jonalejaneth

@jonalejaneth (4)

Philippines • Age 32

Joined myLot 14 years ago

Discussions (0)

Responses (4)

jonalejaneth's Responses

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

jonalejaneth For me i choose economic development ,because economic development concerned is to create more and better goods and serves-es to the economy and also development means more than imposing buildings,beautiful houses, elegant cars and modern machines. we also...

29 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

jonalejaneth for me microeconomics comes first, it is because we all know that it looks at the decisions of individual units. It also focuses on the choices made by individual decision units such as house holds producers and firms. resource allocation decision are made by...

29 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

jonalejaneth For me, it is not necessary to take either microeconomics or macroeconomics first because both courses gain information about supply and demand from the beginning. In both courses you learn reinforcement in the fundamental principles of economics.

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

jonalejaneth Inflation affects economy when the amount of money changes in negative ways by shortages of goods as consumers begin thinking out of concern that prices will increase in the future. When the general price level rises each units of currency buys fewer goods and...

27 Sep 12