Economics And Administrative
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ADMINISTRATIVE ECONOMICS
Author: Dr. Aman Gupta
language: en
Publisher: Xoffencerpublication
Release Date: 2022-07-15
Imagine for a moment that you have successfully completed all of your educational requirements and are now working as an engineer for a manufacturing company. What kinds of things do you do there? You have devised a strategy to create the greatest possible amount of items of a certain quality at the lowest possible cost. On the other hand, if you are in charge of managing sales, you are tasked with maximising revenue while minimising expenditures on marketing and promotion. To put it another way, you want to keep your expenses as low as possible while maximising your profits, and when you do so, you are putting the concepts of administrative economics into practise. When carrying out their day-to-day responsibilities, managers are constantly required to make decisions regarding a variety of matters, including the following: how much quantity is to be supplied; at what price; whether the product should be produced in-house or whether it should be purchased from a third party; how much quantity needs to be produced in order to make a certain amount of profit; etc. The study of administrative economics gives us a foundational understanding of how to approach the search for answers to administrative issues. The fields of economics and management are the parents of the academic subfield known as administrative economics, which is an outgrowth of these two fields. In other words, in order to comprehend the nature of Administrative economics and the breadth of its application, it is required to have at least a basic understanding of what these disciplines are
Economics In Practice: Evidence-based Policymaking In Singapore
Singapore is recognised to be one of the most successful economies in the world given its rapid economic and social transformation. Its success is the result of a judicious blend of markets and government, high-quality governance, and public policies that are coherent, consistent and coordinated.This book showcases the contribution of Economics to Singapore's public policymaking. To illustrate the diverse areas that economic analysis has contributed to, this book comprises three sections that span the economic and non-economic policy domains in Singapore. Section I covers economic policies relating to economic growth, trade, investments, productivity, innovation, industrial development, the enterprise landscape and manpower. Section II highlights socioeconomic and security policies, and covers themes such as income inequality and mobility, families, healthcare costs and crime. In Section III, the focus is on infrastructural policies relating to the environment, housing and land transport.This book commemorates the 20th anniversary of the Singapore Government's Economist Service. As the premier service for economists in the Singapore public sector, the Economist Service plays an integral role in supporting evidence-based policymaking through rigorous economic research and analysis of public policies.
The Political Economy of Public Administration
Author: Murray J. Horn
language: en
Publisher: Cambridge University Press
Release Date: 1995-11-24
This book uses a transactions cost approach to explain the key institutional characteristics across the public sector. It defines the distinctive governance, financing and employment arrangements that characterize the common forms of public sector organization: the regulatory commission, the executive tax-financed bureau and the state-owned enterprise. It suggests why these forms are used to perform different administrative functions, and why legislators often leave very important decisions to be resolved at the administrative level.