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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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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Economic growth and public policy To increase productivity and living standards‚ governments can can: 1. Encourage saving and Investment: Goal: invest more current resources in the production of capital to increase physical capital (K). Trade-off: The opportunity cost of investment is that someone must forgo current : consumption in order to save and invest sumption Note that: because of diminishing returns‚ an increase in the saving rate leads to higher growth of productivity and income only
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Financial Crises and Economic Growth Robert A. Jarrowy August 22‚ 2011 Abstract This paper constructs a simple yet robust model of …nancial crises and economic growth where …nancial markets a¤ect real economic activity. Financial markets increase real output by facilitating investment through the borrowing/lending of capital. However‚ the borrowing of capital is risky due to randomness in the …rms’production. Financial crises occur when output and liquid capital are insu¢ cient to meet required
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The large scale impacts of Tourism include environmental‚ socio-cultural and economic impacts. Impacts can be positive‚ as well as negative‚ but should never be underestimated. The concept of sustainability is factored into these tourism impacts‚ when the size of the impacts become large enough to drastically alter economic‚ socio-cultural and environmental areas of a tourist destination. The importance of these impacts will be analysed and evaluated in this essay‚ keeping in mind that this will
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Climate ChangeEnvironmental EconomicsInternational Issues | | | Johannes Jandrisevits Christina Pauschenwein | Autumn term 2010 | | Climate change is becoming an ever more important issue in our lives. We have come to realise that the modern ways of man place an enormous amount of stress on the Earth that nature simply can’t handle. Some of the climatic problems that are developing today‚ such as global warming‚ ozone depletion and El Nino‚ will have severe effects on our ecosystem
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Intro Forest Conservation is the practice of planting and maintaining forested areas for the benefit and sustainability of future generations. Around the year 1900 in the United States‚ forest conservation became popular with the uses of natural resources. It is the upkeep of the natural resources within a forest that are beneficial to both humans and the ecosystem. Forest conservation acts to maintain‚ plan‚ and improve forested areas. Forests provide wildlife with a suitable habitat for living
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Joe Garcia PTAC-1308 Energy Conservation It would be hard to imagine a life without the use of energy. So many of the products that we use on a daily basis are powered because of electricity‚ which in turn is generated because of energy. American’s use a mixture of different energy sources to cool and heat our homes‚ offices‚ and means of transportation. We also use energy sources to illuminate and power these same places. Oil has provided the United States with less than 50% of energy needs
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HomeExamples and SamplesIs Oil and Gas Conservation Relevant? Is Oil and Gas Conservation Relevant? Oil and natural gas are non-renewable sources of energy. There have been numerous attempts to minimize the depletion of these two resources. Scientists have proposed many reasons for the high importance of their conservation. Oil and natural gas conservation involves the use of these resources in a better and a more well-organized manner with respect to economic‚ social and ambient expenses and rewards
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SEVEN MAJOR SOURCES OF ECONOMIC GROWTH KFCTGLM 1) Legal System 2) Competitive markets 3) Limits on Government regulation 4) An efficient capital (K) market 5) Monetary stability 6) Low Tax rates 7) Free Trade 1) Legal System: Foundation for economic progress is a legal system that protects privately owned property and enforces contracts in an evenhanded manner. Provides protection of property rights and enforcement of contracts. This reduces the uncertainties accompanying trade
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