1. Move the green pointer on the horizontal axis to an income level of 430. Then click on the “income adjustment” button. What happened? Why did income return to equilibrium at 470? The GDB rises to restore equilibrium. This is because at GDP=430, the aggregate expenditures is higher than production. This is a state of imbalance so that production opportunities will rise to match the […]

1. Move the green pointer on the horizontal axis to an income level of 430. Then click on the “income adjustment” button. What happened? Why did income return to equilibrium at 470? The GDB rises to restore equilibrium. This is because at GDP=430, the aggregate expenditures is higher than production. This is a state of imbalance so that production opportunities will rise to match the […]

Before being able to grasp what economics has to offer it is important to understand the terms and concepts that are frequently used in economic. This paper will consist of two parts, part one will explain six terms; gross domestic product (GDP), real GDP, nominal GDP, unemployment rate, inflation rate, and finally interest rate. Part two will consist of describing how three economic activities, such […]

Approach to Learning and Teaching in the Course The philosophy underpinning this course and its Teaching and Learning Strategies are based on “Guidelines on Learning that Inform Teaching at NUNS”. These guidelines may be viewed at: www. Straightforwardness. Nuns. Du. AU. The specific approach to teaching and learning in Macroeconomics 1 is to engage students in the analysis of macroeconomic models and their applications in […]

The Gross Domestic Product (GDP) This is used to measure the total market value of all goods and services. The value is measure against the total amount produced within a country in a year or over a period of time. There can be issues with the accuracy of the calculations, because the Government receives the data which only analyzes the output of goods and services […]

To understand the economic fluctuations, many economists have focused attention on economic coordination problems. Normally, the price system efficiently coordinates what goes on in an economy even in a complex economy. The price system provides signals to firms as to who buys what, how much to produce, what resources to use, and from whom to buy. For example, if consumers decide to buy fresh fruit […]

The new classical macroeconomics model was originated in the early 1970’s by the economists working in the University of Chicago and the University of Minnesota. Robert Lucas, Thomas sergeant, Edward Prescott and Neil Wallace are the economists who were behind the formulation of this macroeconomic model. New classical Macroeconomics model opposes John Maynard Keynes- Keynesian macroeconomics and it develops its analysis on a completely neoclassical […]

Course name: Macroeconomics FINAL 1. The two large macroeconomies I selected are China and the United States. 2a. GDP and GDP growth rate Found on http://www. tradingeconomics. com/Economics/Interest-Rate. aspx? Symbol=CNY ChinaU. S. GDP per capita 2000-94934606 2001-102134518 2002-110634747 2003-120935318 2004-132336272 2005-145237050 2006-161237757 2007-181138138 2008-196338206 2009-NANA China U. S. GDP growth rate (avg) 2000- 7. 684. 15 2001- 7. 451. 08 2002- 8. 051. 83 2003- […]

This article revisits the relation between current systemic risk measures and macroeconomic shock based. I construct the combined framework of Granger causality test and quantile regressions to investigate the causal effect in a specific quantile. Empirically, few of the systemic risk show strong relation with macroeconomic shock in different quantiles. In addition, the extent of the relation is also different among different quantile ranges. Introduction […]

Renea Frymoyer BU204 01 September 29, 2012 ? Questions: 1. A representative of the American clothing industry recently made the following statement: “Workers in Asia often work in sweatshop conditions earning only pennies an hour. American workers are more productive and as a result earn higher wages. In order to preserve the dignity of the American workplace, the government should enact legislation banning imports of […]