Preview

Chapter 3 Bec Case Study Answers

Better Essays
Open Document
Open Document
12431 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Chapter 3 Bec Case Study Answers
This research report has been submitted for examination/supervision with my approval as the candidate’s university supervisor Signed………………………………..…….Date………………………………….. 1) Name : Mustafa Mohamed Ibrahim Ahmed
Signed…………………………………Date…………………………………..
2) Name : prof: Ahmed Abdi Jama

Declaration
I, Mustafa Mohamed Ibrahim does hereby declare that “the impact of inflation on the living standard in Somaliland household consumption,
Is entirely my own original work, except where I acknowledged, and that it has not been submitted before to any other university or institution of higher learning for the award of a degree?
Signed………………………….Date……………………………………

Dedication
I have dedication this research paper to my beloved parents’ mummy Hodo X, Ayaanle Adam and my brother sisters Warda Mohamed Amina Mohamed Ibrahim and also my dear brothers Ahmed Mohamed Ibrahim, Mohamed Saleban Abukir.

Abstract The purpose of this study is to analyze the overall impact of inflation on the living standard in Somaliland household consumption, and the likely solutions of the problems inherited to the inflation. The researcher used two instruments of data collection which are questionnaire and interview. 20households are questioned and households are interviewed which the researcher purposively selected from the households of Somaliland. After a analyzes of the collected data the researcher found that the inflation of Somaliland has a negative impact to the standard of living, the study also declares that the increasing price of commodities is caused by many factors including the following: i. Population growth ii. Economic growth iii. Huge imports iv. Lack of government role Finally the researcher recommended some solutions that can be minimized the risk of inflation to the standard of living and the satisfaction of the society

Acknowledgement All praise and



References: Books * Abel, Andrew; Bernanke, Ben (2005) * Barro, Robert J. (1997). Macroeconomics. Cambridge, Mass: MIT Press. pp. 895. ISBN 0-262-02436-5  * Blanchard, Olivier (2000) * Mankiw, N. Gregory (2002). Macroeconomics (5th ed.). Worth  * Hall, Robert E.; Taylor, John B * Burda, Michael C.; Wyplosz, Charles (1997). Macroeconomics: a European text. Oxford [Oxfordshire]: Oxford University Press. ISBN 0-19-877468-0  Electronics and websites

You May Also Find These Documents Helpful

  • Good Essays

    References: Colander, D.C. (2010). Macroeconomics (8th ed.). Retrieved from The University of Phoenix eBook Collection Database.…

    • 991 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Econ 204 Study Guide

    • 627 Words
    • 3 Pages

    Chapter 7 Inflation Deflation Effects of Inflation 1. Price effects a. Real vs. nominal income 2. Income effects 3. Wealth effects Money illusion Measuring inflation • Consumer Price Index (CPI) • Market basket Construction of a Price Index 1. Calculate cost of basket in each year 2. Create Price Index using chosen base year…

    • 627 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Thomas Money Paper

    • 2317 Words
    • 10 Pages

    References: McConnell, C., Brue, S., & Flynn, S. (2012). Macroeconomics: Principles, problems and policies. (19 ed.). New York, NY: McGraw-Hill Irwin.…

    • 2317 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes.…

    • 462 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Discussions Wk2

    • 525 Words
    • 2 Pages

    Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes.…

    • 525 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    It is well known that regional economy is not yet out of the woods and since the global recovery from last recession seems to have encountered further delays; economic growth outlook for Jordan is increasingly challenging. Although adverse external environment continues to add to domestic uncertainties associated with the regional socio-political unrests, have thus weighing on Jordan’s aggregate demand and economic growth. Although Jordan’s economy has achieved strong growth in recent years after a number of key reforms were introduced by the government; yet, the kingdom's economy still faces a major threat from soaring inflation;…

    • 774 Words
    • 4 Pages
    Good Essays
  • Good Essays

    If someone earns a sum of money, and saves it rather than spends it, then, in no way can a person be losing wealth if not for inflation, which prompts the prices of all goods and services to rise. One may see this as a trend among businesses to maximize their profits. In reality, the root cause of the problem is not with businesspeople, but the Federal Reserve System continuously adding more money into the economy. The article I have chosen to summarize examines the U.S. economy of today mainly the food and energy prices that have rose sharply since March 2003, which has prompted the Fed to concern itself with the onset of inflation.…

    • 624 Words
    • 2 Pages
    Good Essays
  • Best Essays

    References: Colander, D.C. (2010). Macroeconomics (8th ed.). Retrieved from The University of Phoenix EBook Collection database.…

    • 1435 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    Many of us have heard our grandparents talk about the “good old days” when you could buy ice cream for a nickel or a movie ticket for a quarter, as opposed to now where a simple small ice cream cup is usually equivalent to about three dollars. Inflation is directly responsible for these rises in price. Today consumer price inflation is averaging at…….Theories for the cause of our countries inflation range between three theories that the demand for goods and services exceeds exsisting supplies, so prices skyrocket. Also, it is also believed through the cost-push theory that when producers raise prices in order to meet increased costs inflation also occurs. In addition, inflation occurs when there is too much money in the economy at once. High inflation has numerous negative effects on the economy. For example, it can virtually erode purchasing power. In an inflationary economy, a dollar cannot buy the same amount of goods as it did in the past, as I stated previously in my ice cream example. Inflation also can deteriorate…

    • 595 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Parkin (2012: 522) described inflation as “a persistently rising price level” and price level as “the average level of prices, and the value of money”. A price increase would cause people to buy less, and a decrease in demand for products would cause prices to fall. Parkin (2012) said that expected inflation is promoting a healthy and a strong economy. However, if the burst of inflation is unanticipated, it brings big problems and risks. Employees are worse off because their earned income to get less than before due to price hike. Conversely, employers receive higher profits and better return on their investment, which leads to an increase in investment, production boom and real GDP rises with lower unemployment rate. However, this situation is temporary, spending cools and investment drops, following a fall in GDP and rising unemployment rate. Unexpected inflation redistributes wealth between borrowers and lenders. The borrower pays the fix rate loan with lesser dollars and brings an impact to lenders such as banks and other financial institutions. In summary, we can not wait macroeconomic to correct itself and the government should take measures to control inflation, ease economic uncertainty and restore economic stability.…

    • 970 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The Ricardian Equivalence Theorem, developed by David Ricardo and advanced by Robert Barrow in the 19th century, suggests that taking into account the government budget constraint a budget deficit will have no effect on national saving- the sum of private and public saving, in an economy. In this essay I am going to explain the reasoning behind this, assess its likelihood and finally review evidence either supporting or opposing the theorem.…

    • 1528 Words
    • 7 Pages
    Better Essays
  • Good Essays

    References: Colander, D. C. (2010). Macroeconomics (8th Ed.). Retrieved from The University of Phoenix eBook Collection database…

    • 506 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Monetarism

    • 2305 Words
    • 10 Pages

    Bibliography: Modern Macroeconomics: Its Origins, Development and Current State, B. Snowdon and Howard R. Vane, Edward Elgar Publishing Limited, 2005.…

    • 2305 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    This research report has been submitted for examination with my approval as the candidate’s university supervisor.…

    • 10637 Words
    • 43 Pages
    Powerful Essays
  • Good Essays

    Inflation in Russia

    • 297 Words
    • 2 Pages

    To summarize, it should again be noted that inflation - is a complex and contradictory phenomenon that has serious negative consequences. To deal with it is necessary to conduct an effective State anti-inflationary policy.…

    • 297 Words
    • 2 Pages
    Good Essays

Related Topics