New Classical Economics Graduate Macroeconomics I ECON 309 – Cunningham New Classical Economics 1. 2. 3. 4. Accepts model of GE with no imperfections. Prices are perfectly flexible, and all markets are permanently cleared (S=D). All markets are self-correcting. Individuals do not leave prices at “false” levels since this would result in disadvantages. Equilibrium is optimal. Because present actions entail future consequences, all agents deliberately form rational expectations. That
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INTRODUCTION The budget is the financial expression of the project and should accurately reflect the costs of the proposed research/education/service program. The budget justification provides the sponsor agency and reviewers of the application with information such as why costs are programmatically necessary and how they are calculatced. Reviewers will analyze the financial data to determine if the proposed costs are allocable to the program, allowable under federal cost principles or non-federal
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Oil Economies and Globalization: The Case of the GCC Countries Yousif Khalifa Al-Yousif Email: subhanah@emirates.net.ae Key Words: Oil, GCC Countries, Gulf JEL codes: G18, Q32, O47 Introduction Over the past 50 years, world trade has increased at a faster rate than world output. Between 1948 and 1999, merchandise exports grew by 6% in real terms, compared to an annual average output growth of 3.7% (World Trade Organization, 1998: 33-36). This means that today, the countries depend more
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it was 14.1, the rate in 2008 was reported at 8.0 according to US Department of Education, the issue still at the forefront of urban affairs. The reason for the alarm is due to the correlation of dropping out of school and criminology as well as unemployment, both of which are urban problems of themselves. The problem with dropping out of school is best summed up as an individual and as a societal view. The individual consequences of a 16-24 year old quitting school include they are less likely to
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manufacturers to facilitate providers has heightened public policy concerns about the extent of job loss and foregone employment opportunities among American workers. This concern was especially relevant to policymakers because of the national unemployment rate persistently exceeding 9% despite the end of the Great Recession in June 2009 . The outsourcing of service sector jobs from the United States was a response to the early 1980s recessions when employers narrowed their focus to the company’s
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Name: Nguyen Thu Trang Class: 14E12 _____________________________________________________________ WRITING ASSIGNMENT Version 01 Task: To what extend do you agree with the statement: “School is bad for students?” Support your claims with appropriate grounds and warrants. People may think that children must go to school; thus, almost children go to school every day (this sentence has a problem in how you express the idea) However, arguments have persisted as to whether school is good
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0951-5224 DOI: 10.1111/hequ.12055 Volume 68, No. 3, July 2014, pp 348–372 The Role of Work Experience in the Future Employability of Higher Education Graduates Ruth Helyer, Teesside University, r.helyer@tees.ac.uk Dionne Lee, Teesside University, d.lee@tees.ac.uk Abstract Many new graduates are finding it difficult to obtain graduate-level work and impossible to break into the sectors they were aiming at. In order to address this, higher education institutions are examining the methods
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Policy Briefing Education Reform Jatin Patel December 10th, 2012 Statement of Issue How can the federal government decrease student loan debt in the country and still provide an education to those whom want to seek it? Every summer millions of college students throughout the nation depend on Federal Financial Aid to help pay for school. In the midst of the election season the Republican candidate, Mitt Romney, voiced how he wants to end government funding. Currently, the nation provides
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Week 10 Discussion 1 From the scenario, suggest one (1) method in which Herb could use a cost-benefit analysis to argue for or against an expansion. Create three (3) optimal decision rules for Katrina’s Candies (e.g.., whether to hire more staff or hire temporary workers to meet production schedules). The cost-benefit analysis that Herb could use to argue for or against an expansion would be the Net Present value method. Net Present Value (NPV) is the present value of net cash inflows generated
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America is known for its ability to be innovative and for its educational value. Some may argue that America has lost its competitive edge when it comes to education and innovation. Some may say that the Chinese are now the leaders in innovation and education. The Program for International Student Assessment, or PISA, collects test results from 65 countries for its rankings, which come out every three years. The latest results, from 2012, show that U.S. students ranked below average in math among
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