| Course | |||||
|---|---|---|---|---|---|
 | S$400.00 Macroeconomics In the first topic we are going to look at for Macroeconomics, we will be looking at the circular flow of income as an interactive model involving households, firms, government and the foreign sector. | ||||
 | S$400.00 Macroeconomics -Standard of living
– Material and non-material well-being
– Gross Domestic Product (GDP) and Gross National Income (GNI) – Human Development Index (HDI)
• Income distribution – Income inequality
– Gini coefficient | ||||
 | S$400.00 Macroeconomics causes & consequences in relation to
a. Economic growth
b. Inflation and deflation
c. Full employment and unemployment
d. Balance of payments deficit and surplus | ||||
 | S$400.00 Macroeconomics Policy measures and their effectiveness influencing AD/AS
• Fiscal policy
– Government expenditure and revenue
• Monetary policy
– Centred on interest rates
– Centred on exchange rates (case of Singapore)
• Supply-side... | ||||
 | S$400.00 Macroeconomics Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the... | ||||
 | S$400.00 Macroeconomics learn about free trade vs protectionism, the theory of comparative advantage & patterns of trade! |
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