Economics The economics course provides students with a basic foundation in the field of economics. The course has five sections: fundamental concepts‚ microeconomics‚ macroeconomics‚ international economics‚ and personal finance. In each area‚ students are introduced to major concepts and themes concerning that aspect of economics. Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity
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macroeconomic policy on economic growth in Australia since 2008. In your response you should refer to the economic information provided. "It was always easy to predict that fiscal policy would come back into fashion just as soon as the economy dipped into recession. The politician who could resist the temptation to use the budget to stimulate the economy during recession has yet to be born. But there were two other‚ more economic arguments favouring greater reliance on fiscal policy which arose
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Discuss the causes and effects of Economic Growth Economic Growth Before discussing the causes and effects of economic growth‚ I will define what economic growth actually is and distinguish between the two types of growth in the economy; actual and potential. On the whole‚ economic growth may be defined as ‘a long-run increase in an economy’s productive capacity and trend output’. The long-run output growth trend an economy achieves is indicated by the path of trend Gross Domestic Profit
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Trade Sanctions In the world we are living in today‚ countries no longer trade domestically within its own country. Instead of producing and consuming in domestic market‚ people now trade worldwide in the international economy. As we are not living in a fantasy world where there is only one country and one government‚ trading internationally means a collision of different countries’ economy. No human beings are identical‚ so do countries. Therefore with different culture and government perspective
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Assignment Topic: Examine the social‚ economic and political effects of the slave trade on West Africa The trans- Atlantic slave trade was a system developed in the late 15th century which exploited and brought the African people into enslavement by transporting them to the colonies of the new world where they served their purpose as a ‘’cheap’’ labour force . As a result of this‚ the slave trade brought about many social‚ economic and political effects on West Africa. Firstly‚ the population
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International Trade Frances Bailey ECN 221 – Economic Principles February 18‚ 2013 Professor Nick Bergan Abstract One of the most confusing intolerance times is that free trade discussions are unlimited while free trade itself is growing and growing. For more than a while the government attempted to a global agreement to “lower trade barriers that have gone nowhere.” (Naim‚ 2007) The very last time trade was discussed they had reason to celebrate was in the late
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Above all other aims‚ it was certainly that of rapid industrialisation which was a key factor in the design of both Stalin’s major economic policies during the 1930s. It can therefore be argued that overall the policies employed were successful in that they did achieve their aims and pushed the USSR forward in industrialisation terms. However‚ the price paid for this rapidity was great‚ and so it is arguable that Stalin was still unsuccessful to a certain degree. As many historians – such as Medvedev
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* The Effects of the Triangular Trade I. Africa: 1. Depopulation: A. Males 15-25‚ who were the creative‚ productive‚ inventive & skilled segment of the population‚ were taken. = Less protection B. This was the group most likely to have children C. Wars and raiding caused death D. Africans started to migrate from their homelands and move from the coast to the interior E. Caused cultural damage
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The Effects of Monetary Policy on the Economy Central banks are the national authorities responsible for providing currency and implementing monetary policy. Monetary policy is a set of actions through which the monetary authority determines the conditions under which it supplies the money that circulates in the economy. Monetary policy therefore has an effect on short-term interest rates. Setting monetary policy goals has been a defining issue for economists and public opinion since the consolidation
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1. Explain how HCO’s plan the sizes of its various components? How does it make its plans? What are the implications of too big and too small? Why is the final decision reserved for the governing board? The success of any HCO will depend a great deal on making sure that there is a correct sizing of the various teams and facilities within the organization. According to the reading this week‚ “each service offered must be large enough to meet needs and operate effectively‚ but not larger” (White &
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