HaidyBalbuena

@HaidyBalbuena (3)

Philippines • Age 31

Joined myLot 12 years ago

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HaidyBalbuena's Activity

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

HaidyBalbuena Economic growth cannot be equated with economic growth. There is a real big difference between the two concept. A a future economist, I prefer for Economic development over economic growth. Let me justify this by details: Economic Development vs...

27 Sep 12

Third and Final Macroeconomic Question: Money and the Economy

socballais @socballais (71) • Philippines 25 Sep 12

How do changes in the amount of money in the economy affect output, growth, unemployment and inflation?

49 responses

HaidyBalbuena Money Supply in the Economy of a certain country affects output, growth, unemployment and inflation rate by its either increased or decreased pressures on interest rates which in turn, has to be kept on a favorable balance. Let me discuss this scenario on a...

26 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

HaidyBalbuena I'll be direct with the question. As a student in the Tertiary or Collegiate level, is it actually possible to venture into Macroeconomics without studying Microeconomics (in a collegiate course). Hence, Microeconomics is a key area being focused and...

26 Sep 12