BASIC INTRODUCTION TO MACROECONOMICS‚ TOOLS AND TERMINOLOGIES By- Rhit Srivastava MBA –PM(05) IIHMR Economics • Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy Types of economics • Macro economics : Concentrate on large picture of economy. • Microeconomics: • Microeconomics deals with behavior of individual market and the business‚ consumer
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Introduction to Macroeconomics Chapter 1 Introduction to Macroeconomics 1.1 INTRODUCTION • • • • • • • Economics is divided into two main branches: microeconomics and macroeconomics. Macro means large‚ and micro means small. Microeconomics takes a close-up view of the economy by concentrating on the choices made by individual participants in the economy such as consumers‚ workers‚ business managers and investors. Microeconomics stresses on the role of prices in business and personal decisions
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Macroeconomics- Final Project Source: The World Bank & OECD- All figures are annually based. The country of Brazil is the both the largest‚ in terms of territory‚ and most populated country in South America. The country’s largest exports consist of coffee‚ iron ores and concentrates‚ petroleum oil‚ raw sugar‚ and soya beans. Brazil’s largest trade partners (in both import and export) include: China‚ The United States‚ and Argentina. (The Atlas of Economic Complexity‚ 2011) Source: The
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Studies Macroeconomic Considerations By Natasha Jones Business Studies Macroeconomic Considerations Study of the behaviour of the whole (aggregate) economies or economic systems Lawnswood [Type the company address] [Type the phone number] [Type the fax number] Study of the behaviour of the whole (aggregate) economies or economic systems Lawnswood [Type the company address] [Type the phone number] [Type the fax number] My Report: Macroeconomic Policies; Macroeconomic policies
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Fundamentals of Macroeconomics ECO/372 Macroeconomics October 23‚ 2012 Fundamentals of Macroeconomics The purpose of this paper is to describe the following terms: gross domestic product (GDP)‚ Real GDP‚ Nominal GDP‚ Unemployment rate‚ inflation rate‚ and interest rate. Then we have to describe how purchasing of groceries‚ massive layoff of employees‚ and decrease in taxes affects government‚ households‚ and businesses. Learning and understanding the terminology of economics and what really
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ECON1102 Macroeconomics 1 Course Outline Semester 2‚ 2013 Part A: Course-Specific Information Students are also expected to have read and be familiar with Part B Supplement to All Course Outlines. This contains Policies on Student Responsibilities and Support‚ Including Special Consideration‚ Plagiarism and Key Dates. It also contains the ASB PROGRAM LEARNING GOALS. Table of Contents 1 STAFF CONTACT DETAILS 1 1 2 2 2 3 3 3 3 4 4 5 6 6 6 6 7 7 7 8 8 8 9 9 10 10 11 1.1 Communications with
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Fundamentals of Macroeconomics Fundamentals of Macroeconomics Throughout this paper I will provide an explanation of the following terms: Gross domestic product (GDP)‚ Real GDP‚ Nominal GDP‚ Unemployment rate‚ Inflation rate‚ and Interest rate. Within this paper I will consider purchasing of groceries‚ massive layoff of employees‚ and decrease in taxes as examples of economic activities. I will then describe how each of these activities affects government‚ households‚ and businesses as well
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Fundamentals of Macroeconomics In this essay I will describe the fundamentals of GDP‚ unemployment rate‚ inflation rate‚ and interest rate. Also I will be explaining how some common occurrences such as buying groceries‚ massive layoffs‚ and a decrease in taxes affect the government‚ businesses‚ and even you. Lets start with GDP. What is GDP you ask? GDP stands for Gross Domestic Product and represents the total market value‚ in dollars‚ of goods and services. There are 4 main components that
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essay type questions. You have 50 minutes to finish this exam. Academic Integrity: In cases of a violation of academic integrity it is the policy of the Department of Economics to impose the most severe penalties that are most consistent with University guidelines. GOOD LUCK! 1. (4 points) Average labor productivity is the (a) amount of workers per machine. (b) amount of machines per worker. (c) ratio of employed to unemployed workers. (d) amount of output per worker.
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Cut Odds of Early 2012 Rate Increase." Wall Street Journal (Online). 3 June 2011. Web. 3 June 2011. 4. Soloman‚ Deborah‚ and Randall Smith. "Banks May Need More Capital." Wall Street Journal (Online). 4 June 2011. Web. 4 June 2011. 5. "U.S. Macroeconomic Outlook." Dismal Scientist. 13 May 2011. Web. 1 June 2011. 6. Zandi‚ Mark. "The Impact of the Recovery Act on Economic Growth." Dismal Scientist (2009): 1-17. Web. 1 June 2011.
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