and E) Instructor Sudip Chaudhuri Room B-207; Ext 185 1 India and the World Economy • Economics I and II: – Microeconomics – Macroeconomics • Economics III: – Course objective: analyze economic problems of India in the context of the ongoing process of globalization 2 How is India performing? What are the main economic issues? 3 Some Macroeconomic indicators • • • • • • • • • GDP Inflation Fiscal deficit Trade and current account deficit/balance Interest rates Repo‚ reverse
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Macroeconomic indicators are defined as statistics that indicate the current status of the economy by determining the position or changes of different sectors in the economy for example industry‚ labour‚ market and trade. Key Economic Indicator: The Australian Dollar The Australian dollar is a very important economic indicator due to it being very effective in determining the strength of the economy. The Australian dollar is the currency used to purchase goods and services in Australia‚ however
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to the internal or external sources. It is required when the stocks of government securities are insufficient to cover previous budget deficits. Budget deficits occur when the level of government expenditures exceeds its revenues. Based on macroeconomic theory‚ the level of government expenditure must be positive with the economic growth. The higher the expenditure‚ the higher will be the economic growth. Government expenditure can be divided into productive and unproductive expenditure. Productive
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Economics | | |Sr. No. |Core Areas |Percentage | |1. |Micro-Economics |15% | |2. |Marco-Economics |15% | |3. |Econometrics
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Student number: 0903642 Program: Financial and Economic Sector Policies Course title: International Macroeconomics and Policy Assignment title: Analyzing relationship between inflation rate and per capita GDP growth INTRODUCTION There have been different theories for explaining crucial relationship between inflation and per capita GDP growth. In this paper we will consider the neoclassical model and wage equation. This approach is very useful in terms of flexibility to understand underlying
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Macroeconomics is the study of economics from an overall point of view. Instead of looking so much at individual people and businesses and their economic decisions‚ macroeconomics deals with the overall pattern of the economy. To star with‚ we will look at two main groups of economists: the neo Classical Economists and the Keynesian Economists. Classical economists generally think that the market‚ on its own‚ will be able to adjust while Keynesian economists believe that the government must step
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demand by far and provides approximately 60 per cent of all spending in the economy.Government policies include two macroeconomic policies (Fiscal and Monetary)- interest rates‚ Government spending‚ investment allowances and rebates. Macroeconomic policies are Government policies that are used to influence the level of economic activity. Governments have at its disposal two macroeconomic policy weapons‚ one being fiscal policy and the other‚ monetary policy. The effectiveness of fiscal policy as a
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continue studying it form an international and financial perspectives. Courses Such as International Trade‚ Financial Institutions‚ International Business‚ Intermediate Macroeconomics‚ Public Economics and other advanced level courses in financial stream of economics have catered well to my understanding of international macroeconomics and financial policies. In these courses‚ I learned trade theories and models‚ looked at major international institutions through their regulatory and policy framework
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Economist. (2010). Middle Kingdom meets Magic Kingdom. Retrieved on November 7th‚ 2013 from http://www.economist.com/node/16889262 Rittenberg‚ L.‚ & Tregarthen‚ T. (2009). Principles of economics. Nyack‚ NY: Flat World Knowledge . [Text] Chapter 20: Macroeconomics: The Big Picture Trading Economics. (2013). United States GDP. Retrieved on November 16th‚ 2013 from http://www.tradingeconomics.com/united-states/gdp Trading Economics. (2013). United States Interest Rate. Retrieved on November 16th‚ 2013 from
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situations. Criticism of the neoclassical theory tend to be the fact that neoclassic economists assumptions are taken for granted and unrealistic‚ treating economics as a science tends not to represent real situations. [Investopedia‚ 2012] Government macroeconomics policy using the Keynesian theory would be more supply-side‚ whereas Neoclassical economists tend to be more demand and supply
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