Sunday 28 August 2011

MANAGERIAL ECONOMICS

:
           Managerial Economics and Business Economics are the two terms which, at times, have been used interchangeably. The term managerial Economics has become more popular and seems to displace progressively the term Business Economics..


Decision Making and Forward Planning:
         Decision Making the process of selecting one action from two or more alternative Course of action.
             Forward Planning means establishing plans for the future.

Scope of Managerial Economics  

             1).Demand Analysis and Forecasting
             2). Cost and Production Analysis
             3). Pricing Decisions, Policies, and Practices
             4). Profit management
             5). Capital Management









Friday 26 August 2011

WORLD FAMOUS ECONOMIST

ADAM SMITH
Adam Smith, the world's most famous, indeed the father of modern economics, was born in 1723 in the small town of Kirkcaldy, just north of Edinburgh, Scotland.
His father died before he was born, and Adam Smith was reared by his mother, retaining a life-long loyalty and devotion to her. He never married and spent most of his life living with and caring for his mother, who lived to be ninety.

The Wealth Of Nations which first made Smith’s reputation, but a book on ethics, The Theory Of Moral Sentiments. Once again, Smith looks to social psychology to discover the foundation of human morality. Human beings have a natural ‘sympathy’ for others. That enables them to understand how to moderate their behaviour and preserve harmony. And this is the basis of our moral ideas and moral actions.

AMARTYA SEN

One of India's greatest pioneers in social theories, Amartya Sen is the name who revolutionized the image of Indian society with his socio-economic policies. Better known for his contributions in classifying the reasons for famine that affected the country post-Independence, Amartya Sen forwarded feasible solutions to curb effectively the crisis that once plagued the nation. A Ph.D. in economics, Sen extensively researched on various problems affecting the socially backward communities.

Professor Sen has researched and written books in a number of wide-ranging fields, including economics, philosophy, decision theory and social choice theory. His work has covered welfare economics, theory of measurement, development economics, moral and political philosophy and the economics of peace and war. Professor Sen's books, which have been translated into many languages, and include the Identity of Violence: The Illusion of Destiny, Rationality and Freedom, Collective Choice and Social Welfare, On Economic Inequality, Poverty and Famines, Choice, Welfare and Measurement, Resources, Values and Development, On Ethics and Economics, The Standard of Living, Inequality Reexamined and Development as Freedom.

Rajiv Chandrasekaran
Rajiv chandrasekaran is an Indian-American journalist. He is currently the National Editor of The Washington Post, where he has worked since 1994. Originally from the San Francisco Bay area, Chandrasekaran holds a degree in political science from Stanford University, where he was editor-in-chief of The Stanford Daily.

His first book is Imperial Life in the Emerald City: Inside Iraq's Green Zone published in 2006, which won the 2007 Samuel Johnson Prize and was a finalist for the 2006 National Book Awards for non-fiction. The film Green Zone (2010) is "credited as having been 'inspired by" the book.

Wednesday 24 August 2011

PERSONAL FINANCE




Retirement:


           There is still a considerable gap between what people are saving and what they should be saving to be able to retire comfortably.





People with planners happier about their finances

                    Many people believe they don’t need a financial planner because they can manage their own finances, but research shows that those who use an adviser have a higher level of satisfaction with their overall financial position.

  

Med schemes likely to survive until NHI is up

                   The government released its much- anticipated green paper on National Health Insurance (NHI) this week, but details on how your healthcare cover may shape up in future remain blurry.
In the absence of a clear picture, some industry commentators see opportunity, whereas others have a more cautious view.

 

Tuesday 23 August 2011

GLOBAL ECONOMY IS DANGEROUSLY CLOSE TO RECESSION











Global Economy
 



Recession 2011
New Delhi: India weathered the 2008 crisis well, but there are fears that this time round the country is not even ready for a crisis of much lesser magnitude, let alone a full-blown debt default in Europe or a possible US recession. Weak finances, persistently high inflation and policy inertia have considerably weakened the government's position today

Gold Rush

GOLD RUSH: Thai customers queue to buy gold at a jewellery shop in Bangkok on August 9, 2011. The price of gold struck a record high above 1,700 USD an ounce on August 8 with dealers flocking to the safe haven metal as Asian stocks tumbled.
 

Economy – overview


                            1980 – 1990 - United States and Japan lead expansion


                            1990 – 2000 - United States dominates expansion


                            2000 – 2006 – United States still leads, but China is catching up


                            2007 – China leads expansion


                            2008 – credit crisis begins


                            2009 – credit crisis spreads


                            2010 – recovery
              
                            2010 – 2016 The BRICs lead economic growth.

INDIAN BANKING

Banking Sectors in India

Monday 22 August 2011

Best Stock Tips


STOCK EXCHANGE




Scrip Code Company %chg
511367 CANAAN INT I
industry: finance
impact cost: 0.00%
listing date:02/05/2000
147.68
530259 inter State Oil
industry: surface transportation
impact cost: 0.16%
listing date:NA
19.95
522183 ITL Inds-$
industry :industrial machinary
impact:9.12%
listing date:04/06/2001
19.15
530365 Orient Cerm-$
industry: Furniture,Furnishing,Paints
impact:5.98%
listing date:30/07/2001
18.60





  1. gainers
  2. Losers

  3. Advances / Declines

  4. Spurt in Volume New

  5. Circuit Summary

  6. Circuit Filter

  7. New Highs / Lows

  8. Top Turnovers

  9. Top Volumes

  10. VaR / EL Margin

Stock Exchanges are structured marketplace where affiliates of the union gather to sell firm's shares and other securities. India Stock Exchanges can either be a conglomerate/ firm or mutual group. The affiliates act as intermediaries to their patrons or as key players for their own accounts.




Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper money. Modern traders instead generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.



The United Stock Exchange of India (USE) is an Indian stock exchange. It is the fourth pan India exchange to be launched for trading financial instruments in India over the last 140 years. USE has received final approval from the market regulator SEBI to start currency futures trading. USE represents the commitment of ALL 21 Indian public sector banks, private banks and corporate houses to build an institution of standing.



Sunday 21 August 2011

Consumer Price Index

economics today

Consumer Price Index







Price Changes


8:30: Consumer Price Index (April): Higher core. We expect another unfriendly CPI report this month. Specifically, we forecast that the all-items CPI rose by 0.39% mom in April, and that the core increased by 0.19% mom. Our forecast for an acceleration in the core (after a gain of 0.14% in March) primarily reflects higher apparel and medical care inflation. If our forecast is correct, year-over-year economic growth in the core CPI would rise to 1.3%
On headline, GS: +0.39%; median forecast (of 76): +0.4%; last +0.55%.
On core, GS: +0.19%; median forecast (of 77): +0.2%; last +0.14%.