Turkish crises of 2000 and 2001 had a very negative impact on the country’s economy. The research of the causes of the crises is very important, because it provides lessons for future development of economic policy in the country. The official version of the crises …
With the help of PEST analysis we can be able to evaluate the macro environment. The analysis consists of four elements which include political, economic, social-cultural and technological. The political environment favour the performance of business as most countries are reducing both tariff and non-tariff …
The Australian economy has grown by less than one percent, considering that GDP growth in 2003 was 3.1 percent and 3.9 in 2007. The 2007 growth was the highest in the period, whereas the lowest growth rate of 2.7 was experienced in 2007. (more…)
Micro Economics: Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that …
The Mercantile policy was an economic theory used in the periods16th to 18th century and it stated that prosperity of a nation was dependant upon the supply of capital and the total volume of international trade. This theory implied that a country had to employ …
The labor force is a main factor for any economy. therefore, Unemployment is a big problem for the economy. “An unemployed person is the one who is willing and able to work but unable to find a job”. This means those people who don’t work …
Economic Overview Nigeria’s economy is estimated to be worth about $262bn, making it one of the largest economies in Africa. The estimates and analysis of various indicators is discussed in the later sections. The country has fared better than many other countries during the global …
Capitalism: Does it cause or alleviate poverty? By: Zahoor Khan zahoor_660@hotmail. com To tackle the issue of poverty has been remained a massive challenge in the known history of human civilization for all global economic isms of the world. Each economic ism has its own …
Karakul Hosing, Professor of the Department of Finance, University of Dacha for his constant supervision, moral support, valuable instruction, & helpful advice during the course of studies & research work. Finally, I am deeply indebted to my family, teachers, & friends whose invaluable support & …
In Progress. Abstract: In this paper, we discuss how and why institutions— broadly, the economic and political organization of societies— affect economic incentives and outcomes. After briefly surveying a number of theories of institutional differences across countries, we focus on two questions: why societies may …
Economic factors that may influence the plant’s operations and legal considerations. On a macroeconomic level, according to a United Nations’ study, “The recovery of the global economy continues, with strong output growth in developing countries and weaker economic performance in developed countries. ” (UN, 2011)Even …
The causes and effects of global recession. Global financial crisis, increasing for a while, began to show its results in the mid of 2007 into 2008. Worldwide stock markets have subsided, financial institutions have dropped and governments in even the richest nations have had to …
Statistics for management: Probability. Basic definitions and rules for probability, conditional probability, independent of events, Baye’s theorem, random variables, Probability distributions: Binomial, Poisson, Uniform and Normal distributions. Sampling distribution and estimation. Introduction to sampling distributions, sampling techniques, sampling distribution of mean and proportion, application of …
When using the Keynesianism theory of aggregate supply and aggregate demand, economic can be both desirable and undesirable. Firstly, economic growth at its most basic level increases GDP and employment. If consumers are spending more money, whether it is by increased consumer confidence, lower interest …
Alan Greenspan published “The Age of Turbulence: Adventures in a New World” on September 17, 2007 and the first half of the work is an autobiographical chronology of his life. It gives readers a chance to view the people and circumstances that can help and …
Introduction In this assignment I will explain what the circular flow of income is. I will also give examples of what might cause changes in the business cycle. I will also explain what GDP is and give examples of what its limitations are and why …
THE country’s unemployment rate currently stands at 3. 1 per cent compared with the 3. 4 per cent last year, the Dewan Negara heard yesterday. Deputy Human Resources Minister Datuk Maznah Mazlan said the government was fully harnessing its workforce to keep the unemployment rate …
What Caused Economic Crisis? Readers Questions: What are the factors that makes today’s economic crisis? Which of them are the most important in today’s economic crisis? Some of the most significant factors in causing today’s economic crisis: A glut of saving from Asia. A glut …
Impact of GAP on the automotive industry. The Federal Reserves primary goal is sustained growth of the economy with full employment and stable prices. Real GAP is the most comprehensive measure of the performance of the U. S. Economy. By monitoring trends in the overall …
He attempts to explain that all historical events have been influenced by economic conditions. The key concepts in his explanation are mode of production and relations of proud. The term ‘mode of prod. ‘ refers to a particular social arrangement of prod. Corresponding to a …
Dane Fuentes Sociology 10/19/12 World System’s Theory Immanuel Wallerstein’s World Systems theory is the theory of how multinational corporations and industrializing nations have dominated the world over the last 500 years. Wallerstein also takes a look at how “periphery” and “semi-periphery” nations have become dependent …
According to the Slow swan model, economic growth can be attributed to three variables. Population growth, savings (capital) and technology. Therefore according to theory we know that higher saving rates leads to growth but only temporarily. So the actual growth and persistence rise in living …
Surveying the Vital Economic Indicators Affecting the Automotive Industry The automotive market in the US is the largest in the world and it continues to squeeze out growth today. However, many US manufacturers offered heavy rebates and no-interest financing recently, which pushed sales up, but …
Basic economic principles show there is an inverse relationship between planned investment and interest rate (Case and Fair 2004). This explains that during regimes of high-interest rates, the volume of planned investments goes down. Yeaple and Nocke (2005) developed the assignment theory to analyze foreign …
Using appropriate theory, critically analyse the macro environmental factors that have influenced the development of the global pharmaceutical industry during the period covered by the case The macro environment “consists of broad environmental factors that impact to a greater or lesser extent on almost all organisations” …
Foreign direct investment is the overall volume of capital stock directed by companies to a country, where its main headquarters are not located. In short, this is tantamount to capital outsourcing, albeit wide in scope and generally involved with high risks. The more companies investing …
Keynesian economics is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand . In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host …
1. Explain why you would be more or less willing to buy long-term AT&T bonds under the following circumstances: a. Trading in these bonds increases, making them easier to sell. More, because if it is easier to sell bond this means that liquidity of bonds …
The circular flow of income is to show flows of goods and services and factors of production between firms and households. It used to measure the level of income and output in the economy . Households provide resources which aid the production process of business …
As we discussed and read about this week in our class, the topic of the US Budget and how, why and what should we do about it has become a topic with many views and opinions. The United States of America currently holds over 16 …
Creator: John Maynard Keynes
In thinking about the overall health of the macroeconomy, it is useful to consider three primary goals: economic growth, full employment (or low unemployment), and stable prices (or low inflation). Economic growth ultimately determines the prevailing standard of living in a country.
Macroeconomics focuses on the performance of economies – changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. Poverty reduction, social equity, and sustainable growth are only possible with sound monetary and fiscal policies.
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports). It transforms the money-value measure, nominal GDP, into an index for quantity of total output.
There are 5 common terms in macroeconomics that are considered in aggregate: output, gross domestic product ( GDP ), production, income, and expenditures. Economic output is the aggregate output of goods and services by an economy, which is also how GDP and production are defined.
Macroeconomics books
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