Many Asian countries such as Singapore‚ HK‚ and South Korea have achieved tremendous economic growth in the last forty years of development. One of the key success factors has been macroeconomic stability in these countries. Multiplier effect --- population Talk aboit the characteristic of Asian countries-past 40 years –deveoping country –vast raw material 1 Economic growth is defined as an increased in the level of production of goods and services by a country over a certain period of time
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Question Explain briefly how macroeconomics is different from microeconomics. How can macroeconomists use microeconomic theory to guide them in their work‚ and why might the wish to do so? Please give examples. Introduction All economic problems arise from scarcity because human wants are unlimited but resources are limited. Economics the science of choice‚ it is talking about how individuals and societies make a choice from the scarcity. All economic choices can be summarized in three questions:
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them‚ "What are your long-term goals?" "To be a marketing manager within five years and have a hand-picked team reporting to me‚" replies Phil. This is a very specific and narrow goal‚ which may not be an option at this company. The "hand-picked" team reference demonstrates a lack of flexibility. It’s best to stay away from too specific a goal. "I have been so busy with my responsibilities and achieving company goals that I have not focused on personal long-term goals‚" answers Shawna. While a strong
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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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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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The important attributes for an individual who is working towards the current foundation year and the focused degree is to be good at communications. The main reason as to why we make communication come into sight is because enchancing our oral and visual skills are the primary core employers look for. Therefore we need to develop persuasive and research skills to streghten our ability of cricital and analytical thinking Subsequently‚ study habits like learning how to make notes‚ be consistent
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PATH GOAL THEORY OF LEADERSHIP The path-goal theory‚ also known as the path-goal theory of leader effectiveness or the path-goal model‚ is a leadership theory in the field of organizational studies developed by Robert House‚ an Ohio State University graduate‚ in 1971 and revised in 1996. The theory states that a leader ’s behavior is contingent to the satisfaction‚ motivation and performance of his subordinates. The Path-Goal Theory of Leadership was developed to describe the way that leaders
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Introduction: In this twenty first century‚ one of the most widely discussed topics throughout the world is Millennium Development Goals (MDG). In September 2000‚ meeting at the United Nations Millennium Summit‚ the world leaders agreed to a remarkable document‚ the Millennium Declaration. The Declaration demanded that the world set its sights higher and aim for eight specific goals‚ most of which were to be achieved by 2015. What subsequently came to be known as the MDGs are - 1. Eradicate extreme
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ASSIGNMENT: “WHAT HAS SOUTH AFRICA DONE TO ACHIEVE THE MDG’S?” INTRODUCTION The Millennium Development Goals are set by the United Nations to be achieved by South Africa. Important global partnerships for development were formed‚ to ensure productive work for all‚ commitment‚ good governance and poverty eradication. Most importantly‚ “What has South Africa done to achieve the MDG’s?” GOAL 1 – TO ERADICATE EXTREME POVERTY In South Africa the severity of poverty has been reduced since 2002.
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The third Millennium Development Goal is to promote gender equality and empower women by the year 2015. One of the main parts of this goal is to eliminate gender disparity in primary and secondary education (UN MDGs). However‚ in order to do this the first goal‚ end poverty and hunger‚ must also be accomplished. Poverty is a major barrier to women who must choose between giving what little money they have to either their family or their education. Some countries‚ such as Egypt and Tunisia‚ have given
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