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Economic Growth
In this particular aspect of macroeconomics we will discuss two major aspects of macroeconomics which have serious emperical implications. These aspects are related to the problems of achieving and sustaining a reasonably high growth rate of economy and preventing the recurrence of business cycles. The growth related issues, in themselves, make a vast subject of study under a different branch of economics, called ‘Economics of Growth”. However, our basic objective here is to present a brief discussion on the growth factors and the eminent modern theories of economic growth, therefore, we discuss here also the theories of business cycles and the measures to stabilize the economy. We will substantiate our discussion on the theories of economic growth and business cycles with the practical problems faced by different countries during different phases of their economic growth.
 
Achieving and maintain a reasonably high rate of economic growth has been one of the most important objectives of most countries of the world, especially after the Second World War. While some countries-grouped as developed countries (DCs)-did succeed in attaining and maintaining a high power growth rate over a period of time, some other countries-known as less developed countries (LDCs)-have achieved a low growth rate. For instance, during the 19th and the 20th centuries per capita GDP increased more than 16 times in Norway. On the other hand Ghana had nearly zero growth in its per capita GDP during period. The growth economists have attempted to answer these questions and, in this process, have developed theories of economic growth.
 
The economic history of the world economy is essentially the history of business cycles-economic ups and downs, booms and slumps, prosperity and depression. In fact, business cycles have characterized the free enterprise industrial world over the past one and a half centuries. However, since the Great Depression of 1930s had not repeated itself until over a period of 80 years. Besides, if frequent and violent fluctuations are not taking place in the world economies, it is mainly because of government’s stabilization policy measures. Yet, the worldwide inflation of 1970s, one hand, depression like conditions, one the other, are strong warnings against the complacency towards the dangers of economic crises. For this reason it is important for the individual households, firms and the government to understand the nature and causes of business cycles so that the adverse effects of recession could be minimized if not prevented.

Some of the main topics that are provided in this particular aspect are:

1. controlling business cycles
2. fiscal policy measures
3. government and economic growth
4. meaning of economic growth
5. monetary policy measures
6. origin of the global recession
7. production function and growth accounting
8. revival of the global economy
9. theories of economic growth
10. what is business cycle
 

It is the application of economic theory to business activities and organizations. We provide business economics assignment help and homework help.
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Economic Growth Controlling Business Cycles Fiscal Measures Government Economic Role Economic Growth Factors Monetary Measures Global Recession Growth Accounting Global Economy Economy Growth Business Cycle Inflation Theory Unemployment Cost Inflation Effect Inflation And Unemployment Inflation Control Measuring Inflation Price Wage Control Unemployment Inflation Types Inflation Employment Effect Fiscal Monetary Changes Product Money Markets IS Curve Money Market Equilibrium Radicalism Balance Of Payments Tax Rate Increase Modern Monetarism Product Market Equilibrium Supply Side Economics Payments Assessment Exchange Rate Change Foreign Exchange Market Macroeconomic Aspects Payments Balance Accounts Payments Balance Purpose Fixed Exchange Rate Foreign Exchange Nature Purchasing Power Budgetary Deficits Macroeconomic Analysis Economic Production Economic Models Macroeconomics Importance Macroeconomics Macroeconomic Issues Model Building Methodology National Income Measures National Income Types Classical Macroeconomics Economic Issue Economics Subject Matter Macroeconomics Use Credit Multiplier Fiscal Instruments Monetary Policy Fiscal Policy Types Macroeconomic Policies Fiscal Policy Monetary Policy Scope Macroeconomic Policy Scope Macro Policies Objectives Money Transaction Demand Money Market Changes Money Quantity Theory Interest Theory Money Multiplier Money Determinants Money Functions Money Keynesian Theory Money Market Analysis Money Kinds Money Supply Measures Money Significance Money Supply Sources Money Supply Theory Money Theories Consumption Demand Function Employment Real Output Exports Imports Demand Says Law Income Determination Simple Economic Model Investment Multiplier Product Market Analysis Static Dynamic Multiplier Fiscal Multipliers Labour Market Factors Affecting Consumption Income And Investment Investment Consumption Keynesian Theory Investment Decision Methods Income Hypothesis Relative Income Hypothesis Capital Accumulation