Mohamed alkhamiri h00211114
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This document discusses economic indicators and the economy. It begins with an introduction that includes the author's name and section. Then it discusses the concepts of economy of human life, the science of economics, and economic growth. It provides examples of common economic indicators like GDP, inflation rate, and unemployment rate. It notes that economic indicators are important because they reveal how well the economy is doing. The document also includes a quote about distinguishing between the quantity and quality of economic growth. In closing, it briefly discusses the deteriorating economy of Syria.
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This document summarizes key concepts in economics including:
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2) The circular flow of income shows how households supply factors to firms in exchange for income, which is then used to buy goods and services in a continuous flow.
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This document summarizes key concepts in economics including:
1) National economic performance is measured by variables like growth, inflation, unemployment, and the current account, but tradeoffs may occur when trying to achieve all goals at once.
2) The circular flow of income shows how households supply factors to firms in exchange for income, which is then used to buy goods and services in a continuous flow.
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Here are my responses to your review questions:
1. Some key government policies that can promote economic growth discussed in the document include encouraging saving and investment, education and training, securing property rights and maintaining political stability, promoting free trade, controlling population growth, and promoting research and development.
2. The influx of more women in universities could positively influence the economy by expanding the overall human capital and skills in the labor force. Educating and training more women would increase productivity over the long run and potentially lead to more innovation. It could also help reduce gender imbalances in the labor market and certain occupations. Overall, greater educational attainment and workforce participation of women has the potential to boost economic growth.
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The document discusses economic growth and economic development. It defines economic growth as a steady increase in a nation's productive capacity and output over decades that leads to rising income levels. Economic development is defined as a process that increases a society's total goods and services supply and improves living standards. It involves structural changes including a shift away from agriculture and toward industry and services, changes in technology use, and improvements to social and institutional sectors. While economic growth focuses only on raising income, economic development also aims to enhance human well-being through both increased income and structural transformations of an economy and society.
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(1) Economic growth is the expansion of an economy's production capabilities over time, as measured by the increase in potential GDP. Growth occurs through increases in population, productivity, capital, technology and other factors.
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The document discusses different ways to measure the output and economic growth of a country. It defines national income or GDP as the total value of goods and services produced domestically over a period of time. GDP can be measured by total output, total expenditure, or total income. Economic growth is defined as an increase in national income or GDP over time after accounting for inflation through real GDP. While economic growth can improve living standards, it may also increase environmental damage and resource depletion. Alternative measures of welfare and quality of life beyond GDP are also discussed, such as GDP per capita, the Human Development Index, and social indicators related to health, education, poverty, and the environment.
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The document discusses business cycles, unemployment, inflation, and the Philippine experience. It covers theories of business cycles and the different phases. It also defines unemployment and inflation, and discusses the government's policies in response to the Philippine recession in the 1980s to promote economic recovery.
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Topic 7 - Economic Growth
Here are my responses to your review questions:
1. Some key government policies that can promote economic growth discussed in the document include encouraging saving and investment, education and training, securing property rights and maintaining political stability, promoting free trade, controlling population growth, and promoting research and development.
2. The influx of more women in universities could positively influence the economy by expanding the overall human capital and skills in the labor force. Educating and training more women would increase productivity over the long run and potentially lead to more innovation. It could also help reduce gender imbalances in the labor market and certain occupations. Overall, greater educational attainment and workforce participation of women has the potential to boost economic growth.
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Economic growth measures the value of goods and services produced, while economic development measures human welfare. Economic growth is affected by factors like natural resources, capital formation, technology, education and political stability. Countries can be measured based on GDP, GNP, HDI and other indicators. GDP can be calculated using production, expenditure and income approaches by summing value added, expenditures and incomes. International comparisons use market exchange rates or purchasing power parity rates.
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Managerial economics deals with scarcity and resource allocation to maximize satisfaction. It involves decision making including defining targets, analyzing alternatives, and choosing the best option. An example shows that US healthcare spending has increased faster than GDP since 1990 due to rising costs measured as a percentage of GDP. Managerial economics examines the production, demand, and distribution of goods and services in an economy.
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This document provides an introduction to macroeconomics. It defines macroeconomics as the study of a country's overall economic structure, performance, and how government policy impacts economic conditions. Macroeconomics analyzes factors that contribute to economic growth like job opportunities, goods/services, and standards of living. It also examines broad aggregates like total employment, income, and prices. The objectives of macroeconomics are achieving full employment, price stability, and economic growth. Common macroeconomic problems discussed are inflation, unemployment, and the business cycle.
Governance and development
This document discusses the differences between economic growth and economic development. It defines economic growth as an increase in output or production, while economic development requires both increased output and changes to production methods and distribution systems. Development involves sustained growth over time and changes across the entire economy, accompanied by increased efficiency. Measuring development is more complex than measuring growth based on GDP, as it considers additional factors like health, education, and living standards. Markets can achieve efficiency through mutually beneficial exchanges, but government provides infrastructure and intervenes where markets fail to maximize efficiency.
Economic development
Meaning of economic progress, growth and development
Difference between growth and development
Characteristics of Underdeveloped countries
Chapter 3 Presentation
This document provides an overview of key economic concepts including:
1) It distinguishes between microeconomics, which studies small economic units like consumers and businesses, and macroeconomics, which studies a country's overall economic issues.
2) It describes the four types of market structures in private enterprise systems and the three major types of economic systems.
3) It identifies the four stages of the business cycle and explains how monetary and fiscal policy can be used to manage an economy's performance.
4) It notes that the major global economic challenges of the 21st century will require international cooperation and new policy approaches.
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Mohamed alkhamiri h00211114
- 1. Welcome ⢠Name: Mohamed Abdul Aziz Alkhamiri ⢠ID: H00211114 ⢠SECTION: CLV
- 2. Economy
- 3. Economy of Human life ⢠Access to many of the rights which include the right to survival, health and nutrition and learning. ⢠And also forgotten that he contributes to the composition of the social and political structure and changes from time to time.
- 4. Science of Economics ⢠Most human activity the access rights on income and how to spend. ⢠The importance of this science beyond the limits of the economic activity of exchange.
- 5. Economic growth ⢠A process in which real income increase. ⢠This increase is greater than the rate of population growth while providing productivity and social services.
- 6. Economy Grew 3.9% in 3rd Quarter â˘The economy expanded faster than expected in the third quarter, led by a surge in consumer spending and exports
- 7. Measuring Social and Economic Development
- 8. Important Questions ⢠What are economic indicators? ⢠Why are economic indicators important? ⢠What are the most common economic indicators?
- 9. What is an indicator? ⢠something observed or calculated that is used to show the presence or state of a condition or trend.
- 10. What is an Economic Indicator? ⢠Economic Indicators are statistical measures which reflect the overall health of the economy.
- 11. Why Are Economic Indicators Important? ⢠Economic indicators are important because they suggest to investors, politicians and citizens also how well the economy is doing at a given point in time. ⢠Now, you can reveal the economic indicators via the Internet and you are in your home easy and comfort.
- 12. Economic
- 13. Economic Indicators What Are the Most Common Economic Indicators? â˘Gross Domestic Product (GDP) â˘Inflation rate â˘rate change
- 14. Letâs take a closer look at GDP ⢠Definition: GDP is the market value of all the goods and services produced by a country during the course of a year.
- 15. economic indicators ⢠Can you think of other common economic indicators?
- 16. Economy Grew 3.9% in 3rd Quarter â˘The economy expanded faster than expected in the third quarter, led by a surge in consumer spending and exports
- 17. Whatâs the Economy for Simon Kuznets, the Nobel Prize-winning âDistinctions must be kept in mind between quantity and quality of growth, between its costs and return, and between the short and long runâŚGoals for more growth should specify more growth of what and for what.â
- 18. Economy Of Syria ⢠Syrian economy continues to deteriorate as a result of the crisis in Syria, as a result of the ongoing demonstrations ⢠Do not create jobs, but are laying off workers. Elevate the unemployment rate, which was estimated at 15 percent, to 25 or 30 percent of the labor force. ⢠There is also a lack of basic materials including medicines.
- 19. Economy Of Syria
- 21. Any Question ?
Editor's Notes
- Reveal: The article and the GDP figures reveal that consumer and business spending are both up. There is more market activity, 3.9% more than last quarter. Conceal: The article and the GDP figures do not reveal, however, what the spending was for (except at the grossest level). The figures don not distinguish between costs and benefits, between productive and destructive activities, or between sustainable and unsustainable ones.
- http://www.beyond-gdp.eu/
- http://www.nytimes.com/2006/04/09/business/yourmoney/09view.html?ex=1302235200&en=4c169a762cf5abca&ei=5090&partner=rssuserland&emc=rss
- Before revealing the third bullet, ask students what GDP reveals about the the economy. -- Essentially, GDP reveals how much stuff gets produced by a given country during a given year.
- Reveal: The article and the GDP figures reveal that consumer and business spending are both up. There is more market activity, 3.9% more than last quarter. Conceal: The article and the GDP figures do not reveal, however, what the spending was for (except at the grossest level). The figures don not distinguish between costs and benefits, between productive and destructive activities, or between sustainable and unsustainable ones.