A [pic][pic] Post Graduate Programme in Management 2012-13 Term: II TITLE OF THE COURSE: mACROECONOMICS CREDITS: 4 | |Name of the Faculty Member |Faculty Block |Telephone |E-mail | |Instructor 1 |Ganesh Kumar N. |B‚ First Floor |552 |ganesh@iimidr.ac.in | |Instructor 2 |Dipayan
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minimum wage is $7.25 per hour. In some states‚ minimum wages are higher than the federal rate. Workers are paid the higher amount in those locations. Minimum wage has been a hot subject among the policy makers and economists. It has also been a hard and tight issue for the economists. This goes back as far as the 1938 Fair Labor Standards Act. Minimum wage was a politically debatable issue. In 1933‚ President Franklin Roosevelt attempted to legislate a federal minimum wage‚ but it was taken down
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THE PHILLIPS CURVE The short-run relationship between inflation and unemployment is often called the Phillips curve. In 1958‚ economist A. W. Phillips published an article in the British journal Economica that would make him famous. The article was titled “The Relationship between Unemployment and the Rate of Change of Money Wages in the United Kingdom‚ 1861–1957.” In it‚ Phillips showed a negative correlation between the rate of unemployment and the rate of inflation. That is‚ Phillips showed
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Problems Associated with Foreign Aid Picture One year after the release of The End of Poverty‚ New York University economist William Easterly released a book entitled White Man’s Burden which criticized Jeffrey Sachs’ promotion of more aid to Africa. Easterly contended that "Sachs’ anti-poverty prescriptions rest heavily on the kindness of some pretty dysfunctional regimes"‚ arguing that large amounts of international aid are generally wasted or embezzled by corrupt governments. For example‚ he points
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Current Market Conditions Competitive The purpose of this analysis is for the strategic planning group to consider developing a new proposed product. Our sponsor‚ the marketing director‚ has asked our strategic planning team to perform a competitive market analysis to determine the product’s potential success. The analysis will focus on our primary competitor in the product’s market. The reason for this current market conditions competitive analysis is to assist Levi Strauss & Co. in their
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principal causes of economic growth. In recent years‚ the idea of sustainable development has brought in additional factors such as environmentally sound processes that must be taken into account in growing an economy. Measurement of Economic Growth Economists usually measure economic growth in terms of gross domestic product (GDP) or related indicators‚ such as gross national product (GNP) or gross national income (GNI) which is derived from the GDP calculation. GDP is calculated from a country’s national
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Table of Contents I. Table Of Contents ……………………………………………………………….1 II. Abstract…………………………………………………………………………..2 III. Introduction (Overview of Trade Theory)…………………………………….....3 a. The Benefit of Trade …………………………………………………........4 b. The Pattern of International Trade………………………………………....5 IV. Mercantilism…………………………………………………………………….....6 V. Absolute Advantage……………………………………………………………......8 VI. Comparative Advantage………………………………………………………........8 a. Qualification and Assumption VII. Hecksher-Ohlin
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Stupid. National Journal‚ 03604217‚ Vol. 39 issue 40. NAHB (2007) Fiscal Policy. Retrieved on the World Wide Web on January 27‚ 2009 at http://www.nahb.org/generic.aspx?genericContentID=9009. No author given. (2006‚ August 26). Gimmie Shelter‚ Economist‚ 00130613‚ Vol. 380‚ Issue 8492.
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organisation and towards the management. Some arguments against are that it would involve substantial costs changing the business infrastructure‚ and therefore difficult to gain acceptance for the changes. Since the economy is shifting so frequently‚ economist needs to be able to make a decision on a short notice.
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A Review of Mr. Keynes and the “Classics”; A Suggested Interpretation By J. R. Hicks Word count: 2‚932‚ (excluding mathematical equations) We aim to examine the British economist Sir John Hick’s article ‘Mr Keynes and the “classics”; A suggested interpretation (April 1937)’ in which Hicks seeks to devise a simpler more cruder ‘classical’ model of the imperial‚ however complicated work of Professor Pigou’s ‘The theory of unemployment’ that will rightfully disagree with Mr Keynes’s mystifying
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