StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Analysis of news article in relation to macroeconomic concepts - Term Paper Example

Cite this document
Summary
Analysis of News Article in Relation to Macroeconomic Concepts Name: Institution: ANALYSIS OF NEWS ARTICLE IN RELATION TO MACROECONOMIC CONCEPTS Introduction Universities, as well as other institutions of higher learning, are vital to economic growth. They have an essential role in the Canadian society and economy, innovation and research, as well as growing of future talent…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Analysis of news article in relation to macroeconomic concepts
Read Text Preview

Extract of sample "Analysis of news article in relation to macroeconomic concepts"

Download file to see previous pages

It is important to strengthen the Canadian economic vision that is built on innovation and knowledge, which is driven by a diverse and successful university sector (Yusuf & Nabeshima, 2012). Using this approach, the Canadian government can fully realize the contributions made by universities, especially those that are business-engaged. This paper aims to discuss the role that universities can play in growing the country’s GDP and in decreasing the rate of unemployment. Universities at the Center of GDP Growth A permanent hike in university funding, for instance, by use of taxpayers’ money, could emerge, as a cornerstone for the government to increase Canada’s GDP.

A report by the Universities of New Zealand and NZIER concluded that an increase of government investment in universities would lead to a permanent and significant increase in the country’s GDP. In illustrating how increased funding would affect the economy, they modeled an additional $200 million in university research and funding over the next five years (Yusuf & Nabeshima, 2012). . The Canadian government, at present, invests just more than $1 billion every year in universities with a similar amount supporting university students financially (Yusuf & Nabeshima, 2012).

The Canadian government increased investment levels significantly in education following a report by KPMG Econ Tech in 2009. The report called, for increased university funding, to boost the Canadian productivity levels nationally by 4.6% by the year 2040. The same report also estimated that the implementation of these recommendations could also add up to 6.4% to the GDP. It is important for the government to increase university learning and teaching base funding by 10% by 2020 and ensure that they maintain internationally competitive funding levels (Yusuf & Nabeshima, 2012).

It could be expected that implementation would do more for living standards and GDP than any single reform that is publicly identified and costed. Boosting university investment could lead to a more skilled and smarter, work force and improve wealth distribution that would reduce the two-speed economy problem where there is a boom in some sectors while others continue to struggle. The cumulative benefit to the treasury from these reforms taken over the period between 2010 and 2040 is projected at $325 billion, which is the public funding that is required for Canada’s major future needs (Yusuf & Nabeshima, 2012).

This information also confirms that investment in universities from the government will continue to provide a dividend in productivity for many years to come. Expanding university reach in Canada is central to the productivity agenda fronted by the Canadian government. In this century, the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Analysis of news article in relation to macroeconomic concepts Term Paper”, n.d.)
Analysis of news article in relation to macroeconomic concepts Term Paper. Retrieved from https://studentshare.org/macro-microeconomics/1471436-analysis-of-news-article-in-relation-to
(Analysis of News Article in Relation to Macroeconomic Concepts Term Paper)
Analysis of News Article in Relation to Macroeconomic Concepts Term Paper. https://studentshare.org/macro-microeconomics/1471436-analysis-of-news-article-in-relation-to.
“Analysis of News Article in Relation to Macroeconomic Concepts Term Paper”, n.d. https://studentshare.org/macro-microeconomics/1471436-analysis-of-news-article-in-relation-to.
  • Cited: 0 times

CHECK THESE SAMPLES OF Analysis of news article in relation to macroeconomic concepts

Analysis of The Media Reaction

hellip;  This media reaction paper is based on the news article which appeared in “Lake County News-Sun”, titled “Whether or not 'Girlfriends' gets a ninth season, Mara Brock Akil has a game plan” by Janice Rhoshalle Littlejohn on 12-11-2007.... nbsp; This media reaction paper is based on the news article which appeared in "Lake County News- Sun", d "Whether or not 'Girlfriends' gets a ninth season, Mara Brock Akil has a game plan" by Janice Rhoshalle LittleJohn on 12-11-2007....
2 Pages (500 words) Article

Microeconomics: Patent, Antitrust Laws

relation to Microeconomics Microeconomics is a branch of social science that describes behaviors and actions of individual intermediate and final consumers, firms, and industries.... om/article/SB10001424052970203503204577036003036334374.... An author of the following writing "Microeconomics: Patent, Antitrust Laws" seeks to discuss the role of both antitrust and patent laws role in economies....
1 Pages (250 words) Article

Microeconomics: Cost Analysis

his article relates to the concepts of microeconomic cost analysis by highlighting that the changes in the demand and supply dynamics can change the prices in different manner.... Author outlines that though the overall output is decreasing in mining industry due to different factors however, the decline in the… Author also argues that the overall cost of finding and operating new mines especially for copper has increased thus making it relatively difficult for the established miners to continue to The article is about how mining sector is responding to the changes in the supply and demand dynamics and the impact of same on global prices....
1 Pages (250 words) Article

Article about microeconomics

With this article the author has put forward the comparative advantages faced by the US garment industry with relation to market response and product quality, and also goodwill of US products in the global arena.... The article which is written by Paul Davidson, an American macroeconomist, was published on July 5, 2013. II.... The author Davidson in his article talks about the apparel… This trend has created increased job opportunities in American although the industry faces strong competition from Asian countries because of their low labour costs....
2 Pages (500 words) Article

Wall Street Slides on Concerns about Iraq by Angela Moon

Retail sales, in macroeconomic news, rose 0.... The S&P 500 was, for the first time… ince early April, down for three succeeding sessions while the Dow Jones Industrial average encountered a loss of more than 100 units for the second day in a row (Moon1). A few hours after Kurdish forces took control of the oil core of KirKuk, news reporters asked President Summary of an article U.... few hours after Kurdish forces took control of the oil core of KirKuk, news reporters asked President Barrack Obama if he might take an industrial action that might stop the insurgency that has taken over most parts of Iraq in the past one week....
1 Pages (250 words) Article

Current event on macroeconomics

Notable macroeconomic concepts that are covered by the article include unemployment and extended benefits programs.... According to the article that was written by John Hood, North Calorina became the first state to end the extended benefits program that was focused at providing assistance to the individuals who have no jobs.... North Carolina Got It Right on Unemployment Benefits, According to the article that was written by John Hood, North Calorina became the first state to end the extended benefits program that was focused at providing assistance to the individuals who have no jobs....
2 Pages (500 words) Article

Article summary of Romer 2000

It is a critical instrument for understanding macroeconomic variations.... Similarly, as concerns the environment, a key Keynesian Macroeconomics without the LM Curve The IS-LM model, developed in the 1960's, for a long time, has been a key tool of macroeconomic training.... It is a critical instrument for understanding macroeconomic variations.... It acts in a particular way to ensure the actual interest rate perform as a function of macroeconomic variables like inflation plus output....
2 Pages (500 words) Article

High Public Debt, Stagnation, Deflation and Unemployment

The steps were aimed at tackling problems within the economy such as deflation credit traps,… According to the policymakers, several policy paradigms that were adopted to deal with the macroeconomic problems such as bond financing of budget deficits, fiscal and wage austerity, asset purchases by central MACROECONOMICS Article Topic: High Public Debt, Stagnation, Deflation and Unemployment: Policy Errors and a Way Forward Richard WoodLink: http://www.... According to the policymakers, several policy paradigms that were adopted to deal with the macroeconomic problems such as bond financing of budget deficits, fiscal and wage austerity, asset purchases by central banks, reliance on bank lending channels and market solutions, ultra-low longer term interest rates, become less appropriate....
1 Pages (250 words) Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us