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Global web tutors is an Online Macroeconomics Coursework help provider for Macroeconomics assignments & homework . Our Macroeconomics assignment help services & Online Macroeconomics experts are available 24/7 to provide solutions for Macroeconomics assignment problems. Online Macroeconomics experts are helping students struggling with Macroeconomicss assignment questions across the globe. 

 

MACROECONOMICS

 

Macroeconomics is that branch of economics which is concerned with large scale economic factors. It even includes national, regional and global economy. It’s that subject which involves excess knowledge about the elements which affect the economy. It deals with the performance, structure, behavior and decision-making process of an economy.

Macroeconomics is that subject which is responsible for all short term as well as long term planning of society. It is run by government and large organizations which assess various policies and business strategies. Various topics included are as follows:

  • Demand and supply
  • Production cost
  • Foreign exchange
  • Rate of elasticity
  • Income

There is a large difference between microeconomics and macroeconomics that later deals with wide implications within the society. It is responsible for issues like unemployment rates, GDP and other rise and fall in the society. Here we are dealing with subjects of payments, economy booms, recession, interest rates, output, money, banking, financial market, market equilibrium.

We all are familiar with the concepts of income and GDP (Gross Domestic Products) they both play a very significant role in determining the economic growth of any nation. Macroeconomics is concerned with the market system at a large scale.

A macroeconomists evaluates the performance of a country and provides models to establish a relationship between various factors related to economy such as relationship between output, consumption, nation income, unemployment, investment, savings etc.

Various software used for macroeconomics:

  • LaTex: It’s a text file with a markup that needs to be produced in text editor and finally compiled to PDF format. MikTex a free windows version and TeX Live a free cross-platform version of LaTex.
  • Gret1: An alternative to E-views for point-and-click econometrics which is used by institutions in U.S. as well as Europe.
  • Stata: Gold standard for many Empirical Researchers. It includes user-provided packages and has a text interface.
  • Gauss: Matrix programming language produced by Aptech systems having large number of followers.

Various areas of macroeconomics are as follows:

  • Inflation and Deflation: Inflation can be understood as increase in price of goods and fall in purchasing value of money. With deflation we understand that it is reduction in price levels in an economy. But as we know anything in excess is not worth so excess of inflation or deflation is not good for the economy. We are familiar with the fact that overheated economy leads to inflation while a declining economy leads to deflation.
  • Unemployment: It represents how much percent of workers are without any job. This figure is estimated using unemployment rate. Under this figure we count those people who are active in the market and exclude those pursuing their education. Frictional unemployment and Classical unemployment problems are the two categories in which unemployment is categorized.
  • Income and output phenomena: Our economy works on the principle that selling things would generate income. National output is defined as the summation of total country’s production in a given period of time.
  • Fiscal Policy: To influence the economy we use government’s revenue and expenditure under this policy. Healthy economy results in positive Fiscal deficit.
  • Monetary Policy: This policy is looked up by Central Bank and they can even change the repo and reverse repo parameters into the system to control the flow of money.

Dynamic Stochastic General Equilibrium (DSGE): It is a branch of applied general equilibrium which is influenced by contemporary macroeconomics. It explains the phenomena of economic growth, business cycles, effect of monetary and fiscal policy. DSGE consists of the following economic components:

  • Preferences: It must have specified objects in the economy. Here firms must be assumed to maximize the profits.
  • Technology: The productive capacity of agents must be specified. To have production function we must assume firms specifying the amount of goods produced, labors, capital etc. Technological constraints might include the cost of products, employment relations, capital stocks etc.
  • Institutional framework: It must specify the economic interactions. It means that agents must obey all the externally imposed budget constraints. It specifies the rules of monetary and fiscal policy, even tells how policy rules and budget constraints can be changed depending on political processes.

Investment Saving - Liquidity Preference Money Supply (IS-LM Model): It graphically represents two intersecting curves. The IS curve determines the variation of income-expenditure model with market interest rates, while the LM curve determines the supply amount.

The graphical representation is done in such a manner that GDP (Y) is placed on horizontal axis and the nominal interest rate (I or R) is placed on the vertical axis. This curve represents limited convexity or concavity.

Structural Vector Auto Regression (SVAR is an advanced a linear representation of multivariate representations of vector of observables on its own lag and the other variable as a constant. SVARs are used by economists to recover economic shocks from observables by imposing a minimum of assumptions compatible with a large class of models. One of the most popular tool in analysis of monetary transmission mechanism.

Linear Quadratic Dynamic Programming (LQDP): Linear Quadratic (LQ) refers a field of dynamic optimization problems having applications in all scientific fields. Dynamic Programming is knowledge of optimal management policies and can be molded via linear quadratic structures. 

We have a number of reasons for non-linear dynamic optimization problems in macroeconomics in approximation to LQ:

  1. Characterization of time consistent and equilibrium for single policy maker
  2. Equivalence property results in optimal rules are independent of variance-covariance matrix of additive disturbances
  3. Decompose the policy into deterministic and stochastic components
  4. Stability of system is defined in terms of eigen values

Various advanced topics included are as follows:

  • Payments, balance
  • AS-AD Model
  • Stabilization policy
  • Keynesian Model
  • Globalization
  • Non linear DSGE Models
  • Linear Dynamic Rational Expectations (RE) Models

We are including these major topics in are learning work such as big push theory AK Model, International development, money supply, exchange rate policy, demographic transition, Vector Auto-Regressions. To learn more about our services regarding macroeconomics you can drop us a mail and we are always there to provide you with our best services. Students can access to the assignments and our experts are available 24x7 to make your studies go easy.

Macroeconomics is focused on the movement and trends in the economy as a whole, while in microeconomics the focus is placed on factors that affect the decisions made by firms and individuals.

Macroeconomics Coursework help , Help with Macroeconomics Assignments

  • Dynamic Equilibrium Models Two-Period Economies, Growth and Business-Cycle Models
  • Difference Equations and Linear Dynamic Models
  • Consumption and Tax Smoothing
  • Macroeconomic data
  • Financial Markets
  • Consumption theories
  • Theories of Investment
  • Government Spending
  • IS-LM/MP
  • Phillips Curve
  • The International Market
  • Measures of Macroeconomic Performance: Output & Prices
  • Saving, Wealth & the Real Interest Rate
  • Unemployment & the Labour Market
  • Business Cycles A Model of Output Determination - The AE Model
  • Fiscal Policy
  • Financial System, Money, Prices & RBA Monetary Policy & the RBA
  • A Model of Output & Inflation – The AD-AS Model
  • Macroeconomic Policy Open Economy: Exchange Rates
  • Open Economy: Capital Flows
  • Economic Growth
  • A model of production
  • Exogenous growth Solow-Swan growth model
  • Endogenous growth Ideas and the Romer model
  • Labour Market, Wages, and Unemployment
  • Inflation
  • Short Run
  • A short-run model And the IS curve
  • Classic Model of IS/LM and AD/AS
  • Monetary Policy and the Phillips Curve
  • The AD-AS model and the Great Financial Crisis
  • The Great Recession and DSGE
  • Math Refresher
  • Ramsey Taxation
  • Fiscal Policy
  • Basic Concepts of Money
  • Monetary Policy

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