Microeconomics Cheat Sheet: Definitions, Marginal Utility, Consumer Problems, and More
Microeconomics Cheat Sheet
Definitions
Transitivity
- If the consumer prefers X to Y (X>Y) and Y to Z (Y>Z), then she must also prefer X to Z (X>Z)
- Consistency of preferences
Strict Monotonicity (S.M)
- If a consumer strictly prefers one bundle of good over another because it contains more of at least one good and no less of any other good, then their preferences show S.M.
- MORE IS BETTER! Choosing bundle with more of one good than the other
Monotonicity
- As more of good increases, the consumer’s utility/
Consolidation Accounting: A Comprehensive Guide to BCVR Entries, Pre-Acquisition Adjustments, and NCI
Consolidation Notes
Step 2: BCVR Entries
| Not Sold | If Sold – Current Year | If Sold – Prior Year | |
|---|---|---|---|
| DR Asset | Inventory: | No entry here – BCVR transferred to RE (Step 3) | |
| CR BCVR | DR COGS | ||
| CR DTL | CR ITE | ||
| CR Transf. from BCVR** | |||
| If Accumulated Deprec: | DR Accum. Deprec | NCA: | No entry here – BCVR transferred to RE (Step 3) |
| CR Asset | DR CA of Asset | ||
| CR DTL | CR ITE | ||
| CR BCVR | CR Transfer from BCVR** | ||
| If Depreciable Asset – following yrs: | DR Deprec Exp (current yr) | ||
| DR RE (Prior years) | |||
| CR Acc. Deprec | |||
| DR DTL | |||
| CR ITE (current yr) | |||
| CR RE (prior yrs) |
Excel Shortcuts & Financial Analysis Guide
Excel Shortcuts
Navigation and Selection
- Edit Cell/Highlight Precedents: F2
- Go To: F5 or Ctrl + G
- Go To Constants: F5, Alt + SOX
- Go To End (Range Cont.): Ctrl + Arrow Keys
- Go To Precedent Cell/Return: Ctrl + [ / F5, Enter
- Highlight a Contiguous Range: Ctrl + Shift + Arrow Keys
- Highlight Entire Column/Row: Ctrl + Spacebar / Shift + Spacebar
- Deselect to the Original Cell: Shift/Backspace
Formatting and Data Entry
- Anchoring Cells: F4 (Edit Cell: F2)
- AutoSum: Alt + =
- Borders – Outside: Area, Ctrl + Shift + 7
- Borders
Land Reforms and Agricultural Policies in India: A Comprehensive Overview
LAND REFORMS IN INDIA
Abolition of the Zamindari System
The government passed legislation to abolish the zamindari system, aiming for complete eradication by the end of the first Five-Year Plan. However, implementation faced challenges such as:
- Lack of proper land records
- Legal challenges from zamindars
- Exploitation of loopholes in legislation
Consequently, the zamindari system’s abolition remained largely on paper, with zamindars transforming into large landowners.
Tenancy Reforms
Tenancy reforms focused
Read MoreTraffic: What It Is, Its Purpose, and How to Manage It
What is traffic?
- Modal split
- Car Ownership
- Interrelations between traffic demand and city development
- Travel time budget/ generation of traffic.
- Transport Demand Management
What is the purpose of traffic?
- Reducing travel cost (operating cost/ travel time savings) (Direct Effect).
Possible impacts of transport Infrastructure investment
- Creating employment
- Reorganization or rationalization of production and distribution
- In simpler terms, it’s like making sure your business runs smoothly and everything is done
International Marketing Campaigns: Strategies & Techniques
International Marketing Campaigns
Key Elements
A successful international marketing campaign requires careful consideration of several key elements:
- Fundamental Concept: A core idea applicable to diverse markets.
- Creative Translation: Adapting the message while preserving its essence.
- Clear Style: Ensuring easy understanding of the product’s features.
- Visual Impact: Utilizing images to enhance brand perception.
International Promotions
Promotions are global marketing strategies to attract customers and
Read More