Paper 1 - Cambridge Resources for the IB Diploma
... Examples of goods with price elastic and price inelastic demand. o YED: Theory of YED values in relation to primary products, manufactured goods and services. Theory of YED values in relation to normal and inferior goods. Diagrams showing demand curve shifts for the various cases. Examples ...
... Examples of goods with price elastic and price inelastic demand. o YED: Theory of YED values in relation to primary products, manufactured goods and services. Theory of YED values in relation to normal and inferior goods. Diagrams showing demand curve shifts for the various cases. Examples ...
Special economic zones for South Africa
... Commercial free zones, or simply free zones (FZs) are the oldest form of SEZs and are the most ubiquitous, notably under the bonded warehouse format found in the vast majority of seaports, and in some airports. Free zones are usually in or near major international transport nodes. Generally under th ...
... Commercial free zones, or simply free zones (FZs) are the oldest form of SEZs and are the most ubiquitous, notably under the bonded warehouse format found in the vast majority of seaports, and in some airports. Free zones are usually in or near major international transport nodes. Generally under th ...
Business Essentials, 7th Edition Ebert/Griffin
... – An industry or market that has only one producer (or else is so dominated by one producer that other firms cannot compete with it). – Natural monopolies: Industries in which one firm can most efficiently supply all needed goods or services. • Example: Electric company ...
... – An industry or market that has only one producer (or else is so dominated by one producer that other firms cannot compete with it). – Natural monopolies: Industries in which one firm can most efficiently supply all needed goods or services. • Example: Electric company ...
Macroeconomics - IB-Econ
... Spending on capital goods by firms or on homes by households (both considered investments) contributes to the nation’s output and is thus an injection into the circular flow. ...
... Spending on capital goods by firms or on homes by households (both considered investments) contributes to the nation’s output and is thus an injection into the circular flow. ...
Supply-side Economics: A Return to Basic Principles?
... and stabilizing aggregate demand. In its stabilization policies, Keynes ..believed that the state would take a long view and would not be influenced by short term changes in economic activity.”46 At the same time, there was a shift in emphasis from the effects of taxes on incentives, production, and ...
... and stabilizing aggregate demand. In its stabilization policies, Keynes ..believed that the state would take a long view and would not be influenced by short term changes in economic activity.”46 At the same time, there was a shift in emphasis from the effects of taxes on incentives, production, and ...
Economics (ECN
... determination of the prices of products and of factor inputs, and the consequences of government controls and of different types of market structures on prices, wages, and economic efficiency are analyzed. ECN 102 Introductory Economics (Macro) (3 credits) Theoretical models of the economy as a whol ...
... determination of the prices of products and of factor inputs, and the consequences of government controls and of different types of market structures on prices, wages, and economic efficiency are analyzed. ECN 102 Introductory Economics (Macro) (3 credits) Theoretical models of the economy as a whol ...
Macroeconomics - IB-Econ
... Spending on capital goods by firms or on homes by households (both considered investments) contributes to the nation’s output and is thus an injection into the circular flow. ...
... Spending on capital goods by firms or on homes by households (both considered investments) contributes to the nation’s output and is thus an injection into the circular flow. ...
Interactive Tool
... is occurring in the economy, real GDP is also calculated. In fact, these changes are more meaningful, as the changes in real GDP show what has actually happened to the quantities of goods and services, independent of changes in prices. Why are Changes in Real Gross Domestic Product Important? The me ...
... is occurring in the economy, real GDP is also calculated. In fact, these changes are more meaningful, as the changes in real GDP show what has actually happened to the quantities of goods and services, independent of changes in prices. Why are Changes in Real Gross Domestic Product Important? The me ...
The Phillips Curve A
... moves the economy along the short-run Phillips curve. This results in temporarily high unemployment. The cost of disinflation depends on how quickly expectations of inflation fall. ...
... moves the economy along the short-run Phillips curve. This results in temporarily high unemployment. The cost of disinflation depends on how quickly expectations of inflation fall. ...
PDF Download
... In particular, unlike most existing frameworks assuming a homogeneous labor market, we account for heterogeneities among households with respect to their labor productivity. This facilitates the analysis of supply shifts in particular segments of the labor market, e.g. in that of low skilled workers ...
... In particular, unlike most existing frameworks assuming a homogeneous labor market, we account for heterogeneities among households with respect to their labor productivity. This facilitates the analysis of supply shifts in particular segments of the labor market, e.g. in that of low skilled workers ...
What Explains the Great Recession and the Slow Recovery?
... of the fiscal multiplier. In these papers, it is assumed that a shock to households’ discount factors is what causes the ZLB to bind, and hence the narrative around liquidity trap episodes has been centered on frictions that affect mostly consumption. Compared to this line of work, in my model there ...
... of the fiscal multiplier. In these papers, it is assumed that a shock to households’ discount factors is what causes the ZLB to bind, and hence the narrative around liquidity trap episodes has been centered on frictions that affect mostly consumption. Compared to this line of work, in my model there ...
CHAPTER 16: Monetary Policy
... Why Did Homebuilder Toll Brothers, Inc. Prosper during the 2001 Recession? ...
... Why Did Homebuilder Toll Brothers, Inc. Prosper during the 2001 Recession? ...
P 1
... but factor costs do not change. – The short run is defined as that period of time over which nominal factor costs do not change. • Nominal factor costs include wages, interest paid on loans, and the cost of plant and equipment. ...
... but factor costs do not change. – The short run is defined as that period of time over which nominal factor costs do not change. • Nominal factor costs include wages, interest paid on loans, and the cost of plant and equipment. ...
A Comparison of the Theories of Joseph Alois Schumpeter and John
... 2001). Schumpeter argued that, innovations are carried out especially by new entrepreneurs, who do not own factor of production and he highlights the role of credit created by the banks as a key process to facilitate factor resources to them (Bertocco, 2006). Keynes, however, unlike Schumpeter did n ...
... 2001). Schumpeter argued that, innovations are carried out especially by new entrepreneurs, who do not own factor of production and he highlights the role of credit created by the banks as a key process to facilitate factor resources to them (Bertocco, 2006). Keynes, however, unlike Schumpeter did n ...
Ch13B-7e
... The Multiplier and the Price Level Aggregate Expenditure and Aggregate Demand The aggregate expenditure curve is the relationship between aggregate planned expenditure and real GDP, with all other influences on aggregate planned expenditure remaining the same. The aggregate demand curve is the rela ...
... The Multiplier and the Price Level Aggregate Expenditure and Aggregate Demand The aggregate expenditure curve is the relationship between aggregate planned expenditure and real GDP, with all other influences on aggregate planned expenditure remaining the same. The aggregate demand curve is the rela ...
Ordoliberalism, Pragmatism and the Eurozone Crisis
... 3.1 The Freiburg School’s perspective on monetary policy The roots of monetary thinking in Ordoliberalism can be traced back to the early 1920s. Trying to overcome the “Great Antinomy” between historical and theoretical social science, Eucken develops an institutional approach to economics as exemp ...
... 3.1 The Freiburg School’s perspective on monetary policy The roots of monetary thinking in Ordoliberalism can be traced back to the early 1920s. Trying to overcome the “Great Antinomy” between historical and theoretical social science, Eucken develops an institutional approach to economics as exemp ...
Liquidity Traps and Monetary Policy: Managing a Credit Crunch
... In this section we describe the model, which closely follows the framework in Moll (forthcoming). The model’s attractive feature for our purposes is that it explicitly deals with heterogeneous agents that are subject to exogenous collateral constraints in a relatively tractable fashion. Tractability ...
... In this section we describe the model, which closely follows the framework in Moll (forthcoming). The model’s attractive feature for our purposes is that it explicitly deals with heterogeneous agents that are subject to exogenous collateral constraints in a relatively tractable fashion. Tractability ...