Country Level Economics: Macroeconomic Variables and Markets

Start Date: 09/15/2019

Course Type: Common Course

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Course Syllabus

Expenditure is often different from income for individuals, but for the economy as a whole, aggregate income is always identical to aggregate expenditure. This has important implications for the functioning of the macroeconomy and the way policies affect it. The income-expenditure identity is also fundamental to the ways various part of the economy with different processes interact with each other. For example, it sheds a lot of light on the formation of the trade deficit and its connection with budget deficit and private savings.

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Course Introduction

This course discusses how macroeconomic variables affect individuals’ personal, professional, and pu

Course Tag

Economics Interest Rate Supply Chain Market (Economics)

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Article Example
Labour economics There are two sides to labour economics. Labour economics can generally be seen as the application of microeconomic or macroeconomic techniques to the labour market. Microeconomic techniques study the role of individuals and individual firms in the labour market. Macroeconomic techniques look at the interrelations between the labour market, the goods market, the money market, and the foreign trade market. It looks at how these interactions influence macro variables such as employment levels, participation rates, aggregate income and gross domestic product.
History of macroeconomic thought The 2008 financial crisis and subsequent recession highlighted limitations of existing macroeconomic theories, models, and econometrics. The popular press discussed post-Keynesian economics and Austrian economics, two heterodox traditions that have little influence on mainstream economics.
Macroeconomic model Macroeconomic models may be logical, mathematical, and/or computational; the different types of macroeconomic models serve different purposes and have different advantages and disadvantages.. Macroeconomics models may be used to clarify and illustrate basic theoretical principles; they may be used to test, compare, and quantify different macroeconomic theories; they may be used to produce "what if" scenarios (usually to predict the effects of changes in monetary, fiscal, or other macroeconomic policies); and they may be used to generate economic forecasts. Thus, macroeconomic models are widely used in academia, teaching and research, and are also widely used by international organizations, national governments and larger corporations, as well as by economics consultants and think tanks.
Macroeconomic model A macroeconomic model is an analytical tool designed to describe the operation of the economy of a country or a region. These models are usually designed to examine the dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
Feminist economics Central to feminist economics is an effort to alter the theoretical modeling of the economy, to reduce gender bias and inequity. Feminist macroeconomic inquiries focus on international capital flows, fiscal austerity, deregulation and privatization, monetary policy, international trade and more. In general, these modifications take three main forms: gender disaggregation, the addition of gender-based macroeconomic variables, and the creation of a two-sector system.
Economics Demand-and-supply analysis is used to explain the behaviour of perfectly competitive markets, but as a standard of comparison it can be extended to any type of market. It can also be generalized to explain variables across the economy, for example, total output (estimated as real GDP) and the general price level, as studied in macroeconomics. Tracing the qualitative and quantitative effects of variables that change supply and demand, whether in the short or long run, is a standard exercise in applied economics. Economic theory may also specify conditions such that supply and demand through the market is an efficient mechanism for allocating resources.
Consensus Economics Detailed coverage of the US economy, showing forecasts for 20 macroeconomic variables.
Economics Macroeconomic analysis also considers factors affecting the long-term level and growth of national income. Such factors include capital accumulation, technological change and labour force growth.
Happiness economics With such strong internal forces on happiness is it is hard to have an effect on a person's happiness externally. This in turn lends it self back to the idea that establishing a happiness metric is only for political gain and has little other use. To support this even further it is believed that a country aggregate level of SWB is can account for more variance in government vote share than standard macroeconomic variables, such as income and employment.
Mahmoud Mohieldin Dr. Mohieldin has been teaching various graduate and undergraduate courses since 1986, focusing on economics and finance at the Department of Economics, Faculty of Economics and Political Science in Cairo University. At the post graduate level, he taught International Finance and Advanced Macroeconomic Theory and Policy. He taught Economics of Money and Banking and Financial Markets, Microeconomic Theory and Macroeconomic Theory at the undergraduate level. He also supervises and examines post-graduate and Ph.D. students. He is currently a Visiting Professor at Durham Business School. Dr. Mohieldin is also a member of the Advisory Board of the Durham Business School.
Country Markets Limited The first Women's Institute Market took place in Lewes to sell surplus produce in 1919. WI County Federations supported the spread of WI Markets. In 1932 the Markets were registered as co-operatives under the Industrial Provident and Friendly Societies Act 1893. Their combined annual turnover reached £1m in 1972 and £10m in 1992. The Markets separated from The National Federation of Women's Institutes in 1995 and became self-financing. In 2004 the company was renamed Country Markets Limited.
Economics Keynesian economics has two successors. Post-Keynesian economics also concentrates on macroeconomic rigidities and adjustment processes. Research on micro foundations for their models is represented as based on real-life practices rather than simple optimizing models. It is generally associated with the University of Cambridge and the work of Joan Robinson.
Economics Neoclassical economics is occasionally referred as "orthodox economics" whether by its critics or sympathizers. Modern mainstream economics builds on neoclassical economics but with many refinements that either supplement or generalize earlier analysis, such as econometrics, game theory, analysis of market failure and imperfect competition, and the neoclassical model of economic growth for analysing long-run variables affecting national income.
Incomplete markets In economics, incomplete markets are markets in which the number of Arrow–Debreu securities is less than the number of states of nature. In contrast with complete markets, this shortage of securities will likely restrict individuals from transferring the desired level of wealth among states.
2008–09 Keynesian resurgence Macroeconomic policy focuses on high level government decisions which affect overall national economies rather than lower level decisions concerning markets for particular goods and services.
Emerging markets Newly industrialized countries are emerging markets whose economies have not yet reached developed status but have, in a macroeconomic sense, outpaced their developing counterparts.
Consensus Economics Consensus Economics is a global macroeconomic survey firm that polls more than 700 economists monthly for their forecasts for over 2000 macroeconomic indicators in 115 countries. The company is headquartered in London, United Kingdom.
Saltwater and freshwater economics The terms 'freshwater' and 'saltwater' were first used in reference to economists by Robert E. Hall in 1976, to contrast the views of these two groups on macroeconomic research. More than anything else it was a methodological disagreement about to what extent researchers should employ the theory of economic decision making and how individuals and firms interact in markets when striving to account for aggregate ("macroeconomic") phenomena.
Level set When the number of variables is two, a level set is generically a curve, called a level curve, contour line, or isoline. So a level curve is the set of all real-valued solutions of an equation in two variables "x" and "x". When "n" = 3, a level set is called a level surface (see also isosurface), and for higher values of "n" the level set is a level hypersurface. So a "level surface" is the set of all real-valued roots of an equation in three variables "x", "x" and "x", and a level hypersurface is the set of all real-valued roots of an equation in "n" ("n" > 3) variables.
Agricultural economics Graduates from agricultural and applied economics departments find jobs in many sectors of the economy: agricultural management, agribusiness, commodities markets, education, the financial sector, government, natural resource and environmental management, real estate, and public relations. Careers in agricultural economics require at least a bachelor's degree, and research careers in the field require graduate-level training. A 2011 study by the Georgetown Center on Education and the Workforce rated agricultural economics tied for 8th out of 171 fields in terms of employability.