1. Economic growth is driven by increases in productivity from technological improvements and capital investment.
2. Factors like workforce skills and education levels, investment in infrastructure and technology, and public policy can influence economic growth rates.
3. Sustained, balanced economic growth is important for raising living standards and funding social programs over the long run.
1. Economic growth is driven by increases in productivity from technological improvements and capital investment.
2. Factors like workforce skills and education levels, investment in infrastructure and technology, and public policy can influence economic growth rates.
3. Sustained, balanced economic growth is important for raising living standards and funding social programs over the long run.
1. The document discusses concepts related to employment including the components of total employment and types of unemployment.
2. It notes that full employment is achieved when the labor force is fully utilized in productive activities. Unemployment occurs when people are able and willing to work but cannot find suitable jobs.
3. Frictional unemployment refers to the natural level of unemployment that occurs during job transitions as people move between jobs or enter/exit the labor force.
1. Keynes' theory argues that aggregate demand and total spending in the economy can be increased through government intervention such as increasing government spending and reducing taxes. This will help stimulate the overall economy and reduce unemployment.
2. According to Keynes, unemployment is caused by insufficient aggregate demand in the economy rather than high wages.
3. Keynes' theory contends that as long as aggregate demand and total spending in the economy are below potential output levels, monetary policies alone will not be enough to reduce unemployment.
1. Inflation is a sustained increase in the general price level of goods, services and assets in an economy over a period of time. Its opposite phenomenon is deflation.
2. The main index used to measure inflation in Mongolia is the consumer price index, as calculated by the National Statistics Office.
3. Factors that typically contribute to inflation include increases in money supply, aggregate demand, costs of production, and import prices. Sustained high inflation is harmful to the economy.
The document discusses monetary policy and its goals of stabilizing prices and supporting economic growth. It notes that monetary policy should aim to influence aggregate demand in the economy through tools like open market operations, required reserves, and interest rates. Maintaining price stability is important for economic activity, while excessive money supply growth can fuel inflation. The central bank uses monetary policy to achieve macroeconomic stability.
1. The document discusses concepts related to employment including the components of total employment and types of unemployment.
2. It notes that full employment is achieved when the labor force is fully utilized in productive activities. Unemployment occurs when people are able and willing to work but cannot find suitable jobs.
3. Frictional unemployment refers to the natural level of unemployment that occurs during job transitions as people move between jobs or enter/exit the labor force.
1. Keynes' theory argues that aggregate demand and total spending in the economy can be increased through government intervention such as increasing government spending and reducing taxes. This will help stimulate the overall economy and reduce unemployment.
2. According to Keynes, unemployment is caused by insufficient aggregate demand in the economy rather than high wages.
3. Keynes' theory contends that as long as aggregate demand and total spending in the economy are below potential output levels, monetary policies alone will not be enough to reduce unemployment.
1. Inflation is a sustained increase in the general price level of goods, services and assets in an economy over a period of time. Its opposite phenomenon is deflation.
2. The main index used to measure inflation in Mongolia is the consumer price index, as calculated by the National Statistics Office.
3. Factors that typically contribute to inflation include increases in money supply, aggregate demand, costs of production, and import prices. Sustained high inflation is harmful to the economy.
The document discusses monetary policy and its goals of stabilizing prices and supporting economic growth. It notes that monetary policy should aim to influence aggregate demand in the economy through tools like open market operations, required reserves, and interest rates. Maintaining price stability is important for economic activity, while excessive money supply growth can fuel inflation. The central bank uses monetary policy to achieve macroeconomic stability.
1. The seminar discusses various types of loans including personal and mortgage loans. It provides details on the calculation of interest rates for different loan types and factors affecting credit scores.
2. Sample questions are provided to test understanding of key concepts around loans, assets, liabilities, interest rates and credit scoring.
3. The document appears to be materials for a seminar or training on banking products like loans, liabilities, assets and credit evaluation.
