BUS 1050 1nd Edition Lecture 9 Outline of Last Lecture I Intro to Emmerson Outline of Current Lecture II Emmerson Philosophy Current Lecture Emmerson Nature is an outcome of God Emmersonian God Believe to establish small relationships with environment Homofaber the man maker of goods Homoeconomics Maker of money Homo Consumens Consumers If not acting as a producer you are a consumer Plato and Aristotle vs Confucius and Smith Emmerson is in between synthesis Erudite ion employs knowledge to achieve better understanding and life P142 L17 The mind acts from where they are bound to where they are wanted Comparative Advantage Political Economy David Ricardo Personal analogy Finding personal special talent could be large or small aspect One skill to drive personal opportunities Everything begins with needs Each man should take care of themselves Demoralization Poor People do not have honesty Health creates moral universe P144 L59 Clarity and applying resources P145 L34 Buying things should not cause you to be materialistic These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Satisfying wants is to execute design of desire P145 L48 Focus on intellectual laws and experiences Emmerson believes you must know finance accounting marketing management and production P149 L 35 Finance Expense derives from character and investment is safe Character Morality is logical to pay back everything P 150 L72 Spend after genius Nature goes by rules Secret of success is in the relation of income and outgo Revenue Cogs Expenses Net Profit P151 L76 Impera necessary to know when to stop You cannot mismanage Third Principle marketing Be wise take the loss and move on Fourth Principal Management Trust and friendships and relationships Production All things ascend Fixed Cost Variable Cost Total Costs Contribution amount after total cost is met Could be used back for profit or future fixed cost P153 L15 And L41 Invest and invest Reinvest Emmerson conjunction Richest are most honest and your duty is to get rich Spiritualize the world through production Emmerson P164 The love of money is the root of all evil P165 Emmersonian nature Making an idol of money and obscures common sense Production of things turn us into crude species
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