Importance of the Macroeconomics Objectives Towards the Malaysia Economic Performance.
Diploma in Business Administration
M. Jane Chong
3rd March , 2011
Contents | Title | Page | 1.0 | Introduction | 3 | 2.0 | Macroeconomic Objectives | 4 | 3.0 * 3.1 * 3.2 | Economic GrowthThe ImportanceExample | 556 | 4.0 * 4.1 * 4.2 | UnemploymentThe ImportanceExample | 778 | 5.0 * 5.1 * 5.2 | InflationThe ImportanceExample | 9910 | 6.0 | Conclusion | 11 | 7.0 | References | 12 | 8.0 | Appendix | 13 |
1.0 Introduction
This assignment is to discuss the importance of the Macroeconomics Objectives towards the Malaysia economic performance. There are four main Macroeconomics Objectives, but in this assignment I will be explaining any three Macroeconomics Objectives, such as Unemployment, Inflation and Economic Growth with relevant example.
2.0 Macroeconomics Objectives
Macroeconomics studies the whole performance of economy which opposed to the level of a specific subgroups or individual. Microeconomics looks at the individual piece of the economic puzzle while macroeconomics fits the pieces together to get the big picture. The factors studies on success or failure of government policy by the changes of inflation, unemployment, economic growth and balance of payment.
(McEachern W.A., 2003)
3.0 Unemployment
Unemployment is an important measure of the economy's strength. The low rate of unemployment shows the economic is in good condition. It means most of the people are able and willing to work. In contrast, the higher rate of unemployment means most of the labour force that is without jobs. It might affect the condition of national economy. The most worrisome is the rise in the share of the long-term unemployed.
(Investor Glossary, 2011) (Vodopivec, Raju M., Dhushyanth, 2004)
3.1 The Importance of Unemployment
Unemployment is increasingly pressing problem in many parts of the world. When unemployment happens in a country, the employees feel unsecure in their job and not satisfy with their salary, they also won’t leave
M. Jane Chong
3rd March , 2011
Contents | Title | Page | 1.0 | Introduction | 3 | 2.0 | Macroeconomic Objectives | 4 | 3.0 * 3.1 * 3.2 | Economic GrowthThe ImportanceExample | 556 | 4.0 * 4.1 * 4.2 | UnemploymentThe ImportanceExample | 778 | 5.0 * 5.1 * 5.2 | InflationThe ImportanceExample | 9910 | 6.0 | Conclusion | 11 | 7.0 | References | 12 | 8.0 | Appendix | 13 |
1.0 Introduction
This assignment is to discuss the importance of the Macroeconomics Objectives towards the Malaysia economic performance. There are four main Macroeconomics Objectives, but in this assignment I will be explaining any three Macroeconomics Objectives, such as Unemployment, Inflation and Economic Growth with relevant example.
2.0 Macroeconomics Objectives
Macroeconomics studies the whole performance of economy which opposed to the level of a specific subgroups or individual. Microeconomics looks at the individual piece of the economic puzzle while macroeconomics fits the pieces together to get the big picture. The factors studies on success or failure of government policy by the changes of inflation, unemployment, economic growth and balance of payment.
(McEachern W.A., 2003)
3.0 Unemployment
Unemployment is an important measure of the economy's strength. The low rate of unemployment shows the economic is in good condition. It means most of the people are able and willing to work. In contrast, the higher rate of unemployment means most of the labour force that is without jobs. It might affect the condition of national economy. The most worrisome is the rise in the share of the long-term unemployed.
(Investor Glossary, 2011) (Vodopivec, Raju M., Dhushyanth, 2004)
3.1 The Importance of Unemployment
Unemployment is increasingly pressing problem in many parts of the world. When unemployment happens in a country, the employees feel unsecure in their job and not satisfy with their salary, they also won’t leave
References: 2. Hirschman C. 1982, Economic Development & Cultural Change, Vol. 30 3 2. Mankiw N.G., 2004, Principle of Economics, 3rd edition, Harvard University. 2. Amadeo K., 2011, What is Inflaction?, About.com, <http://useconomy.about.com/od/pricing/f/Inflation.htm> 3. Investor Glossary, 2011, Unemployment, <http://www.investorglossary.com/unemployment.htm> 4