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Definitions of inflation, hyperinflation, disinflation, and deflation. Cost-push and demand-pull inflation. Major economic indicators.3. Monetary and Fiscal PolicyFunctions of Money. Definitions of Money. The money creation process. The Quantity Theory of Money. The Fisher Effect. The monetary transmission mechanism. Roles and objectives of monetary/fiscal policy. Limitations of monetary/fiscal policy. Costs of expected and unexpected inflation. Effective tax policy. Qualities of effective central banks. The interaction between monetary and fiscal policy.4. International Trade and Capital FlowsGross Domestic Product vs. Gross National Product. Absolute advantage vs. Comparative Advantage. Ricardian and Hecksher-Ohlin models of trade. Types of trade and capital restrictions and their economic implications. The Balance of Payments. Functions and objectives of major international organizations that facilitate trade.We are happy to offer an unconditional 30-day money-back in full guarantee. No risk for you. The content of the course is excellent, and this is a no-brainer for us, as we are certain you will love it.Why wait? Every day is a missed opportunity.Click the “Buy Now” button and become a part of our Macroeconomics training today.
