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Showing posts with label Engineering Economics Note. Show all posts
Showing posts with label Engineering Economics Note. Show all posts
Wednesday, November 16, 2016
Economics Chapter-1 Introduction to Economics
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| Economics Definition |
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| Microeconomics Definition |
Positive Economics:
It means what is going on or what is actual situation.
It means what is going on or what is actual situation.
Normative Economics:
It means that what should be or what ought to be.
Fallacy:
Fallacy means wrong idea or motion.
- Post hoc fallacy.: after this because of this
- Fallacy of composition.
- When an event occurred after another event, it means first event caused for the 2nd event.
- What is true for a part that also true for whole and what is true for whole that also true for a part.
Tuesday, November 15, 2016
Law of Demand as text
Law of Demand:
Other things remaining the same, If price of the commodity decreases.
Conversely, If price of the commodity decreases, demand for the commodity increases.
Exceptional Law of Demand:
- Veblen goods/commodity: Increasing price and increasing Demand.
- Expensive cars.
- Antic piece
Example:
- Spoil fish
- Thick cloth
Supply in Economics
Supply in Economics
Definition:
Supply of specific commodity.When we consider a supplier supplies product or commodity it means that.
- The supplier has the technology to produce the commodity.
- The supplier ensures profit by selling the commodity.
- Price of the commodity.
- Price of Raw materials.
- Expected future price.
- Technological Improvement.
- Number of suppliers.
- Price of related goods.
Demand in Economics
Chapter-2 Demand
Demand:
In General science, Demand means willingness to get something are eagerness to get something.
In Economics sense,
- Willingness or eagerness to get something
- Ability to pay
- Definite plan to buy something
Factor / Determinants of affecting Quantity Demand:
- Price of the Commodity
- Income
- Price of related goods (pre)
- They are mainly two types:
- Complementary goods :
One is depend to other element which known as a complementary goods.
e.g.,
- Mobile battery
- Car- petrol
- Machine - Oil etc.
The relationship between price and quantity demand is always negative for complementary goods.
- Substitute goods:
Substitute goods are two goods that could be used for the same purpose. If the price of one good increases, then demand for the substitute is likely to rise. Therefore, substitutes have a positive cross elasticity of demand.
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- They are mainly two types:
- Complementary goods :
One is depend to other element which known as a complementary goods.
e.g.,- Mobile battery
- Car- petrol
- Machine - Oil etc.
The relationship between price and quantity demand is always negative for complementary goods. - Substitute goods:
Substitute goods are two goods that could be used for the same purpose. If the price of one good increases, then demand for the substitute is likely to rise. Therefore, substitutes have a positive cross elasticity of demand.
- Complementary goods :
Monday, November 14, 2016
GED 101 (Economics) Course Syllabus for Department of Computer Science and Engineering
GED 101 (Economics) Course Syllabus
Department of Computer Science and Engineering
Green University of Bangladesh
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| Course Description 1 |
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| Course Description 2 |
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| Course Description 3 |
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| Marks Distribution |
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| Mid Exam Syllabus 1 |
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| Mid Exam 6-7 chapter after then Final exam Syllabus 1 |
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| Final exam Syllabus 2 |
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| Final exam Syllabus 3 |
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| GED 101 Required Test |
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