Macroeconomics Theory
Course material - 57 pages - Theories and economic notions
A confusion is often made between the level of GDP and the growth of GDP. The growth of GDP is the slope of the blue line while the level of GDP is the relative position of the GDP curve to the trend curve. It's entirely possible for a country to experience strong GDP growth while still...
Introduction to economic principles and terminology
Course material - 20 pages - Theories and economic notions
Economics is currently in a phase of uncertainty: economics is not an exact science. There is a rising trade war between the US and mainly but not only China. The US also has trade disagreements with the EU and its partners in NAFTA (North American Free Trade Association: Canada and Mexico)....
Business Environment: China
Course material - 5 pages - Theories and economic notions
Despite a slowdown amidst the global economic crisis of 2008-2009, China remains the world's fastest growing economy. Real GDP grew at 8.7% in 2009, mainly owing to the government's huge stimulus program. A stronger growth of 10.0% is expected for 2010 as a result of a recovery in the...
The concept of degrowth: origins and definitions
Course material - 3 pages - Theories and economic notions
The study of the concept of degrowth has been increasing at the end of the twentieth century and the twenty-first century, due to the awareness of an ecological crisis materialized by some multiple kinds of pollution like air, water. What is alarming is the fact that it affects everyone and...
The micro foundations of the Romer model
Course material - 10 pages - Theories and economic notions
The technological progress is stated as the engine of economic growth in the neoclassical growth model, but some models like Solow model, always set the technological progress as an exogenous variable with a constant rate g. Romer model indigences the technological progress, and also shows the...
The Levin model of monetary integration
Course material - 8 pages - Theories and economic notions
In the following work the Levin model of monetary integration is going to be derived and then used to show that the union monetary expansion reduces income divergence between the countries in the union and that fiscal expansion in one of the countries increases income divergence. Also it is going...
