OUTPUT-EMPLOYMENT THEORIES (CLASSICAL AND KEYNESIAN) Classical Theory (A) Introduction: Employment and output analysis at macro level has become an important part of economic theory only during and after the Second World War period. It was J. M. Keynes who first analyzed the frequent problem of unemployment and fluctuating levels of real output or national income. Before Keynes’ General Theory (1936) there was hardly any important and serious discussion of the problem of unemployment. However
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HKUST MBA Microeconomics Case 1: Medicines Company Case Question 1. For drug administrators‚ their incentive for using the drug is that the drug’s got to make economic sense. Data showed that for more than 4‚300 patients‚ Angiomax was a more superior alternative to Heparin. Also shown in tables b and c that it effectively reduced the incidences of death by 30% ‚ heart attack by 26%‚ need for a repeat angioplasty by 14% and major bleeding by 65% (sum of weighted average between high risk and
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Chinese Tourism & Hospitality Industry : how the growing number of Chinese tourists can help boost the Colorado economy. In Colorado‚ the Colorado loves California campaign has helped fuel the states economy and generated increased state revenues. Direct revenues related to this particular marketing strategy and indirect revenues have boosted the state economy in a number of different sectors‚ including the housing market‚ tourism‚ retail‚ as Colorado continues to campaign for entry of
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So McAuslan brewing all started with a guy named Peter McAuslan he was born and raised in lachine Québec any was educated at Sir George Williams University which is now known as concordia University. he graduated in 1972 with a bachelor of arts From there he worked at the YMCA in Montréal and Dawson College - this is where he met his wife Ellen Bounsall. After being tired of doing the same old thing‚ peter wanted a change. So in 1987 Peter decided to leave Dawson College and devote his
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Environment Protection Environmental modification is as old as the history of human development. In the last century‚ development and modification have come much faster then ever before. While it took a few thousand years for man to pass from Paleolithic to Neolithic tools‚ it has taken less than a century to modify conventional weaponry to nuclear devices. Development has been so rapid that nature has not had time
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International Journal of Business and Social Science Vol. 2 No. 20; November 2011 Work Environment‚ Service Climate‚ and Customer Satisfaction: Examining Theoretical and Empirical Connections Padmakumar Ram Director of Experiential Education & Associate Professor‚ School of Management‚ New York Institute of Technology Sixth circle - Zahran Street‚ P.O. Box 840878‚ Amman 11184 Jordan Swapna Bhargavi . G Research Scholar Sri KrishnaDevaraya Institute of Management Sri KrishnaDevaraya
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The deterioration of the environment The deterioration of the environment is one of the most serious problems now and although many groups and associations have tried to preserve planet green‚ pollution continues to affect many parts of the world‚ especially in industrialized countries. The main cause of deterioration is due mainly to the growth of cities and industry development. In recent years‚ both governments and environmental organizations and scientists seeking solutions to limit human
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Maladaptive resource management in prior and present societies The situation with the Vikings on Greenland gives a good example of this. Trading walrus ivory with Europeans was an important part of the Economy. The iron was important for the Vikings in fighting against the Inuit people. The Europeans essentially started to trade for elephant ivory instead. There were good growing conditions in some western parts of Greenland in the summers and they lived off animal products‚ i.e. pastoralists. During
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University School of Law St. Thomas University School of Law Legal Studies Research Paper No. 2012-01 THE DEAN’S ROLE IN BUILDING A POSITIVE WORKPLACE ENVIRONMENT Douglas E. Ray Electronic copy available at: http://ssrn.com/abstract=2011129 RAY_FINAL.DOC 8/15/2011 2:46 PM THE DEAN’S ROLE IN BUILDING A POSITIVE WORKPLACE ENVIRONMENT Douglas E. Ray* UCH of a dean’s job involves reaching out to various communities. We reach out to and build relationships with alumni and donors for needed
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For centuries‚ China has been the most populous nation on Earth. Today‚ its population ’s impact on the environment is evident even in the most remote areas. Yet some are sanguine about China ’s prospects. Despite the political reforms that will be needed to catalyze any real change in the environmental sphere‚ the public response to China ’s crisis has sprung some optimism about the future. China has a lot of pollution in the air from its factories. I feel sorry for the Chinese people but until
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