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The great English economist Lionel Robbins define economics as "Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses." This means that economists looks at our limited resources - like money, time, energy, intelligence etc. - and how we decide what the best choices are for how to use them, with the goal of maximizing the benefits. As you can see, this opens up almost all of human activity to study by economics.
For this first assignment you are to describe 3-4 areas of human action not typically associated with economics and how economics can be used to help understand the reasons for the choices made. Along with the text, you are welcome to use any resources you want. Your work should be 3-5 pages long, double spaced, and adhere to APA stands. You have until 3/10 to submit it.
Identify the possible heuristics and/or biases that may have influenced your co-worker's opinion and are there ethical or legal implications from making a hiring decision based on his opinion?
Assess the key elements of Richard Branson's leadership style and the impact that those elements have had on his business success. Provide support for your rationale.
What is the difference between price leadership and price fixing? Should governments allow industries to use price leadership strategies?
Cash flows do not change in year 2. If the interest rate is 12%, what is the present value of the cash flows from the investment?
What are the interests of stakeholders? What is this corporation's social corporate responsibility in this case for the four areas of corporate social responsibility?
Postmodernist literature is stimulating to read because it can have all of the subsequent characteristics EXCEPT-A) Nonlinear constructions and storylines B) Metanarrative
Explain How is building a brand in a business-to-business context different from doing so in the consumer market?
If you were tasked to advise Belarus during this time on the issue of currency restrictions, are there other options that the country could have pursued to try and stabilize the currency and market, even if they still needed to lift restrictions? ..
What type of business combination would result from Parent Company acquiring Sub Company to form Super-Parent Company?
Q1 Briefly describe the cultural factors that affect consumer behaviour with relevant examples. What are the inferences of cultural factors for marketing strategy?
Determine two (2) ways to apply what you learned in this course in your current or a future position. Examine how retailing careers have evolved over time and predict what retailing careers will be like in fifty (50) years.
Team Building and Group Dynamics - What are some recommendations you see considering team identity, learning, core competence, and communication
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