Principles of Macroeconomics Phase 1 Individual Project: Introduction to Macroeconomic Theory ECON210-1403A-01 July 14‚ 2014 Scenario 2: In order to understand the concepts of macroeconomics and microeconomics‚ the definition and the concept of economics must first be explored and understood. Economics is the focus of how the production‚ consumption‚ and transfer of wealth affect the standard of living. Economics is broken up into main areas‚ macroeconomics and microeconomics. Macroeconomics is the greater
Premium Supply and demand Economics Macroeconomics
etc. Definitions of Macroeconomics "Macroeconomics is that part of economics which studies the overall averages and aggregates of the system." (Kenneth Boulding) "Macroeconomics deals with the functioning of the economy as a whole." (Carl Shapiro) What’s the difference between macroeconomics and microeconomics? Microeconomics is generally the study of individuals and business decisions‚ macroeconomics looks at higher up country and government decisions. Macroeconomics and microeconomics
Free Economics Macroeconomics
Question 1. List the two things that GDP measures. How can GDP measures two things at once? GDP measures the total economy income and total output of goods and services. The reason why GDP measures two things at once is that the output of goods and services and total income‚ quantitatively‚ are the same. For instance‚ every dollar of expenditure by a buyer must become a dollar of income to a seller. 2. What does the consumer price index measure? How is it different from the GDP deflator? Consumer
Premium Inflation Unemployment Supply and demand
Week Four Reflection Team A will discuss the objective‚ which consist of analyzing the influence of the debt in the United States economy‚ and explain the impact that surplus and deficits has on the health of the United States macroeconomy. To analyze the influence of the deficit‚ surplus‚ and debt on the health of the United States macroeconomy you have to understand what exactly is deficit and surplus. A deficit is a shortfall of revenues are under payments‚ and a surplus is the
Premium United States Economy of the United States Economics
analysis is the relationship between stock price movements and variations in macroeconomic aggregates. The paper examines the role of macroeconomic variables on Dhaka Stock Exchange (DSE) stock returns movement in Bangladesh. In this paper‚ the analysis is conducted by using monthly data for the period span from January 2009 to December 2012. All data are collected from Dhaka Stock Exchange‚ Internet. Five macroeconomic variables have been selected to assess the influence on stock return of Dhaka
Premium Stock market Macroeconomics Central bank
weaknesses in infrastructural capacity‚ inadequate levels of investments‚ and pressures for decentralization. External challenges include security risks as well as an uncertain global economic growth environment. Fiscal policy will not only affect macroeconomic stability‚ but also whether Kenya can transition to a higher economic growth path‚ reduce its high poverty rate‚ and address its substantial income‚ asset‚ and regional inequalities. The paper by Thugge‚ Heller and Kiringai examines whether Kenya’s
Premium Economics Economic growth Gross domestic product
What is the difference between micro and macroeconomics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Micro and macroeconomics describe the same concept of economics at different levels hence they are intertwined ideas. Microeconomics is concerned with individuals in the economy like households‚ workers and business (Taylor & Greenlaw‚ 2016). It concentrates on how business establishes prices‚ how it is affected by taxes and it explains the concept of demand
Premium Economics Macroeconomics Supply and demand
BEC1614 Microeconomics 6. Objectives To give an overall understanding about the economic climate and challenges in the Malaysian economy. 7. Subject Learning Outcomes At the completion of the subject‚ students should be able to perform the following tasks: LO1: Identify the Malaysia’s macroeconomic indicators (Cognitive‚ Level 1). LO2: Explain the major economic activities in Malaysia (Cognitive‚ Level 2). LO3: Analyse the fundamental macroeconomic issues in Malaysia (Cognitive
Premium Economics Case study Macroeconomics
Microeconomics vs Macroeconomics There are differences between microeconomics and macroeconomics‚ although‚ at times‚ it may be hard to separate the functions of the two. First and foremost‚ both of these terms mentioned are sub-categories of economics itself. As the names of ‘micro’ and ‘macro’ imply‚ microeconomics facilitates decisions of smaller business sectors‚ and macroeconomics focuses on entire economies and industries. These two economies are mutually dependent‚ and together‚ they develop
Free Economics Macroeconomics
“Disequilibrium and Structural Adjustment”. Hand book of Development Economics‚ vol.2‚ Amsterdam: North Holland. EEC (1990) “Ethiopia and the European Community” Brussels. Elbadawi Ibrahim A and Soto Raimundo (1997). “Real exchange rates and macroeconomic Adjustment in Sub-Saharan Africa and other developing countries”. Journal of African Economies‚ No. 6 vol. 3. Jing Xu (2003). “Real exchange rate misalignment in developing countries: Empirical investigations” Economics 423 P. Mueser. Lancaster
Premium Macroeconomics Economics Central bank