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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POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
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Intorduction: Within the overall umbrella of the word "economy"‚ one speaks today of the market economy‚ the formal economy‚ the informal economy‚ the underground economy‚ the productive economy and perhaps even the reproductive economy‚ the post-industrial or post-modern economy and the global economy. Thus while the concept of an economy is not fixed but arbitrary‚ and may have strayed rather far from the management of household resources‚ it is nonetheless spoken of in official circles as
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China’s Financial Market: 2006 Even though China’s financial system is highly under control‚ it has recently begun to expand quickly as monetary policy becomes important to its overall economic policy. Due to this effect‚ banks are becoming essential for china’s growing economy by lending more and more money to enterprises for investment purposes‚ which in turn increases the liquidity and also helps in lending money to the government. China’s financial development is aimed specifically at establishing
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Task 7: Political factor: The government has implemented a project that Gozo Channel Co Ltd will be affected badly if it will happen. The government is thinking about building up a bridge from Malta to Gozo so people will travel by car not with the Gozo Channel Co Ltd. Gozo Channel Co Ltd have to do something so as to be competitive and not to loose customers maybe they will reduce the travel prices and even food prices. They obviously are going to loose customers as people may prefer going to
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Assignment- Financial Markets (APC 313) Hand in Date: Monday 8th July 2013 Answer all questions and all parts. Q1. (a) Explain what you understand by the following two terms .In each case give an example relating to the financial markets to illustrate your answer. asymmetric information moral hazard (10 marks) (b) With close reference to your answer in part (a) above‚ discuss why there is a need to regulate financial markets. (10 marks) Q.2 Distinguish between the spot and the forward exchange
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Does Economic Development always lead to Improvements in Livind Standards? Economic growth and economic development are often thought to be synonymous but although the two are closely linked‚ there are crucial differences in their meanings. Economic growth is defined as ’a rise in the total output (goods or services) produced by a country’. It is measured by the percent rate of increase in the gross domestic product (GDP). Economic development as defined by Todaro is "not purely an economic phenomenon
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Economic growth The effect of corruption on economic growth has been extensively researched in the last two decades. While not denying that corruption may have played a positive role at particular times in specific countries‚ it leads to lower growth‚ hampering both private and productive government spending in investments and inhibiting the efficiency of public services. Corruption can also affect the growth rate through distortions in tax collection‚ the level of public expenditure and the composition
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Industries are classified into four different market structures. They are perfect competition‚ monopolistic competition‚ oligopoly and monopoly. Each of these has different characteristics regarding the number of firms involved to the type of product they make. Different methods and restrictions are used to maximize profits in all markets of the economy. Brand management and advertising are two tools that firms used to differentiate their products. The main objective of brand management is
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What is demographic transition? How can demographics of a country have an impact on its economic growth? Let me first address the first part of this question‚ Demographic transition refers to a change in the development stage of the country as it transgresses from a pre-industrialized era to an industrialized. The major change witnessed in the country will be a distinctive decrease in the birth and the death rates. This transition is illustrated through a demographic transition model
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