Discuss the key concepts of Economics

Frist

  • Identify the key concepts of Economics.
  • Discuss the key concepts of Economics

 

2.2 Action Required:

 

Kindly go through the video link

https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/econ-intro-in-macro-tutorial/v/introduction-to-economics

 

2.3 Test your Knowledge (Question):

 

Explain Key principles of economics

 

2.4 Instructions

Answer the given question in Discussion Board

Second

2.1 Learning Outcomes:

•&νβσπ;&νβσπ;&νβσπ;&νβσπ;&νβσπ;&νβσπ; Describe the concept of operations functions, supply chain strategy, process selection,

forecasting, capacity planning, production forecast methods and schedule operations.

•&νβσπ;&νβσπ;&νβσπ;&νβσπ;&νβσπ;&νβσπ; Demonstrate process-flow analysis, process design solutions, operations strategies,

Inventory Control System and customer services in the business operation.

 

2.2 Action Required:

 

  • Watch the short video in the following link

https://www.youtube.com/watch?v=jL5bIev5Qw4

 

2.3  Test your Knowledge (Question):

 

Q. Explain the role of Supply chain Management in the modern business.

 

2.4 Instructions

  • Answer the question in test your knowledge section.

Third

3.1 Learning Outcomes:

 

  • Demonstrate process-flow analysis, process design solutions, operations strategies,

Inventory Control System and customer services in the business operation.

 

3.2 Action Required:

 

  • Watch the short video in the following link

https://www.youtube.com/watch?v=SUJ77HjrZtc

 

3.3 Test your Knowledge (Question):

 

Q. Write note on: Project, Job shop, Flow shop and continuous flow

 

3.4 Instructions

  • Answer the question in test your knowledge section.