BUS 501: Business Perspectives #4  I think it’s fair to say that all of us have heard the terms economy and economics, but I wonder how many people without business backgrounds really knew what these terms meant. Often we hear terms like “economy is not doing so well..etc”, and I also knew loosely what these... Continue Reading →

Marginal Analysis, Supply and Demand Knowing the optimal quantity of a product to supply to the market is fundamental to the success of any business. This is where the economic principles related to scarcity, choice, marginal benefit, equilibrium, supply, and demand come in. These concept then lead to marginal analysis and supply-demand curves (+related calculations).... Continue Reading →

We are currently learning about marginal analysis. Having to recall some math from my undergrad days, but it’s fun and definitely more straightforward than some of the engineering courses I had to take. https://www.mbamath.com/ is the companion site where most of the quizzes and assignments need to be completed for this topic. First one already... Continue Reading →

This is going to be the first post of a series of posts related to the various topics that will get covered during my MBA courses. I was kind of thinking of doing this anyway, but it’s a requirement as well for one of the papers, so I think it’s going to somewhat force me... Continue Reading →