breadth and depth of what you will be studying is to know the way economics is organized. There are two major divisions in economics: microeconomics and macroeconomics. MICROECONOMICS Microeconomics concentrates on individual units – the household‚ the firm‚ the industry. It sees and examines the “trees”. MACROECONOMICS Macroeconomics
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include quantitative and qualitative elements. The IB Diploma Programme economics course emphasizes the economic theories of microeconomics‚ which deal with economic variables affecting individuals‚ firms and markets‚ and the economic theories of macroeconomics‚ which deal with economic variables affecting countries‚ governments and societies. These economic theories are not to be studied in a vacuum—rather‚ they are to be applied to real-world issues. Prominent among these issues are fluctuations in
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rights reserved MBA (IB) 2011-2013 Indian Institute of Foreign Trade Delhi Macroeconomic Country Report - Japan INDEX S. NO. CONTENTS PAGE NO. 1. 2. 3. 4. 5. S. NO. Japan - Socio Economic and Political Outlook Political Economic Social Macroeconomic Performance in recent past Macroeconomic Issues 1. Rising Yen 2. High Debt-GDP Ratio 3. Recent Earthquake and Tsunami Remedies to overcome Macroeconomic difficulties References List of Tables and Figures 3 3 4 4 5-7 8 9 10 11 12-14
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such work will automatically receive a mark of Zero. Word guide: 2000 -3000 FIJI NATIONAL UNIVERSITY COLLEGE OF BUSINESS‚ HOSPITALITY AND TOURISM STUDIES SCHOOL OF ECONOMICS‚ BANKING & FINANCE DEPARTMENT OF ECONOMICS ECN601 Macroeconomics II 8 Credit Point Trimester 2‚ 2013 Unit Coordinator: Mr. Keshmeer Makun Contributing Lecturers: Mr. Abinesh Gounder Lectures: Fulltime students: Tuesday 8-10am H004 and Thursday 8-10am H004
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CHAPTER A First Look at Macroeconomics 20 What Will Your World Be Like? Will tomorrow’s world be more prosperous than today? Will jobs be plentiful? Will the cost of living be stable? Will the government’s and the nation’s deficit continue to increase? What macroeconomic policy tools does the government have to steer the course of the economy? Origins and Issues of Macroeconomics Economists began to study economic growth‚ inflation‚ and international payments during the 1750s
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business‚ government‚ and foreign. Expenditures made by each of these sectors are commonly termed consumption expenditures‚ investment expenditures‚ government purchases‚ and net exports. Aggregate expenditures (AE) are a cornerstone in the study of macroeconomics‚ playing critical roles in Keynesian economics‚ aggregate market analysis‚ and to a lesser degree‚ monetarism. In particular‚ aggregate expenditures are combined with the price level as aggregate demand. Aggregate expenditures are the total expenditures
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MICROECONOMICS | MACROECONOMICS | As the term “micro” imply‚ microeconomics facilitates decisions of smaller business sectors.Micro Economics studies the problems of individual economic units such as a firm‚ an industry‚ a consumer etc.Micro Economic studies the problems of price determination‚ resource allocation etc.While formulating economic theories‚ Micro Economics assumes that other things remain constant.The main determinant of Micro Economics is price.Microeconomics is the study of decisions
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2008-AL-ECON-II Past Questions on Macroeconomics Prepared by A.Chow Unit 1 – National Income Accounting 1. Which of the following are included in the national income of Hong Kong? (1) government spending on public assistance. (2) commission from the sale of second-hand cars. (3) salaries of the employee of the Jockey Club. (4) receipts form the sale of stocks and shares. A. (1) and (2) only B. (1) and (4) only C. (2) and (3) only D. (3) and (4) only (90 -01) Refer to the following national income
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The three concepts that I learned about in this course were microeconomics‚ mesoeconomics‚ and macroeconomics. Therefore‚ I will discuss these three concepts. I will briefly describe which of these are of greatest relevance to my studies and career. Also‚ I will discuss which topics I would mention as worthy of extra investment in time and effort. Microeconomics is the study of economics that focuses on the individual consumer and producer in a market economy. An example is that for Assignment
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info: rhafer@siue.edu; ext. 2747 Office hours: T‚ Th 2:00 – 3:30 and by appointment Office: Department of Economics and Finance‚ Alumni Hall‚ 3145 Course description: The goal of this course is to provide a more in-depth treatment of the various macroeconomic theories and policy options that you touched upon in principles. Part of this extension is learning to build more sophisticated economic models that are used to explain and predict observed economic events‚ such as inflation and recessions. In
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