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The Dark Knight movie actually delivers some economics practice in it. Two things explained in the video above by ACDCLeadership are about Oligopoly and Game Theory. Hopefully, this video can help us to get better understanding of these two terms in economics. Enjoy the video!

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According to International Data Corporation (IDC)’s latest report, despite the whole Galaxy Note 7 fiasco last year, Samsung remains as the top smartphone brand in Malaysia. 

OPPO and Huawei takes second and third spot respectively, to make up the top 3 brands that took up more than 50% of the Malaysian market share in 2016. 

Compared to 2015, smartphone shipments in Malaysia had dropped by 5.9%. This could be due to various negative economic factors, which included the weakening of Malaysian Ringgit against the US Dollar, as well as the rising costs of living in Malaysia.



While smartphone shipments were generally on a decline on a yearly basis, in the last 3 months of 2016, smartphone shipments picked up. 

Samsung took first spot, taking up 32.8% of the market share, followed by Apple (13.1%) and OPPO (10.9%). Huawei and Asus filled up the fourth and fifth spot with 8.2% and 7.7% market shares respectively.
Samsung maintained its lead while selling 77.2% more phones than the same period in 2015. IDC attributed Samsung’s success to the popularity of its Galaxy J series which jives well with the budget conscious crowd. 
Apple’s launch of the iPhone 7 and 7 Plus in mid-October caused a spike in their market share in the last quarter. 
Rounding up the Top 3, OPPO made the largest growth in the fourth quarter, by having a 109.3% increase of market share over the same period in 2015, which IDC attributed to its marketing initiatives, focusing on few key products like the F1 series, which gained a large following among the selfie generation. 
Huawei remained solidly on 4th place in 2016Q4, with its Huawei P9 series remaining popular despite being almost a year into its release, while ASUS dropped to 5th place for the same period of time.


Looking at 2016 as an overall,
Samsung remained the best selling smartphone brand,with 34.3% market share, selling a total of over 3 million smartphones with a steady 17.2% growth. 


OPPO, the surprise entrant 

securing second place by took up 10.2% market share, selling 916,000 smartphones in 2016, with the highest growth of 66.8!
















Huawei sold 852,000 smartphones in 2016, taking third place with 9.7% market share. ASUS, which shipped considerably less smartphones compared to the previous year, is placed fourth with 9.6% market share, a drop of 43.3% compared to 2015. This is partly due to its latest range of ZenFone 3 having higher price tags, which, whilst making a marked improvement over its predecessor, is probably priced a little higher compared to the more budget friendly ZenFone 2 which was released in 2015. Making up the Top 5 brands would be Apple at fifth spot with 8.1% of total market share.

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Study Economics and learn about economic theory, develop your skills of logical thinking and pick up some great interpersonal skills along the way!

Choice is at the heart of all decision making. Individuals, businesses and governments are all faced with making choices in situations where resources are scarce. This is where a knowledge of economics is vital.

Economics applies to most aspects of everyday life. By studying economics you will examine topics of obvious importance to human well-being. Economics is applicable in a wide range of fields, including:
•                     Business
•                     Finance
•                     Administration
•                     Law
•                     Local and national government

Increasingly, policy debate in all areas is being cast in economic terms. Understanding most current issues requires knowledge of economics.

Economics provides a valuable set of intellectual skills

Economics is more than just a subject it’s a way of thinking. It provides a logical way of looking at a variety of issues.

Practise the analytical techniques employed in economics and learn to develop your:
•                     General literacy
•                     Communication and numeracy skills
•                     Skills of abstraction (balancing simplification against relevance)
•                     Skills of logical deduction
•                     Critical thinking

Studying Economics provides insights into:
•                     The general environment of resource allocation decisions
•                     Opportunity costs and trade-offs
•                     Project evaluation and government policy


These are crucially important in many areas. Often these insights are not obvious, and can be counter-intuitive to those who don't apply economic reasoning.
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