TAILIEUCHUNG - Lecture Managerial economics: Chapter 29 - Dr. Hasnain Naqvi

In this chapter provides knowledge of money. The contents of this chapter include all of the following: What is money? Medium of exchange, unit of account, store of value, forms of money, how do we measure money? Determination of interest rates,. | MONEY What is Money? 3 Distinguishing Features of Money: .Medium Of exchange .Unit of Account .Store of Value Medium of Exchange Facilitates efficient economic transactions Advantage over Barter Economy: Double Coincidence of Wants Not Necessary Promotes Specialization & Division of Labor Unit of Account Measure of Value in the Economy Common Yardstick to Value Different Goods and Services Store of Value Enables agents to shift consumption across time, ., save now, consume later. Other financial & Non-financial assets may also have this property. Money is distinguished by its Liquidity. Money is unattractive as a store of value in an inflationary environment. Forms of Money Commodity Money: Money that is inherently valuable, ., Gold & Silver Paper Money: Initially paper money used to be convertible into an equivalent amount in precious metals. More recently, no such convertibility : fiat money. Checkable Deposits: Convenient, Safe & Useful for Large Transactions Electronic .

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Economic principles
• Kinh tế học quản lý
• Fundamentals of managerial economics
• Forms of money
• Market interactions
• Marginal analysis
• Marginal benefit
• Price discrimination
• Monopolistic competition
• Oligopoly games
• Traditional oligopoly models
• Capital market
• Labour market
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Scatter diagram
• Monetary policy
• Perfect competition
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production