Reference no: EM133336668
Question: This assignment will introduce you to another school of thought within economics: The Austrian School. The Austrian economists have different ideas about how the economy functions than mainstream classical or Keynesian economists. One important difference in these theories is on business cycles. For this assignment, I want you to first watch these short videos to understand the basics of the Austrian Business Cycle (about 20 minutes in total time):
All of the videos are on youtube.
Austrian Business Cycle Theory | What causes business cycles?
The Austrian Theory of the Business Cycle - Austrian Economics with Steve Horwitz
Business Cycles Explained: Austrian Theory
After watching these videos, you will then answer the following questions:
1) What is the basic structure of the Austrian Business Cycle (i.e. what causes the business cycle, what happens during the business cycle, and what are the results)?
2) Why is the Market For Loanable Funds that we studied earlier in our class important for understanding the Austrian Business Cycle theory?
2) How can the Austrian Business Cycle be used to explain the Great Recession of 2008 and the crash of the housing market?
3) What are some criticisms of the Austrian Business Cycle theory?
What strategies can you build in your negotiation style
: HRM HRP112 Canadore College what strategies can you build in your negotiation style - Whether it's giant billboards, or flyers through our letterboxes
|
Evaluating any fiscal policy or monetary policy implemented
: Evaluating any Fiscal Policy or Monetary Policy implemented by the Government of your Nigeria in the last 4 - 5 years. You have to discuss whether the Policy
|
Describe technology-equipment and design elements
: Describe technology, equipment, and design elements you would use to support the sustainability of your facility in the future (citation).
|
What would be the statement of business need
: What would be the statement of business need & objectives be and the definition of the problem or opportunity be for this project.
|
What is the basic structure of the austrian business cycle
: What is the basic structure of the Austrian Business Cycle (i.e. what causes the business cycle, what happens during the business cycle, and what are the result
|
Legislative and political changes economic changes
: Legislative/Political Changes Economic Changes. Social/Demographic Changes. Technological Changes. Competitive Changes.
|
Write one learning objective for the training program
: Write one learning objective for the training program - develop SMART objectives (objectives that are specific, measurable, achievable, relevant and time-bound)
|
How much new money is created in the entire banking system
: Listen If the Great Canadian Bank (GCB) has excess reserves of $12,500, and it maintains a target reserve ratio of 5%, how much new money is created
|
Primary reasons block asserts
: Discuss one or two of the primary reasons Block (1993) asserts that leadership should be equated with stewardship.
|