Category: Macroeconomics

Current Events in Macroeconomics  Monetary Policy The problem discussed in the selected episode of the podcast is related to the recent changes in citizens wages, which, surprisingly, do not bring extra income. These outcomes are conditional upon the ongoing inflation resulting in rapidly growing gas prices, which becomes an obstacle for some people (Smith,…

War and Oil Prices in World Macroeconomics Lately the crude oil prices have been volatile, reaching an all time high at over 96 dollars a barrel in November 2007. This can be perceived to be brought about by the war on terror. Due to this high prices and pressures from other factors such as environmental…

Market Structures: Principles of Macroeconomics Under perfect competition, many firms sell identical products, the price is set by the market; Under monopolistic competition, the price is still set by the market, but the products are more differentiated; With an oligopoly, the number of firms in the market is small, a high degree of interaction between…

Peculiarities of Macroeconomics In the current epidemiological situation, macroeconomics is in a state of crisis. The current market system is now complicated to represent an integral mechanism that could unite all continents. Countries such as the United States and China have long restored the pre-crisis economy and therefore continue to wage trade wars again, ignoring…

Macroeconomics Problem and the Current Situation in US Table of Contents Introduction Current situation Unemployment Long term unemployment Economic stagnation Inflation Types of inflation Current situation vs. the great depression of the 1930s Conclusion References Introduction The current financial crisis in America is partly being blamed on poor economic policies enacted and implemented by the…

Macroeconomics: Objections to Economic Approach While exploring the book written by Greenlaw and Taylor (2014) Principles of macroeconomics, I found remarkable information provided in Chapter 2 in the section Confronting objections to the economic approach. This part of this section puts emphasis on human behavior and explores the notion of self-interest from various perspectives. The…

Macroeconomics: Monetary Policy in the United States The Fed is the popular informal reference to the Federal Reserve System, which is the Central Banking System of the U S. with the endorsement of the Federal Reserve Act in 1931, the fed was established (Federal Reserve System Online, 2008). The Federal Reserve System is a government…

Economic Summary: Macroeconomics Table of Contents Introduction Fiscal Policy: Taxation Fiscal Policy: Government Expenditure Monetary Policies Global Context Conclusions References Introduction For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of Econland. The purpose of this…

Short-Run Macroeconomic Theory and Stimulus Plans Table of Contents Recession 45° Line Macroeconomic Theory Stimulus Plan and the Impact on the Recession References Recession A recession is the period during which economic activity is declining. A recession is said to occur when real gross national product declines for two or more consecutive quarters. Although there…

Basic Concepts of Macroeconomics Table of Contents Introduction Supply and Demand The Law of Supply and Demand Market Equilibrium Monopoly Oligopoly Competition Reference Introduction In this essay, I want to highlight the main concepts from Chapter 4 of macroeconomic principles and tell you what they mean. I believe the basic concepts are supply and demand,…