Fundamentals of Macroeconomics D.A. Torrez ECO/372 October 25‚ 2012 Kirk Marangi Fundamentals of Macroeconomics What is economics? Economics is the study of what people do to coordinate their want and desires through production‚ distribution‚ and consumption of goods and services (Colander‚ 2010). To understand economics‚ one has to understand the basic fundamentals of economics. Economics is based on two groups’ macroeconomics and microeconomics. So what is macroeconomics? Macroeconomics is the
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MACROECONOMICS (DEC 0023) NAME: PUTERI NURATIKA BINTI GEMARI NO.ID:012012051179 LECTURER NAME:MISS PARIMALA DATE OF SUBMISSION:21 FEBRUARY 2013 The purpose of this report is to know more about the 2013 budget and also known as a Najibnomics by YAB Dato’ Sri Najib Tun Haji Abdul Razak . Najibnomics is the creative and innovative ideas‚policies‚strategies and programmes of the Prime Minister‚Dato’ Sri Najib to lift the nation towards a high-income and developed economy by 2020.the 2013 Budget
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periods of falling real incomes and rising unemployment Depressions: severe recessions (very rare) Short-run economic fluctuations are often called business cycles FACTS: 1. Economic fluctuations are irregular and unpredictable. 2. Most macroeconomic quantities fluctuate together. 3. As output falls‚ unemployment rises. The AD curve shows the quantity of all g&s demanded in the economy at any given price level. Y = C + I + G + NX When an increase happened to C‚I‚G‚(NX or EX) - the
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______________________________________________________________________ First Name: ______________________________________________________________________ Student Number: __________________________________________________________________ UNIVERSITY OF SYDNEY ECON1002 INTRODUCTORY MACROECONOMICS Mid-semester Exam Semester One‚ 2012 Instructions: ________________________________________________________________________________ Time allowed: 60 minutes (plus 5 minutes reading time). The exam consists of 2 sections. Section I includes
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ECS2730 ASSIGNMENT Question one a) Different sources had varying figures in terms of acquiring the macroeconomic variables. b) The following graph show the GDP growth rate‚ GDP per capita growth rate and the inflation rate of Nigeria. From the graph it is not easy to see the changes (in terms of figures) in the variables therefore‚ the table below shows how the above variables have changed over time. Year Real GDP growth rate (annual %) GDP per capita growth (annual %) Inflation
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Macroeconomics- Final Project Source: The World Bank & OECD- All figures are annually based. The country of Brazil is the both the largest‚ in terms of territory‚ and most populated country in South America. The country’s largest exports consist of coffee‚ iron ores and concentrates‚ petroleum oil‚ raw sugar‚ and soya beans. Brazil’s largest trade partners (in both import and export) include: China‚ The United States‚ and Argentina. (The Atlas of Economic Complexity‚ 2011) Source: The
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MACRO ASSIGNMENT – 24/6/13 Section 3 – Group No. 5 The relation between Macroeconomics and the Great Depression The Great Depression The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations‚ but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s.It was the longest‚ most widespread‚ and deepest depression of the 20th century. The popular belief is that the Great
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phrase ‘double-dip recession’ which now commonly used in the West. Macroeconomics is concerned with the study of aggregate economy‚ which embodies all nationally relevant economic indicators. The common indicators are the unemployment rate‚ the rate of inflation‚ the GDP per capita‚ economic growth‚ the economic cycle‚ and the labor force. Since 2003‚ Brazil’s economy has been growing steadily. It has been improving its macroeconomic stability despite a small crisis in 2008 which saw its growth rate
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Benson James ECO 372 Fundamentals of Macroeconomics 08 October 2013 The gross domestic product (GDP) is defined as the market value of all goods in any country at any specific time. The gross domestic product is frequently used to establish a country’s wealth or standard of living. Even though the GDP is supposed to determine a country’s economic health‚ many nonbelievers think the gross domestic product does not account for the underground economy. An underground
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ECON 201: Introduction to Macroeconomics Midterm Exam 1: Answer Packet October 10‚ 2011 NAME: _________________________________ Circle your TA’s name: Circle your section time: Agustin 9 a.m. Brian 3 p.m. Meysam Directions: This test is in two parts‚ a multiple choice question part and a short-answer part. Use this answer packet to complete the exam. Calculators are permitted. Books‚ notes‚ reference materials‚ etc. are prohibited. Good luck! Part 1: Referring to the questions in the Multiple
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