4 days ago · Macroeconomics (from the Greek prefix makro-meaning "large" + economics) means using interest rates, taxes and government spending to regulate an economy’s growth and stability. It is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
4 days ago · According to Grazia Ietto-Gillies (2012), prior to Stephen Hymer’s theory regarding direct investment in the 1960s, the reasons behind foreign direct investment and multinational corporations were explained by neoclassical economics based on macro economic principles. These theories were based on the classical theory of trade in which the ...
Overview. The circular flow of income is a concept for better understanding of the economy as a whole and for example the National Income and Product Accounts (NIPAs). In its most basic form it considers a simple economy consisting solely of businesses and individuals, and can be represented in a so-called "circular flow diagram."
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5 days ago · Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. abandonment of the gold standard The decision by a government to abandon a monetary system in which the standard economic unit of account is based on a fixed quantity of gold ...
Sep 11, 2020 · The General Theory of Employment, Interest and Money of 1936 is the last and most important  book by the English economist John Maynard Keynes.It created a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology – the "Keynesian Revolution".
- John Maynard Keynes
- 472 (2007 edition)
Sep 11, 2020 · Thomas Pugh, an economist with Capital Economics, said the data suggested British GDP would show record-breaking growth in the third quarter after its unprecedented collapse in the April-June period. “However, July was probably the last of the big step-ups in activity and a full recovery probably won't be achieved until early 2022,” he said.
5 days ago · Keynesian economics (/ ˈ k eɪ n z i ə n / KAYN-zee-ən; sometimes Keynesianism, named for the economist John Maynard Keynes) are various macroeconomic theories about how, in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total spending in the economy).
6 days ago · Applied economics is the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics (the other set being the core), it is typically characterized by the application of the core, i.e. economic theory and econometrics to address practical issues in a range of fields including demographic economics, labour economics, business economics ...
3 days ago · Erik Berglöf is a Swedish economist, currently the Chief Economist of the Asian Infrastructure Investment Bank (AIIB), the Beijing-based multilateral development bank established in 2016 with a mission to improve social and economic outcomes in Asia.
6 days ago · Business investment includes manufacturing, real estate construction, and intellectual properties. Government spending includes federal, state, and local expenditures. The fourth component is net exports, which includes exports that add to the nation's economy, and imports, which subtract from it.