The government bodies that influence national fiscal policies include the Housing Finance Board‚ Housing and Urban Development (HUD)‚ and the Federal Housing Administration (FHA). The Housing Finance Board is responsible for setting mortgage rates for home and property‚ and regulates banks that supply money to local lenders‚ ensuring that they are lending money to suitable persons at appropriate rates. Housing and Urban Development is responsible for working with the community to encourage more people
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Introduction Since independence‚ Nigerian foreign policy has been characterized by a focus on Africa and by attachment to several fundamental principles: African unity and independence; peaceful settlement of disputes; nonalignment and non intentional interference in the internal affairs of other nations; and regional economic cooperation and development. In pursuing the goal of regional economic cooperation and development‚ Nigeria helped create the Economic Community of West African States (ECOWAS)‚ which
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or other orgs. Are considered are considered in isolation from the rest of the economy. • Macroeconomics – is concerned with the economy as a whole. An overall view of the economy and aggregate economic behavior is studied. Emphasis on topic such as total production‚ income and expenditure‚ economic growth‚ aggregate unemployment‚ inflation etc is studied. • The problem of economizing is essentially one of deciding how to make the best use of limited resources to satisfy unlimited want
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Objectives of Economic Growth and Development Economic growth is defined by‚ among other things‚ material capital formation‚ human capital formation and the creation of innovation. Put another way‚ economic growth is determined by the amounts and types of capital and labor that are invested‚ and how they are utilized for production. The objective of economic growth through economic policy is not necessarily GDP or GNP maximization but maybe enhancing and improving quality of life or other values
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Economics for Managers Block I MICROECONOMICS – I UNIT 1 Introduction to Microeconomics UNIT 2 Theory of Demand and Supply UNIT 3 Consumer Behavior UNIT 4 Production Function 46-62 30-45 12-29 1-11 UNIT 5 Analysis of Costs 63-80 Expert Committee Dr. J. Mahender Reddy Vice Chancellor IFHE (Deemed to be University) Hyderabad Prof. Y. K. Bhushan Vice Chancellor IU‚ Meghalaya Prof. Loveraj Takru Director‚ IBS Dehradun IU‚ Dehradun Prof. S S George Director‚ ICMR IFHE (Deemed to be
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CHAPTER ONE 1.0 INTRODUCTION Federalism as it were‚ originated during the colonial epoch beginning with the amalgamation of the Northern and Southern Protectorates in 1914. It was introduced into Nigeria precisely by the 1946 Richardson constitution. The constitution introduced regionalism into Nigeria for the first time‚ establishing regional assemblies in addition to the already existing central legislature. However‚ the regional houses remained only as deliberative and advisory bodies having no
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CHAPTER ONE INTRODUCTION 1.1 Background to the Study Fiscal federalism is essentially about multilevel government structure‚ rather than within a level structure of government‚ for the performance of government functions and service delivery to the people. Each level of government can be viewed as an institution with definite functions to perform (Rivlin‚ 1991). The conventional wisdom in economics is that all functions allocated to government should be those that the market is not
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Economic Objectives of Land Reform land reform noun (Concise Encyclopedia) Deliberate change in the way agricultural land is held or owned‚ the methods of its cultivation‚ or the relation of agriculture to the rest of the economy. The most common political objective of land reform is to abolish feudal or colonial forms of landownership‚ often by taking land away from large landowners and redistributing it to landless peasants. Other goals include improving the social status of peasants and coordinating
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C U S S I O N N O T E April 2013 Rethinking Macro Policy II: Getting Granular Olivier Blanchard‚ Giovanni Dell’Ariccia‚ Paolo Mauro SDN/13/03 INTERNATIONAL MONETARY FUND Research Department Rethinking Macro Policy II: Getting Granular1 Prepared by Olivier Blanchard‚ Giovanni Dell’Ariccia‚ Paolo Mauro April 15‚ 2013 DISCLAIMER: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed
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thermometer - measure the economic development within a country‚ the Gross Domestic Product (GDP). This new approach in modern Macroeconomics‚ though it cannot measure human happiness‚ admittedly is the most important indicator of a national economic performance. In order to raise a national GDP‚ the state’s government has the duty to intervene. John Keynes championed the idea of a contra- cyclical practice. Although this approach has been critiqued‚ it is used in today’s EU policies regarding the crisis
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