ECS2730 ASSIGNMENT Question one a) Different sources had varying figures in terms of acquiring the macroeconomic variables. b) The following graph show the GDP growth rate‚ GDP per capita growth rate and the inflation rate of Nigeria. From the graph it is not easy to see the changes (in terms of figures) in the variables therefore‚ the table below shows how the above variables have changed over time. Year Real GDP growth rate (annual %) GDP per capita growth (annual %) Inflation
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ECOS2002 – Intermediate Macroeconomics Tutorial Questions Topic: ‘Fiscal Policy and the Open Income-Expenditure Model’ Tutorial 2: Week 4 (19-23 August) NB: The readings for this tutorial are indicated in Topic 2 of the reading guide. 1. In the Keynesian theory of output what is mechanism that brings about the equilibrium level of output determined by aggregate demand? 2. ‘The stance of fiscal policy cannot be measured by the size of the actual budget deficit.’ Why
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Econ 301 Intermediate Macroeconomics‚ Professor __________ Park University Online‚ Fax _________________ Final Exam (Weight 300 Points) STUDENT’S NAME ______________________________ Multiple choice Questions. (Weight 5 points each) Choose the best answer. 1) The unemployment rate is the number of ? 2) The value of steel sold to an automobile producer is __________ directly included in the GDP because __________. 3) In the simplest Keynesian model of the determination of income‚ interest
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Chapter 14. Problem 1 a) For IS curve I‚ real GDP equals 8‚800 − 25(4) − 25(4) − 25(4) − 25(4) − 20(4) − 20(4) − 20(4) − 15(4) − 15(4) −10 (4) = 8‚000. For IS curve II‚ real GDP equals 8‚400 − 5(4) − 5(4) − 5(4) − 5(4) − 10(4) −15(4) − 15(4) − 15(4) − 20(4) = 8‚000. b) IS curve I‚ real GDP equals 8‚050‚ 8‚075‚ 8‚100‚ 8‚120‚ 8‚140‚ 8‚160‚ 8‚175‚ 8‚190‚ and 8‚200. IS curve II‚ real GDP equals 8‚010‚ 8‚015‚ 8‚020‚ 8‚025‚ 8‚035‚ 8‚050‚ 8‚065‚ 8‚080‚ and 8‚100. c) Real GDP increases by 200 billion
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A: so‚ tell me about you new house. How is it different to your old one? B: well‚ first of all‚ it’s much bigger. It has the same number of rooms‚ but each room is larger. We also have a larger garden‚ which our dog loves‚ of course! A: so‚ it’s a three-bedrooms detached house? B: yes. One bedroom is for my wife and i. there’s another for our daughter. My wife wants to use the third one as a guest room‚ but I’d like to make it into a study. Our daughter is also keen on making it a study‚ so that’s
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1: The Science of Macroeconomics Macroeconomics is the study of the economy as a whole. It addresses many topical issues which includes growth in incomes‚ changes in the overall level of prices‚ and the unemployment rate. Macroeconomists attempt to explain the economy and to devise policies to improve its performance. Economists use different models to examine different issues. Macroeconomic events and performance arise from many microeconomic transactions‚ so macroeconomics uses many of the
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ECON 281 Fall Term Intermediate Microeconomic theory I University of Alberta XiaoGang Che Chapter One Overview 1. Defining Microeconomics and Macroeconomics 2. Microeconomic Modeling Tools • Constrained Optimization • Equilibrium Analysis • Comparative Statics 3. The Types of Microeconomic Analysis • Positive Analysis • Normative Analysis Chapter One 2 Microeconomics Defined Microeconomics is the study of how individual economic decision-makers such as consumers‚ workers‚ firms
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Macroeconomic study of deal not with individual but aggregate of these quantities not with individual incomes but nation incomes not with individual output but with the nation output Macroeconomic as two policies which are; Financial or monetary macroeconomic policies: The government can make the balance of how money can be supply. The money can be supply in three term which are: OMO- Open Market Operation Reserve requirement Interest Rate OMO can supply money into the bank through
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Macroeconomic Analysis and Policy Session-1 SessionBiswa Swarup Misra Macroeconomic Analysis and Policy PDF created with pdfFactory Pro trial version www.pdffactory.com Biswa Swarup Misra Learning Objectives • What is Macroeconomics? • Macroeconomics vs. Microeconomics • Why Study Macroeconomics? • Influential macroeconomic events • Macro Economic Policy • Key Macroeconomic Variables Macroeconomic Analysis and Policy PDF created with pdfFactory Pro trial version www.pdffactory.com Biswa Swarup
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Macroeconomics Objectives: 1. To deepen and widen students’ understanding of theories and laws that rule the national economies 2. To enhance students’ analytical ability 3. To give a macro-perspective to the economic phenomena around the world 4. To help students better comprehend the domestic and global economic realities and try to predict future course of events References: 1. ‘Economics’ by Paul Samuelson 2. ‘Macroeconomics’ by Dornbusch Fischer 3. ‘Macroeconomics’ by Richard
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