1 M.A.PART - I ECONOMIC PAPER - I MACRO ECONOMICS 1. Basic Macroeconomics Income and spending – The consumption function – Savings and investment – The Keynesian Multiplier – The budget – Balanced budget : theorem and multipliers. Money‚ interest and income – The IS-LM model – adjustment towards equilibrium – Monetary policy‚ the transmission mechanism and the liquidity trap – Basic elements of growth theory : Neoclassical and endogenous. 2. Behavioural foundations of Macroeconomics
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outbreaks have been consistently on the rise in Philippine soil‚ especially with the recent aftermath of Typhoon Ketsana (Ondoy in local name). Physical‚ emotional and social factors contribute to this prevalent problem of Filipinos. More underweight than overweight‚ Filipinos often have to consider societal gaps as a primary factor. The ill distribution of wealth in the country attributes to
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do something differently or why their perception of a given situation may be different than my own. I like the idea that I perceive things in my own unique way based on my specific experiences and situation in life. To look at something with a macro-level perspective is to study society by looking at a large-scale social structure in order to determine how it affects the lives of groups and individuals. The opposite of which is micro-level perspective. This perspective concentrates on the interactions
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individual sugar mill manufacturing sugar‚ our study is micro analysis but if we study the entire sugar manufacturing sector of the economy‚ our study is macro analysis. Also please note if we study the problem of production of a firm‚ our analysis is micro study but if we study the problems of production of the whole economy‚ our analysis is macro study. Both Microeconomics and Macroeconomics are inter-dependent and complementary. The main difference between the Microeconomics and Macroeconomics
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like to discuss an example of a microeconomic decision that was made in the home environment. The decision was to file bankruptcy and relieve ourselves of large amounts of debt incurred because of medical expenses due to infertility issues. One factor was our decision to have my wife leave work to stay at home with our children. This eliminated a source of income for us but
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Macro Final Exam Chapter 10: The Money Systems What assets are considered “Money”? What are the functions of money and the types of money? * W/o money‚ trade would require barter > Exchanging one good/service for another * unlikely occurrence that two people e/ have a good that other wants * 3 functions * Medium of exchange: an item buyers give to sellers when they want to purchase g/s * Unit of account: the yardstick ppl use to post prices & record debts * Store
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Macro-Environment Analysis for AirAsia The factors of Macro-enviroment suggest that there is a huge scope of growth for AirAsia in Asia. The huge population with rise in middle class and a lot of disposable income together with the absence of affordable forms of transportation post a high demand for AirAsia as a low cost airline. It is also anticipated that due to the rapid urbanization trends the air travel market will continue to grow at a fast pace. The geographical structure of Asia which is
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social factors are impacting upon the business activities for the same organisation used in P5 and their stakeholders and another contrasting organisations. And also Evaluate how future changes in economic‚ political‚ legal and social factors‚ may impact on the strategy of the specified organisation. P6‚M3‚D2 To do this‚ simply describe some of the important changes that are taking placing using appropriate facts and figures. You only need to examine the Political‚ Legal and Social factors affecting
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PESTEL FACTORS PESTEL analysis stands for "Political‚ Economic‚ Social‚ and Technological‚ Environmental and Legal analysis". It is a part of the external analysis when conducting a strategic analysis or doing market research and gives a certain overview of the different macro-environmental factors that the company has to take into consideration. Political factors or how and to what degree a government intervenes in the economy. Specifically‚ political factors include areas such as tax policy
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Name: _________________________ (Last name‚ first name) SID: _________________________ GSI: _________________________ Econ 100B Macroeconomic Analysis Professor Steven Wood Fall 2012 Exam #1 ANSWERS Please sign the following oath: The answers on this exam are entirely my own work. I neither gave nor received any aid while taking this exam. I will not discuss the questions on this test until after 5:00 p.m. on September 27‚ 2012. _______________________________________ Signature
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