2013-14 Page 1 COMPILED BY HOD ECONOMICS MRS. CHANDRA R INDEX S NO 1 TOPIC PAGE NO 3 - 20 INTRODUCTION TO MACRO ECONOMICS 21 – 35 2 AGGREGATE DEMAND AND AGGREGATE SUPPLY 3 36 - 43 MONEY AND BANKING 4 44 - 49 GOVERNMENT BUDGET 5 49 - 58 BALANCE OF PAYMENT AND FOREIGN EXCHANGE 6 59- 66 BOARD PAPER 2013 DELHI 7 67 - 75 MARKING SCHEME Page 2 COMPILED BY HOD ECONOMICS MRS. CHANDRA R HANDBOOK OF MACRO ECONOMICS NOTE: THIS STUDY MATERIAL
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Becicka Macro Study Guide Chapter 3 1 We have scarce resources so in our choices of consumption we wish to maximize the satisfaction we receive from those choices. The economist terms this maximizing the __utility_________ 2 Since it is unlikely that we can grow our own food‚ sew our own clothes or build our house‚ it would be better if we would __specialize___ in what we do best and __exchange_ for those needs that others do better 3 The term _product market___ is a place where and economic exchange
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Introduction and Objectives This is a report about the macro-economic environment of Germany in which Bayer AG (Bayer) was founded and listed in the European Stock Exchange vis-a-vis the macro-economic environment of China in which Bayer has a significant market and operations. This report examines and provide an insight on market structures in which Bayer operates‚ the impact of the macro-economic of Germany and China on Bayer’s economic activities and the monetary‚ fiscal and foreign trade policy
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The Difference between Classical and Keynesian Economics The differences between classical and Keynesian economics are many‚ but they can be categorized into a few key areas. In general‚ classical economists would like to see the government stay out of the economy‚ and try to influence it as little as possible. Keynesian economists‚ who follow the philosophy of famous economist John Maynard Keynes‚ by contrast‚ do not strongly advocate for a position. Those that follow this policy generally believe
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Assignment Questions (Semester 1‚ 2012) Microeconomics – Worth 20% of total assessment: Answer all five (5) of the following questions. Each question is worth 10 marks. Question 1: Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples. (10 marks – 2.5 marks diagrams‚ 2.5 marks for explanation‚ 5 marks for causes / examples) Question 2
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MICRO AND MACRO MARKETING ENVIRONMENT Introduction Micro marketing Refers to the internal controllable factors or forces which affects the ability of a company to serve its customers. e.g. the organization‚ the market‚ the suppliers‚ market intermediaries and the marketing mix. The micro marketing environment that surrounds organisations can be complex by nature‚ however the company has an element of control over how it operates within this environment. Macro marketing Refers to the external
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highlights the major differences‚ which brought into the new agenda;- Difference between Classical and Keynesian Economics Keynes refuted Classical economics’ claim that the Say’s law holds. The strong form of the Say’s law stated that the "costs of output are always covered in the aggregate by the sale-proceeds resulting from demand". Keynes argues that this can only hold true if the individual savings exactly equal the aggregate investment. While Classical economics believes in the theory
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interest rate played an important role of government monetary policy. It can affect a lot of macro economy factors‚ such as the level of consumption and investment‚ inflation‚ exports‚ imports and aggregate demand (Wikipedia http://en.wikipedia.org/wiki/Interest_rate 3.12.2011). In this assignment‚ I will discuss if the UK monetary policy committee increased the interest rate‚ what and how it will be affected in macro economy with two different views argued by Keynesians and Monetarists. Firstly the
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Macro And Micro Economics Micro Economics:- Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual
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Reagan Moore Martinez Macro Economics June 30‚ 2013 Oil and Gasoline Prices in the US Oil and gasoline prices follow a trend that sparks mixed reactions from different industry stakeholders in the America’s economy. The trends on oil and gasoline and their stability have immense impact on the performance of the economy based on their primary as energy. The government’s ability to ensure stability in price movement is seen as a key step towards fostering steady economic growth. A variety of
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