imClaudine

@imClaudine (3)

Philippines • Age 30

Joined myLot 12 years ago

Discussions (0)

imClaudine's Responses

Third and Final Macroeconomic Question: Money and the Economy

socballais @socballais (71) • Philippines 25 Sep 12

How do changes in the amount of money in the economy affect output, growth, unemployment and inflation?

49 responses

imClaudine For me we will look again at the mediun run adding labor markets.the price setting and wage-setting relations to derive the AS curve and the Phillips curve.The AD-AS analysis we developed before applies to situation in which the price level is stable in the...

25 Sep 12

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

imClaudine For me economic development is important in our economy for the improvement or developing our economic society in the Philippines.development is a distinct yet very important extension of both traditional economics and political economy.while necessary also...

18 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

imClaudine Go with micro first because micro is the individualized version. It goes into economics more in depth and macro is just the overview, so you will elready have a sense of what is going on during macro if you take micro first. I lean toward taking micro...

16 Sep 12