4) Explain the two main differences in the assumptions made by
the Classical and Keynesian theories and the consequences of these
for the business cycle?
4) Explain the two main differences between the Classical and
Keynesian theories of the business cycle?
8) A) What is GNP?
B) What is the relationship between GNP and NNP?
There are two major economic theories – Classical and Keynesian.
Classical theory is closely aligned with what is popularly known as
capitalism, while Keynesian theory forms much of the foundation for
socialism.
4) Capitalism is based largely on the idea of individualism and
liberty, or freedom. Individualists see the person and all their
unique characteristics rather than their identification in certain
groups. Capitalists also view human freedom as a high priority
where individuals can largely responsible for determining their own...
What are the differences and similarities among the New
Keynesian, Monetarist and Neo-Classical models in terms of
their predicted outcomes? How do the different assumptions of the
models result in policy debates among their respective
adherents?
The differences between Classical, Keynesian, Monetarist, and
how each of the school of thought stands for with regard to
economic policies; Their differences in their view with regards to:
wages and prices, AS curve, Monetary policy or Fiscal policy.
1. Compare and contrast The Classical and Keynesian
Theories.
2. Keynesian Theory played an important role in The Great
Depression. Discuss. Read the website
http://www.huppi.com/kangaroo/Keynesianism.htm for more insight
about The Great Depression.
What are the Theories and Philosophy’s of Corporate
Governance, and how do they differ?
a. Agency Theory
b. Stewardship Theory
c. Transaction Cost Theory (Coase)
d. Resource Dependency Theory
e. Managerial Hegemony Theory
f. Class Hegemony Theory
Regarding the classical, Keynesian, monetarist, and new
classical (DSGE) theories, explain the historical context in which
each was developed and rose to prominence within economics. Discuss
the key assumptions of each theory and explain the resulting policy
implications.