PPT-Unit 2- Economic Decision Making

Why Capitalism Works httpwwwyoutubecomwatchvw6adVQrSUAc Prager University George Gilder social critic and author Notes Know that capitalism is an economic paradigm here the capacity to produce goods and. SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. How does the Government make . d. ecisions?. Tom . Worsley. Visiting Fellow. 15. th. April. The Question. Are the decisions made by Government;. Transparent?. Logical?. Consistent?. Accountable?. Chapter 1—Section 2--- pages 12-17. Section 2 Objectives. understand why choice is at the heart of economics . explain how incentives and utility influence people’ economic choices. consider the role of trade-offs and opportunity costs in making economic choices. Prof. Dr. . . Y. İlker TOPCU. www.ilkertopcu.. net. . www.. ilkertopcu. .org. . www.. ilkertopcu. .. info. facebook.com/. yitopcu. . twitter.com/. yitopcu. instagram.com/. yitopcu. Credits: 3+0. Test Review. What is any reward or benefit that motivates people to do something. Incentive. What is a factor or disadvantage that discourages people from doing something?. Disincentive. What is a tool used to choose among alternatives; weighing the cost of a product or service against the benefit(s) it will provide?. SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. Lauren . Reinerman. -Jones, Grace . Teo. , and . Avonie. Parchment. “Why do leaders fail? They make poor choices that lead to bad decisions. And in some cases they compound bad decision upon bad decision. You cannot separate leadership from . Learning Outcomes. Identify the steps in the decision-making process. Describe various models of decision making. Discuss the individual influences that affect decision making. Explain how groups make decisions. of North Florida. All rights reserved. . Cost Terminology. Managerial Accounting. Prepared by Diane Tanner. University of North Florida. Chapter 2. 2. What is a . Cost. ?. Asset . Expected to provide future economic benefits (not used up). Decision . Making Styles. Planful. – A step-by-step process is used to identify alternatives and to choose one.. Painful – A lot of time and energy are spent, but a choice is not made.. Impulsive – A choice is made without adequately finding alternatives or collecting information about the self and alternatives.. Statin Choice Decision Aid Share-Decision Making SCIP Shared Decision Making Shared Decision Making Glasziou and Haynes ACP JC 2005 Promote a process where patients and clinicians make a choice together. Chapter 9. THIRD EDITION. ECONOMICS. and. MICROECONOMICS. Paul Krugman | Robin Wells. Why good decision making begins with accurately defining costs and benefits. The importance of . implicit. as well as . Week -1. Prepared by: Dr . Waqar. Ahmad, . Asstt. . Prof.. Learning Objectives. What is Economics?. What is managerial Economics?. To analyze the concept of economics- scarcity and efficiency?. Micro Economics and macro economics?. Neil Harrison. University of Sussex. Formerly: Institute of Cognitive Neuroscience . & Wellcome Trust Centre for Neuroimaging. Multiple decision making systems. What happens when one or other breaks down?.