Macroeconomics (Felipe Larraín Bascuñán, 2020)

-


  • General terms
    • Gross domestic product (GDP)
    • Purchasing power parity (PPP)
    • World happiness index (WHI)
    • Human development index (HDI)
    • Gross national income (GNI)
    • Total factor productivity (TFP)
  • Banking
    • Gresham's law: bad money drives out good, the more valuable money in circulation will be hoarded.
    • Reserve requirement: the amount a bank has to keep in hard assets before lending out.
    • Quantitative easing (QE) is a federal reserve program while long-term refinancing program (LTRO) is a European Central Bank (ECB) program.
    • Fixed exchange rate system can be implemented to reduce trading loss.
    • Credit crunch: reducing the loan eligibility.
  • Notable abbreviations
    • North American Free Trade Agreement (NAFTA)
    • Economic Co-operation and Development (OECD)
    • International Monetary Fund (IMF)
      • Compensatory and Contingency Financing Facility (CCFF)
      • Flexible Credit Line (FCL)
      • Precautionary Liquidity Line (PLL)
    • World Bank Group (WBG)
      • International Bank for Reconstruction and Development (IBRD)
      • International Development Association (IDA)
      • International Finance Corporation (IFC)
      • Multilateral Investment Guarantee Agency (MIGA)
      • International Centre for Settlement of Investment Disputes (ICSID)
    • World Trade Organisation (WTO)
      • General Agreement on Tariffs And Trade (GATT)
      • Trade-Related Aspects of Intellectual Property Rights (TRIPS)
    • Institute of Statistic and Censuses (INDEC)
    • Foreign Direct Investment (FDI)
  • Inflation: a tax on the possession of money that does not require legislative approval.
    • Sacrifice coefficient: draw recession to reduce inflation but increase unemployment.
    • A country’s economy can affect the salary, employment and unemployment rate.
    • Persist effects can enter into a hysteresis phenomenon.
  • Consumption
    • Honeymoon effect: things that last only a short while.
    • Substitution effect: consumer switching to a cheaper alternative.
    • Income effect: consumer demand better service or product.
  • Globalisation
    • The more a country invests, on average it will grow faster.
    • Deterioration of natural resources is a negative investment as it reduces the future productive capacity.
    • Economic fluctuation is the economic or business cycle.
    • Recession self-fulfilling prophecies where everyone thinks there is a recession so nobody invests.
    • After world war 2, north korea was controlled by the soviets while south was controlled by the USA.
      • South Korea implemented a pro-market institution that promotes competition and allows free flow of goods, capital and people.
      • In 2016, South Korea's GDP was more than 20 times of North Korea.
    • Currency wars occur when countries try to deliberately depreciate exchange rates to gain a competitive advantage.


Comments

Post a Comment

Popular posts from this blog

Kokology Questions & Answers

-
[These are extracts only, to see the full details kindly purchase the original book] Kokology is the study of kokoro (Japanese: 心) which in the aforementioned language means "mind" or "spirit". ... The books were published in 1998 in Japan and became a Japanese bestselling phenomenon. The books were translated and became available in the United States in 2000. Below are some questions and answers for sharing: A Desert Journey Boring class settings, you drifted away and enter the eternal desert... 1. You are riding a camel and you are near exhaustion, what will you say to the camel? 2. Before you die of thirst, a traveler point to you a oasis, who is this person you know? 3. You finally come to your destination which is a town, what is your feeling? 4. After you dismount, another person took over, who is this guy? - 1. What happened when love is lost? 2. Who always help or comforted you? 3. What is your feeling after getting past lost love?...
Read more

Neuro-Linguistic Programming Models Summary (02 of 14)

-
GeneraliSation The The Meta Model generaliSations make explicit the way we summarise and categorise our experiences. Generalisations are basically the rules we use to manage life. There are usually exceptions or counter examples to rules. These rules and categories create self-imposed or company wide limitations. Examining these limitations is a powerful problem solving strategy. By generalising one or a few experiences, we can figure out what to do in a different experience. We learn to drive a particular car, and then use that experience to drive a new one. If we weren’t able to generalise, we would have to learn how to drive all over again. Problem Solving Examining categories and generalisations is an excellent creative problem solving strategy. What are the experiences that come to mind when you think of money for instance? We typically use an emotionally charged experience to stand in for all our experiences in a category. We generalise and categorise all kinds ...
Read more

Neuro-Linguistic Programming Models Summary (11 of 14)

-
The Inner Hero Pattern Beat the drum and let the poets speak. This is the day of purification for those who Are already mature and initiated into what love is. No need to wait until we die! There’s more to want here than money And being famous and bites of roasted meat. --Rumi Life can be lived in many ways. You can make it about making money or winning at all costs, or pleasing other people, or perhaps never standing out. Or you can live your life as a great journey of consciousness, one filled with many challenges and surprises, one that makes a positive contribution to the world. I want to talk here a bit about these different paths, emphasising that the Self-Relations approaches of Generative Self and Generative Trance are especially tools for supporting the latter path. Life as a journey has been described by many people, most notably the mythologist Joseph Campbell.  Campbell (1949; Gilligan and Dilts, 2009) studied the stories of many different cultur...
Read more