BUSI 1001 Lecture Notes - Lecture 2: Oligopoly, Foreign Exchange Controls, Sports Equipment
7 Feb 2017
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Majority questions would be true and false. The other part of the midterm will be short answers that we would be able to choose out of, 3 out of 5. Mostly majority of the questions would be based on the chapters we covered in the textbook. They will not be questions on the cases in the midterms. Macroeconomics; deals with the performance structure, behavior, and decision- making of economies as a whole, rather than individual markets (i. e. , national, regional) There are three types of economics: capitalism, planed economies; There are two types of planned economies. How do you evaluate an economic performance: gdp (gross domestic product)- the sum of all goods and services produced within a county during a specific time period, such as a year. Inflation- rising cause by a combination of extensive consumer demand and higher costs of raw materials, component pars, human recourses, and other factors of production.
