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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The Age of the Enlightenment‚ an intellectual movement of the seventeenth and eighteenth century‚ radically altered the political‚ philosophical‚ artistic‚ and academic standards of the Western world. Themes of rational thought‚ scientific reasoning‚ progress‚ liberty and equality infiltrated many domains of the public sphere. However‚ in retrospect‚ the movement is in many ways a paradox‚ for it primarily advocated and benefited traditional male-dominated spaces. Although a few “exceptional” women
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about the relation between economic growth and financial development. First‚ financial development has impact on economic growth (i.e. Bagehot‚ 1873; Schumpeter‚ 1912; McKinnon‚ 1973; Shaw‚ 1973; Patrick‚ 1966; Goldsmith‚ 1969; Fry‚ 1973). Second‚ economic growth leads to financial development and that where there is economic growth financial development follows (i.e. Robinson‚ 1952). The third view‚ however‚ contends that both financial development and economic growth Granger cause one another.
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“For a developing country of your choice‚ identify and critically evaluate the barriers to growth and development. How can public policy attempt to lift those barriers?” This piece will look to identify and evaluate barriers to growth and development in Bangladesh‚ and then suggest ways of overcoming those barriers. Bangladesh has achieved significant results in her economic sector since her independence in 1971. Through the Nationalization Order of 1972‚ all key industries including jute‚ cotton
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2. Explain the social‚ cultural‚ political‚ and policy context surrounding the problem situation identified in above question. Answer: Policies National Policies on Education At the time of adoption of Constitution in 1950 the aim was to achieve the goal of Universalization of Elementary Education (UEE) within the next ten years. The directive principles mentioned in Article 45 endeavored to provide free and compulsory education for all children until they complete the age of 14 fourteen years
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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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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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Wages the Ultimate Problem in the Gilded Age The Jungle was a sad‚ depressing and disgusting representation of the Gilded Age industrial labor. Sinclair aimed at the public’s heart and by accident hit its stomach. Laborers worked hard hours and never saw their families‚ and had a fear that followed them‚ all just for little compensation. Industrial workers lives would have been easier if they had higher wages. The problem with industrial laborers in the Gilded Age‚ represented in Utpon Sinclair’s
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major political‚ economic and social changes during the Meiji Restoration. By the 20th century‚ Japan had a modern constitution and national parliament‚ though it was not truly democratic. The modernization of the nation also made Japan richer and more economically stable‚ with a structured education system. Japan‚ an impotent‚ closed feudal state‚ was transformed into a formidable nation focused on nationalism. In attempt to acquire strength and unity in the government‚ political changes focused
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The Era of Exploration witnessed the rapid political‚ economic‚ and social intrusion of Europe into the New World. Between the 15th and 17th Centuries several countries influenced the developement of the Americas. Select the most successful and infleuntial colony and compare it with another European Colonial structure. Be sure to include historical themes in your written argument. 3. The key to the colonial‚ structure of the United States in firmly established in 17th Century England. In reality
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