Macroeconomics – the study of economic activity in the whole economy. It includes the study of: Economic growth – a steady rate of increase of national output Employment – a low level of unemployment Price stability – a low and stable rate of inflation External stability – a favorable balance of payments position Income distribution – an equitable distribution of income Circular flow of income model – the movement of spending and income through the economy. In a macroeconomics equilibrium
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THE MACROECONOMIC UNCERTAINTY IN THE OIL AND GAS EQUIPMENT SERVICE INDUSTRY We explore how the macroeconomic fluctuation can really affect the performance of a company. We analyze the companies of the oil and gas equipment service industry: FMC Technologies‚ NOV‚ and Schlumberger. We use the MUST Analysis in order to discover what were the macroeconomic variables that really affects our companies’ performance‚ the magnitude‚ and the direction of the variables with the performance. The data sources
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acquire my MBA while working is a 50-50 (50%) chance at this point in my life. I’m doing OK financially but if a firm wants to reimburse me for my tuition and expenses‚ I’ll do it. II: Methodology Even though I actually worked at the two “simple” careers at different points in my life‚ I adjusted all salaries to “today’s” salaries: For the grocery clerk I used today’s journeyman salary scale (Table 1) and for the automotive technician I used today’s Flat Rate hourly amounts and approximate
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Year 11 Economics Research Task Fiscal policy: 2007- 2013 The government during the period from 2007- 2013 developed a strong Fiscal policy stance. In the years Prior to the Global Financial Crisis (GFC)‚ the government decided to take a countercyclical approach to the economy through Fiscal policy as they had seen the unstable increase in levels of spending and the levels of saving. This is shown in diagram 1‚ government spending was at low point in the previous decade of 31.5 %. In the year
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Ch. 20- Measuring GDP and Economic Growth Gross domestic product (GDP): market value of the final goods and services produced within a country in a given time period. * Market value- not counting items but the value they have ex. 100 oranges=$20‚ 50 apples=$5 so market value=$25 * Final goods and services- * Final good: an item bought by its final user during specific time period ex. Truck is a final good * Intermediate good: produced by one firm then used as component of
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17/10/2014 Compare culture and social organisation in any two societies‚ making reference to at least two different sociological theories and key concepts associated with them. Within every society‚ and every community or settlement across the globe‚ there is undoubtedly one thing that they have in common; we identify this as ‘culture’. “Culture is a design for living” (Clyde Kluckhohn‚ cited in Halambros et al‚ 2013: 5)‚ it describes the
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expense of more productive investments. It can also create the illusion of temporary financial well-being while hiding fundamental economic problems. When inflation is high‚ businesses and households spend more time and money trying to protect themselves from the effects of rising costs and prices. Business people‚ workers‚ and investors respond to rising inflation by pushing up prices‚ wages‚ and interest rates to protect themselves. This can lead to a "vicious circle" of rising inflation. Therefore inflation
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Colorado State University Global Campus Macroeconomics Final Project week 8 Econ 400 The first thing we learn in our macroeconomic class is that people face trade offs. It is hard to gage which trade off is better for us as a whole‚ when economists and politicians are split between both positive and normative‚ in
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INTRODUCTION Our organization‚ Factory Outlet Store (FOS)‚ is a retail store that sells discounted clothing for adults and kids‚ from brand names such as Old Navy and Abercrombie & Fitch. FOS is a well-established brand and has a popular chain of stores in Malaysia‚ but we are looking to expand to Thailand with a first-ever four-storey FOS shopping center instead of freestanding boutiques. We are interested in expanding to Thailand as it has a dynamic retail sector. Some of its major retailers
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Explain the concept of potential output and why actual output can differ from potential output? (2 marks) Potential output is the amount of output that an economy can produce when using its resources such as capital and labour‚ at normal rates. Potential output is not a fixed number but grows over time‚ reflecting increases in both the amounts of available capital and labour and their productivity. As capital and labour can be utilised at greater than normal rates‚ at least for a time‚
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