Viditi Shah | Sindu Parvathaneni | Nagendra Murthy
Rutgers Business School | MBA |Full Time | Class of 2018
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Award: 0 out of 1.00 point
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MC Qu. 116 What is the level of net benets when 20 units ar.
What is th
2010 W. W. Norton & Company, Inc.
Types of Cost Curves
A total cost curve is the graph of a
firms total cost function.
A variable cost curve is the graph of
a firms variable cost function.
An average total cost curve is the
graph of a fi
Book written by Matt Ridley
Two artefacts: cordless computer mouse and an axe from the Middle Stone Age half
million years old
This book is about the rapid continuous and incessant change that human society
experiences in a way that no other animal does.
Chapter 3, Page 63, #17
17. The growth rate of M1 and M2 from 2008- 2009. The growth rate of these two
monetary aggregates do not tend to move together; the timing their rise and fall
has a difference. They both show a higher growth rates in 2008 and in 2
This is due BEFORE our first class on 9/8 read, think, do the graded multiple choice hw (mhw1 under
TESTS&QUIZZES) in sakai, as well as the PRE-TEST AND PRE-SURVEY there.
TIPS FROM FORMER STUDENTS ON HOW TO
Chapter 1 Choice in a World of Scarcity
How individuals make choices based on their budget
The Production Possibilities Frontier and social choices
Confronting objections to the Economic Approach
1. Every choice has a cost. Three critical c
QUESTIONS FOR CLASS (some will be on a future multiple choice HW assignment and on the final
exam) EXPLAIN THE FOLLOWING TO A SMART FRIEND OR ROOMATE WHO KNOWS NOTHING
What is (financial) investing? PURCHASE OF FINANCIAL ASSETS TO EARN RET
Chapter 3 Demand and Supply
Demand, Supply, and Equilibrium in Markets for Goods
Shifts in Demand and Supply for Goods and Services.
Changes in Equilibrium Price and Quantity: The Four Step
Price Ceilings and Price Floor
1. Demand f
Chapter 11 The Aggregate Demand/Aggregate Supply Model
MacroE perspectives on Demand and Supply
Building a Model of Aggregate Supply and Aggregate
Shifts in Aggregate Supply
Shifts in Aggregate Demand
How the AS-AD Model Incorporates Growth,
Chapter 1 Welcome to Economics
What is Economics and why is it important?
Microeconomics and Macroeconomics
How to use theories and models to understand economic
How economies can be organized.
1. Economics is the study of how humans make decision
Kwapis, Prince and Duarte1
Alex Kwapis, Rhonjay Prince, and Pedro Duarte
Dr. Davood Taree
Depression and Recession: A Review of The Great Depression and Various
Recessions of the Past 50 Years
Over the past 50 years, u
1. The market demand curve plots the relationship between the total
quantity demanded and the market price, holding all else equal.(ch4)
2. Shifts of the Demand Curve
Occur when one of the following changes:
1) tastes and preferences
2) income and wealth
Chapter9 Externalities and Public Goods
1. There are important cases in which free markets fail to
maximize social surplus.
2. This chapter discusses three such cases: externalities, public
goods, and common pool resources
3. One common link be
Chapter10 The Government in Economy: Taxation and
1) In the US: governments (federal. State, local) tax citizens and
corporation to correct market failures and externalities, raise
revenues, redistribute funds and finance operations.
Chapter 12 Monopoly
1) Monopoly represents an extreme market structure with a single
2) Monopolies arise both naturally and through government
3) Monopolists are price-makers and produce at the point where
marginal revenue e
Chapter 11 Markets for Factors of Production
1. The three main factors of production are labor, physical capital,
2. Firms derive the demand for labor by determining the value of
marginal product of labor.
3. The supply of labor is determined by
1. Game Theory() : study of strategic interactions. GT is the
study of situations in which the payoffs of one agent depend not only
on his actions, but also on the actions of others. (
2. 3 key elements of any game:
1) The players
2) The stra
1) The production possibilities curve tells us how much we can
produce from existing resources and technology.
2) The basis for trade is comparative advantage.
3) Specialization is based on comparative advantage, not absolute
1. A budget constraint represents the bundles of goods or activities that a
consumer can choose given her limited budget.
2. Free riding occurs when peoples private benefits are out of sync
Example of FR: A neighborhood watch, Public Libraries, National S
1. Opportunity Cost
1st activity cost 3 hours of work
2nd activity cost missing a concert that you have ticket to
3rd activity cost missing the afternoon nap that you take every day
You can compare all the activities after you translate all the
1. Differentiated products: refer to goods that are similar but are not
perfect substitutes. (
2. Homogeneous products: refer to goods that are identical, and so
they are perfect substitutes. (e.g. soybeans grown by different
iii. The proper use of financial resources
Chart E: Instances of non-compliance: Category 3 - the proper use of financial resources from
2006-07 to 2010-11
This category combines all reported instances of non-compliance with sections 14, 15 and 60 of the
Table 1.3: Category 3 (the proper use of financial resources) by portfolio grouping
4.0 percent (608 instances) of all non-compliance related to Category 3 the proper use of financial
resources. Table 1.3 records each portfolio groups share of Category 3.
Title 46, Part XXI
C. A provider may advertise the training as eligible for
continuing education credit in Louisiana only after receiving
approval from the continuing education committee.
Activities Not Acceptable for Continuing
Part 1 reports on instances of non-compliance primarily by type. The combined total of 15,262 reported
instances of non-compliance is presented against the six key categories.
Part 2 reports on instances of non-compliance p
government policies (45 instances of non-compliance):1
cost recovery (1 instance of non-compliance);
indemnities (22 instances of non-compliance);
management of Special Accounts (22 instances of non-compliance); and
Finance Minister's delegation to
The audit report also provides better practice guidance for agencies to apply in their Certificate processes
based on audit findings and feedback provided by external members of audit committees. The suggestions
understanding the requirements of th