...(BBS) estimated GDP growth of 5.83% for the financial year 2009-10. MTMF consider a growth of 6 percentage due to positive trend in export earning, a rose in production of aman and boro, increase in agriculture and industrial credit and finally the growth of imports of capital machinery and industrial raw materials. We will examine how increase in broad agriculture and service sector and increase in sub sectors of industrial sector lead to a positive growth in GDP at current market price. (According to BER GDP at market price is estimated TK 47405 which is 11.21% higher than GDP per capita of FY 2008-09). Moreover with a table of average change in the GDP (both current and constant), change in Money Supply (M2) and the regression outputs with different variables, we will examine how Money supply (M2) have a positive correlation with real GDP and nominal GDP while inflation and nominal GDP have a strong positive correlation ....
Words: 2095 - Pages: 9
...What Is the Quantity Theory of Money? By Reem HeakalAAA | The concept of the quantity theory of money (QTM) began in the 16th century. As gold and silver inflows from the Americas into Europe were being minted into coins, there was a resulting rise in inflation. This led economist Henry Thornton in 1802 to assume that more money equals more inflation and that an increase in money supply does not necessarily mean an increase in economic output. Here we look at the assumptions and calculations underlying the QTM, as well as its relationship to monetarism and ways the theory has been challenged. QTM in a Nutshell The quantity theory of money states that there is a direct relationship between the quantity of money in an economy and the level of prices of goods and services sold. According to QTM, if the amount of money in an economy doubles, price levels also double, causing inflation (the percentage rate at which the level of prices is rising in an economy). The consumer therefore pays twice as much for the same amount of the good or service. Another way to understand this theory is to recognize that money is like any other commodity: increases in its supply decrease marginal value (the buying capacity of one unit of currency). So an increase in money supply causes prices to rise (inflation) as they compensate for the decrease in money's marginal value. The Theory's Calculations In its simplest form, the theory is expressed as: MV = PT (the Fisher Equation) Each variable...
Words: 1077 - Pages: 5
...MBA, Ph.D. Candidate Bazarbekova Alma Damerovna Almaty 2011 Content 1. Introduction 2. Theories of money 3. Evolution of money 3.1. Kinds of modern money 3.2 Analysis of structure of monetary weight of Republic Kazakhstan on 2010. 3.3. Money in the world countries 4. Conclusion 1. Introduction Money is the major attribute of market economy. The monetary system functions, stability of economic development of the country in many respects depends. Studying of the nature and the basic functions of money, process of evolution of monetary systems, the organisations and developments of monetary circulation, the reasons, consequences and methods of struggle against inflation is necessary for the subsequent analysis of features of functioning of all financial system. Businessmen in the economic activities constantly deal with monetary units of the country and the foreign states. Money - the historical category inherent in commodity manufacture. Before occurrence of money barter took place. The goods which were used daily concern the most ancient kinds of money, and at an exchange served as a universal equivalent: food (cattle, salt, tea, grain, rice, etc.), fur (skins of fur animals), an instrument of labour (mattocks, axes, knifes, shovels), ornaments (rings, bracelets, chains). Gradually the role of money has passed to metals, at first in the form of ingots of the different form, and since VII century BC - in the form of...
Words: 7164 - Pages: 29
...I. THE THEORY OF THE IDEAS AND PLATO’S ONTOLOGY I. 1. The ontological dualism The theory of the Ideas is the base of Plato’s philosophy: the Ideas are not only the real objects ontologically speaking, but they are the authentically objects of knowledge epistemologically speaking. From the point of view of ethics and politics, they are the foundation of the right behaviour, and anthropologically speaking they are the base of Plato’s dualism and they even allow him demonstrate the immortality of the soul. Plato defends a clear ontological dualism in which there are two types of realities or worlds: the sensible world and the intelligible world or, as he calls it, the world of the Ideas. The Sensible World is the world of individual realities, and so is multiple and constantly changing, is the world of generation and destruction; is the realm of the sensible, material, temporal and space things. On the contrary, the Intelligible World is the world of the universal, eternal and invisible realities called Ideas (or "Forms"), which are immutable and do not change because they are not material, temporal or space. Ideas can be understood and known; they are the authentic reality. The Ideas or Forms are not just concepts or psychic events of our minds; they do exist as objective and independent beings out of our consciences. They are also the origin of sensible things, but although they are the authentic beings, Plato, unlike Parmenides of Elea, do not completely...
Words: 11604 - Pages: 47
...The main thrust of Durkheim's overall doctrine is his insistence that the study of society must eschew reductionism and consider social phenomena sui generis. Rejecting biologistic or psychologistic interpretations, Durkheim focused attention on the social-structural determinants of mankind's social problems. Durkheim presented a definitive critique of reductionist explanations of social behavior. Social phenomena are "social facts" and these are the subject matter of sociology. They have, according to Durkheim, distinctive social characteristics and determinants, which are not amenable to explanations on the biological or psychological level. They are external to any particular individual considered as a biological entity. They endure over time while particular individuals die and are replaced by others. Moreover, they are not only external to the individual, but they are "endowed with coercive power, by . . . which they impose themselves upon him, independent of his individual will." Constraints, whether in the form of laws or customs, come into play whenever social demands are being violated. These sanctions are imposed on individuals and channel and direct their desires and propensities. A social fact can hence be defined as "every way of acting, fixed or not, capable of exercising on the individual an external constraint." Although in his early work Durkheim defined social facts by their exteriority and constraint, focusing his main concern on the operation of the legal...
Words: 20388 - Pages: 82
...Theories of International Relations Third edition Scott Burchill, Andrew Linklater, Richard Devetak, Jack Donnelly, Matthew Paterson, Christian Reus-Smit and Jacqui True Theories of International Relations This page intentionally left blank Theories of International Relations Third edition Scott Burchill, Andrew Linklater, Richard Devetak, Jack Donnelly, Matthew Paterson, Christian Reus-Smit and Jacqui True Material from 1st edition © Deakin University 1995, 1996 Chapter 1 © Scott Burchill 2001, Scott Burchill and Andrew Linklater 2005 Chapter 2 © Jack Donnelly 2005 Chapter 3 © Scott Burchill, Chapters 4 and 5 © Andrew Linklater, Chapters 6 and 7 © Richard Devetak, Chapter 8 © Christian Reus-Smit, Chapter 9 © Jacqui True, Chapter 10 © Matthew Paterson 2001, 2005 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1T 4LP. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright...
Words: 132890 - Pages: 532
...CRIME, PROCEDURE AND EVIDENCE IN A COMPARATIVE AND INTERNATIONAL CONTEXT This book aims to honour the work of Professor Mirjan Damaška, Sterling Professor of Law at Yale Law School and a prominent authority for many years in the fields of comparative law, procedural law, evidence, international criminal law and Continental legal history. Professor Damaška’s work is renowned for providing new frameworks for understanding different legal traditions. To celebrate the depth and richness of his work and discuss its implications for the future, the editors have brought together an impressive range of leading scholars from different jurisdictions in the fields of comparative and international law, evidence and criminal law and procedure. Using Professor Damaška’s work as a backdrop, the essays make a substantial contribution to the development of comparative law, procedure and evidence. After an introduction by the editors and a tribute by Harold Koh, Dean of Yale Law School, the book is divided into four parts. The first part considers contemporary trends in national criminal procedure, examining cross-fertilisation and the extent to which these trends are resulting in converging practices across national jurisdictions. The second part explores the epistemological environment of rules of evidence and procedure. The third part analyses human rights standards and the phenomenon of hybridisation in transnational and international criminal law. The final part of the book assesses Professor...
Words: 195907 - Pages: 784