Identify the main macroeconomic and microeconomic causes that resulted in the above-mentioned crisis and make an assessment of the success or otherwise of the actions taken by the U.K government to resolve the problem. By Alistair Walters – A913910 1 Five years on from the beginning of the worst financial crisis he world has seen we are still in a perils state of low or negative growth and low interest rates. It is clear that there were a number of factors both macroeconomic and microeconomic
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Bibliography: Main references: th Krugman‚ P.‚ Obstfeld‚ M. Melitz‚ M.‚ 2012. International Economics‚ 9 ed. Pearson Other (occasional references) include Uribe‚ M.‚ Scmitt-Grohé‚ 2013. International Macroeconomics Sachs‚ J.‚ Larrain‚ F.‚ Macroeconomics in the global economy. Prentice Hall‚ 1993. Baldwin‚ R.‚ Wyplosz‚ C.‚ Economics of European Integration‚ McGrawHill‚ 20122. RESOURCES. http://sweet.ua.pt/afreitas/aulas/int/Global%20Economy.htm
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References: Blanchard‚ O.J & Fisher‚ S‚ 1989‚ Lectures on Macroeconomics‚ MIT press Blanchard‚ O Dimelis‚ S.P‚ 1997‚ ’Cyclical and causal relations between real wages and employment in the EU ’‚ Applied Economics‚Vol: 29: 3‚ p.311-324 Gamber‚ E.N.; Joutz‚ F.L.‚ Real Business over the Business Cycle‚ Eastern Economic
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Bibliography: Olivier Blanchard‚ Macroeconomics‚ 3rd edition‚ Prentice Hall (Pearson) 2003 Robert E. Hall and John B. Taylor‚ Macroeconomics‚ 4th edition‚ Norton 1993 Macroeconomics- A European Text 2nd Edn. Burda and Wyplosz (Oxford) Macroeconomic Analysis an Intermediate Text- David Cobham 2nd Edition Pearson Education pp194-196 Journal of economic perspectives volume 3 1989 Number one http://72
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CASE STUDY: COUNTRY ANALYSIS (GREECE) The economy of Greece is the 34th or 45th largest in the world at $290 or $292 billion by nominal gross domestic product‚ which is stated by World Bank statistics for the year 2011. As of 2012‚ Greece is the thirteenth largest economy in the Europe. In terms of per capita income‚ Greece is ranked 29th or 33rd in the world at $27‚875 and $27‚624 for nominal GDP . The Greece economy mainly depends on the agricultural sector which take a lot of portion of the
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Bibliography: Anoruo‚ E.‚ Braha‚ H.‚ and Ahmad‚ Y. (2002). “Purchasing Power Parity: Evidence from Developing Countries” Bjornland‚ H. (2004). “Estimating the Equilibrium Real Exchange Rate in Venezuela”. Dornbusch‚ R. (1998). “Real Exchange Rates and Macroeconomics: A Selective Survey”. Franses‚ P. H.‚ van Dijk‚ D.‚ and Lucas‚ A. (2004) “Short Patches of Outliers‚ ARCH and Volatility Modelling” Greene‚ W. H. (2003)‚ Econometric Analysis‚ fifth edition‚ New York: Prentice Hall. Gruben‚ W. C. and Kiser‚ S
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Risk and Return Analysis Paper FIN 402 Risk and Return Analysis Paper Creating the right balance of securities in a diversified portfolio is crucial to maximizing return and minimize risk. This can be done through analysis of current and past activity of each product. Through a risk assessment‚ return analysis‚ researching the beta of each security‚ and reviewing the average risk and return‚ we can determine the weights of our securities and devise the strongest portfolio to limit risk and
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Bibliography: Modern Macroeconomics: Its Origins‚ Development and Current State‚ B. Snowdon and Howard R. Vane‚ Edward Elgar Publishing Limited‚ 2005. M. Freidman‚ A Theory of the Consumption Function‚ Princeton University Press‚ 1957 M The General Theory of Employment‚ Interest
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Question 1: Assume that Econoland produces haircuts and shirts with inputs of labor. Econoland has 1000 hours of labor available. A haircut requires ½ hour of labor‚ while a shirt requires 5 hours of labor. Construct Econolands PPF. Answer 1: To construct Econolands Production Possibility Frontier (PPF) we first need to understand what is a PPF. A production possibilities frontier (PPF) is a graph showing the different quantities of two goods that an economy can efficiently produce with limited
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10 Money Market and the LM Curve MACROECONOMICS Macroeconomics Prof. N. Gregory MankiwRudra SensarmaKozhikode Indian Institute of Management www rudrasensarma info www.rudrasensarma.info ® PowerPoint Slides by Ron Cronovich © 2013 Worth Publishers‚ all rights reserved Learning objectives & outcomes • Money Market & the LM Curve – Real Money‚ Real Income & Interest Rate y‚ – Deriving the LM Curve – Monetary Policy & the LM Curve 2 Financial Markets (Money Market) and the LM
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