School of Economics

12 Mar Does economics growth bring increased living standards?

Posted at 00:58h in Part 3 by Admin 0 Comments

2 Likes

Increasing the rates of economic growth has long been the holy grail of conventional economics and politics. To a large extent, most developed economies have been highly successful in increasing economic output. But, has such an impressive increase in national output actually improved people’s standard...

11 Mar Policies for Economic Development

Posted at 00:16h in Part 3 by Admin 0 Comments

1 Like

Policies for Economic Development Tejvan Pettinger Economic development implies an improvement in economic welfare through higher real GDP, but also through an improvement in other economic indicators, such as improved literacy, better infrastructure, reduced poverty and improved healthcare standards. Policies for economic development could involve: Improved macroeconomic conditions...

08 Mar Would an increase in savings help the economy?

Posted at 00:58h in Part 3 by Admin 0 Comments

1 Like

Tejvan Pettinger The savings ratio a big determinant of economic activity. Consumer spending accounts for 63% of GDP – dwarfing other areas, such as government spending, investment and exports. A rise in the savings ratio can have a very significant impact on economic activity. A blogger, mentioned a minister,...

07 Mar Explaining Theories of Economic Growth

Posted at 00:35h in Part 3 by Admin 0 Comments

1 Like

Tejvan Pettinger Different models of economic growth stress alternative causes of economic growth. The principal theories of economic growth include: Mercantilism – Wealth of a nation determined by accumulation of gold and running trade surplus Classical theory – Adam Smith placed emphasis on the role of...