1013 ECONOMICS Ms. Siti Rohaya Mat Rahim Consultation Hours: Monday : 10 am - 12 pm Thursday: 2 pm - 4pm Room : H203 Email: rohaya@utar.edu.my 1 2 3 4 Christopher Sims‚ Nobel Laureate in Economics‚ 2011. 5 Economics‚ at its best‚ is a set of ideas and methods for the improvement of society. It is not‚ as so often seems the case today‚ a set of ideological rules for asserting why we cannot face the challenges of stagnation‚ job loss and widening inequality. CHAPTER 1: ECONOMICS 6 CHAPTER
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The Economics of the Government With regards to macro-economics‚ the government has four major objectives: Low unemployment‚ price stability‚ economic growth that is both and strong and sustainable‚ and a solid equilibrium. These objectives are evident across recent economically successful nations. We will look into how these objectives affect the economy as a whole. We will also look at limitations that arise when governments attempt to simultaneously achieve in these objectives. How do these
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The Nature and Method of Economics CHAPTER OVERVIEW This chapter begins with a discussion of the meaning and importance of economics. In this first chapter‚ however‚ we will not plunge into problems and issues; instead we consider some important preliminaries. We first look at the economic perspective—how economists think about problems. Next‚ we state some of the benefits of studying economics. Then‚ we examine the specific methods economists use to examine economic behavior and the economy
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ECONOMICS ASSIGNMENT Glossary SA – South Africa GDP – Gross Domestic Product FDI – Foreign Direct Investment MBA 2013 January Intake 1 ECONOMICS ASSIGNMENT Question 1 Using appropriate diagram‚ illustrate and explain what has happened in the Chinese economy since 2005? What have been the year-on-year GDP growth rates and what‚ in your opinion‚ has led to this performance? What are some of the other economic problems China seems to be experiencing? Over the past three decades
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Types of Models in Economics From the definition of a model‚ it has been said that models in economics have the wide range of forms including graphs‚ diagrams‚ and mathematical models. Economists use these models in different purposes; it depends on many factors such as what type of raw data they have‚ how they can represent the data‚ and what they want from the model they use. In this section it will be more explanation about what is the main role of these different models and also some important
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and Welfare Economics 1 Welfare Economics • Are market allocations of resources socio-economically efficient? • Welfare Economics: “The branch of economic theory concerned with the social desirability of alternative economic states.” • The theory is used to distinguish circumstances under which markets can be expected to perform well • It also helps define some circumstances under which we might want government intervention. 2 1 4/24/2013 Welfare Economics • There
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market and the worldwide economic damage that followed in 2008 and 2009 made people know the term "economic meltdown" (ehow.com‚ 2011). And the year 2011 proved to be a epic one in world history and brought dramatic change to many parts of the world - change that require cautious and serious analysis. International developments since World War II have drawn the nations of the world closer together in a global economy in which labour and capital move across borders. When an economic crisis in one area spreads
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Economic Growth Economic growth is defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment. Short term growth is measured by the annual % change in real GDP. Economic growth is an increase in real national output or an expansion of the economy’s long-run productive potential. It is measured by the percentage change in real GDP or GNP. Inevitably there are fluctuations in the rate of growth
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Kene)).[ 1] The economic analysis dates back to the times of the Ancient Greece and Rome. As applied science‚ the economic analysis began to develop in process of development of human society and the type of economy accompanying it. What is a basis of human society in its economic way? Wealth? Prosperity for all? Personal benefit? Enrichment of the few about which great Aristotle wrote by generalizing rich people as "oligarchs". Many millennia back people opened such economic categories as "cost"
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LABOUR COOPERATION UNDER STRUCTURAL ADJUSTMENT IN HEALTH AND EDUCATION THESIS SUMMARY SUBMITTED IN FULLFILMENT OF THE REQUIREMENT FOR THE AWARD OF A MASTERS OF ARTS DEGREE IN ECONOMICS. BY HASSAN T. KASOLO. 2003 INTRODUCTION Organizations in Uganda and those who work there‚ have for a considerable time now suffered from enormous stress. The long term causes appear to be a complex mixture of external and internal factors. The former is exemplified by the international debt crisis
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