Econ 372 - Marietta College
... Examine the tables near the end of Chapter 3. There are countries whose real capita output rose between 1989 and 1999 while their HDI declined, and there are other countries for which the opposite is true. Which countries fall within these two groups and what might explain such outcomes? ...
... Examine the tables near the end of Chapter 3. There are countries whose real capita output rose between 1989 and 1999 while their HDI declined, and there are other countries for which the opposite is true. Which countries fall within these two groups and what might explain such outcomes? ...
Chapter 1: Human Misery
... Expectations: business optimism & pessimism Innovations: risk-taking for monopoly profit Inventory: inventory adjustment lag Real: fluctuations of long-run actual along potential GDP ...
... Expectations: business optimism & pessimism Innovations: risk-taking for monopoly profit Inventory: inventory adjustment lag Real: fluctuations of long-run actual along potential GDP ...
What is Economics? - Avery County Schools
... Micro and Macro Economics • Economics is divided into two branches – Microeconomics-the economic behavior and decision making by individuals and small ...
... Micro and Macro Economics • Economics is divided into two branches – Microeconomics-the economic behavior and decision making by individuals and small ...
From budget-cutting to `bubblenomics`
... restoring their profit rates, corporations unleashed a brutal offensive against workers. They raised productivity growth, not so much by increasing investment in advanced plant and equipment as by radically cutting back on jobs and compelling the employees who remained to take up the slack. Holding ...
... restoring their profit rates, corporations unleashed a brutal offensive against workers. They raised productivity growth, not so much by increasing investment in advanced plant and equipment as by radically cutting back on jobs and compelling the employees who remained to take up the slack. Holding ...
Midterm Exam
... (a) Taiping Rebellion: peasant rebellion in the mid-19th century; defeated by the joint force of Qing Empire and Western imperialism (2.5 points); Westernization Movement: a program of military modernization undertaken by the Qing government and provincial warlords; unable to resist the emerging Jap ...
... (a) Taiping Rebellion: peasant rebellion in the mid-19th century; defeated by the joint force of Qing Empire and Western imperialism (2.5 points); Westernization Movement: a program of military modernization undertaken by the Qing government and provincial warlords; unable to resist the emerging Jap ...
Modifying Liberalism to Meet the Needs of Society
... Studying the business cycle, he believed that the basic mechanism of the market economy, supply and demand, needed manipulation in order to achieve full employment. The market system thrives on the achievement of equilibrium, found when the supply of a good or service is in perfect balance with the ...
... Studying the business cycle, he believed that the basic mechanism of the market economy, supply and demand, needed manipulation in order to achieve full employment. The market system thrives on the achievement of equilibrium, found when the supply of a good or service is in perfect balance with the ...
Mr. Mayer AP Macroeconomics
... • Research and development, innovation and invention yield increases in available technology. • More technology in the hands of workers increases productivity. • Productivity is output per worker. • More Productivity = Economic Growth. ...
... • Research and development, innovation and invention yield increases in available technology. • More technology in the hands of workers increases productivity. • Productivity is output per worker. • More Productivity = Economic Growth. ...
Bill Tupman University of Exeter
... • Non hard currency trade with developing countries: Asian bankers as middlemen; hawala and chitty style? • Exchange of prostitutes for goods. Standard measure of exchange? • Drugs as currency ...
... • Non hard currency trade with developing countries: Asian bankers as middlemen; hawala and chitty style? • Exchange of prostitutes for goods. Standard measure of exchange? • Drugs as currency ...
Resolving the Environmentalist`s Paradox
... links between ecosystem services and multiple aspects of human well- being, trade-offs and synergies between services, the role of technology and better forecasting of changes and potential tipping points in the future supply of ecosystem services. ...
... links between ecosystem services and multiple aspects of human well- being, trade-offs and synergies between services, the role of technology and better forecasting of changes and potential tipping points in the future supply of ecosystem services. ...
LO 2-2
... • System in which individuals are free to decide what to produce, how to produce it, and at what price to sell it – Derived from Adam Smith’s laissez-faire capitalism (“Wealth of Nations,” 1776) in which a society’s best interests are served by individuals pursuing their own self-interest (called “I ...
... • System in which individuals are free to decide what to produce, how to produce it, and at what price to sell it – Derived from Adam Smith’s laissez-faire capitalism (“Wealth of Nations,” 1776) in which a society’s best interests are served by individuals pursuing their own self-interest (called “I ...
Economic freedom, investment and growth
... closely with economic freedom to generate growth-enhancing externalities. To attain growth, it requires investment and favorable economic freedom, fostered by government policies and institutions. Government share or public expenditure is negatively correlated with growth. The phenomenon can be expe ...
... closely with economic freedom to generate growth-enhancing externalities. To attain growth, it requires investment and favorable economic freedom, fostered by government policies and institutions. Government share or public expenditure is negatively correlated with growth. The phenomenon can be expe ...
Review of Course
... • principles of liberalism: – individual rights and freedoms – self-interest – Competition – economic freedom – rule of law – private property ...
... • principles of liberalism: – individual rights and freedoms – self-interest – Competition – economic freedom – rule of law – private property ...
What is Political Economy?
... whether through trade and an increasingly complex division of labour– is central to the analysis of economic growth. • How the fruits of economic activity are distributed– e.g., among capitalists, workers, and landowners. ...
... whether through trade and an increasingly complex division of labour– is central to the analysis of economic growth. • How the fruits of economic activity are distributed– e.g., among capitalists, workers, and landowners. ...
Factors of Economic Growth
... What can you conclude about these countries’ economies? What statements can you make about certain countries’ factors of economic growth? Remember #’s 1,2,3,4 from the previous slides. ...
... What can you conclude about these countries’ economies? What statements can you make about certain countries’ factors of economic growth? Remember #’s 1,2,3,4 from the previous slides. ...
Economics - McGraw Hill Higher Education
... • China’s economy is growing two or three times faster than the U.S. • China is worried about inflation and a possible housing crash. • Though known for its socialist and communist foundations, the adoption of capitalist principles is credited for some of the growth. ...
... • China’s economy is growing two or three times faster than the U.S. • China is worried about inflation and a possible housing crash. • Though known for its socialist and communist foundations, the adoption of capitalist principles is credited for some of the growth. ...
Jan 10 – What is an economy?
... Ontology – The study of how things come into being. Dialectic theory – Focuses on processes, conflict and transformation. A thesis is pitted against its antithesis and resolves to form something new. Epistemology – Theory of knowledge. How we know what we know about the social world. Reflexive Epist ...
... Ontology – The study of how things come into being. Dialectic theory – Focuses on processes, conflict and transformation. A thesis is pitted against its antithesis and resolves to form something new. Epistemology – Theory of knowledge. How we know what we know about the social world. Reflexive Epist ...
HISTORY OF GLOBAL ECONOMY
... variety of newly formed stock markets in Argentina, Chile, Thailand, Malaysia, and so on. This inflow of financial capital allowed developing countries to invest in building new factories and infrastructure speeding up their economic development. Also at this time the Soviet Union disintegrated afte ...
... variety of newly formed stock markets in Argentina, Chile, Thailand, Malaysia, and so on. This inflow of financial capital allowed developing countries to invest in building new factories and infrastructure speeding up their economic development. Also at this time the Soviet Union disintegrated afte ...
WWS-561 / Week-3 / EAST ASIAN MIRACLE - WORLD BANK
... Rapidly growing human capital Dynamic industrialization (success in allocating capital to high yielding investments and at catching up technologically to the industrial economies) ...
... Rapidly growing human capital Dynamic industrialization (success in allocating capital to high yielding investments and at catching up technologically to the industrial economies) ...
Economic growth - Danica Popović
... One of the main points of Table 3.4 is that the numbers of the population and the numbers of employed have grown at roughly the same rates over the course of the twentieth century for these countries, meaning that many trends (people entering the labour force later, retiring earlier, living longer ...
... One of the main points of Table 3.4 is that the numbers of the population and the numbers of employed have grown at roughly the same rates over the course of the twentieth century for these countries, meaning that many trends (people entering the labour force later, retiring earlier, living longer ...
The State
... state, the influence of which penetrates every aspect of human existence. • The state brings not only the economy but education, culture, religion, family life and so on under direct state control. The best examples of totalitarian states are Hitler’s Germany and Stalin’s USSR, although modern regim ...
... state, the influence of which penetrates every aspect of human existence. • The state brings not only the economy but education, culture, religion, family life and so on under direct state control. The best examples of totalitarian states are Hitler’s Germany and Stalin’s USSR, although modern regim ...
Uneven and combined development
Uneven and combined development (or unequal and combined development) is a Marxist concept to describe the overall dynamics of human history. It was originally used by the Russian revolutionary Leon Trotsky around the turn of the 20th century, when he was analyzing the developmental possibilities that existed for the economy and civilization in the Russian empire, and the likely future of the Tsarist regime in Russia. It was the basis of his political strategy of permanent revolution, which implied a rejection of the idea that a human society inevitably developed through a uni-linear sequence of necessary ""stages"". Trotsky's ideas matured under the influence of Georg Vollmar's study of a possibility of socialism in one country, as well as John Hobson, Rudolf Hilferding and Vladimir Lenin's studies of imperialism. Also before Trotsky, Nikolay Chernyshevsky and Vasily Vorontsov proposed a similar idea. The concept is still used today by Trotskyists and other Marxists concerned with world politics.