then growth provides an obvious gain to society. Next‚ it can help to avoid other macroeconomic problems. People aspire to higher living standards. Without a growth in productive potential‚ people’s demands for rising incomes are likely to lead to higher inflation‚ balance of payments crises(as more imports are purchased)‚ etc. Growth in productive potential helps to meet these aspirations and avoid macroeconomic crises. Moreover‚ economic growth makes it easier to redistribute incomes to the
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government can affect GDP and other macro measures of economic activity. 5. Identify “turning points” in a business cycle and be able to predict the turning points. II. Readings. Required Text. Robin Bade and Michael Parkin. Foundations of Macroeconomics. (Pearson‚ Addison/Wesley). [Readings in “ ” can be found on the class BB site under “Non-Text Readings.] Part 1. Introduction. Chapter 1. Getting Started (including appendix). Chapter 2. The U.S. and Global Economies. Chapter 3. The
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American Journal of Agricultural Economics‚ 78‚ 530-41. Engle R. ..‚ and C. W. J. Granger‚ (1987)‚ “Co-integration and Error Correction: Representation‚ Estimation‚ and Testing”‚ Econometrica‚ 55(2)‚ 251-276. McCalla A. ..‚ (1982)‚ “Impact of Macroeconomic Policies Upon Agricultural Trade and International Agricultural Development”‚ American Journal of Agricultural Economics‚ 64(5)‚ 861-868‚ (December 1982). Orden D.‚ (1986b)‚ “Money and Agriculture: The Dynamics of Money-.inancial Market-Agricultural
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Sala-i-Martin‚ X. (1995)‚ Economic Growth‚ McGraw Hill‚ New York. Bartelmus‚ P. (1994)‚ Environment‚ Growth and Development: The Concepts and Strategies of Sustainability‚ Routledge‚ London and New York. Blanchard‚ O. and Fischer‚ S. (1989)‚ Lectures on Macroeconomics‚ MIT Press‚ London‚ England. Currie‚ L. (1974) “The ‘Leading Sector’ Model of Growth in Developing Countries”‚ Journal of Economic Studies‚ Vol.1‚ No. 1‚ May‚ 1997. Deme‚ M. (2002) “An Examination of the Trade-Led Growth Hypothesis in Nigeria:
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The Changing Role of the IMF in Asia and the Global Economy : It is an exciting time for the Fund. We are in the process of implementing a new Medium-Term Strategy‚ with the aim of adapting the institution to help our members deal with the challenges of 21st century globalization. These include issues like greatly increased capital flows which permit current account payments imbalances on an unprecedented scale; integrated financial markets that are both more complex and subject to more rapid change
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Mini Case “Mexico’s Balance-of-Payments Problem” In December of 1994 Mexico entered its second major financial crisis in as many decades‚ requiring painful economic adjustment similar to the debt crisis of 1982. After nearly a decade of stagnant economic activity and high inflation in Mexico‚ the Mexican government liberalized the trade sector in 1985‚ adopted an economic stabilization plan at the end of 1987‚ and gradually introduced market-oriented institutions. Those reforms led to the resumption
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International Business Environment MBA-IB International Business Environment UNIT – I INTERNATIONAL BUSINESS – AN OVERVIEW Content Outline • • • • • • • • • Introduction Definition and meaning of international business Scope of international business Special difficulties in international business Benefits Premium89196 Words357 Pages Dth Industry Contents List of Figures 5 List of Tables 5 Chapter 1 6 Research Methodology: 6 Research Objective: 6 Primary Objective: 6 Secondary Objective: 6 Research
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What is the Fiscal policy? Fiscal policy is the use of government spending and taxation to influence the economy. When the government decides on the goods and services it purchases‚ the transfer payments it distributes‚ or the taxes it collects‚ it is engaging in fiscal policy. The primary economic impact of any change in the government budget is experienced by particular groups—a tax cut for families with children‚ for example‚ raises their disposable income (Weil‚ n.d.). Discussions of fiscal
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Economic growth is an important macroeconomic objective for any country. Monetary policy has direct relation with economic growth and states monetary policy as the arrangements which are planned to control supply of money in a country. In many countries the basic aims of the monetary policy are to stabilize prices‚ keep the balance of payment equal‚ promote the employment and increase in economic development (Osinubi‚2006). Since the foundation of State Bank of Pakistan in 1948 it has playing its
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Concordia University Department of Economics ECON 303/2BB: Intermediate Macroeconomic Theory I Fall 2013 Midterm exam #1‚ October 15‚ 2013 Instructor: Yves Tehou STUDENT NAME___________________________________________________ STUDENT ID ____________________________ Instructions: There are a total of 25 points. The exam has two sections: multiple-choices and short problems. The multiple-choice section is worth 15 points‚ and the short problems section is worth 10 points. For the multiple-choice
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