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Macroeconomics Essay

Macroeconomics Essay

9 pages (2250 words)
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... 8 September 2007 Macroeconomics PROBLEMS 4. a. The GDP of Australia increased during 1993, 1994, 1995, 1996; fastest growth is from 1995-1996 b. The GDP of Japan decreased during 1990, 1991, and from 1994, 1995; fastest decline in from 1990-1991 c. The economies of Japan and Australia both suffered contractions in GDP from 1989-1991. Recovery in Japan started a year earlier than Australia. However, Australia's economy has experienced sustained growth from 1992 to 1996. Japan, on the other hand, suffered another contraction from 1994 to 1995 but managed to posts increases in GDP during the following year. 6. a. The US economy is currently on expansion evidenced by the increasing trend in quarterly...
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How does the study of microeconomics differ from that of macroeconomics

How does the study of microeconomics differ from that of macroeconomics

2 pages (500 words) , Download 0
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... July 27, How does the study of microeconomics differ from that of macroeconomics? Give one example each of an issue studiedin microeconomics and in macroeconomics. Economics, as the name indicates, is the study of the economy. More formally, it can be described as the social science of how people, organizations and nations use scarce resources available to them. The underlying basis is scarcity, because that involves choice; and this selection is the subject matter studied under economics. Economics can broadly be categorized into two branches; Microeconomics and Macroeconomics. Microeconomics deals with the functioning of individual units within an economy. These are primarily individual households ...
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Original topic in Advanced MAcroeconomics

Original topic in Advanced MAcroeconomics

10 pages (2500 words)
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... the Global Financial Crisis lead to a convergence or divergence in the monetary policies of developed and developing countries? Key Economic Differences between Developed and Developing Countries Developed and developing countries differ in many areas. Some key differences from an economic point of view are the five major indicators of macroeconomics: GDP growth, Balance of payments, per capita income, inflation rate and unemployment rate. In developed countries GDP and per capita income are high whereas inflation rate and unemployment rate are generally between low to medium. The balance of payments is either in surplus or occasionally in deficit. On the other hand in developing countries, the GDP a...
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Explain the difference between macroeconomics and microeconomics. How are these two fields related

Explain the difference between macroeconomics and microeconomics. How are these two fields related

4 pages (1000 words)
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... the difference between macro economics and micro economics. How are these two fields related?" Economics is a social science that analyzes and describes the consequences of choices made regarding scarce resources. It is the study of how individuals and societies utilize those resources which lie in the following questions; what commodities and services will be produced, how they will be produced, and how they will be distributed among the members of the society. The field of economics is divided into two different areas: Micro-economics and Macro-economics. Microeconomics is concerned with the fundamentals such as the supply and demand theories and it determines how individuals choose different...
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Economic Commentary Section 3: Macroeconomics

Economic Commentary Section 3: Macroeconomics

3 pages (750 words)
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... Economic Commentary: Macroeconomics Fat tax" could save 3,200 lives each year By Peter Griffiths) Introduction Ever since the link between fatty foods and health problems like cholesterol, high blood pressure, cardiac troubles, diabetics etc have been established, the call for reduction in fat food usage is on the air, but with not much success. People are not much concerned with the long term consequences at the expense of short term benefits. Fatty foods are tastier than other food items which forces the public to use it more frequently than any other food items. This paper is written as a commentary of the article "Fat tax could save 3,200 lives each year” written by Peter Griffiths and published ...
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Macroeconomics Environment of Business

Macroeconomics Environment of Business

11 pages (2750 words)
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... Environment of Business Q Discuss whether or not the foregoing means that the advantages of the Euro have failed to materialize. If not, explain why not. Ans: 1: Euro is the currency of twelve European Union countries, stretching from the Mediterranean to the Arctic Circle (namely Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland). Euro came into existence on 1st January 1999 when eleven (later twelve) EU countries established the conversion rates between their respective national currencies and Euro with formal circulation of bank notes and coins from 1st January 2002. It was in 1957 when a formal vision of Common European Market was...
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Applied international macroeconomics projet between 1956 1986

Applied international macroeconomics projet between 1956 1986

4 pages (1000 words)
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... INTERNATIONAL MACROECONOMICS: TUNISIA PROJECT 1956 - 1986 Applied International Macroeconomics: Tunisia Project 1956 - 1986 Introduction Tunisia, officially known as the Tunisian Republic, is a country situated on the Mediterranean coast of North Africa, bordering with Algeria to the west and Libya to the southeast. Tunisia got its independence from the French colonialism in March 20, 1956 and Habib Bourguib became the president of new state. He established a strict one-party political system with a strong hold on economy and state resources and their allocation. One of Tunisia's outstanding characteristics is its rema...
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Macroeconomics Master Research Paper

Macroeconomics Master Research Paper

11 pages (2750 words)
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... Social cost function: L = U2 + y 2 Phillips curve: U = U e) a. First order condition. (dL/d = 0) let e) be = p U = U' - p L= (U' - p) 2 + y 2 L = U'2 - 2U'p + p 2 + y 2 Substitute for p L = U'2 - 2U'[ ( - e)]+ [ ( - e)] 2 + y 2 L = U'2 - 2U' +2U' e+ 2 2 - 2 2e + 2e+1 + y 2 dL/d = - 2U' + 2U' e-1+22 - 2 2e+ 2e+ 2y dL/d = - 2U' + 2U' e-1+22 - 2e+ 2y = 0 2y +22 = 2U'- 2U' e-1+ 2e (2y+22)= 2U'- 2U' e-1+ 2e = (2U'- 2U' e-1+ 2e) / (2y+22) b. inflation and natural rate of inflation given that = (2U'- 2U' e-1+ 2e) / (2y+22) and that the natural unemployment rises U' increases: = [2U' (1 - e-1)+ 2e] / (2y+22) If U' increases we expect that inflation will decline, given that 2U'1...
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Macroeconomics in Unemployment

Macroeconomics in Unemployment

6 pages (1500 words)
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... MACROECONIMCS IN UNEMPLOYMENT [Task] MACROECONOMICS IN UNEMPLOYMENT Unemployment, also called joblessness, is an economic state in which competent and skilled persons seeking job opportunities fail to get any. High rate of unemployment is characteristic of a struggling economy. Countries that have a high rate of unemployment are said to under utilize their resources. As the world’s population grows, job opportunities continue to shrink. This situation is getting worse by the day, as countries that have demonstrated their ability to eradicate unemployment have fallen into it again. For instance, in 2011, the United States plunged into its worst unemployment rate in decades, 7% (Domino, 2011)....
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Macroeconomics Term Paper

Macroeconomics Term Paper

8 pages (2000 words) , Download 1
... Term paper Table of Content Table of Content 2 Introduction 3 Analysis 3 Imprudent lending 4 Interest rate manipulation 6 Change in SEC Rule 7 Debt to Income ratio 7 Unemployment 8 Fall in Demand 9 Conclusion 10 References 11 Appendix 12 Introduction The prevailing economic slowdown in US and the world has emanated from the subprime mortgage crisis in the US. In the US, the subprime crisis got started due to the imprudent lenders, mainly the subprime lenders disbursing loans to entities or individuals who were undeserving of loans and had low ratings in terms of credit worthiness. This was being done in hope that the US housing prices would go up always but when to the contrary they started fal...
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Macroeconomics Term Paper

Macroeconomics Term Paper

5 pages (1250 words)
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... Term Paper The project discusses about the recent financial crisis. The causes of the crisis and the after effects will alsobe discussed. Finally, the policies that have the potential to address the issue will be taken under consideration. Introduction The global financial crisis began to shed the impact from the middle of the year 2007. Economists consider the global financial crisis to be the worst scenario after the Great Depression of 1930s (Chari, Christiano and Kehoe, 2008, 1). The stock markets fell around the world. The governments of almost all the nations had to come up with packages that are required to move out from such a situation. The financial crisis will shed its impacts around the ...
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Dynamic Macroeconomics. Discretionary monetary policy and inflation-targeting regime

Dynamic Macroeconomics. Discretionary monetary policy and inflation-targeting regime

6 pages (1500 words)
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... macroeconomics What are the major characteristics of an inflation-targeting regime? The adoptionof the free floating exchange rate regime as the significance of the underlying balance of payments catastrophe of the year 1994-1995 made the exchange rate to cease from being the policy instrument that amalgamates inflation prospects around the prevailing authority’s objectives (Fischer, 1993, pp485-512). Monetary policy has thus become in technical term the economic’s nominal anchor. The monetary policy regime was modified with the objective of escalating its underlying effectiveness and corresponding transparency in the face of the alterations by the Mexico’s economy. Due to that the policy has...
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Macroeconomics- methods of Economic growth for Singapore and Hong Kong

Macroeconomics- methods of Economic growth for Singapore and Hong Kong

4 pages (1000 words)
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... methods of Economic growth for Singapore and Hong Kong Introduction Singapore and Hong Kong were newly industrialized states during the 1970s and 1980s. Strategy for economic growth in the cities is important because they are industrialized nations. They need a market economy, to be their priority. Today, World Bank is currently advising newly developed nations on best ways to accelerate their economic growth and realize their potential. The following article is going to look for the different ways that are suitable for Singapore and Hong Kong’s economic growth. Methods used to encourage economic growth Market Economy – It is an economy in which decisions that regard production, investment, and distr...
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Macroeconomics: Production Costs

Macroeconomics: Production Costs

15 pages (3750 words)
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... Al Thani Microeconomics: Production Costs Fall - Econ 202 – 002 Sabo Macroeconomics: Production Costs Production is the creation of goods through transformation of inputs into finished products that satisfy consumer needs and wants. Every business organizations engaged in transformation of inputs into finished products incurs certain specific costs. Costs of producing a commodity is influenced by the cost of technology used, resources applied, as well as the costs of inputs employed in the production process. These costs are inevitable and usually included within commodity prices. The following is a discussion of production costs that business organizations incur in the process of creating goods for ...
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Critical Analysis of a Macroeconomics Article

Critical Analysis of a Macroeconomics Article

4 pages (1000 words)
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... Policy and Diversity Conservation I. Summary of the Article The article d “Macroeconomic Policy and Biodiversity Conservation” pointed out that economic expansion is the biggest threat to biodiversity conservation. The article elaborated on how economic expansion tends to consume resources beyond the regenarative capacity of our natural capital to the detriment of our ecosphere and subsequent loss of biodiversity. That if the market would be left unfettered to take its natural course, it will create growth that is unsustainable and will endanger the availability of natural resources in the future. The article also pointed out the limitations of the government’s macroeconomic instruments (i.e....
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The Current Crisis Sheds More Light on Macroeconomics than vice-versa

The Current Crisis Sheds More Light on Macroeconomics than vice-versa

12 pages (3000 words)
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... “The current crisis sheds more light on macroeconomics than vice-versa”. Discuss. Overview of the Topic Literally, the topic means that the currentcrisis reveals more information on macroeconomics than macroeconomics reveals more information on the current crisis. Conceptually, the topic wants to put up the argument that the factors in the current economic crisis and the trend of its exposes the weaknesses associated with present day global macroeconomics practice. Taking a stand contrary to the topic would mean that a person believes that macroeconomics has been perfect, well utilized, correctly administered and that the current crisis is not as a result of the macroeconomics (Gabby, 2009). On a...
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Macroeconomics Objectives of Governments

Macroeconomics Objectives of Governments

6 pages (1500 words)
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... Macroeconomic objectives of governments Number Department Word Count 517 Introduction Governments, the world over, have about half-dozen main macroeconomic objectives, which they generally desire to track. These include; more economic growth or actual increases in Gross Domestic Product; control of inflation; reduction in joblessness; control of balance between costs on current account; better distribution of income; and environmental conservation. Government priorities however, differ according to the political ideology, and organizational factors such as the role of Central Bank, whose main role is the formulation of monetary policy. Some governments prioritize the management of inflation, in its...
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Introductory Economics (Macroeconomics)

Introductory Economics (Macroeconomics)

7 pages (1750 words)
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... Economics Contents Contents 2 U.K. Forward Guidance Policy Revision 3 Impact of Changes in Monetary Policy 4 Role of Quantitative Easing9 Reference List 11 U.K. Forward Guidance Policy Revision The fiscal activities in an economy are substantially dependent on monetary policies undertaken by the central bank. In the contemporary era, the central bank is considered as the pivotal institution determining the scope and scale of economic transactions undertaken by a nation. The article claims that the present Governor of the Bank of England, Mark Carney, has recently stated that the bank had overvalued the interest rate policy in the nation (BBC, 2014). Through the Forward Guidance Policy, central bank...
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Macroeconomics: Product Possibilities and Opportunity Cost

Macroeconomics: Product Possibilities and Opportunity Cost

3 pages (750 words)
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... Section One: a. Production Possibilities and Opportunity Cost The topic on Production Possibilities and Opportunity Cost is a major topic in chapter 2. The chapter addresses the topic based on PPF and marginal cost. Marginal cost is the extra cost incurred from producing of more of a commodity in the expense of another commodity. In other words, the marginal cost is the opportunity cost incurred from a production decision. According to Caroline Henshaw’s article, production of biofuels will result into a drastic increase in food prices. This article indicates that biofuels are unlikely to produce the expected energy solutions but they will instead create new energy problems. This article is related...
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Economics Coursework - Macroeconomics, Unemployment and Inflation

Economics Coursework - Macroeconomics, Unemployment and Inflation

4 pages (1000 words)
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... PORTFOLIO Macroeconomics, Unemployment and Inflation Source article: “Inflows from Zimbabwe to South Africa Test both”, www.nytimes.comSummary In many nations in this world the residents of the land are not as fortunate as the American, European, Australian and other people living in developed nations. The African continent has __ country of which most of them are living in extremely levels of poverty. One of the African countries with a better economy, even though there are still living below the national level of poverty of the federal government is South Africa. Zimbabwe is a country located in the borders of South Africa. In this country the economic is facing a disastrous hyperinflation of 4530...
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Macroeconomics for business and government

Macroeconomics for business and government

6 pages (1500 words)
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... This assignment is designed to test your knowledge about the basic terminology used in macroeconomics and your understanding of key macroeconomic concepts. It will also reinforce what is studied in modules 1, 2 and part of module 3. The assignment is made up two parts: part A and part B. The questions in Part A will be marked out of a maximum of 20 marks, and the questions in Part B will be marked out of a maximum of 30 marks in total. Part A This part comprises ten multiple choice questions each worth 2 marks. These questions are designed to test your knowledge of the course content. The questions in this section are typical of the kind of question that will be in part A of the examination paper....
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Monetary Macroeconomics and Policy assignment

Monetary Macroeconomics and Policy assignment

3 pages (750 words)
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... Monetary Macroeconomics and Policy Question a) Financial frictions falls under the supply shock. Increased financial frictions automatically increase information asymmetry and as a result, there is some form of financial instability. Due to the instability in the financial system, the system lacks the capability of providing funds to those with wide investment opportunities and this leads to higher costs of production (Michael, 46). Higher costs of production lead to lower productivity in the short run. In the long run, the higher cost of production accompanied by lower productivity will lead to a higher level of inflation. Short run ...
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Macroeconomics-long run effect on budget cutting in the uk
Macroeconomics-long run effect on budget cutting in the uk
9 pages (2250 words)
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... long-run effect on budget cutting in the UK Introduction It has been observed that when the new Conservative-Liberal Democrat government came into power in 2010, the first thing it did was to cut the state spending to an extent, that has been estimated to be the highest post second world war. This project aims to understand the impact of the budget cut on the macroeconomic variables like real wages, investment, national saving, real interest rate, nominal exchange rate, real exchange rate and trade balance in the long run. The term nominal interest rate represents the rate of interest before taking inflation into account and the term real interest rate explains the real cost of funds to the borrower ...
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Macroeconomics

Macroeconomics

40 pages (10000 words)
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... of Contents Table of Contents Chapter Introduction 2 0. Introduction 2 2. Research Questions 3 3. Significance of the Study 4 4. Methodology 4 1.5. Structure of the Dissertation 5 Chapter 2 Literature Review 6 2.0. Introduction 6 2.1. US Dollar: Pre-eminence, Roles, and Current Performance 8 2.1.1. Pre-eminence of US Dollar 8 2.1.2. The Role of US Dollar 11 2.1.3. US Dollar: Functions and Current Stature 13 2.1.4. Benefits that Accrue to US Dollar as the Preferred International Currency 18 2.2. The Debate 21 2.2.1. The Return of the Triffin Dilemma 21 2.2.2. The Future of US Dollar: Still the Preferred International Currency 23 2.2.3. The Future of US Dollar: The Beginning of the End 26 2.2.4. The...
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Intermediate Macroeconomics

Intermediate Macroeconomics

4 pages (1000 words)
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... Effect of Oil Price Changes on the Buying and Selling Economies Introduction Crude oil is the naturally occurring mineral resource extracted fromfossil trapped beneath the earth’s surface and hence, also known as fossil fuel. The countries in the Middle East region are the leading producers of crude oil in the world. In this part of the world, some of the largest oil mines are located and also the density of these mines is very high. These countries include Saudi Arabia, Iran, Iraq, Kuwait, United Arab Emirates, Libya, Qatar, and many more. Beside the countries in the Middle East, there are also some other countries located in the diverse regions of the world that are also amid the major producer of ...
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Article Analysis Report (Macroeconomics)

Article Analysis Report (Macroeconomics)

8 pages (2000 words)
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... Analysis Report (Macroeconomics) Table of Contents Table of Contents 2 Introduction 3 Reviewing the Articles 3 A Theoretical Analysis of theIssue 5 Conclusion 9 References 10 Introduction Today, even the leading and certainly the most praised economies are witnessing various economic challenges which in turn tend to create a significant impact on its global presence. For instance, the current economic situations faced by the US economy depicts greater challenges for the nation in the upcoming years and therefore has been considered as a vital matter for study by various experts. Although economic hazards are no exceptions in todays scenario, analyzing and anticipating the future challenges have...
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Macroeconomics

Macroeconomics

3 pages (750 words)
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... Question one High inflation affects store of value function of money most. Inflation normally, erodes money value. Inflation raises transaction prices. By reducing real balances, inflation makes transactions expensive particularly investment transactions. In turn, capital accumulation is reduced leading to a decline in output. Persistent rise in prices tend to make the volatility of the inflation rate to increase. This makes it even harder to place a money value. Question two a) Amount issued by the central bank of Fiji in Fijian dollars=$1,000,000. If there is none of currency that Fijians have deposited in Fijians banks, then the money in supply is equivalent to the amount with the public. Hence, ...
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Macroeconomics Keynesian and Classical Model

Macroeconomics Keynesian and Classical Model

10 pages (2500 words) , Download 1
... With reference to the basic Keynesian model, explain how a specific change in income will restore equilibrium following a fall in investment spending. Outline what would occur in the labor market with respect to wages and employment. Keynesian Model Lets have a brief look at the Keynesian aggregate supply and demand curve before going into the details of the question. Aggregate supply curve is horizontal indicating that firms will supply whatever amount of goods is demanded at the existing price level. Aggregate demand curve would show the level of output at the given price level at which goods and money market are in equilibrium. Given below is the diagram showing a horizontal aggregate supply curv...
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The Macroeconomics of Financial Crises: How Risk Premiums and Liquidity Traps Affect Policy Options

The Macroeconomics of Financial Crises: How Risk Premiums and Liquidity Traps Affect Policy Options

8 pages (2000 words)
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... The Macroeconomics of Financial Crises: How Risk Premiums and Liquidity Traps Affect Policy Options Part The Emergence of Large and Volatile Risk-Premiums during the Financial Crisis Mostly, business cycle models are affected by the unprecedented large and perhaps risk-premiums, which come during financial crisis (Fontana & Setterfield, 2009, p. 27). If not carefully checked and corrected, the country risk experiencing recession and subsequent depression, a situation that poses a lot of challenges in micro-enterprises, especially during moments of economic crisis (Fontana & Setterfield, 2009, p. 103). Due to this problem, the economists urge business practitioners in different countries to adopt new ...
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Macroeconomics

Macroeconomics

2 pages (500 words)
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... vis-a-vis Keynes Perhaps two of the most contrasting economist whose economic supposition is in almost diametric opposition against each otheris Friedrich August Hayek and John Maynard Keynes. Hayek was a stout defender of free market and classical liberal idea and against centralized planning and socialist economies while Keynes was for modern liberalism and espoused government intervention in a given economy to lift it from economic depression. Hayek totally abhorred collectivism believing that such structure can only be maintained by a centralized authority which could subsequently lead into totalitarianism. He believes that it is only free market, in contrast to a socialist or mixed economy, can ...
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Macroeconomics

Macroeconomics

1 pages (250 words)
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... The cost of earning a college degree will be measured not only in terms of the fee paid, but also in terms of the opportunity costs. The opportunity costs of earning a college degree will be the time and effort that could be spent elsewhere. 2) The real value of money will be falling due to inflation. Similarly, you will not be earning the interest that you could have earned if the money the money is deposited in bank. Stuffing money under a mattress will be a good idea, if the inflation is rising faster than the interest that the bank is giving. 3) The costs that will be considered will be opportunity cost of your time and the cost of travelling. Other costs will be how much money you will have to...
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Macroeconomics

Macroeconomics

7 pages (1750 words)
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... paper examines one of the most important concepts in the field of economics, inflation. It covers in detail, and identifies the word ‘inflation’, and gives a brief explanation of the types of inflation that are prevalent in the world. Furthermore, the most important causes of inflation are also discussed, along with its effects on the whole economy. Introduction Since 2007, the world has experienced a severe recession, and many of the world’s economies has witnessed their citizens being unemployed. Corporations are firing people and getting rid of workers. This has resulted in a decrease in production, and hence, the world’s Gross Domestic Product (GDP). Other problems such as the crash of the ho...
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Macroeconomics

Macroeconomics

6 pages (1500 words)
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... Federal Budget Deficit Introduction The Congress adopts laws, makes declarations of war and acts as anoverseer of the executive and judicial branch but its most significant annual duty is to craft the federal budget which determines how federal revenues will be allocated. More $3 trillion this fiscal year, generated primarily from tax income, is portioned out to everything the federal government funds. A small list includes the national defense, space exploration, health care, farm subsidies, veterans’ affairs, FBI, CIA, HUD, FDA, EPA, on and on. If Congress spends more than is collected, the country incurs a debt and must borrow money from foreign countries, mainly China, to remain operational. ...
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Macroeconomics and Microeconomics,Government spending and Fiscal Policy, Taxation,

Macroeconomics and Microeconomics,Government spending and Fiscal Policy, Taxation,

8 pages (2000 words)
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... Introduction to Micro and Macro Economics What is the difference between macroeconomics and microeconomics? Which is more interesting and important? 1. Micro means limited and macro means over all, microeconomics refers to the study that is made on individual level and macroeconomics is a study that is conducted for a huge population. Since the decisions made on macro level impact a greater amount of people, it is more important than micro level but while making macro level decisions, micro level decisions need to be given equal importance. What is GDP? How is it measured? What are the strengths and weaknesses of the measure? 2. GDP refers to the monetary value placed on all the set of goods and ser...
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Macroeconomics

Macroeconomics

4 pages (1000 words)
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... Economics Part Introduction In this case, unemployment in very high, interest rate is almost zero, inflation is about 2% per anum, GDP growth is less than 2% per year; the Fed and government needs to take make amendments in fiscal and monetary policies to control the situation while keeping the inflation rate same. Actions against the situation Firstly the step should be taken by the Fed and the government is to increase the nominal interest rate to slow down the effect of inflation, economy needs a stable interest rate otherwise overflow of money supply can outrun the performance of economy and may increase in fiscal deficit and when the interest rate becomes too low, unemployment rises enormously. ...
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Macroeconomics

Macroeconomics

4 pages (1000 words)
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... i. The value of GDP at market prices for 2008 can be calculated as follows: [Consumption expenditure + Investmnet + Government expenditure + (exports – imports}] = ? [892,194 + 240,361 + 314,044 + 422,905 - 460,665] million = ? 1,408,839 million The value of GDP at market prices for 2008 can be calculated as follows: [Consumption expenditure + Investmnet + Government expenditure + (exports – imports}] = ? [872,914+ 205,063+ 327,682+ 386,648- 418,671] million = ? 1,373,636 million ii. The growth of GDP from 2008 to 2009 is [(1,373,636-1,408,839)/ 1,408,839]*100 = -2.5% (approximately) iii. The UK is running trade deficit in both of the years as exports are lower than imports in 2008 as well as in...
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MACROECONOMICS

MACROECONOMICS

6 pages (1500 words)
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... Each point on the Aggregate Demand curve represents short run equilibrium in the economy. During recession, the output declines. This is eitherbecause any one of the components of aggregate demand (AD) including consumption (C), investment (I), government spending (G) and net exports (NX) decreases or the price level increases. Since the UK economy was severely hit by the Global Financial Crisis, it faced rising unemployment because of recession and low aggregate demand. The spending power of the people was low and a lot of people were laid off due to which AD further dropped. Also there was a bank crisis due to which consumption fell and so did the investments. This results in the shift of the AD...
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Macroeconomics

Macroeconomics

6 pages (1500 words)
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... Demand for Money Demand in economics means effective demand, which can be defined as a desire backed by willingness and ability to pay for a particular product. Thus, in order for a demand to be effective, three important factors namely the desire to buy, willingness to buy and ability to buy are the important factors (ICFAI Center for Management Research (ICMR)). The law of demand says that ceteris paribus when the price of a product is high, quantity demanded is low, and vice versa. In other words, other factors remaining the same, the demand for a product is inversely related to the price. When the relationship between demand and price is illustrated in a graphical form it is called the dema...
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Macroeconomics

Macroeconomics

3 pages (750 words)
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... College: How does interest rate enter the determination of consumption and of investment? The interest rate is first and foremost determined by the demand and supplies that in the market. Next the consumer will have to decide how much goods on credit they are able consumer at the moment or in future. However since more goods will be needed in future, these might cost more due to interest rates. Thus they are faced with a consumer preference as postulated in the graphs below. (Balvers, Cosimano & McDonald, 1109-1128) (Balvers, Cosimano & McDonald, 1109-1128) From the above curves, at consumption U1, they derive equal satisfaction irrespective of time of consumption. But since the inter...
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Macroeconomics

Macroeconomics

1 pages (250 words)
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... Recession in the US Economy in 2007 The Events that Led to the Recession The US economy recession of 2007 was manifested in the form of liquidity crisis caused by a plummet in the real estate pricing and consequently the collapse of the US subprime mortgage industry. This crisis was mainly caused by financial instruments such as securitization where financial institutions particularly investment banks would borrow money from huge investors and convert the loans into sellable assets, thus divesting risky loans onto others. Prior to this, the central bank had reduced the borrowing interest rates to 1% following the 9/11 tragedy. While this was unfavourable for many investors who had invested in...
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Macroeconomics

Macroeconomics

3 pages (750 words)
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... Briefly describe Hong Kong’s economy (background, GDP, growth rate, etc Hong Kong is an example of a dynamic yet open market economy, mainly characterized by free trade and liberalization of their investment and trade policies. It has strong banking system, virtually no public debt, sound judicial system and ample foreign exchange reserves with strong GDP. GDP (2009): $209.3 billion GDP real growth rate (according to IMF 2009): negative 2.8% GDP real growth rate (according to CIA world of fact book 2010): 5.7% Per capita GDP (2009): $29,879 The service sector occupies larger portion in economy when compared to the manufacturing sector whose contribution is 2.3% only. Briefly identify and explain...
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Macroeconomics

Macroeconomics

2 pages (500 words)
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... The current financial crisis wrecking havoc in the US, just as it is in many other parts of the globe, have raised concerns that pertainto a number of issues, some of which are serious and indeed require policy interventions. One of the serious issues is related with the question of regulating the interest rates in accordance with the trends in the money and capital markets. Hence it is the mission of Federal Reserve Bank (Fed) to keep the economy on a proper and healthy track by controlling and maintaining inflation and employment in a balanced way. When the economy falls into recession or deflation, Fed normally cuts the interest rates and takes suitable policies to maintain the low interest...
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Macroeconomics

Macroeconomics

2 pages (500 words)
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... INFLATION The word ‘inflation’ has the dubious distinction of being the most widely used economic word in the U.S. media. Inflation refers to the continuous increase in prices throughout the national economy (Hellerstein). The Inflation Rate is measured by the percentage change in the price level {an average of all prices called the ‘Consumer Price Index’ [CPI-U]}(Jensen). There is no doubt that high inflation rates are disruptive, as it lowers economic growth rate and raises doubts about future price and income trends (South-West College). Public fears tend to alarmingly rise if the inflation rate hits 5 or 6 percent; consequently, when levels climb to double digit levels {as it did in the mid/late ...
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Macroeconomics

Macroeconomics

2 pages (500 words)
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... GDP Research Paper (Based on the Database of the Bureau of Economic Analysis What trends in real GDP have occurred in the time period shown inthe BEA release highlights document? As of May 30, 2013 release highlights of BEA, the real GDP grew at the rate of 2.4% in the 1st quarter of this year, which was better than the first quarters of 2010, 2011, and 2012. See Figure 1 in the Appendix Section. In terms of quarterly trend, the data in 2011 and 2012 showed quarterly fluctuation, so that the 2nd quarter of 2013 may or may not be lower or higher than that of the first quarter of 2013. The statistics show that the 2nd quarter in 2010 has a slightly lower growth rate. In 2011, the 2nd quarter had a muc...
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Macroeconomics

Macroeconomics

3 pages (750 words)
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... Report The interview is a Civil Engineer from Pakistan. His is Zan. Zan is 26 years old, and is engaged in his PhD studies from a reputable university here on scholarship. Zan is single. He has two brothers and two sisters who live with his parents in Pakistan. Zan graduated from the engineering university in 2008. As he graduated, he was very optimistic that he would get a wonderful job, and he actually got it. However, the salary was only Rs. 10,000/- equivalent to almost US$117 per month. His seniors working in UAE encouraged him to go there as the salaries there were considerably high even for the beginners e.g. US$1000 per month. Zan gained the required documents and was all set to leave for UA...
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Macroeconomics

Macroeconomics

4 pages (1000 words)
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... Supply Curve Aggregate supply is the total supply of goods and services produced within an economy at a given overall price level within a specified time period. It is represented by the aggregate supply curve during a given time period that shows the total supply of goods and services that the firms are willing to offer to the economy during a specified time period at a given overall price levels. Normally, there exists a positive relationship between the aggregate supply level and the price levels upon which that annual supply curve has been made. Aggregate supply function of the economy is also referred to as total supply of the economy as shows the total supply of goods and services that the...
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Macroeconomics

Macroeconomics

6 pages (1500 words)
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... What is meant by GDP and how is it measured In your answer make clear any difficulties associated with this measurement A country's Gross Domestic Product (GDP) is an important indicator of its performance. The most common measure of GDP is called expenditure method which aggregates the country's consumption, investment, government spending, and net exports. Consumption denotes household expenditure for goods and services while investment refers to business spending on capital. Government spending is comprised of public expenses to finance projects to the benefit of the whole economy. Examples are bridges, schools and other public infrastructures. Net export, on the other hand refers to the inflow...
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Macroeconomics

Macroeconomics

6 pages (1500 words)
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... Introduction. The regulatory ities often employ fiscal policy, monetary policy or a combination of both to sway the economy back to a desired equilibrium position. The manner in which the government employs both policies may result to crowding-out or crowding-in. This paper is aimed at explaining crowding-out using either the IS-LM or the Philips’s curve and to show how it affects the economy as it is used as a tool for achieving economic objectives of monetary and fiscal authorities. To achieve this objective, the IS/LM model will be employed to see how various policy measures affect the interest rate, budget surplus and deficit (Visser, 2004). We begin by defining fiscal policy and monetary...
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Macroeconomics

Macroeconomics

2 pages (500 words)
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... A With respect to the increase in smartphone prices from $200 to$222, there was a need to increase the supply from 10,000 units to 12,000 units. In that regard, the elasticity of supply becomes an important case to consider. After application of the case into the model for finding elasticity and in this case from the calculation of elasticity and using the prices and quantities provided, the result is that the Elasticity of supply is 1.7. It is an indication of that the stretch is by 1.7 hence a positive indicator. This shows that the supply is elasticity and hence can be considered by the company as a way to increase on the revenue stream. Problem B Public and private goods Human being depends on go...
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Macroeconomics

Macroeconomics

4 pages (1000 words)
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... article I selected to analyze from the New York Times business section is called A Conversation with Tyler Cowen written by David Leonhardt. Thearticle is written in interview format. The main thesis of the article states that the United States has endured an economic slowdown due to the fact that there has been a slowdown in the amount of innovation breakthroughs the United States generates. Innovation is important because it creates new products that can be manufactured, thus the innovation leads to job creation for the community. An area in which the United States has kept its dominance worldwide in regards to innovation is the pharmaceutical industry. The industry generates a lot of revenues for ...
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