City University of Hong Kong Department of Economics and Finance Semester B 2013–2014 EF2401 Economics II Instructor: Dr. KUNIEDA‚ Takuma Office: P7318‚ Academic Building‚ Level 7‚ Lift 6 Phone: 3442-7960 Email: tkunieda@cityu.edu.hk Office Hours: To be announced 1 Objectives and Outcomes 1.1 Objectives The main objective of this course is to introduce students to the basic principles of macroeconomics. Students will learn to apply macroeconomic analysis to the business world and other
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Research Paper No. 1929 Federalism‚ Taxation‚ and Economic Growth John William Hatfield January 2006 RESEARCH PAPER SERIES Federalism‚ Taxation‚ and Economic Growth John William Hat…eld Graduate School of Business Stanford University January 2006 Abstract We show that federalism will lead to higher economic growth. We present a model of endogenous growth where government services‚ funded by income and capital taxes‚ are a component of production. In this model a decentralized government
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THE IMPACT OF BANK REGULATION ON THE OPERATIONS OF COMMERCIAL BANKS IN GHANA: A CASE STUDY OF HFC BANK. Contents CHAPTER ONE 3 INTRODUCTION 3 1. 1 Background of the Study 3 1.2 Statement of the Problem 4 1.3 Research Objectives 5 1.4 Research Questions 5 1.5 Significance of the research. 5 1.6 Organization of the Study 5 1.7 Limitations of the study 6 Chapter Two 7 Literature Review 7 2.1 Definition of Terminologies 7 2.2 Regulation in the banking industry 8 2.2.1 Objectives
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Economic Development vs Economic Growth Economic Growth is a narrower concept than economic development.It is an increase in a country’s real level of national output which can be caused by an increase in the quality of resources (by education etc.)‚ increase in the quantity of resources & improvements in technology or in another way an increase in the value of goods and services produced by every sector of the economy. Economic Growth can be measured by an increase in a country’s GDP (gross
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Discuss the causes and effects of Economic Growth Economic Growth Before discussing the causes and effects of economic growth‚ I will define what economic growth actually is and distinguish between the two types of growth in the economy; actual and potential. On the whole‚ economic growth may be defined as ‘a long-run increase in an economy’s productive capacity and trend output’. The long-run output growth trend an economy achieves is indicated by the path of trend Gross Domestic Profit
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SERIES PUBLIC POLICY AND ECONOMIC GROWTH; OEVELOPING NEOCLASSICAL IMPLICATIONS Robert G. King Sergio Rebelo Working Paper No. 3338 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Masaarhusetts Avenue Cambridge‚ MA 02138 April 1990 This paper is part of NBER’s research program in Growth. Any opinions expressed are those of the authors and not those of the National Bureau of Economic Research. NBER Working Paper #3335 April 1990 PUBLIC POLICY AND ECONOMIC GROWTH: DEVELOPING NEOCLASSICAL IMPLICATIONS
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Difference between Economic Growth and Economic Development :- Economic Growth is an issue considered by economically developed countries which have utilized many of their resources and now plan to expand even further by growth. It is a narrower concept than Economic Development as it focuses on the further increase of the national output of a country by increasing the quality of resources‚ the quantity produced and increasing utilization by every sector of the economy. We can also say it is defined
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Economic Growth and environmental problems The industrial revolution‚ which began around 1750‚ ushered human beings into a new era of modern civilization. While the remarkable progress in science and technology has improved people’s lives greatly‚ our earth is changing and the environment around us is becoming worse and worse. According to Booth (1991‚ p.552)‚ the" long-run economic growth relies on the creation of new industries and new forms of economic activity‚ these new forms of economic activity
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“Discuss the Causes and Effects of Economic Growth” Economic Growth is where goods and services maximise in value over a period of time. This is measured by Real Gross Domestic Product (GDP) which is defined as “The total market value of all final goods and services produced in a country….equal to the total consumer‚ investment‚ and government spending‚ plus the value of exports minus the value of imports.”(www.Investorwords.com) In turn this is measured by the level of aggregate demand in the
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ROSTOW’S STAGES OF ECONOMIC DEVELOPMENT (ROSTOWIAN TAKE-OFF MODEL) Prof. W.W. Rostow (Prof.Walt Witchman Rostow) in his book entitled‚ “The Stages of Economic Growth” (published in 1960) has divided the whole process of economic growth into five stages. 1. The traditional society 2. The pre-conditions for take – off 3. The take – off 4. The derive to maturity 5. The age of high mass – consumption 1. The traditional society A pre-industrial society is known as a traditional society
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