COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
Free Economics Macroeconomics
5/7/12 Politics of China Second Paper In the film “China Blue”‚ a seventeen year old girl‚ Jasmine Li‚ works in a Chinese jeans factory. From this documentary we learn about the pay Jasmine was receiving for her hard work‚ half a Yuan an hour which is equal to about six US cents. We also learn about the condition of the factory and dorms‚ the rules that the workers have to abide to‚ and how important these factories are. From just these sweat shops we learn about the economic‚ social‚ and political
Premium Paul Krugman
Improving relations with APEC--The Chinese government has renewed its efforts to form new international relationships‚ along with strengthening existing ties with countries such as the US‚ Russia and the UK. China is at the centre of plans to improve relations among members of Asia-Pacific Economic Co-operation (APEC). Lack of co-ordination between central and local authorities--A federal structure would allow the central government to accomplish its regional goals by operating through the local government
Premium Investment Macroeconomics Local government
For exclusive use at Great Lakes Institute of Management (GLIM)‚ 2015 9 -7 1 1 -0 1 0 REV: MARCH 30‚ 2012 DIEGO COMIN RICHARD H. K. VIETOR China “Unbalanced” We urgently need to transform the pattern of economic development‚” pronounced Premier Wen Jiabao in March 2010. “We will work hard to put economic development on the track of endogenous growth‚ driven by innovation. — Premier Wen Jiabao‚ March 20101 Since the early 2000s‚ the success of China’s export-led growth strategy had been alienating
Premium Economic growth Currency People's Republic of China
rationale for allowing two integrated resorts to be built in Singapore. Why was there this change in policy? Question 2: Explain the economic impacts of the integrated resorts. Expected Economic Benefits from Integrated Resorts When the idea of building Integrated Resorts in Singapore was first introduced to the citizens‚ the government measured the expected economic benefits and social problems the Integrated Resorts would bring about. After much consideration‚ the government proceeded to build
Premium Lee Hsien Loong Singapore Problem gambling
MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
Premium Supply and demand Economics
EC137 Economics Coursework Based on Principles of Microeconomics (Lecturer: Ger Turley) Assignment 2 Instructions: To be submitted by 4pm on Friday‚ 18th of October to the Economics Department‚ 1st floor of St. Anthony’s building (old part of the CAIRNES School of Business and Economics building) on the Upper Newcastle Road (located on the right-hand side‚ beyond the Topaz garage and crossroads). Please ensure that your name‚ student ID‚ tutorial details (day‚ time‚ venue)‚ degree programme
Premium Real estate Economics Supply and demand
Business and Economic Environment Assignment Brief Assessment Activity Front Sheet This front sheet must be completed by the learner and included with the work submitted for assessment. Programme Advanced Diploma in Contemporary Contexts Unit Module Business and Economic Environment Learner Name Assessor Name Lilian Onuegbu Date Issued 21 February 2014 Hand in Date 16 May 2014 Submitted on Internal Verification Yes
Premium Macroeconomics Monetary policy Keynesian economics
decades has been so fast that the country’s urban population has jumped from just about 10% in 1949‚ when the People’s Republic of China was established‚ to nowadays over 50%. Looking back China’s history of modern urbanization‚ the rapid urbanization actually began from 1978‚ when the country opened the door to the world with Chinese leader Deng Xiaoping’s economic reform. According to the official statistics‚ China’s rate of urbanization was only 17.9% in 1978. Nevertheless‚ the urban population
Premium Real estate
China’s Environment: History‚ Problems and Solutions The growth of China‚ with twenty years of Historically‚ rapid growth has produced environmental destruction. China is no exception. Because of its huge and growing population‚ 20 years of over nine per cent per annum growth‚ a history of neglect and adverse geography‚ China faces crises. China has a reputation throughout the world for being a country with large amounts of pollution and environmental degradation. Like many Western nations
Free Environmentalism Pollution Water pollution