Question

international relations Course

the definitions must both define the term and explain why it is significant for this course, i.e., why are we studying it in this course. So standard answers would include two sentences, with the first sentence defining the term and the second speaking to why it is significant.

could some one help me with this please.

31. Classical liberalism
32. Supply-side economics
33. Demand-side economics
34. Keynesianism
35. Historical Utilitarianism
36. Pragmatism
37. Anti-egalitarianism
38. Human perfectibility
39. Socialism
40. Marxism

Answer 1

31. "Classical liberalism" is the term used to designate the ideology advocating private property, an unhampered market economy, the rule of law, constitutional guarantees of freedom of religion and of the press, and international peace based on free trade. The idea of maintaining international peace through free trade and globalization is important for international relations.

32. Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation to foster international trade and hence, it is based on three pillars- tax policy,monetary policy and regulatory policy.Supply side economics is important to understand the role of regulations for international trade.

33.Demand-side economics refer to Keynesian economists' belief that demand for goods and services drive economic activity.This theory is important to understand the effects of globalization; especially on labour market.

34.Keynesianism is a theory that says the government should increase demand to boost growth i.e. expansionary fiscal policy.This is similar to demand side economic theory.