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Explain how foreign aid might help in the development process of a developing country.
Definition/outline of various forms of aid, i.e. donor aid, tied aid, bilateral aid etc. Examples should clearly link aid with development, for instance that multilateral aid to developing country governments can be used for any number of development issues, like education and health care, infrastructure etc.
Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i
1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):
a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?
how to solve the credit multplier
what is pooling equilibrium
Negative profit FC + VC > R(q) MR > MC Indicates higher profit at the higher output - Question: Why is profit negative when the output is zero? - Outp
In the city of Gelato the market for ice cream is perfectly competitive. Aggregate demand for ice cream is: D(p) = 1200-25p where p is the price for one cone of ice cream. Al
Fiat money is what is regular in modern economic systems. Fiat money is money that is described as legal tender by either a government or some organization with the authority to e
Q=2h find the marginal point. where q is the quantity of electricity in MW-h and h is the amount of water (in 100s of liters per hour)
Returns to Scale in Carpet Industry * The carpet industry has grown from the small industry to large industry with some large firms. * Question - Can the growth be illu
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