Brock University ( ) • Business Adminastration
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Well taken notes from the first three weeks of class. Relating to the introduction of IT and IS systems used in management and organizational situations
Introduction to Managerial Economics, Tax, Subsidies, Burden on Consumer and Producer, Ad-Valorem Tax, Free Trade Impacts, Elasticity Lecture Notes Covered.
Discusses market supply and demand, their position, definition, reasoning, and how they shift. Illustrates and numerically describes the impact of taxes and subsidies on producers and consumers. Shows various possibilities of demand elasticities with numerous applications of all possible scenarios that could occur in the economy.
Illustration of tax levied on consumers or producers as well as subsidies.
Week 1 of Managerial Economics, Introduction of supply and demand with illustrations. The reasoning of why supply and demand curves shift and the direction in which they shift.
Week 1 of Managerial Accounting, the introduction of managerial accounting and how it differs from financial accounting.
