Macro an der Hochschule Pforzheim

Karteikarten und Zusammenfassungen für Macro an der Hochschule Pforzheim

Arrow Arrow

Komplett kostenfrei

studysmarter schule studium
d

4.5 /5

studysmarter schule studium
d

4.8 /5

studysmarter schule studium
d

4.5 /5

studysmarter schule studium
d

4.8 /5

Lerne jetzt mit Karteikarten und Zusammenfassungen für den Kurs Macro an der Hochschule Pforzheim.

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

What are the 3 approaches that can be used to compute the GDP?

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

2. What are the different components of the aggregate demand for goods and services in a closed economy?

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

You are given the following numbers for an economy for a particular year (France 2019):
Total income labor: 1,243 bn €
net operating surplus/net capital income: 542 bn €
Ind. Taxes – subsidies: 336 bn €
Depreciation: 305 bn €
a. Compute: GDPM, NDPM, NDPF

Das war nur eine Vorschau der Karteikarten auf StudySmarter.
Flascard Icon Flascard Icon

Über 50 Mio Karteikarten von Schülern erstellt

Flascard Icon Flascard Icon

Erstelle eigene Karteikarten in Rekordzeit

Flascard Icon Flascard Icon

Kostenlose Karteikarten zu STARK Inhalten

Kostenlos anmelden

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

Try to interpret NDPf in your own words (the economic meaning behind this quantity)

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

Imagine, you would like measure the welfare in an economy. Which indicator would you use and why?

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

5. Give one particular example that could be used 

to criticize the GDP as a good measure for the economic activity

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

Statistics try to capture the macroeconomic level of prices for consumption using an approach based on the shopping basket of a representative consumer. Try to explain in a few sentences how this approach in general works (no numbers or quantities needed)?

Das war nur eine Vorschau der Karteikarten auf StudySmarter.
Flascard Icon Flascard Icon

Über 50 Mio Karteikarten von Schülern erstellt

Flascard Icon Flascard Icon

Erstelle eigene Karteikarten in Rekordzeit

Flascard Icon Flascard Icon

Kostenlose Karteikarten zu STARK Inhalten

Kostenlos anmelden

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

Typically, the level of prices is published as an index value. In case of the HICP, currently the year 2015 is chosen as the base year where the index takes a value of 100. For Germany, the index took a value of 105.1 in January 2020. What is this number telling you? How should it be interpreted?

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

The rate of inflation in consumer prices is a crucial (kritisch) number in macroeconomics. How would you compute the annual rate of inflation give numbers of the HICP in general?

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

In chapter 3, we discussed price stability. What kind of definition for price stability is applied in the Euro area and who is responsible for maintaining price stability?

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

Throughout chapter 3, we focused on prices/inflation based on the HICP. Why did we do so?

Das war nur eine Vorschau der Karteikarten auf StudySmarter.
Flascard Icon Flascard Icon

Über 50 Mio Karteikarten von Schülern erstellt

Flascard Icon Flascard Icon

Erstelle eigene Karteikarten in Rekordzeit

Flascard Icon Flascard Icon

Kostenlose Karteikarten zu STARK Inhalten

Kostenlos anmelden

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

What are the key assumptions in Keynesian macroeconomics that make it distinct from other macroeconomic theories? How are the related to what is known as market pessimism?

Kommilitonen im Kurs Macro an der Hochschule Pforzheim. erstellen und teilen Zusammenfassungen, Karteikarten, Lernpläne und andere Lernmaterialien mit der intelligenten StudySmarter Lernapp. Jetzt mitmachen!

Jetzt mitmachen!

Flashcard Flashcard

Beispielhafte Karteikarten für Macro an der Hochschule Pforzheim auf StudySmarter:

Macro

What are the 3 approaches that can be used to compute the GDP?

Output approach:Market value of goods and services for final use produced within a
predefined period of time and within a specific country.


Expenditure approach:The total sum of all expenditures for: 1. private consumption, 2.
private gross investments, 3. government expenditures, and 4. net
exports of an economy within a given period of time (aggregated
demand).


Income approach:Following the income approach, GDP is the sum of all factor
rewards to the owners of these production factors (e.g. wages for
labor) within an economy and a certain period of time.

Macro

2. What are the different components of the aggregate demand for goods and services in a closed economy?

Expenditures for private consumption, private investment and the government’s expenditures

Macro

You are given the following numbers for an economy for a particular year (France 2019):
Total income labor: 1,243 bn €
net operating surplus/net capital income: 542 bn €
Ind. Taxes – subsidies: 336 bn €
Depreciation: 305 bn €
a. Compute: GDPM, NDPM, NDPF

GDPM=1,243 + 542 + 336 + 305 = 2,426 bn €
NDPM = GDPM – depreciation =2,426 – 305 = 2,121 bn €
NDPF = NDPM – (ind. taxes – subs.) = 2,121 – 336 = 1,785 bn €


GDPF= GDPM-(ind. taxes -subs.)= 2,426 - 336 =2,090 bn€

Macro

Try to interpret NDPf in your own words (the economic meaning behind this quantity)

The NDPf gives the total value of goods/services produced for final use after necessary replacement investments (i.e. depreciations(Wertverlust)) have been covered and after the government’s influence on market prices (i.e. ind. taxes and subsidies(Fördermittel)) have been removed from the market prices.

Macro

Imagine, you would like measure the welfare in an economy. Which indicator would you use and why?

Often the GNI (Gross National Income)is used for this. The GNI measures the total income payments which the residents of an economy are receiving and therefore tells us something about how much these residents can afford.

Macro

5. Give one particular example that could be used 

to criticize the GDP as a good measure for the economic activity

Many examples possible. One would the missing value of house work. Statistics simply ignore this source of value that is indeed created in an economy.

Macro

Statistics try to capture the macroeconomic level of prices for consumption using an approach based on the shopping basket of a representative consumer. Try to explain in a few sentences how this approach in general works (no numbers or quantities needed)?

Statistics is asking consumers about their habits using representative surveys (Umfragen). This captures how consumers spread their expenditures(Ausgaben) across all the necessary consumption goods and services. After averaging over all the individual answers, statistics knows how the representative shopping basket of the representative consumer looks like. We can use this shopping basket later on to trace the total amount needed to cover all these expenses.

Macro

Typically, the level of prices is published as an index value. In case of the HICP, currently the year 2015 is chosen as the base year where the index takes a value of 100. For Germany, the index took a value of 105.1 in January 2020. What is this number telling you? How should it be interpreted?

This number is telling you that during January 2020 the price for the representative shopping basket covering all the goods and services consumed by the representative consumer was 5.1% higher than during the year 2015.

Macro

The rate of inflation in consumer prices is a crucial (kritisch) number in macroeconomics. How would you compute the annual rate of inflation give numbers of the HICP in general?

In general, the annual rate of inflation is simply the relative change in the HICP over a period of 12 months.

Macro

In chapter 3, we discussed price stability. What kind of definition for price stability is applied in the Euro area and who is responsible for maintaining price stability?

The European Central Bank (ECB) is responsible. Price stability according to the ECB means: On average and over several years a rate of inflation just below 2% p.a. measured by the Harmonized Index of Consumer Prices for the total Euro area.

Macro

Throughout chapter 3, we focused on prices/inflation based on the HICP. Why did we do so?

Because the HICP (Harmonised Index for Consumer Pricesfor the total Euro area is the key indicator used by the ECB. The ECB is closely monitoring this quantity and is deciding on monetary policy to achieve price stability defined by question 5.

Macro

What are the key assumptions in Keynesian macroeconomics that make it distinct from other macroeconomic theories? How are the related to what is known as market pessimism?

The key assumptions are that prices for goods/services and wages paid to employees are fixed in the short run. I.e. we have a type of market imperfection. Firms are unable to change prices and the labor market with all its participants is unable to yield an adjustment in the wages. Hence, Keynesians are pessimistic about the markets’ abilities in the short run.

Melde dich jetzt kostenfrei an um alle Karteikarten und Zusammenfassungen für Macro an der Hochschule Pforzheim zu sehen

Singup Image Singup Image
Wave

Andere Kurse aus deinem Studiengang

Für deinen Studiengang Macro an der Hochschule Pforzheim gibt es bereits viele Kurse auf StudySmarter, denen du beitreten kannst. Karteikarten, Zusammenfassungen und vieles mehr warten auf dich.

Zurück zur Hochschule Pforzheim Übersichtsseite

BWL2

Macronomics an der

Universität Wien

Makro an der

Universität Magdeburg

Makro an der

Hochschule Fulda

Makro an der

Fachhochschule Dortmund

Makro an der

TU Dortmund

Ähnliche Kurse an anderen Unis

Schau dir doch auch Macro an anderen Unis an

Zurück zur Hochschule Pforzheim Übersichtsseite

Was ist StudySmarter?

Was ist StudySmarter?

StudySmarter ist eine intelligente Lernapp für Studenten. Mit StudySmarter kannst du dir effizient und spielerisch Karteikarten, Zusammenfassungen, Mind-Maps, Lernpläne und mehr erstellen. Erstelle deine eigenen Karteikarten z.B. für Macro an der Hochschule Pforzheim oder greife auf tausende Lernmaterialien deiner Kommilitonen zu. Egal, ob an deiner Uni oder an anderen Universitäten. Hunderttausende Studierende bereiten sich mit StudySmarter effizient auf ihre Klausuren vor. Erhältlich auf Web, Android & iOS. Komplett kostenfrei. Keine Haken.

Awards

Bestes EdTech Startup in Deutschland

Awards
Awards

European Youth Award in Smart Learning

Awards
Awards

Bestes EdTech Startup in Europa

Awards
Awards

Bestes EdTech Startup in Deutschland

Awards
Awards

European Youth Award in Smart Learning

Awards
Awards

Bestes EdTech Startup in Europa

Awards
X

StudySmarter - Die Lernplattform für Studenten

StudySmarter

4.5 Stars 1100 Bewertungen
Jetzt entdecken
X

Gute Noten in der Uni? Kein Problem mit StudySmarter!

89% der StudySmarter Nutzer bekommen bessere Noten in der Uni.

50 Mio Karteikarten & Zusammenfassungen
Erstelle eigene Lerninhalte mit Smart Tools
Individueller Lernplan & Statistiken


Lerne mit über 1 Millionen Nutzern in der kostenlosen StudySmarter App.

Du bist schon registriert? Hier geht‘s zum Login