International Monetary Fund

Samuel Elenwo PSY 2113 Prof. McKinzie Unit 2 Bonus Part 1: Economists quantify, assess and adjust for qualitative changes in goods and services over time through the use of hedonic regression. Hedonic regression is a method of estimating demand or value. Hedonic regression is the simplification of items being investigated into their own basic characteristics. Hedonic also gathers estimates of the items value for each those features or characteristics. Hedonic is commonly used in the appraisal…

At the beginning of the 20th century, the country of Australia became unified and The Commonwealth of Australia officially came into being on January 1, 1901. Today, Australia’s economy is one of the largest mixed market economies in the world, and has since the Commonwealth’s establishment over hundred years ago experienced numerous changes to its economy in terms of its focus. Often regarded as primarily a producer of agricultural commodities, minerals and energy but all of these products…

However, main source of fund is come from the government. Therefore, the government has more financial expenditure, which increase the financial expenditure. (Robyn Broadbent, Marcelle Cacciattolo and Cathryn Carpenter, p584) The research show that three-quarters of Australians are oppose refugee settlement, only two-thirds support refugees. Overall, more people think increasing number of refugee will be a serious problem in the future. (Farida Fozdar and Lisa Hartlet p44) In the long run,…

Fiscal Policy can be considered an economic issue because any change in the government budget can have a significant impact on the economy on a whole as well as the people living in it. Fiscal Policy consists of changes in government expenditures and/or taxes to achieve economic goals, such as low unemployment, price stability, and economic growth. “Federal tax and spending policies can affect the economy because of the impact on federal borrowing, private demand for goods and service as well…

without any government assistance. Hopefully, if Donald Trump is elected President of the United States in 2016, his fiscal policy will be enacted and will yield the expected results based on the aggregate demand and supply model and the loanable funds market. If these results occur, hopefully all of us will benefit from his news policies under his…

Operations, Federal Funds Target Rate, and the Discount Target Rate. The nature of the Fractional Reserve Banking System allows banks to use their customers cash as loans to other customers in order to stimulate the economy. There are rules put in place that banks have to follow that requires them to hold a certain percentage of funds in…

Ⅱ “Public welfare” and “political economy” in Dazai Shundai In the event that any contradiction arise among “interests” and the activity of giving priority to “interests” even if lowering the gain of “the world and the nation” in the long term is not prohibited, or in the case that “interests” can be temporarily restricted to increase the gain of society, would it be “beneficial” to establish institutions based on the urgency of current affairs in light of “public welfare”? It was Dazai Shundai…

"HONG KONG — GDP is so 20th century. The measure has risen from humble beginnings during the Great Depression to be an essential gauge for governments and central banks the world over." (Agency Staff, 2016) GDP is struggling to keep pace with economic change, due to an increase in e-commerce where transactions occur instantaneously it has become increasingly difficult to track economic output. Also due to GDP's tendency of ignoring distribution effects it effectively doesn't entertain rising…

In 2010, the movement ‘Occupy Wall Street’ (OWS) appeared as a show of force for those affected by the 2008 ‘Great Recession’. One of the main purposes of the movement was to show the ‘American 1%’, that the average Joe was struggling, and to highlight the exorbitant income gained by the big business elite. In the article “Occupy Wall Street Has Already Won” by Eliot Spitzer, he claims that OWS’s goal has already been achieved. That the discussion of the cause has brought to light, clarity has…

The empirical findings in the first paper reflect the theory for which excessive bureaucracy is built upon. The paper ultimately confirms the positive relationship between increased confiscations and an increased police budget, which the paper seeked to prove. It also identifies that the correlation becomes more positive as the jurisdiction size increases. This relationship shows that through reallocating resources the police bureaucrats are capable of benefitting from larger budgets, as well…