BASIC INTRODUCTION TO MACROECONOMICS‚ TOOLS AND TERMINOLOGIES By- Rhit Srivastava MBA –PM(05) IIHMR Economics • Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy Types of economics • Macro economics : Concentrate on large picture of economy. • Microeconomics: • Microeconomics deals with behavior of individual market and the business‚ consumer
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Introduction to Macroeconomics Chapter 1 Introduction to Macroeconomics 1.1 INTRODUCTION • • • • • • • Economics is divided into two main branches: microeconomics and macroeconomics. Macro means large‚ and micro means small. Microeconomics takes a close-up view of the economy by concentrating on the choices made by individual participants in the economy such as consumers‚ workers‚ business managers and investors. Microeconomics stresses on the role of prices in business and personal decisions
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Phuong Dung Ngo Anchor 2 09/05/2013 Reflection Paper 1 Question 4: Race has always played a major role in the settlement of the Americas and the establishment of our differing cultures and institutions. What insights have you gotten from your readings and discussions in class about the differing Spanish and English attitudes toward non-European races and to slavery? How do you think North American attitudes today about Latino immigration have been shaped by our heritage of racism and slavery
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Reflection about Instructional Leadership EDD8113 Nova Southeastern University April 29‚ 2012 Effective school leadership today must combine the traditional school leadership duties such as teacher evaluation‚ budgeting‚ scheduling‚ and facilities maintenance with a deep involvement with specific aspects of teaching and learning. Effective instructional leaders are intensely involved in curricular and instructional issues that directly affect student achievement (Cotton‚ 2003). The writer
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Fundamentals of Macroeconomics Paper ECO/372 Fundamentals of Macroeconomics Paper Part 1 * Gross Domestic Product (GDP)- is the market value of all goods and services within a country in a period of time (Hindsight). * Real GDP- account for changes in the price level‚ an adjusted measure compared to Nominal GDP. * Nominal GDP- When a GDP figures that has not been adjusted for inflation. * Unemployment Rate- The rate is measure of unemployment citizens by dividing the number
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A N N U A L R E P O R T / B C R P 2 0 0 7 CENTRAL RESERVE BANK OF PERU 13 GRAPH 1 Overall inflation and food and beverage inflation in December 2007 (Las 12-month percentage change) Data on inflation in China and Germany refers only to food. Source: Bloomberg. 12.0 15.2 16.7 8.5 6.2 10.8 6.6 4.8 6.1 6.0 5.7 5.4 8.4 7.8 6.5 5.7 5.1 4.5 4.2 4.1 3.9 3.8 2.8 2.1 Turkey Chile China Colombia India Brasil Spain USA Peru Mexico Germany England Total Food and Beverages In 2007 economic
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Fundamentals of Macroeconomics In this essay I will describe the fundamentals of GDP‚ unemployment rate‚ inflation rate‚ and interest rate. Also I will be explaining how some common occurrences such as buying groceries‚ massive layoffs‚ and a decrease in taxes affect the government‚ businesses‚ and even you. Lets start with GDP. What is GDP you ask? GDP stands for Gross Domestic Product and represents the total market value‚ in dollars‚ of goods and services. There are 4 main components that
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Studies Macroeconomic Considerations By Natasha Jones Business Studies Macroeconomic Considerations Study of the behaviour of the whole (aggregate) economies or economic systems Lawnswood [Type the company address] [Type the phone number] [Type the fax number] Study of the behaviour of the whole (aggregate) economies or economic systems Lawnswood [Type the company address] [Type the phone number] [Type the fax number] My Report: Macroeconomic Policies; Macroeconomic policies
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Fundamentals of Macroeconomics ECO/372 Macroeconomics October 23‚ 2012 Fundamentals of Macroeconomics The purpose of this paper is to describe the following terms: gross domestic product (GDP)‚ Real GDP‚ Nominal GDP‚ Unemployment rate‚ inflation rate‚ and interest rate. Then we have to describe how purchasing of groceries‚ massive layoff of employees‚ and decrease in taxes affects government‚ households‚ and businesses. Learning and understanding the terminology of economics and what really
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Cut Odds of Early 2012 Rate Increase." Wall Street Journal (Online). 3 June 2011. Web. 3 June 2011. 4. Soloman‚ Deborah‚ and Randall Smith. "Banks May Need More Capital." Wall Street Journal (Online). 4 June 2011. Web. 4 June 2011. 5. "U.S. Macroeconomic Outlook." Dismal Scientist. 13 May 2011. Web. 1 June 2011. 6. Zandi‚ Mark. "The Impact of the Recovery Act on Economic Growth." Dismal Scientist (2009): 1-17. Web. 1 June 2011.
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