What is Political economy? * No widespread agreement of what; but understood in three ways- those who see PE as an interaction of existing disciplines‚ those who see it as a set of questions‚ and those who see it as a method of analysis: Interaction of existing disciplines: * Starting point is that as capitalism develops politics and econ becoming increasingly interdependent. * Not only interdependence of domestic pol and national econ but also international pol and global econ
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Title: Does green energy supplies enough for our life? Nowadays‚ the problem of global warming in all around the earth became more serious. In other countries‚ the iceberg keeps melt because of the global warming causes the temperature of earth increase. So‚ in order to save our environment‚ one of the important ways we can do to save the environment is using green energy. Green energy is the energy that produces little products but no harming the environment. We think that the green energy will
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consumer divides Rs.90 to be divided between two commodities X and Y‚ and suppose the unit price of Y is fixed at Re. 0.20. What will be his demand equation for X. If his utility function is U = log Qx + 2 log Qy. 2. A consumer has a monthly budget of Rs.4000. He spends all his income on two goods A & B. Price of A and B are Rs2 and Rs.4 respectively. His utility function is U = 3 log A+ 9log B. Find the optimum combination of A & B for the consumer. 3. Given: Monthly Budget =
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growth in these variables. Catch-up effect : Countries that start off poor tend to grow more rapidly than countries that start off rich Y=C+I+G S=I S=(Y-T-C) + (T-G) = private saving – public saving. Because a high interest rate makes borrowing more expensive‚ the quantity of loanable funds demanded falls as the interest rate rises. The supply and demand for loanable funds depend on the real interest rate and not nominal. Increase in saving = shift the supply of loanable funds
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The equal opportunity in food supplies has been affected by various factors that have impacted the economy affecting minority families with low income struggling for their food supply. Over the years‚ the numbers have decreased in the food distribution due to the downfall in the economy‚ and the lack of revenue for jobs and access to healthy fresh produce. Living in the United States it creates an illusion in equality to resources‚ jobs and education‚ it promises individuals a better lifestyle‚ but
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To what extent is economic growth beneficial for global economies? Economic growth is defined as the expansion of the productive capacity of an economy. An increase in resources causes an area to produce more goods or services in a given period of time – as shown on a production possibility frontier (PPF) diagram‚ where the curve shifts outwards. The PPF is a curve showing the maximum combinations of goods and services that can be produced in a given period with available resources. The improvement
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How weather influences the economy? A nd how can we reduce its impact? study the link between weather and stock compares during 50 years the Dow Jones Industrial Average index and the daily cloudiness. The result is; there is a positive relationship. But how is that possible? Investors should not be impartial? I did not expected that when I give money to my bank‚ an investor could be influenced by a sunbeam. A possible explanation is that is the entry of sunshine periods who can be more optimistically
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Assignment 01 MBA/15/3779 K G Sampath Kumara Course : MBA 502 Economic Analyses for Business Instructor : Prof. A T Fonseka Term : January – March 2015 Postgraduate Institute of Management University of Sri Jayewardenepura I am fully aware of the content under “plagiarism” stated in Chapter 6 of the PIM student handbook‚ and I hereby declare and affirm that I have strictly observed the law relating to intellectual property‚ copyright and plagiarism in this exercise (Student Handbook
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each of the following‚ indicate the possible effects on he demand and/or supply‚ equilibrium price‚ and equilibrium quantity of chocolate ice cream. * A sever drought in the Midwest causes dairy farmers to reduce the number of milk- producing cows in their herds by a third. These dairy farmers supply cream that is used to manufacture chocolate ice cream? By reducing the number of milk-producing cows in famer’s herds‚ supply will fall. A shortage of cream now exists and the market is no longer
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of all price in an economy and changes in reflect in the cost of living. Inflation however affects many thing one being function of money such as medium of exchange‚ store of value‚ unit of account and standard of deferred payments. Medium of exchange means that any item that is widely acceptable in exchange of goods and services. The existence of a medium allows trade to take place without the need for a joint coincidence of wants. A medium of exchange facilitates economic transactions. As long
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