PRINCIPLES OF MACROECONOMICS
... capita income. Throughout the course a focus will be on ‘critical thinking’ to analyze macroeconomic problems. Specific Learning Standards emphasized in this course include: Critical thinking – analyzes information; utilizes logic and microeconomic models; recognizes patterns and rationality to form ...
... capita income. Throughout the course a focus will be on ‘critical thinking’ to analyze macroeconomic problems. Specific Learning Standards emphasized in this course include: Critical thinking – analyzes information; utilizes logic and microeconomic models; recognizes patterns and rationality to form ...
The challenges at independence 1968
... The challenges at independence 1968 Most indicators were off the norm High and rising unemployment: 16 % Low adult literacy Poor housing quality: > 50% prone to damage by cyclones Infant mortality rate: 58 per 10,000 births Low enrolment ratio at secondary schools: ...
... The challenges at independence 1968 Most indicators were off the norm High and rising unemployment: 16 % Low adult literacy Poor housing quality: > 50% prone to damage by cyclones Infant mortality rate: 58 per 10,000 births Low enrolment ratio at secondary schools: ...
The crisis in the “sub-prime market” + Financial crisis.
... but figured that he would find out the real story soon enough. However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad. The student finally replied, "All we're doing is wasting valuable time and effort on unp ...
... but figured that he would find out the real story soon enough. However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad. The student finally replied, "All we're doing is wasting valuable time and effort on unp ...
Aggregate Supply & Demand
... • A lower price level makes U.S. goods cheaper to foreigners – Reduced “price” leads to more EXPORTS (U.S. exports look cheap!) ...
... • A lower price level makes U.S. goods cheaper to foreigners – Reduced “price” leads to more EXPORTS (U.S. exports look cheap!) ...
CHAPTER OVERVIEW
... Each of the above has and continues to play a role in the productivity speedup. The rate of productivity growth has grown substantially due to innovations using microchips, computers, new telecommunications devices and the Internet. All of these innovations describe features of what we call informat ...
... Each of the above has and continues to play a role in the productivity speedup. The rate of productivity growth has grown substantially due to innovations using microchips, computers, new telecommunications devices and the Internet. All of these innovations describe features of what we call informat ...
Macroeconomic Stabilization via Fiscal Policy? Narayana Kocherlakota University of Rochester April 1, 2016
... • Issue: current outcomes are highly sensitive to shocks to expectations about LR. – Purely real models ignore this issue. – BUT: sensitivity is nearly infinite for models in which prices are nearly fully flexible. ...
... • Issue: current outcomes are highly sensitive to shocks to expectations about LR. – Purely real models ignore this issue. – BUT: sensitivity is nearly infinite for models in which prices are nearly fully flexible. ...
Economics 304 - ECON 304 Intermediate Macro
... e. Suppose the government implements an expansionary fiscal policy in the form of increased government spending. Use the dynamic aggregate demand/aggregate supply model to show the effects of the expansionary fiscal policy on the macro economy. In particular, what does the model suggest will happen ...
... e. Suppose the government implements an expansionary fiscal policy in the form of increased government spending. Use the dynamic aggregate demand/aggregate supply model to show the effects of the expansionary fiscal policy on the macro economy. In particular, what does the model suggest will happen ...
LECTURE 1 INTRODUCTION
... produce is determined by its production possibilities frontier (PPF). On the other hand, the ability of an economy to use efficiently its resources depends on the rules and norms of economic activity, or, in other words, on economic institutions. Institutions are norms, rules of conduct, and general ...
... produce is determined by its production possibilities frontier (PPF). On the other hand, the ability of an economy to use efficiently its resources depends on the rules and norms of economic activity, or, in other words, on economic institutions. Institutions are norms, rules of conduct, and general ...
Economics Web Newsletter - McGraw Hill Higher Education
... Manufacturers have also been in the forefront of the increased use of temporary workers, which are among the first fired when business slows, sparing permanent employees. Temporary employees account for 2% of employment, but they represent more than a third of the net loss of jobs since the end of ...
... Manufacturers have also been in the forefront of the increased use of temporary workers, which are among the first fired when business slows, sparing permanent employees. Temporary employees account for 2% of employment, but they represent more than a third of the net loss of jobs since the end of ...
Lecture note 9
... real interest rate. The equation (6) is an inflation-adjustment equation in which current inflation depends on lagged value of inflation and output. This equation is aggregate supply or so called Phillips curve. The equation (7) is a monetary rule; the nominal interest rate (instrument of monetary p ...
... real interest rate. The equation (6) is an inflation-adjustment equation in which current inflation depends on lagged value of inflation and output. This equation is aggregate supply or so called Phillips curve. The equation (7) is a monetary rule; the nominal interest rate (instrument of monetary p ...
Document
... Why did aggregate demand decline so much during this period? Stock market crash of 1929 Grim business expectations Drop in consumer spending Widespread bank failures Sharp decline in the nation’s money supply Severe restrictions on world trade ...
... Why did aggregate demand decline so much during this period? Stock market crash of 1929 Grim business expectations Drop in consumer spending Widespread bank failures Sharp decline in the nation’s money supply Severe restrictions on world trade ...
Macroeconomics AP Scope and Sequence
... 12. Understand Savings, Investments, and the financial system and how they are interactive in our society. 13. Describe how our government system determines what variables are used in determining Unemployment Rate. 14. Describe the forces that in the long run determine the key real variables, includ ...
... 12. Understand Savings, Investments, and the financial system and how they are interactive in our society. 13. Describe how our government system determines what variables are used in determining Unemployment Rate. 14. Describe the forces that in the long run determine the key real variables, includ ...
Principles of Modern Economics: A Sketch
... have decided on the bundle to be produced. But since we are at equilibrium, the distribution will also be efficient: There will be no distribution which improves the circumstance of at least one with someone’s situation being worsened. But is easy to show that there are many different distributions ...
... have decided on the bundle to be produced. But since we are at equilibrium, the distribution will also be efficient: There will be no distribution which improves the circumstance of at least one with someone’s situation being worsened. But is easy to show that there are many different distributions ...
Macro3 Summary and Teaching Tips
... economy (Macro1 and Macro2 are closed economies). While students have the ability to disturb aggregate demand, as in Macro1 and Macro2, in this module they can learn that many of the effects of such disturbances are eliminated in the long run, due to adjustments in aggregate supply. ...
... economy (Macro1 and Macro2 are closed economies). While students have the ability to disturb aggregate demand, as in Macro1 and Macro2, in this module they can learn that many of the effects of such disturbances are eliminated in the long run, due to adjustments in aggregate supply. ...
The Stockholm School
... •Social radical serving conservative (neoclassical) science •Champion of birth control, women’s rights, free love •Established marginal productivity theory of distribution •Proposed Pareto optimal log-rolling before Pareto Fiscal packages where everyone gains Knut Wicksell ...
... •Social radical serving conservative (neoclassical) science •Champion of birth control, women’s rights, free love •Established marginal productivity theory of distribution •Proposed Pareto optimal log-rolling before Pareto Fiscal packages where everyone gains Knut Wicksell ...
Economic Growth
... Increases in Per Capita Real GDP Increases in Per Capita Real GDP would be seen as an increase in that number. It is really a very crude measure of economic growth. ...
... Increases in Per Capita Real GDP Increases in Per Capita Real GDP would be seen as an increase in that number. It is really a very crude measure of economic growth. ...
Summary of IS-LM
... • excess supply of $ and/or excess demand for € – Under float e this leads to an appreciation of € – Exports fall – IS curve shifts left (IS1IS2) ...
... • excess supply of $ and/or excess demand for € – Under float e this leads to an appreciation of € – Exports fall – IS curve shifts left (IS1IS2) ...