Interaction for Leadership

1
Interaction for Leadership

• An outline of what shall discuss together

2
Sierra Leone

• Its early history it is one of which we can be
  proud
• The founding of the modern nation
• The Athens of Africa just think of the famous
  names
• Influence across West Africa it spread across
  the continent
• Some important personalities again look at
  academia, medicine, diplomacy etc.
• I

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The Microenvironment

• Types of economic systems the advantages/disadvant
  ages of the THREE
• Why mixed have become predominant the
  expectations of an electorate
• What do they provide?
• How do they provide it?
• The problems associated with a mixed economic
  system

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Micro - 2

• Demand effective then it move into Aggregates
• Influences income, access, styles of life,
  occupations, manufacturing, services decisions?
• Price sensitivity (elasticity)
  competitive/non-price factors
• Supply again we need to move to Aggregates
• Influences labour, resources, technology
• Price sensitivity primary products big
  problem?
• What of Sierra Leone? World Markets?

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Demand Minimum Price
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Demand
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Producer and Consumer Surplus
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Micro - 3

• Factors of Production resources, labour,
  capital and organisation
• Adding value how and in what order
• Human Capital - UPE, schools, curriculum
• Gender issues cultural influences, micro loans
• Allocation of Resources efficient,
  quality/quantity
• Priorities what will be the true opportunity
  costs?
• The ways forward? strategies for development

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Perfect Competition

• The most efficient way to allocate resources?

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Micro - 4

• The process of production comparative
  advantage/natural advantage
• Capital or labour intensive
• Access to skills, training
• Access to capital FDI,MNC, multi/bilateral
• Developing the risk taker sources of funds
• Which way for Sierra Leone? again we are back
  to development strategies
• Globalisation do you agree with Norbergs
  interpretation?

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Micro - 5

• Competitive Markets price and output decisions
• Monopolistic competition amongst the many
• Oligopoly competition amongst the few
• Controlling monopoly consumer/producer surplus
• Regulating markets intervention, who has power
  in a market
• Public v Private ownership? is private
  enterprise the best way forward?
• Government responsibility again what do the
  citizens expect/want?

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Monopolist _ profits

• Is this to the benefit of consumers?

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Oligopolies competition amongst the few

• How do they behave?

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Monopolistic Competition Competition amongst
the many

• Is this a better way forwards?

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Micro -6

• Market Failure
• Public Goods/ Merit/De-merit taxes/subsidies
• Immobility of Factors improve?
• Market Power what can Sierra Leone do?
• Imperfect Information how?
• Social Costs and Benefits how to control these?

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Market Failures
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Market Failure - 3

• Positive Externalities - Consumption

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Market Failure - 4

• Positive Externalities Production

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Market Failure - 2

• Negative Externalities - Production