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Managerial Economics-I Sample Exam Questions

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Managerial Economics Notes | PDF, Syllabus | MBA 2024

• Post last modified: 5 April 2022
• Reading time: 35 mins read
• Post category: MBA Study Material

Download Managerial Economics Notes for MBA 2024. We provide the complete MBA 1st Sem managerial economics study material which includes managerial economics notes , managerial economics books , managerial economics syllabus for MBA , managerial economics reference books , managerial economics question paper , managerial economics questions and answers and available in managerial economics pdf form.

Table of Content

• 1 Introduction To Economics​
• 2 Demand Analysis
• 3 Supply Analysis
• 4 Elasticity of Demand & Supply
• 5 Consumer Demand Analysis
• 6 Cost & Production Analysis
• 7 Cost and Revenue Analysis
• 8 Market Structure
• 9 Market Failure
• 10 Managerial Economics Tutorial
• 11 Managerial Economics Notes PDF
• 12 Managerial Economics Notes
• 13 Managerial Economics MBA Syllabus
• 14 Managerial Economics Questions and Answers
• 15 Managerial Economics Question Paper
• 16 MBA Managerial Economics Books
• 17 Managerial Economics Reference Books
• 18 Go On, Share & Help your Friend

The managerial economics study material can be downloaded in managerial economics pdf from the below article.

Introduction To Economics​

( Click on Article List to Read )

• What is Economics?
• Nature of Economics
• Scope of Economics
• What is Business Economics?
• Difference Between Micro and Macro Economics
• Laws of Economics
• What is Business Cycle?
• What is Inflation?

Demand Analysis

• What is Demand?
• Types of Demand
• Determinants of Demand 
• Law of Demand
• What is Demand Schedule?
• What is Demand Function?
• What is Demand Curve?
• Demand Curve Shifts

Supply Analysis

• What is Supply?
• Determinants of Supply
• Law of Supply
• What is Supply Schedule?
• What is Supply Curve?
• Supply Curve Shifts

Elasticity of Demand & Supply

• Elasticity of Demand
• Price Elasticity of Demand
• Types of Price Elasticity of Demand
• Factors Affecting Price Elasticity of Demand
• Importance of Price Elasticity of Demand
• Income Elasticity of Demand
• Cross Elasticity of Demand
• Elasticity of Supply

Consumer Demand Analysis

• Utility in Economics
• Consumer Demand
• Law of Diminishing Marginal Utility
• Indifference Curve
• Demand Forecasting
• Methods of Demand Forecasting
• Criteria for Good Demand Forecasting

Cost & Production Analysis

• Production in Economics
• Production Possibility Curve
• Production Function
• Types of Production Functions

Cost and Revenue Analysis

• Types of Cost
• Shor t Run Cost
• Long Run Cost
• Economies of scale and Diseconomies of Scale
• What is Revenue?

Market Structure

• Types of Market Structures
• What is Market Power?

Market Failure

• What Market Failure?
• Price Ceiling and Price Floor

Managerial Economics Tutorial

We have also prepared the Managerial Economics Tutorial which is specifically designed for MBA student, who wants to learn Managerial Economics in MBA .

Read: Managerial Economics Tutorial

Managerial Economics Notes PDF

Managerial economics notes.

Managerial Economics in MBA is a crucial skill to learn. The course is mainly analytical in nature and focuses on clarifying fundamental concepts from microeconomic viewpoint. It studies the problems and principles of an individual business firm or industry.

Managerial economics , or business economics , is a division of microeconomics that focuses on applying economic theory directly to businesses. The application of economic theory through statistical methods helps businesses make decisions and determine strategy on pricing, operations, risk, investments and production. The overall role of managerial economics is to increase the efficiency of decision making in businesses to increase profit.

Managerial Economics MBA Syllabus

Broadly managerial economics MBA syllabus is divided into 5 unit and it is mentioned below. You can download the syllabus in managerial economics pdf form.

Introduction to Managerial Economics: Economics and Business Decision Making; Economics: Scope of economics; economics as a tool for decision making; Business Economics: Definition and scope; the distinction between economics and Business Economics; Economic Indicators and Business Cycles.

Demand and Supply Analysis: Demand, Generalized Demand Function, The law of demand, Shift and movement along demand curve, Elasticity of demand: Price, Income and Cross Price elasticity of demand, Demand Estimation: Basic concepts , Supply, Generalized supply function, Supply functions, Shifts and movement in the supply curve, Supply elasticity, Market equilibrium, Changes in the market equilibrium, Changes in demand (supply constant), Changes in supply (demand constant).

Cost & Production Analysis: Production in the short run, Total product, Average and marginal products, Law of diminishing marginal product, Production in the long run, Production isoquants, Characteristics of isoquants, Marginal rate of technical substitution, Isocost curves, Finding the optimal combination of inputs, Short run costs of production, Fixed and variable cost, Short run total costs, Average and marginal cost, Marginal cost curves, Long run costs, Derivation of cost schedule from a production function, Economies and diseconomies of scale, Economies of scope

Managerial Decisions in Competitive Markets: Features of perfect competition, Profit maximization in the short run, Profit maximization in the long run, Managerial decisions for firms with market power, Measurement of market power: The Lerner Index, Determinants of the market power: Economies of scale, Barriers created by government, Profit maximization under monopoly: output and pricing decisions, Monopolistic competition: short run and long-run equilibrium, Pricing decision in an oligopoly: The Kinked Demand curve model.

Market Failures and Price Regulations: Market failures and need for regulation, Regulations and market structure, Firm behavior, Price regulation

Managerial Economics Questions and Answers

Some of the managerial economics questions and answers are mentioned below. You can download the QnA in managerial economics pdf form.

• Define Managerial Economics.
• Discuss the nature and scope of Managerial Economics. What are the other related disciplines?
• Distinguish between Micro and Macro Economics.
• Is Managerial Economics a Positive or Normative Science? Discuss.
• Discuss different types, determinants, exceptions of demands.
• Discuss the concept, determinants of supply.
• What do you understand by the law of supply and exceptions to the law of supply?
• Describe total utility and marginal utility.
• Explain the meaning of indifference curve and list its properties.
• Explain the concept of price, income, cross elasticity of demand.
• Describe the steps and criteria in demand forecasting.
• Explain the law of diminishing returns.
• Explain the concept of cost and discuss various types of costs.
• Write a short note on pure, perfect, monopolistic, oligopoly competition.
• Explain the causes of market failure.

Managerial Economics Question Paper

If you have already studied the managerial economics notes , then its time to move ahead and go through previous year managerial economics question paper will help you to understand question paper pattern and type of managerial economics questions and answers asked in MBA managerial economics exam. You can download the syllabus in managerial economics pdf form.

MBA Managerial Economics Books

Below is the list of managerial economics books recommended by the top university in India. You can buy them from Amazon.

Managerial Economics

• Author : P.L Mehta
• Publisher:  Sultan Chand and Sons, (2014)
• Amazon Bestsellers Rank : #102 in Economic Policy & Development
• Customer Rating: 3 out of 5
• Publisher:  Pearson Education; 6th ed.
• Amazon Bestsellers Rank : #1567 in Management
• Customer Rating : 3.8 out of 5
• Publisher:  Pearson, 4th ed.
• Author : Peter and Jain
• Amazon Bestsellers Rank : #29 in Production, Operation & Management
• Customer Rating : 4.7 out of 5

Managerial Economics Reference Books

Below is the list of managerial economics books recommended by the top university in India.

• Yogesh Maheswari, Managerial Economics, Phi Learning, New Delhi, 2005 Gupta G.S.
• Moyer &Harris. Managerial Economics, Tata Mcgraw-Hill, New Delhi
• Geetika, Ghosh & Choudhury. Managerial Economics, Cengage Learning, New Delhi, 2005
• Managerial Economics, Tata McGraw-Hill, New Delhi, 2011
• P. L. Mehta, Managerial Economics, Sultan Chand and sons, Pearson Education
• Dominick Salvatore, Managerial Economics, adapted by Ravikesh Srivastava, Oxford University press
• Mote V.L., Samuel Paul and G.S. Gupta, Managerial Economics Concepts and Cases, Tata McGraw Hill Publishing Company Ltd., New Delhi, 2001

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In the above article, a student can download Managerial Economics Notes . We have provided the complete managerial economics study material which includes managerial economics notes for mba , managerial economics books , managerial economics syllabus for MBA , managerial economics question paper , managerial economics reference books , managerial economics questions and answers , managerial economics tutorial in managerial economics pdf form.

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10 Common Assignments in Online MBA Programs

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If you’ve just enrolled in an Online MBA program, but you haven’t had much experience with the distance learning format, you might be wondering if the assignments are any different from those of the on-campus program. While many assignments for distance learning programs are designed to fit the online format, of course, experts say these assignments can be just as (or even more) rigorous than those that take place on-campus. Students in online programs can expect to complete assignments that require them to respond in-depth to video lectures, participate in discussion boards, and work with groups on a range of business projects.  

In addition to responding to video lectures, discussion boards, and group projects, U.S. News & World Report lists the following types of assignments in online programs:

Case Studies and Real-World Scenarios

Exams and quizzes, formal research papers, virtual presentations and collaborations.

Students can reflect on experiential learning, internships, study abroad, personal experiences, and more. Students often update their blog throughout any given course, and in some cases, peers can respond. This is a great way to build relationships with other students in the program, even if you never meet face-to-face.

Students analyze presented issues and develop solutions. Sample case studies from Organizational Behavior and Economics and Finance courses at St. Bonaventure University Online include The Economic State of Samoa , Liberia’s Challenges to Economic Development , Will Sears Survive? , and A Video Recap of Liberia’s Challenged to Economic Development .

Discussion Boards

Supplement weekly coursework, and are a major part of most online classes. The professor poses a question and students respond to the instructor and each other. Responses must be thought provoking and help to expand the conversation.

Exams and quizzes are just as important in online programs as they are in on-campus programs. The difference is students taking an online exam may be monitored by a proctor via webcam (“companies such as ProctorU make this possible”) or by a computer. According to U.S. News, “automated services including ProctorTrack can keep track of what’s happening on an online student’s screen in case there are behaviors that may indicate cheating.”

The types of research and writing required to complete a formal research paper is important at the graduate level, and especially in MBA programs. While you won’t find many differences between FRPs in online and on-campus courses, online students should ensure that the program offers “remote access” to the “university’s library and its resources, which may include live chats with staff.”

Group Projects

Students around the world can work on projects virtually as a group by utilizing Google Docs, Skype, Zoom for videoconferencing, chat features in the online classroom, and any number of video chat apps. Group projects, which simulate real-life business situations or business plan development, require students to work as a team, with specific roles and responsibilities assigned to each member. Students must contribute equally to the project.

Journal assignments allow Online MBA students to communicate with their professors directly. Though topics are typically assigned, “journals often enable students to express ideas,” opinions, questions, and concerns about course material.

Video Lectures

In a recent U.S. News blog post, Associate Vice President of Institutional Effectiveness at SUNY Buffalo State, Bradley Fuster, explained that with video lectures, the professor provides a recorded lecture, article, or book chapter and requires students to answer questions. “Students generally complete the assignment at their own pace,” as long as “they meet the ultimate deadline.”

Students give live or recorded presentations to the professor and cohort. Students can present business plans, solutions to business problems, and interact with one another on projects and assignments. According to U.S. News, experts say, “virtual collaboration is a skill that's critical for conducting business in the 21st century.”

Wiki, a shortened form of the Hawaiian word for “quick,” is a website that can be edited by anyone with a computer, web browser, and an internet connection. Wikis use a quick and easy syntax to allow users to apply formatting to text and create links between pages. In online programs, students use wikis to answer research questions, edit shared documents, write task lists, and launch discussions. Wikis are particularly useful for group projects.

While these are not the only types of assignments students may encounter in an Online MBA program, they are among the most common. For more information about the types of assignments in any given Online MBA program, review the programs overview, curriculum, and catalog.

Considering an Online MBA? Use our interactive map to find information on schools and colleges offering Online MBA programs in your state and across the U.S.

Friedman, Jordan. “10 Types of Assignments in Online Degree Programs . ” U .S. News & World Report Education , U.S. News & World Report L.P., 31 Aug. 2017. Web. 23 Aug. 2018.

Friedman, Jordan. “What to Expect in a Top Online MBA Program . ” U.S. News & World Report Education , U.S. News & World Report L.P., 27 Jun. 2016. Web. 23 Aug. 2018.

Online MBA Assignment Showcase . School of Business - St. Bonaventure University Online. St. Bonaventure University, 2018. Web. 23 Aug. 2018.

What is a Wiki? WikiEducator.org, 2018.

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Have a Look at Our MBA Assignment Samples All Assignment Case Study Essay Dissertation Report Research Paper coursework A   15 Accounting E   13 Economics F   13 Finance H   10 Human Resource 2 Human Resourcse M   146 Management 27 Marketing P   30 Project Management A   2 Accounting E   4 Economics F   2 Finance H   2 Human Resource M   7 Management 6 Marketing A   3 Accounting E   3 Economics F   3 Finance M   21 Management 3 Marketing P   6 Project management A   2 Accounting H   2 Human Resourcse M   11 Management P   1 Project management A   8 Accounting E   6 Economics F   7 Finance H   6 Human Resource M   103 Management 18 Marketing P   22 Project Management M   4 Management F   1 Finance H   2 Human Resource P   1 Project Management A   3 Accounting2 1 Auditing B   3 Biology C   15 Computer Science and IT E   1 Economics 2 Engineering F   1 Finance L   7 Law M   16 Management 4 Marketing N   9 Nursing P   4 Project Management A   4 Accounting3 2 Architecture 3 Auditing B   1 Biology C   2 Computer Science and IT E   3 Economics 2 Engineering F   2 Finance H   5 Humanities L   3 Law M   15 Management 5 Marketing N   17 Nursing S   2 Science A   1 Accounting4 1 Auditing B   1 Biology C   2 Computer Science and IT E   1 Economics F   1 Finance H   1 Humanities L   1 Law M   2 Management N   1 Nursing C   5 Computer Science and IT A   1 Accounting5 1 Auditing B   1 Biology C   1 Child Care 4 Computer Science and IT 18 Cookery D   11 Diploma E   2 Economics 2 Engineering F   2 Finance H   1 Humanities L   2 Law M   10 Management N   5 Nursing P   3 Project Management A   1 Accounting6 1 Architecture 1 Auditing B   1 Biology C   1 Computer Science and IT E   1 Economics 1 Engineering F   1 Finance H   1 Humanities L   1 Law N   1 Nursing A   7 Accounting7 1 Architecture 4 Auditing B   4 Biology C   37 Computer Science and IT E   3 Economics 9 Engineering F   9 Finance H   5 Humanities L   9 Law M   54 Management 7 Marketing N   19 Nursing P   15 Project Management S   1 Science 4 Statistics MBA Assignment Sample

The best MBA assignment samples online, provided by our service, are valuable resources for MBA students. We offer vital resources for academic achievement since they include formatting examples, excellent insights, and structural direction. Reading these samples will help you write more effectively, get more ideas, and save time. Thus, to succeed in your MBA program, we provide the Best MBA Assignment samples and use these helpful resources. Let's examine the MBA assignment sample online and why you should use it.

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How to Write a Powerful MBA Essay—With Examples

The MBA essay is critical to your business school application. Read our guide to writing the perfect MBA essay, with successful admit examples.

Posted April 4, 2024

Featuring Matt P.

Perfecting the MBA Resume

Friday, may 10.

12:30 AM UTC · 45 minutes

Table of Contents

What is the mba essay.

The MBA admissions essay.

Those words alone are enough to make most MBA candidates run screaming. Writing in general is hard enough. Writing about why you want an MBA? Your short-term goals and career aspirations? What matters to you most, and why? Forget it.

Of course, you still have to write these essays.

The MBA essay is perhaps  the most important part of the business school application. (It's also getting more and more important by the day, with some business schools moving away from traditional, quantitative measuring sticks, like the GMAT and the GRE.) Every other part of the application — your GPA, your test scores, your letters of recommendation — are quantified, cut and dried, or out of your control. The essay is your chance to show up as a fully realized MBA candidate, with hopes, dreams, and vulnerabilities. Admissions committees are not simply assessing your candidacy as a future leader — they're looking to admit human beings. That's where the MBA applicant essays come in.

That being the case, rather than being intimidated by it, treat the essay like the opportunity that it is — the chance for you to highlight your unique, iridescent self; the only moment in the MBA admissions process (prior to the interview) when you can speak directly to the admissions officers; the time when you'll show them who you really are. It's not easy to write something that will do that, of course, but with the tips and tricks in this guide, and some help from one of Leland's vetted, world-class admissions coaches, we know you can do it. Give the essay the time, attention, and respect it deserves, and you'll be on your way to an offer of admission at your dream school.

Without further ado, let's dive in!

Ultimate MBA Essay Guide

See the MBA essay prompts, top tips from experts, and real examples from admits with this comprehensive guide.

How Long Will My MBA Essay Take?

First thing's first: let's talk about timing.

The MBA application is a behemoth; between exams, resumes, gathering your official transcripts, letters of recommendation, and the applications themselves, there's a lot to juggle. That being the case, we suggest you give yourself ample time to draft, write, and revise your essays. The last thing you want is to be rushed to the finish line.

So, give yourself  at least three months to write your MBA essays. That should allow you ample time to draft, write, and edit. For more information on timing your entire b-school application, click here for  A Comprehensive MBA Application Timeline--With Chart .

Now, on to the critical question:

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What Makes a Great MBA Essay?

At the highest level, the answer is the one that is truest to you. The whole point of these essays is to shine through as an authentic, vibrant human being, so the best essays are the ones that cut through the clutter, and allow you do to that.

Which begs the question — how  do you cut through the clutter and shine through as a vibrant human being? Here are four critical tips to follow as you begin thinking about your essays.

1. Answer the Question

This one sounds obvious, but you'd be surprised how many applicants launch into their story, get carried away, and forget to answer the question. Follow the prompt, and answer the question the admissions committee has asked you. Those prompts can actually be very useful when writing your essays — it's a great deal harder to write when you have no guidance or guardrails. With the MBA essays, you have a very specific question you need to answer. So answer it!

2. Be Specific

Another mistake some MBA applicants make is to stay at a high level in their essays, keeping their writing abstract and therefore inaccessible to the admissions committee. If at any point, an admissions officer could replace your name with the name of another applicant, then your essay isn't getting deep enough. It's not enough, for instance, to say that you suffered adversity in high school, or that you really, really want a Wharton MBA. You need to explain, in detail, the adversity you faced, and give concrete and unique reasons why you think Wharton is the right program for you. The best essays offer hyper-specific examples and anecdotes, with details and anecdotes that no other candidate could bring to the table. To get those anecdotes, we recommend using the STAR template, as explained below:

• Situation : What was the situation you were facing? Where were you? How old were you? If you were in a professional role during this anecdote, what was the role, and how long had you been in it? If you were volunteering, at what organization? How long had you been volunteering there? Why did you start? Offer all the relevant information that the admissions readers will need to understand your story.
• Task : What was the task at hand? What went wrong? In your professional role, what was the challenge you faced? In that volunteering experience, what were the hurdles you had to overcome? You can't have a good story without conflict or tension, so after you set up the anecdote, explain what that conflict or tension was (and remember, be specific!).
• Action : What was the action you took to resolve the problem? What did you have to do to fix that issue at work? How did you clear that hurdle in your volunteer experience? Again, be specific about how you came through on the other side of that conflict/tension — and while you're doing it, highlight your leadership capabilities as much as possible! Remember that top MBA programs are looking for future leaders who can assess a situation and decisively take action. (We'll say a bit more about this below, in the Personal Statement section.
• Result : What was the result of your action? If you were facing a growth problem at work, were you able to increase sales? If so, by what percentage? If you were advocating for diversity and inclusion at your local charity, what new programs did you implement to help with that effort, and what was the enrollment like in those new programs? Detail what happened in your anecdote with as much specificity as possible — and quantify, quantify, quantify!

3. Get Vulnerable

Most MBA admissions essay prompts are written with the goal of getting to know as much about you as possible in the shortest number of words. To do that, you're going to have to share real things from your life — to get personal, intimate, and vulnerable. Do not shy away from this. If you're starting to get emotional during the reflection, drafting, and writing process, good — that means you're on the right track. Keep going. Pro tip: If it’s making you cry, it will make them cry. Another good rule of thumb is to put something real and true on the table. Admissions officers have to read literally thousands of applications from thoroughly qualified individuals, some of whom might come from similar roles to yours, with letters of recommendation from equally impressive supervisors. In order to cut through that noise, you'll have to share something honest. If you're doing it right, this can feel risky. At some point, you’ll likely think to yourself: “Can I say that?” The answer is: “Yes.” Of course, there is a line, you don’t want to be crass or offensive but err on the side of being open and authentic. The very worst thing you can do is be overly cautious, and write something you think will please the admissions committee. These poor people have to read thousands of essays. If yours is just like everyone else’s, they’ll fall asleep. Don’t let that happen. Wake them up by putting yourself —your true, bright, vibrant, quirky self—on the page.

4. Don't Exaggerate

Finally, do not exaggerate, over-inflate, or lie. This goes without saying, but admissions committees are looking for honest candidates. The surest way to get rejected is to lie about something. (Business schools do a background check on you before you're properly admitted, so they will find out.) Don't be the person who over-inflates on their essays, then has their offer letter rescinded.

The Types of MBA Essays

All right — since we've covered high-level approaches to the MBA essays, it's time to dig into the various types.

There are three general categories of MBA essays you'll see across the board.

1. Personal Statement

These questions ask you to offer up something sincere about yourself. They'll often touch on such things as your values and your character. In these, you'll want to be as authentic as possible, while also highlighting attributes like leadership, intellectual vitality, and teamwork, that business schools are looking for. Here are a few examples of personal statement essays:

• As we review your application, what more would you like us to know as we consider your candidacy for the Harvard Business School MBA program? (HBS)
• What matters most to you, and why? (Stanford GSB)

2. Why an MBA/Why This School

The next category of essays is the "Why an MBA" / "Why This School" set.

In these, schools first want to hear about how an MBA will fit into your career, both short and long term. Top MBA programs are looking for candidates who will: first of all, be gainfully employed upon graduating, second of all, have an illustrious career that will make their institution look good and encourage future generations of applicants to apply, and third, be consistent and generous donors. That being the case, they want to know about your career trajectory, and how an MBA will fit into it.

Pro tip: Here, you want to be ambitious and inspiring in laying out your future career, but not naïve. Walk the line between shooting for the stars and sounding dreamlike and uninformed.

In this set of questions, you'll also encounter questions geared at figuring out why you would want to attend a specific school. MBA programs want to know that you're serious about attending their school — yield, or the percentage of admitted candidates who accept their offers of admission, is an important metric for them — but they also want to envision how you'll contribute to their admitted class. What will you uniquely bring to the table, the things that you'll do that the other candidates wouldn’t be able to offer?

We've heard former deans of business schools say that, in choosing a class, they're curating a world-class dinner party, and that each person invited to the dinner party has to bring something different. What will you bring to the dinner party?

Pro tip: To demonstrate that you've done your research, and to help the admissions committee envision you in their program, indicate which classes you might take when earning your MBA and why, which professors you might hope to study with, and in which clubs you might participate.

Here are a few examples of "why MBA / why this school" essays:

• How is a Columbia MBA going to help you? (Columbia)
• What do you hope to gain professionally from the Wharton MBA? (Wharton)
• Why Stanford? Describe your aspirations and how your Stanford GSB experience will help you realize them. (Stanford GSB)

3. Behavioral/Other

Finally, most other essays will either be behavioral, asking you about experiences, traits, strengths, weaknesses, and achievements. There's a wide variety of topics here, but all the guidelines from above apply, with the final note to always prioritize authenticity (as mentioned in the Personal Statement section) and leadership ability (remember, business schools are choosing future leaders). Here are a few examples of behavioral/other essays:

• Describe the biggest commitment you have ever made. (Yale SOM)
• Tell us about your favorite book, movie, or song and why it resonates with you. (Columbia)
• Think about times you’ve created a positive impact, whether in professional, extracurricular, academic, or other settings. What was your impact? What made it significant to you or to others? (Stanford GSB)

Top MBA Program Essay Prompts (Updated 2022)

To help you get started, we've compiled the required prompts from a few top MBA programs below:

1. Harvard Business School (HBS)

As we review your application, what more would you like us to know as we consider your candidacy for the Harvard Business School MBA program? (900 words)

For more information, visit A Guide to the HBS Essay .

2. Stanford Graduate School of Business

What matters to you most, and why? (650 words)

Why Stanford? (400 words)

Read What Matters Most When Writing the GSB Essays.

How do you plan to use the Wharton MBA program to help you achieve your future professional goals? You might consider your past experience, short and long-term goals, and resources available at Wharton. (500 words)

Taking into consideration your background – personal, professional, and/or academic – how do you plan to make specific, meaningful contributions to the Wharton community? (400 words)

For Wharton-specific advice, visit A Guide to the Wharton Essays .

4. Columbia Business School

Essay 1: Through your resume and recommendation, we have a clear sense of your professional path to date. What are your career goals over the next three to five years and what, in your imagination, would be your long-term dream job? (500 words)

Essay 2: The Phillips Pathway for Inclusive Leadership (PPIL) is a new co-curricular program designed to ensure that every CBS student develops the skills to become an ethical and inclusive leader. Through PPIL, students attend programming focused on five essential diversity, equity, and inclusion skills: Creating an Inclusive Environment, Mitigating Bias, Communicating Across Identities, Addressing Systemic Inequity, and Managing Difficult Conversations. Tell us about a time you were challenged around one of these five skills. Describe the situation, the actions you took, and the outcome. (250 words)

Essay 3: We believe Columbia Business School is a special place. CBS proudly fosters a collaborative learning environment through curricular experiences like our clusters and learning teams , an extremely active co-curricular and student life environment, and career mentorship opportunities like our Executives-in-Residence program .Why do you feel Columbia Business School is a good fit for you academically, culturally, and professionally? Please be specific. (250 words)

5. Chicago Booth

How will the Booth MBA help you achieve your immediate and long-term post-MBA career goals? (250-word minimum)

An MBA is as much about personal growth as it is about professional development. In addition to sharing your experience and goals in terms of your career, we’d like to learn more about you outside of the office. Use this opportunity to tell us something about who you are… (250-word minimum)

Read more at A Guide to the Booth Essays .

6. Kellogg Northwestern

Kellogg’s purpose is to educate, equip and inspire brave leaders who create lasting value. Provide a recent example where you have demonstrated leadership and created value. What challenges did you face and what did you learn? (450 words)

Values are what guide you in your life and work. What values are important to you and how have they influenced you? (450 words)

Read How to Nail Your Kellogg MBA Application Essays

7. MIT Sloan

MIT Sloan seeks students whose personal characteristics demonstrate that they will make the most of the incredible opportunities at MIT, both academic and non-academic. We are on a quest to find those whose presence will enhance the experience of other students. We seek thoughtful leaders with exceptional intellectual abilities and the drive and determination to put their stamp on the world. We welcome people who are independent, authentic, and fearlessly creative — true doers. We want people who can redefine solutions to conventional problems, and strive to preempt unconventional dilemmas with cutting-edge ideas. We demand integrity, respect, and passion.

Taking the above into consideration, please submit a cover letter seeking a place in the MIT Sloan MBA program. Your letter should conform to standard business correspondence, include one or more professional examples that illustrate why you meet the desired criteria above, and be addressed to the Admissions Committee (300 words or fewer, excluding address and salutation)

Applicants are required to upload a 1 minute (60 seconds) video as part of their application. In your video, you should introduce yourself to your future classmates, tell us about your past experiences, and touch on why MIT Sloan is the best place for you to pursue your degree.

How to Start Your MBA Essay

So you've read about the types of essays, and seen some of the prompts from top MBA programs. Now it's time to actually start diving into the essay.

The very first thing to do, before putting pen to paper, is to look inward.

Why do  you want an MBA? What role will this degree play in your professional growth? How do you imagine it will shape your life? What do you want out of your career? What is the most important thing in the world to you?

Yes, these are life’s deep-end questions, but you’ll need to tackle them in these essays, so before you start writing, take the time to think through them. Go for a run, swim some laps, bake a cake—however you get into the flow — and start a dialogue with yourself. Put down your work, turn your phone off, and give your mind permission to go to the places it usually avoids. That’s a good place to start. That’s where the answers are.

Pro tip: The first sentence is the hardest one to write. When you're starting out if it can intimidating and anxiety-producing. The trick is to simply put  anything  down — and don't look back. Keep putting one sentence after the other. You can edit later: let whatever comes to you out onto the page. If you’re struggling with self-critique, dim your computer screen until you can’t even see the words you’re typing. Then keep going.

Additional Tips & Tricks

Once you've started your essay, it's a matter of persistence: keep writing, then keep drafting and editing until you have something you're really proud of.

To help you with that process, here are a few more tips and tricks:

• Take Breaks

When you hit the wall — you will hit the wall — stop. This is your brain telling you it needs to do something else. Walk your dog. Take a lap around your room. Eat some cheese. Your body needs sleep every night to function; your mind is the same way. That next leap of inspiration will come exactly at the moment when you’re least expecting it.

• Read it Out Loud

When you finally have a draft, print it and read it out loud to yourself. Your ear will catch things your eyes miss. Reading out loud is the best way to pick up on spelling errors, clunky transitions, and paragraphs that still need ironing out. It’s also a good way to envision how the admissions committee will experience your essay.

Don’t be precious with your essay. Send it to anyone willing to read it. Solicit as much feedback as you can. If you don’t like what people have to say, you don’t have to incorporate it, but you need an impartial third party to give notes on what they’re seeing, thinking, and feeling. (You’re too close to things to do it for yourself.) This is where a Leland coach comes very much in handy!

• Complete Everything Early

This is more of a timing consideration, but you do not want to trip at the finish line because your internet went down the night before the deadline, or your credit card was denied when paying your application fee (it's happened before). Don't let that be you!

Here is another article to get you started, written by an expert essays coach: 7 MBA Essay Tips to Make You Stand Out in 2022 .

Example MBA Essays

Finally, here are two essays to help inspire you. The first, a personal statement essay, was submitted by an admit to Berkeley Haas' Executive MBA program; the second, a career goals / why MBA essay, was submitted by an admit to Chicago Booth's deferred MBA program.

Haas Admit:

A person’s identity is shaped by many different aspects, including family, culture, personal interests, and surrounding environments. Please share a facet of your identity or story that is essential to who you are. (300 words) My upbringing in India, filled with countless myths and legends, had a profound influence on me. The most formative tale was about a sage who prays for years to the goddess of knowledge, but in vain. In the end, the goddess didn’t appear for the sage because he was turning his prayer beads the wrong way! As a child, this story upset me: the sage worked so hard and had the right intentions. As an adult, though, I’ve come to realize that the goddess of knowledge was right: you can’t succeed unless you do things the right way. Seven years ago, two friends and I started a company, XXXX: a digital health platform that would allow patients to store medical records online and consult doctors remotely. We had early success—we brought on 2,000 patients at XXXX, a gynecology clinic in XXXX—but ultimately we didn’t have the resources to properly scale, and had to shut the company down. Among the many lessons I learned, the most valuable was that ideas and hard work are common; businesses succeed or fail based on execution—on doing things the right way. Two years ago, I relearned this lesson in the most painful way possible: when my marriage ended. My wife and I loved each other, but we weren’t there for each other when it mattered most. Our feelings weren’t enough—we had to back them up with the right actions. It’s disheartening when you have good intentions but still fall short. When this happens, though, you have to keep trying—because eventually you will do things the right way. I carry the story of the sage with me always, not as a harsh lesson, but as a motivating goal: one that keeps me striving towards doing things the right way.

Booth Admit:

How will the Booth MBA help you achieve your immediate and long-term post-MBA career goals? (250 word minimum)

I want to start a geothermal company that will help lead the energy transition away from fossil fuels and toward renewable energy—by targeting existing oil wells as sites for geothermal plants. Oil fields are close to electric grids and have high nearby subsurface temperatures, making them ideal sites for geothermal plants. By building geothermal infrastructure nearby, my company will produce cleaner, cheaper energy, making it more profitable for operators to switch from oil to geothermal. As oil companies decommission their wells, I’ll negotiate for their land rights, so I can use their existing wells for new geothermal vents. I want my company to prove the case for economically viable, carbon neutral energy production. After getting an MBA I want to start a geothermal company which will help me lead the energy transition away from fossil fuels to renewable energy. I plan to target developed oil fields in Texas, where, in many places, producing wells are flowing enough hot fluid to generate clean energy. Using this geothermal heat, the carbon footprint of oil and gas extraction will decrease as fewer fossil fuels are utilized to power surrounding infrastructure. As the wells approach their economic life, I will negotiate the lease from various operators, saving them millions in plug and abandonment costs, and retrofit the wells for direct geothermal energy production via closed loop binary fluid systems, bringing emissions to zero. To accomplish this goal, I need to shore up my knowledge of energy economics and entrepreneurial finance, develop a strong sense of leadership, and build a network of like minded individuals that will help me lead the transition and I believe I can get those things at Chicago Booth. My immediate career goal is to develop my first co-production site in Shelby County, Texas at the Blanton well site, which produces abnormally heated fluid from the flanks of an active salt dome. Before investing in capital expenditures, developing a strong sense of energy economics and broader markets is necessary to verify financial feasibility. University of Chicago, through the Graduate-Student-At-Large: Business program, is already allowing me to accomplish this goal with my enrollment in “Microeconomics” with Professor Andrew McClellan. His instruction helped me understand the impact taxes and subsidies have on market equilibrium, an important aspect of renewable energy as green energy tax incentives continue to change on a yearly basis. As my company continues to grow, having a strong finance and accounting foundation is imperative to building and sustaining a healthy company. Electives such as “Accounting for Entrepreneurship: From Start-Up through IPO” will provide the skills I need to be successful by following the life-cycle of a business that originates as a start-up, and covers topics such as building an initial accounting infrastructure. I understand that execution of the business is as important as developing the idea and proof of concept, and Booth is the best place for me to develop financial fluency. Leading the energy transition will require a strong sense of leadership. Not only will I need to lead those I get to work with over my career, but to lead the energy transition, and reverse the impact fossil fuels have had thus far, I must have the emotional intelligence to inspire others to join me in my journey. The “Interpersonal Dynamics” course at Booth will allow me to develop my communication skills and better understand the emotions and perceptions of my colleagues. These skills, synthesized with leadership development acquired in “Leadership Practicum” will prepare me to act as a relational leader, who understands the needs of others. As a relational leader I hope to foster an environment which promotes happiness, and maximizes efficiency, not only to make our efforts in changing the world more successful, but to excite other people to join our cause.

To find the greatest chance of success in leading the energy transition, I will need a network of like-minded individuals who can provide a diversity of thought. Chicago Booth provides the opportunity to develop that network through different community experiences. The Energy Club’s “Energy Forward” conference, which designates time to topics in oil and gas and renewable energy will allow me to hear from industry leaders, build meaningful relationships with peers and contribute my sector experience to the public forum as I learn from those around me. Opportunities through the Entrepreneurship and Venture Capital Group such as “SeedCon” will help me connect with successful entrepreneurs and early-stage investors whose ideas and funding might change the course of my venture’s trajectory. Even in the GSALB program I have had the opportunity to connect with other students in various sectors, including the energy industry. I hope to continue to strengthen those connections and continue building new ones with matriculation into the full time program.

Here are several other articles that you may find helpful as you put together your MBA application:

• The Most Frequently Asked Questions on MBA Applications
• How to Answer the "Why an MBA?" Essay Question
• My Top Piece of Advice for MBA Applicants
• How I Nailed My MBA Interview and Gained Admission to Top 10 Business Schools
• 4 Expert Tips on Paying for Business School

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• MBA Managerial Economics Case Study Assignment Questions and Answers
• Homework Answers

MBA Managerial Economics Assignment Answers with Harvard Referencing Style

If you want to secure a better grade in the managerial economics course, then our Managerial Economics assignment Question Answer helps you for Achieving grades at Assignmenthelpaus.com . Get contact with us and secure grades in academic assignments as well as case study help , dissertation help , essay writing help etc.

Assignment Brief:

• Topic:  Managerial Economics Assignment
• Document Type:  MBA –1 Case Study (Q7) and Questions and Answers based Assignment (Q1, Q2, Q3, Q4, Q5 and Q6)
• Subject:  Managerial Economics
• Number of Words:  11,000words
• Citation/Referencing Style:  Harvard (in-text + citation)

Requirement:

• For Questions & Answers Based Assignment (Q1, Q2, Q3, Q4, Q5 and Q6)
• The introduction is needed for each question.
• The question has to be answered with references if any idea or information is taken from other sources.
• Note: Brief Introduction& Conclusion/Summary are needed for each question.
• References (in-text + citation) to be used – Harvard style
• Case study (Q7) should contain:
• Executive summary
• Table of content
• Introduction
• Body of assignment (questions related to case need to be answered)
• Conclusion / Recommendation if any

Answer all the questions:

Q (1) William Howe must decide whether to start a business renting beach umbrellas at an ocean resort during June, July and August of next summer. He believes he can rent each umbrella to vacationers at $5 a day, and he intends to lease 50 umbrellas for the three- month period for$3,000. To operate this business, he does not have to hire anyone (but himself), and he has no expenses other than the leasing costs and a fee of $3,000 per month to rent the business location. Howe is a college student, and if he did not operate this business, he could earn $4,000 for the Three- month period doing construction work.

(a) If there are 80 days during the summer when beach umbrellas are demanded and Howe rents All 50 of his umbrellas on each of these days, what will be his accounting profit for the Summer?

(b) What will be his economic profit for the summer?

Q (2)   A book is to be written by Britney Spears. Batman Books agrees to pay Britney $6 million for the rights to this not- yet- written memoir. According to one leading publisher, BatmanBooks could earn a profit of roughly $1.2 million if it sold 625,000 copies in hardcover. On the other hand, if it sold 375,000 copies, managers would lose about $1.3 million. Publishing executives stated that it was hard to sell more than 500,000 copies of a nonfiction hardcover book, and very exceptional to sell 1 million copies. Were Batman managers taking a substantial risk in publishing this book?

Q (3) The Government has various tools available to deal with the Market Failure, the few of the tools available to the Government was

• Price Profit Regulations
• Restrictive Trade policy and practices
• Direct Controls or Regulations
• Patents and Law of Tort
• Subsidy Policy
• Foreign Exchange Policy. Briefly provide your views on all the above to predominantly sustain for an Economy in Market forces.

Q4 (i) The Abner Corporation, a retail seller of television sets, wants to determine how many television sets it must sell to earn a profit of $12,000 per month. The price of each television set is $300, and the average variable cost is $100.

• What is the required sales volume if the Abner Corporation’s monthly fixed costs are $5,000 per month?
• If the firm sells each television set at a price of $350 rather than $300, what is the required sales volume?
• If the price is $350, and if the average variable cost is $85 rather than $100, what is the required sales volume?

Q4 (ii) All though all countries throughout the world have to face similar economic problems the economic system they adopt as a means of dealing with them will differ. Essentially there are three approaches to tackling the economic problem of allocation, distribution and utilization of resources. Comment on all the three approaches: Market – Economy, Planned – Economy and Mixed- Economy and reason out which approach will work out in UAE as a country. (The solution is Mixed – Economy)

Q5 (a)  What are the factors that cause an increase (rightward or upward shift) in demand and supply of Chocolate Bars and High-End Luxury cars (Write down at least 5 points each for demand and supply)

Q5 (b) why does the price of some goods like Airline tickets to Europe go up during the months of heaviest consumption, while others like sweet corn go down during the months of heaviest consumption?

Q (6) Housing Prices Slow down in 2017 the housing prices in the UK are rising much more slowly than in the previous Years. In 2014 & 2015 the housing prices rose by averagely 9%. The fall in the housing price is linked to higher inflation and slower wage growth, interest rates growth. Comment on your view why macro factors affect the Housing Prices. Why are housing prices of rising less rapidly than previous? Use demand /Supply diagram to explain your reasoning.

Q (7) Externalities and Air Transport The Government recognizes the benefits that the expansion in air travel has brought to people’s lives and to the economy of this country. The increased affordability of air travel has opened up the possibilities of foreign travel for many people, and it provides rapid access that is vital to many modern businesses. But we have to balance those benefits against the environmental impacts of air travel, in particular the growing contribution of aircraft emissions to climate change and the significant impact that airports can have on those living nearby.” Air travel has increased five-fold over the past 30 years, and demand is projected to be between two- and three-times current levels by 2030. Some of our major airports are already close to capacity, so failure to allow for increased capacity could have serious economic consequences, both at national and at a regional level. That must be balanced by the need to have regard for the environmental consequences of air travel. The Government believes that simply building more and more capacity to meet demand is not a sustainable way forward. Instead, a balanced approach is required which:

• Recognizes the importance of air travel to our national and regional economic prosperity, and that not providing additional capacity where it is needed would significantly damage the economy and national prosperity;”
• Reflects people’s desire to travel further and more often by air, and to take advantage of the affordability of air travel and the opportunities this brings. Seeks to reduce and minimize the impacts of airports on those who live nearby, and on the natural environment;”
• Ensures that, over time, aviation pays the external costs its activities impose on society at large – in other words, that the price of air travel reflects its environmental and social impacts;”
• Minimizes the need for airport development in new locations by making the best use of existing capacity where possible respect the rights and interests of those affected by airport development.
• Provides greater certainty tor all concerned in the planning of future airport capacity, but at the same time is sufficiently flexible to recognize and adapt to the uncertainties inherent in the long-term planning.

As part of this approach, the Government believes more needs to be done to reduce and mitigate the impacts of air transport and air development. At the global level, the government will play a major role in pressing for new solutions and stronger action by International bodies. And the White paper sets out proposals to bring the aviation within the European Union emissions trading scheme, to help limit the greenhouse gas emissions.

What is meant by Externalities? & Outline the advantages and disadvantages of Airline Travel?

For Ref…..Use #Solved2001393

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MBA in Business Economics Syllabus and Subjects

The MBA Economics syllabus combines applied economics with business studies. The course spans two years , divided into four semesters , and covers essential topics including Macro & Microeconomics, MIS, Public Finance and Taxation, and Statistical Methods . Graduates have job opportunities in both private and public sectors, with an average salary of INR 10 LPA .

Table of Content

MBA in Business Economics 1st Year Syllabus

Mba in business economics 2nd year syllabus, mba in business economics subjects in detail, semester wise mba business economics syllabus.

The MBA Economics syllabus covers various topics such as Accounting, Marketing, Statistics, Taxation, and Finance. Elective courses are offered from the second year. See tables for the semester-wise MBA Business Economics Syllabus.

The table given below highlights MBA Business Economics Syllabus for 1st Year:

The table given below highlights MBA Business Economics Syllabus for 2nd Year:

MBA in Economics Subjects

MBA in Economics subjects are classified into core, elective, and practical subjects. Internships and projects are an essential part of the MBA Business Economics syllabus. The MBA economics subjects are listed below and categorically divided:

MBA in Business Economics Core Subjects

Given below are the core subjects offered in the MBA in Economics subjects:

• Micro Economics Analysis 
• Statistical Methods
• Principles of Management
• Organizational Behaviour
• Business Accounting
• Computer Application
• Macro-Economic Analysis
• Public Finance and Taxation
• Business Environment and Communication
• Indian Financial Systems
• Advanced Study of the Indian Economy
• Business Research Methodology
• Talent Acquisition and Development

MBA in Business Economics Elective Subjects

Apart from core subjects, there are some of elective as well in the MBA in Economics sbucjects:

• Advanced Econometrics 
• Topics in Game Theory
• Simulation and Modelling in Business Management
• Marketing Research
• Logistics and Supply Chain Management
• International Marketing
• Customer Relationship Management
• Investment and Portfolio Theory and Management
• Corporate Restructuring, Mergers & Acquisitions
• Credit & Risk Management/Financial Risk Management  

MBA Economics subjects focuses on a wide variety of topics, some of which are highlighted in the table below:

MBA in Business Economics Course Structure

The MBA in Economics in India is based on the CBCS system and includes electives and projects in the 2nd year. The 1st year focuses on the fundamentals. Below is the general course structure for an MBA in Economics in India.

• IV Semesters
• Core and Elective subjects
• Project Submission
• Internship 

MBA in Business Economics Teaching Methodology and Techniques

MBA in Business Economics syllabus is taught via course content and level of study. Students must undertake an independent study to submit their final-year internship file. Some of the teaching methods and technologies in the MBA Business Economics syllabus are:  

• Case Study Methods
• Presentations
• Business Quizzes
• Field Projects and Assignments
• Guest Lecturers
• Conference Events

MBA in Business Economics Projects

In MBA Economics syllabus, projects make up a large part of the credit. They involve industry case studies to demonstrate understanding of the course material. Here are some potential project topics for MBA in Economics:

• Bank Regulation in India
• The State of India's Economy
• The Delhi Metro Project
• Lessons from Economic Financial Crises in Recent Times
• Global Economic Crises
• Free Trade and Development
• Mahatma Gandhi National Rural Employment Guarantee Act

MBA in Business Economics Reference Books

The Economics MBA syllabus lists many reference books by various authors and publishers. See examples in the table below.

Top MBA in Business Economics Colleges

Gujarat University

Ahmedabad,Gujarat

Rohtak,Haryana

Indore Professional Studies Academy

Indore,Madhya Pradesh

NIMS University

Jaipur,Rajasthan

Mewar University

Chittorgarh,Rajasthan

Atal Bihari Vajpayee Hindi Vishwavidyalaya, [ABVHV] Bhopal

Bhopal,Madhya Pradesh

CDLU - Chaudhary Devi Lal University

Sirsa,Haryana

DAVV Indore

Top Management Entrance Exams

• Eligibility Criteria

Exam Date: May 19, 2024

MBA in Business Economics Fee Structure

What are the topics of economics in MBA?

Finance, Marketing, Human Resources, Operations, Transport, and Applied Economics are subjects for the MBA in Business Economics.

What is Business Economics in MBA?

MBA in Business Economics is a field related to applied economics in relation to Finance, Marketing, Human Resources, Operations, Transport, etc.

What is the benefit of MBA in business economics?

MBA in business economics helps candidates ensure their future while assisting in landing jobs with job descriptions for project management, market research, and business forecasting.

What is the salary of MBA business economics?

The average salary of MBA in business economics is INR 4 LPA.

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Welfare Effects of Housing Transaction Taxes: A Quantitative Analysis with an Assignment Model

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Economics & Decision Sciences

Speaker: Marko Tervio 

(joint work with Niku Määttänen)

We evaluate the welfare cost of housing transaction taxes with a new assignment model based framework, where welfare effects are driven by distortions in the matching of houses and households. We calibrate the model with data from the Helsinki metropolitan region to assess the impact of a reform where we replace an ad valorem transaction tax with a revenue equivalent property tax. The aggregate welfare gain from this reform increases rapidly with the initial transaction tax rate, with the Laffer curve peaking at about 10\%. The proportion of households that lose out from the reform is nevertheless increasing in the tax rate. We compare our model-based counterfactual aggregate welfare results with welfare calculations based on reduced-form estimates from previous policy evaluation studies; they are broadly in line, despite the latter using data from different housing markets at various levels and changes of the tax rate.

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Exciting updates to Paul College’s MBA program

As part of our commitment to continuous improvement and ensuring an exceptional learning experience for our students, the Graduate Program Office is excited to share some important updates about the Paul College Online/Part-Time MBA program.

After benchmarking other online MBA programs and careful consideration of recent MBA graduate feedback about program length, program faculty have developed a more streamlined path to earning the MBA while still receiving high-quality education and credentials.

Beginning this fall (2024) we will be implementing changes, offering a faster path to graduation while maintaining the ability to complete a specialized option. The faculty has carefully evaluated the curriculum to ensure that the UNH Paul MBA education remains relevant and rigorous.

The program will now be offered as the Online or Hybrid MBA and will be comprised of 12 courses, which include 9 core courses, and 3 elective courses for a total of 36 credits. Students can complete the program 100% online or choose a hybrid model, allowing students to finish the MBA in as few as 16 months, or at a slower pace if they choose.

These changes reflect our ongoing dedication to innovation, accessibility, and student success. We believe these updates to the program will enhance the overall experience of our students and provide even greater value as they pursue the MBA with us.  

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