Nobody downloaded yet

ECONOMICS FOR MANAGERS - Essay Example

Comments (0) Cite this document
Summary
Firstly the paper intends to elaborate on the factors that affect the demand, supply and price of copper and results to fluctuations. Copper is an important material that influences the economy to a…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
ECONOMICS FOR MANAGERS
Read TextPreview

Extract of sample "ECONOMICS FOR MANAGERS"

Download file to see previous pages Hence, a graphical representation of the price of copper is to be elaborated since 2008 to 2014 to understand the economic facets that affect the price considerably. Contextually, copper is traded in the commodity market and it is used immensely in the everyday lives of people. The fluctuation in the copper prices helps in indicating the state of the economy at large in the global platform. The price of copper is linked with various economic variables (ABN AMRO, 2014; ECORYS, 2012). In this section, the paper intends to evaluate the reasons using economic analysis for the price fluctuations and its impact.
Firstly, demand is linked with the requirements of the consumers for a particular product. The demand theory finds a strong relation amid product requirement and price. This theory is elaborated through the help of the diagram below:
It is observed that if the purchasing power is high, then the demand increases and likewise, the price get affected. Therefore, in the context of demand it can be stated that various factors affect the price of copper in the economy including the demand and supply of copper and the commodity market influences.
Secondly, another aspect is the supply theory, which is also linked with the quantity demanded and supplied. Alteration in the price of goods such as copper also affects its supplied quantity. This is depicted through the diagram below:
In relation to the demand and supply theory, it can be stated that copper depicts volatility in the market affecting its price based on the demand and supply of the commodity (Knittel & Pindyck, 2013).
In this context, it is vital to state that copper is regarded as luxurious, because of its high demand and supply factor. It is a fact that copper is obtained through mining and it is expensive, because of its rare availability. However, it is easier to get recycled copper at a cheaper price, as it is attained from old and new ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“ECONOMICS FOR MANAGERS Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
ECONOMICS FOR MANAGERS Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/macro-microeconomics/1688332-economics-for-managers
(ECONOMICS FOR MANAGERS Essay Example | Topics and Well Written Essays - 1500 Words)
ECONOMICS FOR MANAGERS Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/macro-microeconomics/1688332-economics-for-managers.
“ECONOMICS FOR MANAGERS Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/macro-microeconomics/1688332-economics-for-managers.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF ECONOMICS FOR MANAGERS

Economics for managers

...? Economics for managers Table of Contents Answer to Question 3 Answer to Question b) 5 References 7 Bibliography 7 Answer to Question GDP figures provide only a partial answer to the degree of well-being in a given society. These statistics are insufficient in the sense that they are incapable of measuring the degree of inequality that exists in a nation and also the amount of development that the economy has undergone. GDP figures are aggregate facts of a nation which specify the total output that the economy has produced in a given span of time, but they do not hint towards the discrepancy in standard of living in the society. However, GDP gives a hunch about the improving position of the economy at a...
6 Pages(1500 words)Essay

Economics for transport managers

...important to economic growth because of its relation to levels of investment i.e. an increase in productive wealth requires that some people refrain from consuming all their income and therefore make their savings available for future investment. National savings can be termed as being the sum of personal savings, business savings, and state savings. Businesses do save when all their profits are not distributed. These sums are however usually quite small when seen on a macroeconomic scale. Many states often run public budget deficits, such that they rather dis-save. All this would facts lead to the conclusion that personal savings are by far the largest and most important constituent of national savings. Savings can also...
9 Pages(2250 words)Essay

Managers

... Planning, organizing, leading, and controlling are the universally accepted four core functions of management. Each of these functions contributes in its own individualistic way to fulfill the requirements of management. Integration of these four functions into daily management is fundamental to the individual and organizational success. This paper aims at investigating the role of each of the four management functions in the daily managerial work. Functions of Management: Managers use the four functions of management, namely planning, organizing, leading and controlling on a daily basis to accomplish tasks. The role of each of the four management functions in the daily managerial work is discussed below. Planning is necessarily... ...
2 Pages(500 words)Essay

Project Managers and Functional Managers

...to bring in various resources, people skills, and different perspectives to accomplish his task. Hence, the project manager finds ways to make everything work together. This is synthesis (Meredeth & Mantel, 2011). Skills and Competencies of Project Managers Traditionally, the skills required for project managers to be effective were financial and schedule management skills, leadership skills, and technical skills in the area of the project (Flannes & Levin, 2005). An examination of these skills in the context of the projects under implementation for the 2012 London Olympic shows that they are still necessary. Finances management is important because of...
4 Pages(1000 words)Essay

Growing Managers

... Growing Managers What does Richardson think makes a good manager? According to Richardson, a good manager is the one who has the interests of both the employees and the customers at heart. Having the customers’ interests at heart involve satisfying their needs and demands. As for employees who are now her team members, Richardson thinks they need to be constantly motivated and appreciated in order to improve performance. This is reflected by her thoughts on sharing ice-cream and pizza with her team members on a Saturday afternoon while celebrating their success (Booth and Karen 3). She also has the idea of having an open communication channel with them when team building and even during office hours’ time to remove animosity... . What is the...
5 Pages(1250 words)Essay

Managers

...MILLS, Albert J. (2002). Gender, Identity and the Culture of Organizations. Routledge LEATHERS, Charles G. (2001). Telecommuting: The New Wave of Workplace Technology Will Create a Flood of Change in Social Institutions. Journal of Economic Issues Vol. 35 HALACHMI, Arie. (1996). Organizational Performance and Measurement in the Public Sector: Toward Service, Effort and Accomplishment Reporting. Quorum Books KHOURY, Sarkis J. (1990). The Deregulation of the World Financial Markets: Myths, Realities, and Impact. Quorum Books FONSECA, Jose. (2002). Complexity and Innovation in Organizations. Routledge OSTERYOUNG, Jerome. (1992). Financial Ratios in Large Public and Small Private Firms. Journal of Small Business...
6 Pages(1500 words)Thesis

Nurse Managers

...). Modern healthcare systems focus on reducing cost while improving the quality of care (McCarthy 1997). To meet these demands, nurses and nurse managers need to be flexible, and should have multiple abilities to manage changing responsibilities and tasks (Rafferty 1993). They need to manage budgets, information and planning in a managerial climate that strives for cost effectiveness, efficiency and specific patient related productivity as well as outcomes that are politically and economically driven (McCarthy 1997). This is in addition to the requirement that nurse managers are clinically expert and work at the bedside if required. It is evident that...
10 Pages(2500 words)Assignment

Modern Managers

...58, 1-19. Gales, L. and R. Blackburn (1990). "An Analysis of the Impact of Supplier Strategies and Relationships on Small Retailer Actions, Perceptions, and Performance," Entrepreneurship Theory and Practice 15(1), 7-21. Gassenheimer, J., and R. Calantone (1994). "Managing Economic Dependence and Relational Activities Within a Competitive Channel Environment," Journal of Business Research 29, 189-197. Goldberg, V. (1976). "Regulation and Administered Contracts," Bell Journal of Economics 7, 130-142. Gundlach, G., and P. Murphy (1993). "Ethical and Legal Foundations of Relational Marketing Exchanges," Journal of Marketing 57, 35-46. Han, S.L., D.T. Wilson, and S.P. Dant (1993)....
6 Pages(1500 words)Essay

Global Managers

...of corporate objectives. The role of top management has not changed--it is just that when they do meet around a table, they may not be all of one nationality. They may not even meet around a table. Teleconferencing can electronically create a conference without the physical presence of the participants. Modern means of communications can tie together the top management team no matter where they are located. The orientation of top management may not be bound by the political or economic considerations of any one nation. The quintessential American company, Coca-Cola, has banned the words "domestic" and "foreign" from corporate communication. Although Americans are still...
21 Pages(5250 words)Essay

Economics for Managers Japan Case

...Economics for Managers – Japan Case Summarize the key message of this article After a long decade of deflationary problem in Japan, the country finally faces inflation. However, this inflation is not the type the country has long wanted for its economy: this sort is of a cost-push variety, instead of the demand-pull. The cost-push inflation Japan faces currently is due to the rising prices of commodities around the globe. With the rice of fuel prices and primary goods such as rise, the rise in the costs of production has increased too. While the country wants the deflationary problem to stop, and years for some inflation, this sort of inflation further frustrates the economy and keeps the country’s...
11 Pages(2750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic ECONOMICS FOR MANAGERS for FREE!

Contact Us