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Economic calculations and concepts

$10-40 AUD

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Posted over 7 years ago

$10-40 AUD

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1. Economic calculations about PED. Cross price elasticities deal with substitutes and complements so examine the signs closely. The higher the actual number the closer the relationship. 2. Main types of unemployment are equilibrium and disequilibrium unemployment. Explain these including the different types. 3. External deficits lead to build up of debt which must ultimately be paid back. This may mean lowering import spending and/or boosting exports. Neither of these is an easy option. Look at the policy options listed in the lecture and carefully note the issues relating to each. 4. Discuss the current state of the UK economy focusing on the objectives of government economic policy. 5. Explain the concept of the expectations augmented Phillips curve showing how it explains the emergence of stagflation in the 1970’s. 6. Discuss the economic arguments for and against UK membership of the Eurozone. 7. Demand-pull inflation, cost-push inflation – diagrams should be credited and the monetary theory of excessive money supply growth. Plus details of policies to reduce inflation
Project ID: 11094515

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