South Latin America presentation
... WSJ: “Brazil’s Real Hits Two-Decade Low...Brazil’s currency swooned, as investors wagered that the commodity rout and political turmoil will continue to batter the country’s economy” September 23, 2015 The Economist: “Recession’s sharp bite...The shrinking of a once-vibrant economy is shocking ordin ...
... WSJ: “Brazil’s Real Hits Two-Decade Low...Brazil’s currency swooned, as investors wagered that the commodity rout and political turmoil will continue to batter the country’s economy” September 23, 2015 The Economist: “Recession’s sharp bite...The shrinking of a once-vibrant economy is shocking ordin ...
AQA Economics Section 2: The national economy in a global context
... A sudden sharp increase in oil prices leads to unexpected fall in AS. ...
... A sudden sharp increase in oil prices leads to unexpected fall in AS. ...
SCM: The Science of Better, Faster, Cheaper
... U.S. Economic Conditions and Productivity: Insights from the Supply Chain ...
... U.S. Economic Conditions and Productivity: Insights from the Supply Chain ...
Monetary policy
... Lecture IV – Quantity theory of money Lecture V – Aggregate demand and aggregate supply Lecture VI – Aggregate supply in the short run Lecuture VII - Say’s Law of Markets and Keynesian economics Lecture VIII – Foreign exchange market Lecture IX – Monetary policy Lecture X – Fiscal policy and public ...
... Lecture IV – Quantity theory of money Lecture V – Aggregate demand and aggregate supply Lecture VI – Aggregate supply in the short run Lecuture VII - Say’s Law of Markets and Keynesian economics Lecture VIII – Foreign exchange market Lecture IX – Monetary policy Lecture X – Fiscal policy and public ...
Wage-led growth in the EU15 Member States: the effects of income
... have positive direct effects on investment and net exports, but negative direct effect on consumption, since the marginal propensity to consume out of wage income is expected to be higher than that out of profit income. However, the question whether the negative effect of an increasing profit share ...
... have positive direct effects on investment and net exports, but negative direct effect on consumption, since the marginal propensity to consume out of wage income is expected to be higher than that out of profit income. However, the question whether the negative effect of an increasing profit share ...
Blanchard, Oliver, 2000. What do we know about macroeconomics
... rate of interest 共the rate of return on capital兲 and the money rate of interest 共the interest rate on bonds兲. This would become a crucial key in allowing for the eventual integration of goods markets 共where the natural rate is determined兲 and financial markets 共where the money rate is determined兲. I ...
... rate of interest 共the rate of return on capital兲 and the money rate of interest 共the interest rate on bonds兲. This would become a crucial key in allowing for the eventual integration of goods markets 共where the natural rate is determined兲 and financial markets 共where the money rate is determined兲. I ...
Policy - QC Economics
... growth rate in the money supply will be equal to the average annual growth rate in Real GDP minus the growth rate in velocity. • Some Monetary rule proponents claim that even if a monetary rule does not adjust for changes in velocity, there is little cause for concern. ...
... growth rate in the money supply will be equal to the average annual growth rate in Real GDP minus the growth rate in velocity. • Some Monetary rule proponents claim that even if a monetary rule does not adjust for changes in velocity, there is little cause for concern. ...
Growth without Scale Effects
... strong intertemporal spillovers in innovative activity, wherein innovative activity today increases the absolute productivity of future innovators. Put differently, these models assume that the proportional productivity of innovators remains constant; that is, knowledge acquired from past innovation ...
... strong intertemporal spillovers in innovative activity, wherein innovative activity today increases the absolute productivity of future innovators. Put differently, these models assume that the proportional productivity of innovators remains constant; that is, knowledge acquired from past innovation ...
Economic Depressions: Their Cause and Cure
... with never the twain meeting, much less integrated with each other. Economists, unfortunately, have forgotten that there is only one economy and therefore only one integrated economic theory. Neither economic life nor the structure of theory can or should be in watertight compartments; our knowledge ...
... with never the twain meeting, much less integrated with each other. Economists, unfortunately, have forgotten that there is only one economy and therefore only one integrated economic theory. Neither economic life nor the structure of theory can or should be in watertight compartments; our knowledge ...
Economic Depressions: Their Cause and Cure
... with never the twain meeting, much less integrated with each other. Economists, unfortunately, have forgotten that there is only one economy and therefore only one integrated economic theory. Neither economic life nor the structure of theory can or should be in watertight compartments; our knowledge ...
... with never the twain meeting, much less integrated with each other. Economists, unfortunately, have forgotten that there is only one economy and therefore only one integrated economic theory. Neither economic life nor the structure of theory can or should be in watertight compartments; our knowledge ...
54 INTERNATIONAL ASPECTS OF STABILIZATION POLICIES
... The principal use for which the Swedish model by Edgren, Faxen, and Odhner (EFO) was designed, was the analysis of the development over time of wages and prices, the model serving to delineate a "main course" for wages, residual incomes (profits) and prices, the development of international prices ( ...
... The principal use for which the Swedish model by Edgren, Faxen, and Odhner (EFO) was designed, was the analysis of the development over time of wages and prices, the model serving to delineate a "main course" for wages, residual incomes (profits) and prices, the development of international prices ( ...
DEFICIT
... in a two—sector economy that is otherwise similar to the traditional one— sector Keynesian analysis. The key to this surprising possibility is that an increased budget deficit changes the sectoral balance of demand. A reduction of taxes or an increase in transfer payments raises the demand for consu ...
... in a two—sector economy that is otherwise similar to the traditional one— sector Keynesian analysis. The key to this surprising possibility is that an increased budget deficit changes the sectoral balance of demand. A reduction of taxes or an increase in transfer payments raises the demand for consu ...
Session 2 The national income accounts
... Originally, the way this was done was to measure quantities produced. But this creates a problem: we may be able to say that Tanzania produces around 4 million tonnes of cereals, 200 million litres of beer and 4 billion cigarettes, but how can we add these together? They cannot be added, because the ...
... Originally, the way this was done was to measure quantities produced. But this creates a problem: we may be able to say that Tanzania produces around 4 million tonnes of cereals, 200 million litres of beer and 4 billion cigarettes, but how can we add these together? They cannot be added, because the ...
BER,Ppt2
... • It takes resources for the owner or driver to provide the service • the passenger knows he is receiving a service - riding in the taxi • When the ride is completed, the passenger doesn't have anything tangible to hold, except possibly a receipt. • Resources have been used to provide the service. • ...
... • It takes resources for the owner or driver to provide the service • the passenger knows he is receiving a service - riding in the taxi • When the ride is completed, the passenger doesn't have anything tangible to hold, except possibly a receipt. • Resources have been used to provide the service. • ...
Last day to sign up for AP Exam
... In the Short Run, wages (sticky wages) and resource (input)prices will NOT increase as price levels increase. Example: • If a firm currently makes 100 units that are sold for $1 each. The only cost is $80 of labor. How much is profit? • Profit = $100 - $80 = $20 What happens in the SHORT-RUN if pric ...
... In the Short Run, wages (sticky wages) and resource (input)prices will NOT increase as price levels increase. Example: • If a firm currently makes 100 units that are sold for $1 each. The only cost is $80 of labor. How much is profit? • Profit = $100 - $80 = $20 What happens in the SHORT-RUN if pric ...
Published in TDRI Quarterly Review Vol. 13 No. 2 June 1998, pp. 15
... temporary resource boom of the kind experienced by most oil-exporting countries in the 1970s. Those countries discovered, belatedly in most cases, that treating a boom as permanent when it is in fact temporary can have undesirable consequences. The same may now be true of Thailand. First, the declin ...
... temporary resource boom of the kind experienced by most oil-exporting countries in the 1970s. Those countries discovered, belatedly in most cases, that treating a boom as permanent when it is in fact temporary can have undesirable consequences. The same may now be true of Thailand. First, the declin ...
Course Title: Macro/Micro Economics AP Course Number: 15016
... Microeconomics and Macroeconomics AP provides the student with an in-depth understanding of the principles of economics. The intent of the year-long course is to prepare the student for both the Microeconomics and Macroeconomics AP exams. This course meets all the Economics standards as prescribed b ...
... Microeconomics and Macroeconomics AP provides the student with an in-depth understanding of the principles of economics. The intent of the year-long course is to prepare the student for both the Microeconomics and Macroeconomics AP exams. This course meets all the Economics standards as prescribed b ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.