| Papers [1-15] of 100 :: [Page 1 of 7] | | Go to page : 1 2 3 4 5 6 7 —> | Search results on "KEYNESIAN AGGREGATE EXPENDITURE MODEL": |
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The Keynesian Aggregate Expenditure Model, 2004.
Examines the current economic situation within a state of Keynesian equilibrium.
785 words (approx. 3.1 pages), 4 sources, MLA, $ 27.95
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Abstract
This paper examines two contradictory quotations regarding the same economic scenario and questions why the markets should fear a predicted economic slowdown if company profits are growing strongly. The paper presents the answer in the form of the "Keynesian Aggregate Expenditure" model, which is the generic term for several graphical models used to analyze the basic components of Keynesian economics and to identify Keynesian equilibrium as the intersection of the aggregate-expenditures line and the 45-degree line.
From the Paper
"In other words, if consumers are spending less, it is unlikely that companies will continue to spend more and thus the companies will have to let workers go to make up for the decrease in consumer demand. The Keynesian model of aggregate demand was introduced in the 1930?s as a answer to the worldwide great depression that the global economy found itself spiraling into after years of boom and financial speculation. Keynes departed from his predecessors when he ?rejected the view of Adam Smith that, left alone, a market system generally functions well,? namely that the "invisible hand? works when consumer confidence is low.? (Schenk, 1997, ?Activism?)"
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Economics, 2004.
An analysis of the aggregate expenditure model and inflationary gaps.
1,705 words (approx. 6.8 pages), 5 sources, MLA, $ 55.95
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Abstract
This paper uses an aggregate expenditure model to explain the impact of the housing boom on investment and consumption spending. The paper presents a multiplier analysis to explain the increase in GDP consequent upon the rise in spending. Assuming that the housing boom has created an inflationary gap, the paper explores the aggregate expenditure model to explain this gap and then explains how fiscal policy could be used to eliminate this gap.
From the Paper
"In order to determine the relation between the housing boom and the rise of prices, which are probably caused by greater demand in the housing sector, all factors which may produce shifts in the production function must be analyzed. The model proposed by Keynes suggests that each monetary unit spent on something must be somebody's income. Therefore, the housing boom, which creates new jobs, not only in the construction industry, but also in related areas, such as the production of wood or steel, is bound to produce a corresponding rise in consumption demand, as a result of increased spending. A similar effect is incurred upon investment demand."
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Theory of Aggregate Demand, 2004.
A discussion on the relationship between financial institutions and aggregate demand.
1,009 words (approx. 4.0 pages), 4 sources, APA, $ 35.95
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Abstract
The paper states that the economics theory of aggregate demand suggests AD is the measurement of the ability and willingness of people and firms to buy goods. The concept has been derived from Say's law which states that supply creates demand. The paper comments that this means that when there is enough supply people are motivated to purchase things for consumption; firms are more inclined to invest in more projects as the supply of goods and services are available at a cheaper price. The paper highlights that world components of aggregate demands such as prices, international relationships and political institutions all create interdependency and therefore it becomes difficult to actually segregate how certain components affect the others. The paper determines the relationship between financial institutions and aggregate demand and to what extent the quantity theory of money is relevant. The paper concludes that financial institutions are indirectly linked to AD. The quantity theory of money in turn is a good model for explaining the way AD operates in financial market.
From the Paper
"Having said that it, one can now analyze the relationship of financial institutions and AD. Financial institutions deals in resources rather than goods and services and factors like credit level determined by the government, interest rates, and the monetary policies greatly influence its performance. Furthermore, financial institutions operate on a different platform as it does not apply the empirical model of AD theory."
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Aggregate Supply and Demand, 2002.
A look at the impact of aggregate supply on the labor market dynamics between the U.S. and Europe.
1,900 words (approx. 7.6 pages), 5 sources, $ 71.95
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Abstract
This paper looks at the effects aggregate supply and demand have had on the labor market dynamics between the U.S. and Europe, with a special focus placed on Germany. The overriding conclusion of the study is that we should be wary of touting the strength of the U.S. against its European competitors. Historical evidence clearly shows that unemployment rates in the US have only been lower for the past 15 years, and even then not consistently. We may now have approached a stage where trends in aggregate supply and demand will again begin to favor European countries.
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Keynes Principle of Aggregate Demand, 2005.
An overview of the Keynesian macroeconomic theory.
2,250 words (approx. 9.0 pages), 10 sources, $ 89.95
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Abstract
This paper discusses Keynesian macroeconomic theory by examining the concept of aggregate demand and whether or not full employment is attainable under this regime. Keynesian supporters claim that Keynes is the founding father of macroeconomic thought. The paper shows that some economists, however, have criticized Keynes's Principle of Aggregate Demand by suggesting that it does not work under democracy.
From the Paper
"According to economists alike, the study of economic thought and principles is a social science which examines how governments allocate scarce resources by measuring and analyzing key economic indicators including production, distribution, consumption of goods and services (i.e. GDP), and trade. When attempting to explain the economic outcome, whether it is positive or negative, various assumptions and observations are made to justify fiscal and monetary decisions, as well as normative when government intervention is required. At the turn of the 20th Century, the global economic system crumbled as a result of decreased production."
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Current U.S. Aggregate Output, 2001.
The following paper assesses the standardized means of measurement with which to total, track and analyze the productivity and output of any major enterprise.
954 words (approx. 3.8 pages), 6 sources, MLA, $ 33.95
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Abstract
This paper explores the standardized means of measurement which covers the scope of the output of an entire nation. The author examines this highly intricate and complex process that requires a widely known and accepted method of aggregation. In measuring the aggregate output of the economy of the United States of America, this accepted method is known as Gross Domestic Product, or GDP.
From the Paper
"A simplified definition of GDP could be determined as "the market value for all final goods and services produced within a nation in a given time period" (Gross Domestic Product Page). This measurement of national productivity is calculated both quarterly and annually in America by the Bureau of Economic Analysis, a division of the U.S. Department of Commerce, according to a standardized process of measurement that utilizes various data sources and price indexes, most notably the widely accepted Consumer Price Index, or CPI (Eldridge PG)."
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Aggregate Planning and Just in Time Systems, 2002.
Written in memo form, this paper compares the effectiveness of these two management systems.
900 words (approx. 3.6 pages), 3 sources, $ 35.95
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Abstract
This paper is a sample memo written to an immediate supervisor named Rhoda Waters. Rhoda has raised the possibility of switching from a chase demand strategy to a level-capacity strategy for aggregate planning. The memo will delineate the merits of one versus the other. The second part of the paper is a sample memo to Yvonne Williams. Yvonne Williams is the new boss at the company for which I work. She is very anxious to use her training in the concept of 'Just in Time Systems.' She has proposed implementing such a system in my operation. In keeping the 'Just in Time' idea, Yvonne suggests that rather than preventive maintenance, I concentrate on Just in Time Repairs. Write a short memo explaining why having a good preventive maintenance program in place is necessary prior to implementing a Just in Time system.
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Public Expenditure and Education, 2005.
This paper looks at the childcare programs of the 1960s and whether they have survived until today.
1,350 words (approx. 5.4 pages), 6 sources, $ 53.95
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Abstract
The paper discusses how in the middle of the 1960s the United States, as part of the Johnson administration's Great Society vision of the modern welfare state, instituted a "Head Start" program of Early Childhood Education and Care (ECEC) in a series of programs known as the "War on Poverty." The paper discusses how a generation later most of these programs have either ceased or been collapsed into later reform programs of the American welfare state. The paper points out, however, that "Head Start" has survived into the 21st century due, in large measure, to a remarkably consistent level of bipartisan support.
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Cu Boxes: Capital Expenditure, 2008.
Explores the factors Cu Boxes should consider when deciding to lease or purchase capital equipment.
1,015 words (approx. 4.1 pages), 3 sources, MLA, $ 35.95
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Abstract
This paper indicates that the NPV (net present value) analysis shows a net loss fo Cu Boxes on the lease option over the operational life of the equipment because it would lose the tax benefits related to depreciation. The paper then explains, however, that the initial capital requirement to purchase capital equipment is a major concern for Cu Boxes. The paper also points out that Cu Boxes intends to borrow money to partially cover the purchase, which will make it a higher credit risk and will limit its lines of credit and loan options. The paper relates that, in Cu Boxes' automation dependent industry, the pace of obsolescence makes the purchase more problematic. The paper includes analysis charts.
Table of Contents:
Issue Overview
Capital Equipment Lease or Purchase
Machine Purchase
Conclusion
From the Paper
"Buying equipment can often be the best decision because of the equity position that a company receives in the equipment which, depending on the industry, could be substantial. This implies that the strongest advantages in purchasing capital equipment are the outright ownership and the extended tax benefits but for companies with cash flow concerns, the initial investment costs are or can be prohibitive ("Capital"). "
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Economic Model, 2001.
A look at the aggregate supply-aggregate demand economic model.
1,100 words (approx. 4.4 pages), 4 sources, APA, $ 38.95
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Abstract
This paper examines one particular economic model, the aggregate supply-aggregate demand model, both as an abstract economic model and as a way of helping to predict in a rational fashion the direction that the U.S. economy may be taking in the future.
From the Paper
"Those of us who are not economists may tend to think of such terms as ?aggregate supply? or even ?recession? as vaguely incantatory ? words that conjure up not ways to describe rational if complex (and therefore in many ways unpredictable) process but the dark arts of sorcery. But while economics is certainly not a precise natural science like chemistry (because the phenomenon involved are both so complicated and so subject to change because of different historical influences), it is of course a rational methodology through which to explain the ways in which various resources flow through the human community."
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Economic Models, 2004.
Looks at different economic models and their usefulness in resolving issues of whether or not a monopoly exists.
5,640 words (approx. 22.6 pages), 17 sources, MLA, $ 136.95
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Abstract
This paper uses the example of the increasing monopolization of the telecommunications industry to demonstrate the need for economic models that can help resolve issues of monopolization. The paper describes the purpose of economic models, the different types of models, and some of the factors and data that the models consider.
Outline
An Agent-Based Economic Model
Telecommunications market structure, development, and impact studies
Demand analysis and forecasting studies, modeling
Service and Network Cost Studies and Models
Comparative tariff, policy, and market analyses
Tariff Model -- International Comparisons
OECD Basket Comparisons of Telephone Services Charges - August 1997
Multivariable Regression
The Classical Model
The Classical Model of Production and Employment
Labor Demand
Labor Supply
Equilibrium
Aggregate Supply and Demand
Loanable Funds
Taxes on Labor Income
Animal Spirits
The Keynesian IS/LM Model
Tax Model (The Simple Keynesian Model)
Paradox of Thrift
The Mundell-Fleming Model
Real Business Cycles
The IS/MP Model
From the Paper
"With the agressive deregulation in the telecommunications industry in the United States and Europe during the early to mid-1990?s, it seemed that the local monopolies would be forced to unbundle their networks. However, MCI WorldCom, the second largest US long distance telecommunications company, announced in October 1999, that it would acquire Sprint, the third largest US long distance company, in the biggest corporate takeover in history. The merger is valued at $129 billion in cash, stock and debt. The resulting firm will be second only to AT&T in the US telecommunications industry, a company with, as of 1999, $65 billion in annual revenue, 142,000 workers and 40 million business and residential customers (McGaughlin, 1999)."
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Keynesian Economics.
This paper compares the Keynesian and the Neo-Keynesian schools and their application to the 'Price-Output Puzzle'.
1,190 words (approx. 4.8 pages), 1 source, MLA, $ 40.95
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Abstract
This paper explains, in contrast to the classical view that demand should be held relatively stable or static, Keynes believed that government spending was necessary to inflate production and infuse the economy with necessary dollars; the Neo-Keynesians applied neoclassical economic theories of monetary policy and the micro economy to Keynesian economics regarding the macro economy. The author defines the 'price output puzzle' as "why do not suppliers reduce prices rather than reduce supply?" This paper concludes that the major three functions of both the Keynesian and Neo-Keynesian theories, which include the consumption function, the investment function, and the liquidity preference function, should all be considered simultaneously, viewing the economy in a holistic fashion.
From the Paper
"Specifically, the first Neoclassical-Keynesian Synthesis is another way of referring to the Neo-Keynesian Revolution of the so-called IS-LM Model. The IS-LM model represents John Maynard Keynes's General Theory in the form of a system of simultaneous equations "The IS-LM model has remained one of the most formidable pieces of pedagogic machinery and, as far as back-of-the-envelope diagrammatic reasoning is concerned, one of the most efficient ever devised in economics. It is not, however, without substantial problems, both as an internally consistent model or as a representation of Keynes's theory." In other words, this Neo-Keynesian school works wonderfully in theory, but not so well in fact."
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Keynesian Economics, 2004.
A brief comparison of the Keynesian school to the New-Keynesian school of economics.
1,421 words (approx. 5.7 pages), 2 sources, MLA, $ 47.95
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Abstract
This paper discusses what distinguishes the Keynesian school from the New-Keynesian school. A summary of the schools' major theories are examined and analyzed.
From the Paper
"What did the economist John Maynard Keynes really mean when he wrote his seminal text, The General Theory of Employment, Interest and Money? Like a religious text, General Theory was written and yet has inspired more verbiage upon its supposed core philosophy than exists within the actual pages of the book itself. This text was itself a critique and a query of conventional views of Classical economics. The Classical and the Neo-classical view of economics Keynes was responding to suggested that with perfectly free competition, in the absence of government intervention, the nature of the relationship between wages and labor demand would be quite efficient and simple."
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Was Keynes a Keynesian?, 2004.
This paper discusses the similarities and dissimilarities in the old and the new Keynesian theories, thereby concluding that Keynes was a true Keynesian.
1,140 words (approx. 4.6 pages), 4 sources, MLA, $ 39.95
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Abstract
This paper explains that the old Keynesians and the new Keynesians of the 1990s presume that both prices and wages tend to be stringent over a short period; as a result, the amount or the quantity of output begins to adjust itself according to the changes observed in the aggregate demand. The author points out that the major reason for the split in thought is the fact that John Maynard Keynes left his analysis of the ?General Theory of Unemployment? incomplete. The paper relates that both groups have discussed and explained the saving mechanism and its impact; but, where old Keynesians evidently opposed saving, the new Keynesians gave many pro saving statements.
From the Paper
"Mankiw, the leader of the new Keynesians, explains and makes use of the fundamental tools involved in the Keynes general theory including IS and LM curves, aggregate supply and aggregate demand, and the multiplier and accelerator. However, unlike the old Keynesians, Mankiw, his subordinates and colleagues sought benefit of the economy in the saving approach. Where old Keynesians saw a marked decrease in the output levels due to savings, Mankiw claimed and showed how saving at a high rate can cause the output levels to soar. Making use of the ?Solow growth model?, Mankiw explained and established a clear link between saving phenomenon and higher levels of output as well as the resultant ?steady-state capital stock? in the following words: ?the saving rate is a key determinant of the steady-state capital stock."
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