Introduction to macroeconomics Macroeconomics Macroeconomics (from Greek prefix "macr(o)-" meaning "large" + "economics") is a branch of economics that deals with · the performance, structure, behavior and decision-making of the entire economy, · be that a national, regional, or the global economy The Economist's Dictionary of Economics defines Macroeconomics as - "The study of whole economic systems aggregating over the functioning of individual economic units. It is primarily concerned with variables which follow systematic and predictable paths of behaviour and can be analysed independently of the decisions of the many agents who determine their level. It is a study of national economies and the determination of national income." Macroeconomics examines the economy as a whole and answers questions · 'What causes the economy to grow over time
Tartu 2013 TABLE OF CONTENTS INTRODUCTION ................................................................................................................... 4 1. UKRAINE ...................................................................................................................... 5 1.1. General information ..................................................................................................... 5 1.1.1. Country Profile ..................................................................................................... 5 1.1.2. Post-Independent Ukraine. Economy and politics ............................................... 6 1.1.3. Key Macroeconomic indicators ......................................................................... 14 1.1.4. Foreign Direct Investments ................................................................................ 16 1.1.5
What I remmember about from 100 pages economics? There were a lot interesting what I didnt know before. It all started about U.S Economics. U. S Economy does not appear to be „globaal“ if look at its ratio of tarded otuput to GDP (Gross Domestic product, which is the total value added of production that occurs within a country-s borders, regardless of who owns the factors of production used in the production process.)U.S exports and imports only about 10% of its national output and consumption Services are difficult to export and import; if you need haircut or you want to go out tonight , you choose from among local suppliers. Rapidly growing ratio of manufacturing exports. Fact is, that manufacturing has accounted for a decreasing proportion of total U.S output.The internet and ohter improvements in communication and transportation have made manu service „tradable“. For example: Mexico began exporting fully prepared meals to the U.S Services already account for 20% of Word trade
Economic Country Review: Finland, Estonia and Hungary Girli Vasiljev Report Business Economics, RB1X 06.05.2012 Abstract 06.05.2012 Experience and Wellness management Author Group Girli Vasiljev RB1X Title of report Number of pages Economic Country Review: Finland, Estonia 20 and Hungary Teacher Kalevi Torunen The goal of this paper is to compare the economic performance of Finland, Estonia and Hungary. First, a general overview on the countries will be given. After, economic indicators (real GDP growth rate, inflation, unemployment, household consumption, investment, current account, government budget and deficit) of the three countries will be compared to draw a conclusion. Keywords
Preparing for exam. Focus areas Defining innovation ● “An innovation is an idea, practice, or object that is perceived as new by an individual or other unit of adoption.” (Rogers 1952) ● CIS survey: “Product innovations must be new to your enterprise, but they do not need to be new to your market”. ● “Companies achieve competitive advantage through acts of innovation. They approach innovation in its broadest sense, including both new technologies and new ways of doing things” – (Porter 1990) ● “An innovative business is one which lives and breathes “outside the box”. It is not just good ideas, it is a combination of good ideas, motivated staff and an instinctive understanding of what your customer wants” – (Branson 1998) ● “...novel implementation of an invention, discovery, new or existing knowledge in economic process” (Joseph A
Sõltumatu muutuja Independent variable Независимая переменная Pöördvõrdeline sõltuvus Inverse relationship Обратная зависимость Sirge tõus Slope of a line Подъем кривой ordinaattelg Vertical axis ордината-ось majandussüsteem Economic system Экономическая система piiratus Scarsity ограниченность Majanduslik hüvis Economic goods Экономическое благо Vaba hüvis Free goods Свободное благо Majanduslik ressurss Economic Resources Экономический ресурс
......................... 8 Pictures........................................................................................................................................8 Used material:............................................................................................................................. 9 2 Introduction Jamaica is an island nation of the Greater Antilles, 234 kilometres (146 mi) in length and as much as 80 kilometres (50 mi) in width situated in the Caribbean Sea. It is about 620 kilometres (385 mi) northeast of the Central American mainland, 145 kilometres (90 mi) south of Cuba, and 190 kilometres (120 mi) west of the island of Hispaniola, on which Haiti and the Dominican Republic are situated. Its indigenous Arawakan-speaking Taíno
INVESTBULGARIA AGENCY WHO ARE WE InvestBulgaria Agency (IBA) is a Government institution providing information, contacts and project management support to potential investors. IBA services: Macroeconomic data on Bulgaria Data on operational costs Regional information Personalized administrative servicing Legal advice Liaison with central and local governments Liaison with branch chambers and NGOs www.investbg.government.bg GENERAL INFORMATION
Ireland Ireland (Irish: Éire, Irish pronunciation:) is a country in north-western Europe. The modern sovereign state occupies about five-sixths of the island of Ireland, which was first partitioned on 3 May 1921. It is bordered by Northern Ireland--part of the United Kingdom--to the north, by the Atlantic Ocean to the west, the Irish Sea to the east and the Celtic Sea and St George's Channel to the South and South-East. The legal name of the state is simply "Ireland", but its legal description the Republic of Ireland is
Cost Accounting. Chapter 1 Management accounting measures, analyzes, and reports financial and no financial information that helps managers make decisions to fulfill the goals of an organization. Financial accounting focuses on reporting to external parties such as investors, government agencies, banks and suppliers. It measures and records business transactions and provides financial statements that are based on GAAP. Cost accounting measures, analyzes, and reports financial and no financial information relating to cost of acquiring or using resources in an organization. Value-chain analysis: sequence of business functions in which customer usefulness is added to products and services. 1. Research and development 2. Design of products, services, or processes 3. Production 4
EU Internal Market Group Work I: History and Purpose of the Internal Market Please connect terms (numbers) with correct description (letter), for example 17 M 1 Common Market A ... is characterized by free movement of goods between the participating countries, but autonomous external trade policies in relation to non-participants. 2 Comparative B A top-down approach to integration that can be best Advantage explained by market failure.
Tallinn English College Report of Canada 8a Teacher: Merike Sisask Composer: Kärt Kalvet 2010 Canada, Kärt Kalvet 8a Canada General Information Canada is in North America. It's area is 9220970 sq km. Canada's population is 313.612.000 people. Canada is divided into 10 provinces and 3 territories. The capital of Canada is Ottawa. Canada has constitutional monarchy. The head of state in Canada's government is the Queen of England. There are two main languages in Canada: English and French. Canada's curreny is Canadian dollar (1 dollar=100 cents[Can$]). The highest peak of Canada is Mount Logan, 5959 metres. The lowest point is sea level. The longest river is the Mackenzie. The climate and geography of Canada vary greatly from temperate in the south to arctic in the north and from islands and plains in the east to mountains in the west. Location
4. Milline on riigi ekspordi ja impordi suhe/väliskaubanduse tasakaal (USD)? Andmed leiad ül 2 aadressilt . Eksport- 464.900.0 US $, per capital on 7.628 US$ , koht mm-s on 9-s Import- 636.000.0 US $, per capital on 10.436 US $, koht mm-s on 6-s 5. Mida Sinu riik peamiselt ekspordib export commodities? Loetle /nimeta ja energiavaradele tõmba joon alla. Ül 2 link. Tubakas, kütused, kemikaalid, karastusjoogid, manufactured goods (ei oska tõlkida) 6. Mida Sinu riik peamiselt impordib import commodities? Loetle /nimeta ja energiavaradele tõmba joon alla. Ül 2 link toiduained, kütused, manufactured goods(ei tea kuidas tõlkida), erinevad masinad 7. Selle ülesande lahendamisel on mõistlik kasutada linki : http://www.citypopulation.de/cities.html . Toimi samamoodi nagu ül 3 i ja j alapunkti puhul .Kaubandus trade.
ERLE MAIDO TAAB11 Report Purpose The purpose of this report is to give an overview of Estonian population, political factors, technological factors, economic factors and the trends in Estonian economy compared to Germany and to briefly discuss Estonian business environment. Estonian population The total population of Estonia is 1 313 271 according to Statistics Estonia, of which 69.1% are Estonians, 25.1% Russians, 4.9% of which are of different nationalities for example Ukrainians, Belarusians and Finns. Rest are of unknown nationality. 68.5% of population speaks Estonian as a mother language, 29.6% speaks Russian as a mother language and 0
ESTONIAN BUSINESS ENVIRONMENT Estonia is a country with the population of just a little over 1.3 million people. It has been estimated though, that by the year of 2040 the number will have decreased by 125,000 people. It means that the population of Estonia is decreasing. As young Estonians often like to go study or live abroad, the population is aging as well – young people move away, while older stay there. Many different nationalities live there: besides Estonians there are Russians,
disease and illiteracy in the world, to stop environmental destruction and to encourage respect for each other's rights and freedoms. -To be a centre for helping nations achieve these aims. The Principles of the United Nations: -All Member States have sovereign equality. -All Member States must obey the Charter. -Countries must try to settle their differences by peaceful means. -Countries must avoid using force or threatening to use force. -The UN may not interfere in the domestic affairs of any country. -Countries should try to assist the United Nations. The basic structure of the United Nations is outlined in an organizational chart. What the structure does not show is that decision- making within the UN system is not as easy as in many other organizations. The UN is not an independent, homogeneous organization; it is made up of sovereign states, so actions by the UN depend on the will of Member States, to accept, fund or carry them out
Fiscal Policy Fiscal policy is that policy which is made by government for controlling the government expenditure, supply of money and taxes. Fiscal policy is great equipment in the hand of any country's government to make better tax system and to manage the public loan and expenditures. Types of Fiscal Policy The three possible types of fiscal policy: neutral, expansionary and contractionary. The definitions of these types are as follows: - A neutral stance of fiscal policy implies a balanced economy. This results in a large tax revenue. Government spending is fully funded by tax revenue and overall the budget outcome has a
Prepared: Kadri Tamm, MF-I-5 Tartu 2007 I read book about direct investments in the Estonian economy. The book is issued by University of Tartu and the writers are also scientists from University of Tartu. "Foreign direct investments are relatively new phenomenon for Estonia because during the nearly five decades as part of the Soviet economic system, our economy received virtually none. Such economic isolation from the West lasted until the early 1990s. In consequence of the mid-1990s' radical macroeconomic reforms, foreign direct investments started to play a significant role in the Estonian economy. Currently Estonia ranks third after Hungary and the Czech Republic by per capita indicators of the inflow of foreign direct investments. Presumably, the experience of our recent past provides
The United States and its economy are known to be one of the thriving and strongest in the world. It represents 16.6% of the world’s total GDP. The estimated worth of USA's GDP is estimated to be around 17.5 trillion dollars and dollar being the third currency in the world and the official currency of the US. They also manage a 5% growth every quarter. So how do they manage it? There are three main sectors that contribute to the USA's GDP. First is services that is 80% of the total GDP. The output of services in 2014 was 13,8 billion dollars witch was the nr.1 in front of European Union’s output witch was 13,4. The second contributing sector is the industry sector which provides 19% of the country’s GDP. In this area USA has fallen behind and has to accept the third position in the world’s total industry's output. First in
The course supports the other Traderun courses, especially the course related to EU cooperation with Russia and Eastern Partnership Countries. 3 1. LEGALIZATION OF A COMPANY WITH A FOREIGN OWNER IN RUSSIA Today the investment attractiveness of Russia is very high. In addition to the dynamic pace of development of the economy, Russia offers to foreign investors increasing every year the market of goods and services to consumer and business. Most often, this together with the high rate of return on invested capital is a crucial factor in the decision to enter the Russian market. One possible way to full implementation of business activities on the territory of the Russian Federation - is the creation of a legal entity. An enterprise with foreign capital - is created on the territory of the Russian business- organization whose founders are foreign citizens or organizations
......................reklaami avalik loomus 32. Affliction ..........................................................kannatus 33. Aggregate demand ...........................................kogunõudlus 34. Aggregate supply .............................................kogupakkumine 35. Allied [öllaid] ..................................................ühinenud 36. Allocative [allocätaiv] efficiency ....................ressursijaotuslik efektiivsus 37. Alternative [oltörnative] goods ........................alternatiivkaubad 38. An ability to cope with something - ...................võime hakkama saada millegagi 39. An advertisment for a secretary - ........................kuulutus sekretäri kohale 40. An asset ............................................................aktiva 41. Analysis ............................................................analüüs 42. Annual budget ..................................................aastaeelarve 43
Index CGI) Korruptsiooni Indeks:6,4 (2011) Indeks:3,0 (2011) Indeks:2,2 (2011) indeks (Corruption (10- very clean; 0 (10- very clean; 0 (10- very clean; 0 Perceptions Index highly corrupt) highly corrupt) highly corrupt) CPI) SPAIN Spain's powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World Wars I and II but suffered through a devastating civil war (1936-39). A peaceful transition to democracy following the death of dictator Francisco FRANCO in 1975, and rapid economic modernization (Spain joined the EU in 1986) gave Spain a dynamic and rapidly growing economy and made it a global champion of freedom and human rights. The government's
TALLINNA ÜLIKOOL POLITICAL SCIENCE AND GOVERNMENT INSTITUTE ANNELI PALM CRITISIM ABOUT IMF AND WORLD BANK INTERNATIONAL POLITICAL ECONOMY (RIR6032/RIR6004) ESSAY 2014 Contents TALLINNA ÜLIKOOL.............................................................................................. 1 Introduction............................................................................................................ 3 Basic of liberalism....................................
temperate rainforests in the west, mountain ranges in the west, central, northeast and far southeast, and a semi-arid basin region in the east, central, and south, given over to intensive agriculture. Washington is the second most populous state on the West Coast and in the Western United States after California. Economy The 2014 total gross state product for Washington was $425.017 billion, placing it 14th in the nation. The per capita GDP in 2009 was $52,403, 10th in the nation. Significant business within the state include the design and manufacture of aircraft (Boeing), automotive (Paccar), computer software development (Microsoft, Bungie, Amazon.com, Nintendo of America, Valve Corporation, ArenaNet), telecom (T-Mobile USA), electronics, biotechnology, aluminum production, lumber and wood products (Weyerhaeuser), mining, beverages (Starbucks, Jones Soda), real estate (John L. Scott, Colliers
relative amounts of the different inputs to be used. Production is an activity where resources are altered or changed and there is an increase in the ability of these resources to satisfy wants. · Before goods can be distributed or sold, they must be produced. · Within the market model, production and costs of production are reflected in the supply function Production, more specifically, · the technology used in the production of a good (or service) · the prices of the inputs determine the cost of production. Production processes increase the ability of inputs (or resources) to satisfy wants by: · a change in physical characteristics · a change in location
The territory of Estonia covers 45,227 km² and is influenced by a temperate seasonal climate. The Estonians are a Finnic people closely related to the Finns, with the Estonian language sharing many similarities to Finnish. The modern name of Estonia is thought to originate from the Roman historian Tacitus, who in his book Germania (ca. AD 98) described a people called the Aestii. Similarly, ancient Scandinavian sagas refer to a land called Eistland, close to the German term Estland for the country. Early Latin and other ancient versions of the name are Estia and Hestia. Until the late 1930s, the name was often written as Esthonia in most English speaking countries. Estonia is a democratic parliamentary republic and is divided into fifteen counties. The capital and largest city is Tallinn. With a population of only 1.4 million, it is one of the least-populous members of the European Union. Estonia was a member of the League of Nations from 22 September 1921, has been a member of the
− Assures that the corporation is managed in accordance with state laws, security regulations and conflict of interest situations. Role of the Board in Strategic Management • Monitor developments inside and outside the corporation. • Evaluate and influence management proposals, decisions and actions. • Set corporate strategy, the corporation’s overall direction, mission, and vision. Carroll’s (1979) four responsibilities of business in order of priority … • Economic (must do) • Legal (have do) • Ethical (should do) • Discretionary (might do) *agenditeooria suures ettevõttes, * mis on mission, EKSISTENTS – KES ME OLEMA JA MIDA VÄÄRTUSTAME *suure ettevõtte hierarhia *Mintzberg The 5 Ps of Strategy were created by Henry Mintzberg in 1987. Each of the 5 Ps stands for a different approach to strategy: 1. Plan. 2. Ploy. 3. Pattern. 4. Position. 5. Perspective.
Estonian Economy Estonians earn about half of the average European income, despite the fact that the economic growth during the recent years has been very fast and the differences have been diminishing. Although the extremely vigorous period of economic reforms is now over, the changes that Estonia is presently going through are far more extensive than those in the developed countries. The Estonian economy is diverse industry and transport, as well as commerce and different branches of services are all equally important. Due to the available natural resources Estonian economy largely relies on the branches related to the forest; Estonian energy sector is based on oil shale, a resource quite rare elsewhere in the world. Finland
Findings, conclusions and comments made in the publication do not necessarily reflect the opinion of GIZ. This publication may not be reproduced in whole or in part without the written permission of the copyright holder. © Deutsche Gesellschaft für Internationale Zusmmenarbeit GmbH (GIZ), 2011. 2 CYAN MAGENTA YELLOW BLACK 2 Introduction For the past few years, Georgian government has carried out a number of significant economic reforms in various fields in order to create attractive business environment and to breathe a new life into Georgian economy. The main aim of the reforms was to boost foreign investments, cre- ate new jobs, stimulate entrepreneurial activities in a variety of fields and increase the welfare of citizens. As a result of economic deregulation policy which was focused on liberalization of the Economy,
TAXATION To tax- maksu võtma kelleltki (riigimaksu) Taxation- maksustamine, maksundus Primary fonction of taxation- To collect money to government expenditures. Direct tax- are collected by the government from the income of individuals and businesses. Indirect tax- are levied on the production or sale of goods and services. They are included in the price paid by the final purchase. Business profits are generally taxed twice- After the company pays tax on its profits, the shareholders pay income tax on any dividends recieved from these profits. Progressive tax- people with higher incomes pay a higher rate of tax than people with lower incomes. Proportional- tax that is imposed at a fixed rate. Regressive tax- (direct taxes are usually) people with a lower income pay a proportionally
Tax policy After regaining independence in 1990, Lithuania is a fully functional parliamentary democracy. The chief of state is the president, and the head of the government is the premier. The president is directly elected by the people and serves a 5-year term. The parliament, known as the Seimas, has 141 members who are elected for 4-year terms. Of these, 71 are directly elected by the people and 70 are elected by proportional vote. The tax burden, at some one-third of the GDP is moderate by international standards and will further be reduced as the liberalization progresses. These are mainly income and value-added taxes .
SOME EUROPEAN COUNTRIES Abstract District heating (DH) offers low primary energy demand, high security of supply and small CO 2 emissions. Barriers to DH in the UK, Ireland, France, Romania and the Czech Republic have been compiled through publications and interviews. DH systems require large investments, have negative initial cash flow and long payback time, which obstructs financing. One actor should control DH from source to consumption. If the value chain is fragmented, contracts are required between the links. It increases risks and financing costs, like in the UK and Ireland, where DH is not established. There are few multi- family houses with central heating and it is expensive to build DH networks in built areas. Most French DH systems are operated according to long-term concessions by companies that sell electricity and gas. No strong actor provides unbiased DH support. In the Czech Republic, gas
Majandusõpetus Teema 13. Majanduse areng ja stabiilsus 1. Makroökonoomika, macroekonomics - õpetus turu 1. üldisest tasakaalust e. majandusest kui tervikust tema seostes 2. 2. Makromajanduslikud majandusnäitajad, macro : economic indicators majandust kui tervikut (), , , iseloomustavad näitajad: majanduse (SKP) kasv, töötus, . inflatsioon, väliskaubanduse saldo jm. 3. , 3. Sisemanduse kogutoodang (SKP), gross domestic product (- ) (GDP) on mingil periodilriigis toodetud
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