Principle of Econs Homework - Economics
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3 Sentences of answer per questions. To the point.Principles of Economics
STUDY GUIDE
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Copyright © 2019 Kaplan Singapore. All rights reserved.
i
PRINCIPLES OF ECONOMICS
KHE-LCD-SGD-00040
PRINCIPLES OF ECONOMICS
KHE-LCD-SGD-00040
ii
Kaplan Desired Graduate Attributes
Through the reading of this module, Kaplan
Singapore intends to:
• Instill in students the value of lifelong and self-
directed learning by stimulating intellectual
curiosity, creative and critical thinking and an
awareness of cultural diversity;
• Assist students in developing professional
attributes, ethical values, social skills and
strategies that will nurture success in both their
professional and personal lives;
• Foster integrity, commitment, responsibility and a
sense of service to the community;
• Prepare students to meet the ever-changing
needs of their communities both now and in the
future; and
• Promote innovative and effective teaching.
Culminating from these institutional values and
educational goals, Kaplan Singapore’s Desired
Graduate Attributes are:
Inquiry and criticality: Graduates will be able to
critically collect, evaluate and apply information and
data in order to make decisions in a wide variety of
professional situations. This attribute is demonstrated
when students:
• Undertake, evaluate and apply appropriate
research, theories, concepts and tools to
investigate problems and find solutions;
• Exercise critical thinking and independent
judgement to assess situations and determine
solutions; and
• Have an informed respect for the principles,
methods, values and boundaries of their profession
and the capacity to question these.
Ethicality and discernment: Graduates will be able to
assess situations and respond in an ethically, socially
and professionally responsible manner. This attributed
is demonstrated when students:
• Act responsibly, ethically and with integrity in their
profession;
• Hold personal values and beliefs and participate
in the broad discussion of these values and beliefs
while respecting the views of others;
• Understand the broad local and global economic,
political, social and environmental systems and
their impact as appropriate to their discipline and
profession; and
• Acknowledge personal responsibility for their own
judgments and behaviour
Ability to communicate well: Graduates will
recognise the importance and value of communication
in the learning and professional environment. This
attributed is demonstrated when students:
• Create and present knowledge, arguments and
ideas confidently and effectively using a variety of
methods and technologies;
• Recognise the wide range of possible audiences
for information and respond with communication
strategies appropriate to those audiences; and
• Work collaboratively with people from diverse
backgrounds and be aware of the different roles
of team members and to function wExam Revision Package
Exam Format
Question 1: Topics 3 & 4 (20 marks) Demand and Supply
Question 2: Topics 5 & 6 (15 marks) GDP and Economic Growth
Question 3: Topic 7 (15 marks) Business Cycle, Unemployment and Inflation
Question 4: Topic 8 (15 marks) Fiscal Policy
Question 5: Topics 9 & 10 (15 marks) Market Structure
Total 80 marks
For the exam, no MCQ. All questions require you to either draw (graphs), or answer in no more than three sentences, and perform calculations
Calculators are allowed for the exam
Answer all questions on MS Word. For drawing of graphs, you can draw on a piece of paper, take a picture then upload your answer (drawing) onto MS Word
Closed Book exam
Q1: Demand and Supply (20 marks)
Definition and explanation of key terms (5 marks) e.g. define the law of demand/supply or shortage/surplus/equilibrium.
Plot a demand and supply curve based on data provided and to identify equilibrium price and quantity (5 marks) (Topic 4 Class Activity 2)
Illustrating (drawing) and explaining how certain events might affect the equilibrium price and quantity of a good (10 marks) (Topic 4 Class Activity 3 and pre-lesson demand and supply practice questions)
Q2: GDP and Economic Growth (15 marks)
Definition of key terms (1-2 marks) GDP, Real GDP, Nominal GDP
Explain the expenditure/income approach to calculating GDP (4-5 marks). Expenditure approach = AD. Income approach = Y
AD = C + I + G + (X – M)
Y = rent + wages + interest + profit
Calculation of production indicators (8-10 marks)
Real and Nominal GDP (No need GDP Deflator)
GDP Growth Rate
GDP per Capita
Q3: Business Cycle, Unemployment and Inflation (15 marks)
Definition of different stages of the business cycle, unemployment, different types of unemployment (5-7 marks)
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
Calculation of Labour Market indicators and Inflation Rate (8-10 marks)
Unemployment Rate
Employment-to-Population Rate
Labour Force Participation Rate
Q4: Fiscal Policy (15 marks)
Effects of increase/decrease in Government Expenditure/Taxes on GDP. E.g. How does an increase in Government Expenditure affect the GDP and why?
Very important to remember AD = C + I + G + (X – M)
Application of Discretionary/Automatic Fiscal Policies on Unstable Economies (Recessionary/Inflationary)
Calculation of budget balance and identifying budget status
Budget Balance = Tax Receipts (T) – Government Outlay (G)
Budget Status: Surplus (T>G), Deficit (T<G), Balanced Budget (T=G)
Limitations of Discretionary Fiscal Policy / Methods of funding a budget deficit
Q5: Market Structures (15 marks)
Characteristics on the different market structures AND, I will ask you to compare them between market structures. (8 to 10 marks)
Strategies of different market structures (3 to 4 marks)
Identify which market structure an industry/product belongs to (2 to 3 marks)
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e. Embedded Entrepreneurship
f. Three Social Entrepreneurship Models
g. Social-Founder Identity
h. Micros-enterprise Development
Outcomes
Subset 2. Indigenous Entrepreneurship Approaches (Outside of Canada)
a. Indigenous Australian Entrepreneurs Exami
Calculus
(people influence of
others) processes that you perceived occurs in this specific Institution Select one of the forms of stratification highlighted (focus on inter the intersectionalities
of these three) to reflect and analyze the potential ways these (
American history
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. Also
Numerical analysis
Environmental science
Electrical Engineering
Precalculus
Physiology
Civil Engineering
Electronic Engineering
ness Horizons
Algebra
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Physical chemistry
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When considering both O
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Civil
Probability
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Identify a specific consumer product that you or your family have used for quite some time. This might be a branded smartphone (if you have used several versions over the years)
or the court to consider in its deliberations. Locard’s exchange principle argues that during the commission of a crime
Chemical Engineering
Ecology
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To access the FNU Online Library for journals and articles you can go the FNU library link here:
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In order to
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Key outcomes: The approach that you take must be clear
Mechanical Engineering
Organic chemistry
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Topic
You will need to pick one topic for your project (5 pts)
Literature search
You will need to perform a literature search for your topic
Geophysics
you been involved with a company doing a redesign of business processes
Communication on Customer Relations. Discuss how two-way communication on social media channels impacts businesses both positively and negatively. Provide any personal examples from your experience
od pressure and hypertension via a community-wide intervention that targets the problem across the lifespan (i.e. includes all ages).
Develop a community-wide intervention to reduce elevated blood pressure and hypertension in the State of Alabama that in
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Conclusions
References (8 References Minimum)
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making the appropriate buying decisions in an ethical and professional manner.
Topic: Purchasing and Technology
You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class
be aware of which features their competitors are opting to include so the product development teams can design similar or enhanced features to attract more of the market. The more unique
low (The Top Health Industry Trends to Watch in 2015) to assist you with this discussion.
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Next year the $2.8 trillion U.S. healthcare industry will finally begin to look and feel more like the rest of the business wo
evidence-based primary care curriculum. Throughout your nurse practitioner program
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Understanding Gender Fluidity
Providing Inclusive Quality Care
Affirming Clinical Encounters
Conclusion
References
Nurse Practitioner Knowledge
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The assessment may be re-attempted on two further occasions (maximum three attempts in total). All assessments must be resubmitted 3 days within receiving your unsatisfactory grade. You must clearly indicate “Re-su
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After the components sending to the manufacturing house
1. In 1972 the Furman v. Georgia case resulted in a decision that would put action into motion. Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend
One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard. While developing a relationship with client it is important to clarify that if danger or
Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business
No matter which type of health care organization
With a direct sale
During the pandemic
Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record
3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i
One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015). Making sure we do not disclose information without consent ev
4. Identify two examples of real world problems that you have observed in your personal
Summary & Evaluation: Reference & 188. Academic Search Ultimate
Ethics
We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities
*DDB is used for the first three years
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The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case
4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972)
With covid coming into place
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The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be
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While you must form your answers to the questions below from our assigned reading material
CliftonLarsonAllen LLP (2013)
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The word assimilate is negative to me. I believe everyone should learn about a country that they are going to live in. It doesnt mean that they have to believe that everything in America is better than where they came from. It means that they care enough
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Single Subject Chris is a social worker in a geriatric case management program located in a midsize Northeastern town. She has an MSW and is part of a team of case managers that likes to continuously improve on its practice. The team is currently using an
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3 The first thing I would do in the family’s first session is develop a genogram of the family to get an idea of all the individuals who play a major role in Linda’s life. After establishing where each member is in relation to the family
A Health in All Policies approach
Note: The requirements outlined below correspond to the grading criteria in the scoring guide. At a minimum
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Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change
Read Reflections on Cultural Humility
Read A Basic Guide to ABCD Community Organizing
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