diff --git a/content/uninotes/et-dcm1107-unit1/live.md b/content/uninotes/et-dcm1107-unit1/live.md index a96606e..8b76d17 100644 --- a/content/uninotes/et-dcm1107-unit1/live.md +++ b/content/uninotes/et-dcm1107-unit1/live.md @@ -11,9 +11,57 @@ url = '/uninotes/s1/et-dcm1107/unit1/live/' uniturl = '/uninotes/s1/et-dcm1107/unit1/' +++ -### ***April 9, 2026*** +### ***April 5, 2026*** ## Course Objectives A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools. B) Examine cost and revenue structures of firms. + +## Definition of Economics by various individuals + +A) Wealth Definition by Adam Smith. +B) Welfare Definition by Alfred Marshall. +C) Scarcity Definition by Robbins. +D) Growth Defintion by Samuelson. + +## Nature + +### A) Economics as a Science + +1. Positive (what is, based on data and logic) +2. Normative (what ought to be, opinions, judgements) + +### B) Economics as an Art + +1. Pure (what ought to be, ideals and goals) +2. Applied (real world, how to implement) + +### A) Described Economics as a Science + +1. Focuses on laws and cause-and-effect relationships (e.g Law of Demand). +2. Models to predict economic outcomes. +3. Data analysis, observation, hypothesis. +4. Real-world evidence. +5. Deductive and Inductive reasoning. + +* Limitaion: Human behaviour involved. + +## Methods + +A) Inductive (specific -> general). +B) Deductive (general -> specific). + +### A) Inductive + +1. Real-world observation, identify problem. +2. Collect data, analyze and find patterns. +3. Formulate and test generalisations. + +### B) Deductive + +1. Identify the general problem. +2. Assumptions, formulate hypothesis. +3. Verify using data. + + diff --git a/docs/index.xml b/docs/index.xml index 4b42495..709405b 100644 --- a/docs/index.xml +++ b/docs/index.xml @@ -47,12 +47,48 @@ E) Dynanic.</p> </h2><p>A) Interdependance.<br> B) Input-Process-Output Model.<br> C) Open System.<br> -D) Dynamic Nature.</p>Unit 1https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/<h3 class="heading" id="april-9-2026"> - <em><strong>April 9, 2026</strong></em><span class="heading__anchor"> <a href="#april-9-2026">#</a></span> +D) Dynamic Nature.</p>Unit 1https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/<h3 class="heading" id="april-5-2026"> + <em><strong>April 5, 2026</strong></em><span class="heading__anchor"> <a href="#april-5-2026">#</a></span> </h3><h2 class="heading" id="course-objectives"> Course Objectives<span class="heading__anchor"> <a href="#course-objectives">#</a></span> </h2><p>A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.<br> -B) Examine cost and revenue structures of firms.</p>Unit 1https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/<h3 class="heading" id="april-5-2026"> +B) Examine cost and revenue structures of firms.</p> +<h2 class="heading" id="definition-of-economics-by-various-individuals"> + Definition of Economics by various individuals<span class="heading__anchor"> <a href="#definition-of-economics-by-various-individuals">#</a></span> +</h2><p>A) Wealth Definition by Adam Smith.<br> +B) Welfare Definition by Alfred Marshall.<br> +C) Scarcity Definition by Robbins.<br> +D) Growth Defintion by Samuelson.</p> +<h2 class="heading" id="nature"> + Nature<span class="heading__anchor"> <a href="#nature">#</a></span> +</h2><h3 class="heading" id="a-economics-as-a-science"> + A) Economics as a Science<span class="heading__anchor"> <a href="#a-economics-as-a-science">#</a></span> +</h3><ol> +<li>Positive (what is, based on data and logic)</li> +<li>Normative (what ought to be, opinions, judgements)</li> +</ol> +<h3 class="heading" id="b-economics-as-an-art"> + B) Economics as an Art<span class="heading__anchor"> <a href="#b-economics-as-an-art">#</a></span> +</h3><ol> +<li>Pure (what ought to be, ideals and goals)</li> +<li>Applied (real world, how to implement)</li> +</ol> +<h3 class="heading" id="a-described-economics-as-a-science"> + A) Described Economics as a Science<span class="heading__anchor"> <a href="#a-described-economics-as-a-science">#</a></span> +</h3><ol> +<li>Focuses on laws and cause-and-effect relationships (e.g Law of Demand).</li> +<li>Models to predict economic outcomes.</li> +<li>Data analysis, observation, hypothesis.</li> +<li>Real-world evidence.</li> +<li>Deductive and Inductive reasoning.</li> +</ol> +<ul> +<li>Limitaion: Human behaviour involved.</li> +</ul> +<h2 class="heading" id="methods"> + Methods<span class="heading__anchor"> <a href="#methods">#</a></span> +</h2><p>A) Inductive (specific -&gt; general).<br> +B) Deductive (general -&gt; specific).</p>Unit 1https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/<h3 class="heading" id="april-5-2026"> <em><strong>April 5, 2026</strong></em><span class="heading__anchor"> <a href="#april-5-2026">#</a></span> </h3><h2 class="heading" id="characteristics-of-management"> Characteristics of Management<span class="heading__anchor"> <a href="#characteristics-of-management">#</a></span> diff --git a/docs/uninotes/s1/et-dcm1107/index.xml b/docs/uninotes/s1/et-dcm1107/index.xml index 6754e27..0584c2a 100644 --- a/docs/uninotes/s1/et-dcm1107/index.xml +++ b/docs/uninotes/s1/et-dcm1107/index.xml @@ -1,6 +1,42 @@ -ET DCM1107 on Freedoms4https://freedoms4.org/uninotes/s1/et-dcm1107/Recent content in ET DCM1107 on Freedoms4Hugoen-usyour-email@example.com (Freedoms4)your-email@example.com (Freedoms4)Unit 1https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/<h3 class="heading" id="april-9-2026"> - <em><strong>April 9, 2026</strong></em><span class="heading__anchor"> <a href="#april-9-2026">#</a></span> +ET DCM1107 on Freedoms4https://freedoms4.org/uninotes/s1/et-dcm1107/Recent content in ET DCM1107 on Freedoms4Hugoen-usyour-email@example.com (Freedoms4)your-email@example.com (Freedoms4)Unit 1https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/<h3 class="heading" id="april-5-2026"> + <em><strong>April 5, 2026</strong></em><span class="heading__anchor"> <a href="#april-5-2026">#</a></span> </h3><h2 class="heading" id="course-objectives"> Course Objectives<span class="heading__anchor"> <a href="#course-objectives">#</a></span> </h2><p>A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.<br> -B) Examine cost and revenue structures of firms.</p> \ No newline at end of file +B) Examine cost and revenue structures of firms.</p> +<h2 class="heading" id="definition-of-economics-by-various-individuals"> + Definition of Economics by various individuals<span class="heading__anchor"> <a href="#definition-of-economics-by-various-individuals">#</a></span> +</h2><p>A) Wealth Definition by Adam Smith.<br> +B) Welfare Definition by Alfred Marshall.<br> +C) Scarcity Definition by Robbins.<br> +D) Growth Defintion by Samuelson.</p> +<h2 class="heading" id="nature"> + Nature<span class="heading__anchor"> <a href="#nature">#</a></span> +</h2><h3 class="heading" id="a-economics-as-a-science"> + A) Economics as a Science<span class="heading__anchor"> <a href="#a-economics-as-a-science">#</a></span> +</h3><ol> +<li>Positive (what is, based on data and logic)</li> +<li>Normative (what ought to be, opinions, judgements)</li> +</ol> +<h3 class="heading" id="b-economics-as-an-art"> + B) Economics as an Art<span class="heading__anchor"> <a href="#b-economics-as-an-art">#</a></span> +</h3><ol> +<li>Pure (what ought to be, ideals and goals)</li> +<li>Applied (real world, how to implement)</li> +</ol> +<h3 class="heading" id="a-described-economics-as-a-science"> + A) Described Economics as a Science<span class="heading__anchor"> <a href="#a-described-economics-as-a-science">#</a></span> +</h3><ol> +<li>Focuses on laws and cause-and-effect relationships (e.g Law of Demand).</li> +<li>Models to predict economic outcomes.</li> +<li>Data analysis, observation, hypothesis.</li> +<li>Real-world evidence.</li> +<li>Deductive and Inductive reasoning.</li> +</ol> +<ul> +<li>Limitaion: Human behaviour involved.</li> +</ul> +<h2 class="heading" id="methods"> + Methods<span class="heading__anchor"> <a href="#methods">#</a></span> +</h2><p>A) Inductive (specific -&gt; general).<br> +B) Deductive (general -&gt; specific).</p> \ No newline at end of file diff --git a/docs/uninotes/s1/et-dcm1107/unit1/index.xml b/docs/uninotes/s1/et-dcm1107/unit1/index.xml index 301f098..301af77 100644 --- a/docs/uninotes/s1/et-dcm1107/unit1/index.xml +++ b/docs/uninotes/s1/et-dcm1107/unit1/index.xml @@ -1,6 +1,42 @@ -Unit 1 on Freedoms4https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/Recent content in Unit 1 on Freedoms4Hugoen-usyour-email@example.com (Freedoms4)your-email@example.com (Freedoms4)Unit 1https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/<h3 class="heading" id="april-9-2026"> - <em><strong>April 9, 2026</strong></em><span class="heading__anchor"> <a href="#april-9-2026">#</a></span> +Unit 1 on Freedoms4https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/Recent content in Unit 1 on Freedoms4Hugoen-usyour-email@example.com (Freedoms4)your-email@example.com (Freedoms4)Unit 1https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/Mon, 01 Jan 0001 00:00:00 +0000your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/<h3 class="heading" id="april-5-2026"> + <em><strong>April 5, 2026</strong></em><span class="heading__anchor"> <a href="#april-5-2026">#</a></span> </h3><h2 class="heading" id="course-objectives"> Course Objectives<span class="heading__anchor"> <a href="#course-objectives">#</a></span> </h2><p>A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.<br> -B) Examine cost and revenue structures of firms.</p> \ No newline at end of file +B) Examine cost and revenue structures of firms.</p> +<h2 class="heading" id="definition-of-economics-by-various-individuals"> + Definition of Economics by various individuals<span class="heading__anchor"> <a href="#definition-of-economics-by-various-individuals">#</a></span> +</h2><p>A) Wealth Definition by Adam Smith.<br> +B) Welfare Definition by Alfred Marshall.<br> +C) Scarcity Definition by Robbins.<br> +D) Growth Defintion by Samuelson.</p> +<h2 class="heading" id="nature"> + Nature<span class="heading__anchor"> <a href="#nature">#</a></span> +</h2><h3 class="heading" id="a-economics-as-a-science"> + A) Economics as a Science<span class="heading__anchor"> <a href="#a-economics-as-a-science">#</a></span> +</h3><ol> +<li>Positive (what is, based on data and logic)</li> +<li>Normative (what ought to be, opinions, judgements)</li> +</ol> +<h3 class="heading" id="b-economics-as-an-art"> + B) Economics as an Art<span class="heading__anchor"> <a href="#b-economics-as-an-art">#</a></span> +</h3><ol> +<li>Pure (what ought to be, ideals and goals)</li> +<li>Applied (real world, how to implement)</li> +</ol> +<h3 class="heading" id="a-described-economics-as-a-science"> + A) Described Economics as a Science<span class="heading__anchor"> <a href="#a-described-economics-as-a-science">#</a></span> +</h3><ol> +<li>Focuses on laws and cause-and-effect relationships (e.g Law of Demand).</li> +<li>Models to predict economic outcomes.</li> +<li>Data analysis, observation, hypothesis.</li> +<li>Real-world evidence.</li> +<li>Deductive and Inductive reasoning.</li> +</ol> +<ul> +<li>Limitaion: Human behaviour involved.</li> +</ul> +<h2 class="heading" id="methods"> + Methods<span class="heading__anchor"> <a href="#methods">#</a></span> +</h2><p>A) Inductive (specific -&gt; general).<br> +B) Deductive (general -&gt; specific).</p> \ No newline at end of file diff --git a/docs/uninotes/s1/et-dcm1107/unit1/live/index.html b/docs/uninotes/s1/et-dcm1107/unit1/live/index.html index 92f6742..7593b7a 100644 --- a/docs/uninotes/s1/et-dcm1107/unit1/live/index.html +++ b/docs/uninotes/s1/et-dcm1107/unit1/live/index.html @@ -1,7 +1,25 @@ -Unit 1 | Freedoms4
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