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 …
Cash Reserve Ratio (CRR) Controversy between SBI & RBI: meaning, implication on Economy Explained What is CRR? What is Scheduled Commercial Bank? Examples of Scheduled Commercial Banks 1. Case # 1: High CRR and SLR 2. Case # 2: Low CRR and SLR Repo Rate …
Group D INTERNATIONAL TRADE, COMPARATIVE ADVANTAGE AND PROTECTIONISM 1. According to the table above determine which country has the absolute advantage in corn and which in soybeans. In addition, determine which country has the comparative advantage in corn and which in soybeans. Make sure to …
The question whether Mexico has benefited from NAFTA is still under discussion and constant debates. Some claim that since NAFTA there is a significant increase in poverty rates, whereas others provide the opposite information. Apparently, in broader terms, the country has benefited from free trade …
This Country Focus analyses and interprets the statistical characteristics of the Polish business cycle. It also identifies leading and lagging variables and shows that the economic fluctuations in Poland differ to some extent from those in other emerging and mature economies, with Polish growth notably …
Microeconomic reforms: Microeconomics is a branch of economics that focuses on the individual sectors of the economy, particularly consumers and producers. Microeconomic reform refers to both monetary policy and budgetary policy specifically designed to influence higher levels of productivity to support higher living standards. Factor …
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 …
Economics is the science that studies how people and societies make decisions that allow them to get the most out of their limited resources. Because every country, every business, and every person deals with constraints and limitations, economics is literally everywhere. This Cheat Sheet gives …
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 …
The Baby Boom was one of the most important events in Canadian history and continues to Impact how we live our lives today. After World War 2 ended, between the years of 1945 and 1 965, there was a huge increase in population known as …
The report discuss all the crucial information on Qantas Airways Limited required for business and competitor intelligence needs and contain a study of the major internal and external factors affecting Qantas Airways in the form of SWOT and PESTEL analysis as well as a breakdown …
Since the financial crisis in 1998, Russia has been experiencing impressive economic growth due to the collaboration of monetary and fiscal policies that stabilized the performance of major economic indicators up to this day. Many economists regard the impressive performance of Russia as part increase …
The cold war was a tense relationship between the Soviet Union and the Americans. The reason why they were fighting was because of the way their countries ran. The Soviet Union communism is a political way of thinking and an idea of how society should …
The focus of all these policies was to bring about economic development and improved quality of life for Seminarians. Regrettably, none of these economic policy documents together with the accompanying annual budgets have succeeded in producing real positive nagging results especially in the area of …
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income (NNI* adjusted for natural resource …
Introduction The present Asian Financial Crisis is expected to continue for next few decades for several reasons such as financial depression, recession, unemployment and a deep-cut in exchange rates bringing down the regional currency value which spreads from one region to another at a fast …
Classical Economics Classical economics is one of the main theories of economics, besides Keynesian economics, although classical economics is considered the first school of thought in economics, probably only due to timing. Although others have contributed ideas and theories to the classical school of thought, …
Managing China’s Float Why do you think the Chinese government originally pegged the value of the Yuan against the U. S. dollar? What were the benefits of doing this for China? What were the costs? Over the last decade, many foreign firms have invested in …
Economic Overview Nigeria’s economy is estimated to be worth about $262bn, making it one of the largest economies in Africa. The estimates and analysis of various indicators is discussed in the later sections. The country has fared better than many other countries during the global …
As many people can notice, globalization is becoming a trend when more and more countries are trading their products with each other. In some cases, countries are willing to integrate their capital markets, that is improving capital mobility, so as to achieve freer trade. However, …
What Caused Economic Crisis? Readers Questions: What are the factors that makes today’s economic crisis? Which of them are the most important in today’s economic crisis? Some of the most significant factors in causing today’s economic crisis: A glut of saving from Asia. A glut …
Karakul Hosing, Professor of the Department of Finance, University of Dacha for his constant supervision, moral support, valuable instruction, & helpful advice during the course of studies & research work. Finally, I am deeply indebted to my family, teachers, & friends whose invaluable support & …
Dane Fuentes Sociology 10/19/12 World System’s Theory Immanuel Wallerstein’s World Systems theory is the theory of how multinational corporations and industrializing nations have dominated the world over the last 500 years. Wallerstein also takes a look at how “periphery” and “semi-periphery” nations have become dependent …
What has been happening to the exchange rate of the US$? Give reasons. How is the exchange rate of a currency determined? If the value goes down will that help or hurt the trade deficit? This year, the US dollar continued its long-expected slide. The …
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” …
Abstract This is a critical analysis essay discussing one of historical financial crisis, with a major focus on its effects, causes, and lessons learnt. Selected historical financial crisis is ‘1994 Economic Crisis in Mexico.’ Introduction handles the genesis and description of the crisis with the …
The International Monetary Fund (IMF) and the World Bank Group are two global institutions created to assist nations in becoming and remaining economically viable. Each plays an imporant role in the environment of international trade by helping maintain stability in the financial markets and by …
The new classical macroeconomics model was originated in the early 1970’s by the economists working in the University of Chicago and the University of Minnesota. Robert Lucas, Thomas sergeant, Edward Prescott and Neil Wallace are the economists who were behind the formulation of this macroeconomic …
Market economy compared to planned economy in terms of allocating scarce resources By: Habab Mohamed In the purpose of allocating the resources of a certain country, controlling the market flow, adjusting and making the rules and policies to manage the market in addition to the …
Balance of payments refers to sum of both the balance of visible and invisible items. The balance of Payment is a comprehensive annualrecord of economic relation of a country with the rest of the world during a given period of time. A balance of payments …
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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