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Share Loading the player Although they are often taught and presented as separate disciplines, economics and finance are interrelated and inform and influence each other.
Investors care about these studies because they also influence the markets to a great degree. Economics What Is Economics? Although labeled a "social science" and often treated as one of the liberal arts, modern economics is in fact often very quantitative and heavily math-oriented in practice.
There are two main branches of economics: Just as macroeconomics focuses on how the aggregate economy behaves, microeconomics focuses on the smaller factors that affect choices made by individuals and companies. If a manufacturer raises the prices of cars, microeconomics says consumers will tend to buy fewer than before.
If a major copper mine collapses in South America, the price of copper will tend to increase, because supply is restricted. How Is Economics Useful? When economists succeed in their aims to understand how consumers and producers react to changing conditions, economics can provide powerful guidance and influence to policy-making at the national level.
Economics can also help investors understand the potential ramifications of national policy and events on business conditions. Microeconomics could help an investor see why Apple Inc. Microeconomics could also explain why a higher minimum wage might force a company to hire fewer workers.
Finance What Is Finance?
Finance in many respects is an offshoot of economics. How Is Finance Useful? Acquiring and managing debt properly can help a company expand and ultimately become more profitable. Apart from the finance industry itself, a degree in finance can be a pathway to senior management of companies and corporations.
It can also be argued that finance affects the markets with a seemingly constant stream of new products. Although many derivatives and advanced financial products have been maligned in the wake of the Great Recessionmany of these instruments were designed to address and solve market demands and needs.
For a more in-depth look into finance, please read " Is Finance an Art or a Science? Historically, economics has been more theoretical and finance more practical, but this has changed in the last 20 years.Financial information must be processed in order for business to be conducted.
3 Discuss the importance of financial information in healthcare organisations. credit assessment. Q. Business owners and organization leaders spend a significant amount of time and effort making sure they have the appropriate accounting practices in place.
credit ratings. due to the constantly changing regulations and . DESCRIPTION. Spring Get solved assignments at nominal price of Rs each. Mail us at: [email protected] or contact at , Master of Business Administration-. SMU MBA FALL – MH – Finance, Economics and Planning in Healthcare Services.
MH–Finance, Economics and Planning in Healthcare-4 Credits (Book ID: B) Assignment (60 Marks) Note: Answer all questions must be written within to words each. Sep 04, · MH–Finance, Economics and Planning in Healthcare-4 Credits (Book ID: B) Assignment (60 Marks) Note: Answer all questions must be written within to words each.
Each Question carries 10 marks 6 X 10= Q1. Give an account of the incentives available to healthcare sector under the Income Tax Act. Answer. Spring Get solved assignments at nominal price of Rs each. Mail us at: [email protected] or contact at , Master of Business Administration-.