business cycle and economic growth ● Explain the role of money and monetary policy ● Explain fiscal policy 2. Course Description/ Intended Learning Outcomes (Course ILOs) An introduction to the basic principles of economics with emphasis on the macroeconomic aspects of the entire economy. It deals with national income, national output, national employment, inflation, cyclical business fluctuations, economic growth, the role of money, theories of interest rates, stabilization policies, foreign
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How PEST factors impact upon spice jet and their stakeholders India | Stakeholders | Political: National Security- this means that the airport system would slow down as they are going to have to do more checks to reduce immigrants. Freedom to determine fairs- The company determine their own fairs for customers to get a better deal. Up gradation of airport infrastructure- Because the planes cannot fly to certain places because the runway is not up to standards. Level playing field- Everyone’s
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Europe) in the World Bank's Ease of Doing Business Index. In the third quarter of 2010 the trade deficit in real terms decreased to £9.7 billion from £10.9 billion. Exports of goods and services rose 2.2 percent whilst imports rose 0.7 percent. The GDP implied deflator rose by 3.0 percent compared with the third quarter of 2009. Compensation of employees at current prices rose by 0.3 percent in the latest quarter and is 2.9 per cent higher than the third quarter of 2009. Total gross operating surplus
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Q1: A- GDP is used to measure the wealth and prosperity of nations in addition to that it measure the overall growth or decline of a nation's economy. The most common way to measure GDP is the expenditure approach. GDP in expenditure approach is the sum of the following elements: Total domestic consumption:This is the total amount spent on domestically produced services and final goods whether it was tangible such as food and clothing or intangible such as doctor fees and cleaning.
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a person must understand the Gross Domestic Product. The Gross Domestic Product, or GDP, is an economic indicator that measures the total output of products and services of a country (Amadeo, 2014). The GDP includes all products and services produced by every company in that country (Amadeo, 2014). The Gross Domestic Product is separated into several components. One component used to measure GDP is nominal GDP. Nominal DGP indicates the absolute output of a country and is measured quarterly by
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This article is about a rise in the general price level. For the expansion of the early universe, see Inflation (cosmology). For other uses, see Inflation (disambiguation). Economics 2011 World GDP (PPP) per capita by country 2012 World GDP (PPP) per capita by country Index Outline Category History Types Classification History of economics Economic history (academic study) Schools of economics Microeconomics Macroeconomics Heterodox economics Methodology JEL classification codes
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International Trade and Finance Speech Ralna McKenzie ECO 372 December 2, 2013 Dr. Sharon Bush Good morning, and welcome to the United States economic status summit meeting. I am Ralna McKenzie, the Speaker of the House of Representatives for the United States of America. I would like to welcome you all, and I hope you find that the information that you receive in this meeting will answer all or at least most of your questions regarding the importance of international trade and foreign exchange
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basic elements of economic planning. Learning Outcomes: At the end of the course and having completed the essential reading and exercises, the students will be able to – Analyse and interpret the relationship between factors influencing demand and supply Explain and analyse the nature of production and its relationship to costs. Analyse business practices with respect to pricing and competition. Understanding the various strategic options in banking sector in the context of consumer behaviour and
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aggregate supply to explain economic fluctuations A G G R E G AT E Economic activity fluctuates from year to year. In most years, the production of goods and services rises. Because of increases in the labor force, increases in the capital stock, and advances in technological knowledge, the economy can produce more and more over time. This growth allows everyone to enjoy a higher standard of living. On average over the past 50 years, the production of the U.S. economy as measured by real GDP has
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downwardly inflexible, the price level is likely to fall only if the recession is severe and prolonged-that is, only if a depression occurs. Why a recession might occur? The aggregate demand aggregate supply model is a variable-price model that enables analysis of simultaneous changes of real GDP and the price level. The aggregate demand curve is down sloping because of the real-balances effect, the interest-rate effect, and the foreign purchases effect. The real-balance effect indicates that inflation
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