Location and correction of geometrically transformed QR code images Description: QR code is a popular monochrome two-dimensional bar code, which is typically used to store website address. In most cases, this information is retrieved via a camera phone. The QR … Continued
1. Differentiate between demand-side and supply-side policies. 2. Provide a short report for a country of your choice highlighting the current economic situation. Suggest some economic policy responses to address any economic challenges you identify.
1. Distinguish between policy targets, policy instruments and policy goals. Give examples of each. 2. It is often suggested that there is a trade-off between unemployment and inflation. What do you understand by this?
relationship between fiscal changes and the multiplier effect 1. What is the relationship between fiscal changes and the multiplier effect? Why does a balanced budget tend to stimulate the economy? 2. When might more government borrowing be inadvisable?
relationship between the budget deficit and the national debt 1. What is the relationship between the budget deficit and the national debt? When is the national debt likely to become more of an economic burden? 2. Why did economists tend … Continued
Some Japanese electronics companies claim that Chinese-produced TVs are destroying Japan's domestic TV manufacturing capability and that the trade is unfair because Chinese wage rates are under a tenth of those paid in Japan. What would be your advice to … Continued
Analyse the effects of a current account surplus in a country pursuing: (a) a fixed exchange rate, or (b) a floating exchange rate.
A developing country is reporting a trade deficit because of large imports of capital equipment to assist in its economic development. Explain how this country might sustain this deficit over time without provoking a large depreciation in its exchange rate.
1. How does a currency depreciation affect the balance of payments? When might a currency depreciation intended to correct a current account deficit fail? 2. Compare and contrast the relative advantages and disadvantages of adopting floating or fixed exchange rate … Continued
Why is purchasing power parity theory likely to be a defective explanation for the level of an exchange rate in the short run? Why is it likely to be a more effective explanation for long-run exchange rates?