SlideShare ist ein Scribd-Unternehmen logo
1 von 16
Downloaden Sie, um offline zu lesen
Today
                         New Notation
                           Introduction
Wages and Profits in the OPEN economy
                Equations of the Model
                          Steady State




                       EC6012 Lecture 9
                   The Really OPEN Economy


                            Stephen Kinsella

                             Dept. Economics,
                            University of Limerick


                              April 30, 2007



                       Stephen Kinsella   EC6012 Lecture 9
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides
EC6012 The OPEN Economy Slides

Weitere ähnliche Inhalte

Mehr von Stephen Kinsella

Stock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based ModelsStock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based ModelsStephen Kinsella
 
Stock flow modelling and agent based modelling
Stock flow modelling and agent based modellingStock flow modelling and agent based modelling
Stock flow modelling and agent based modellingStephen Kinsella
 
Modeling Aggregation and Interlinkages
Modeling Aggregation and InterlinkagesModeling Aggregation and Interlinkages
Modeling Aggregation and InterlinkagesStephen Kinsella
 
Irish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow TalkIrish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow TalkStephen Kinsella
 
Regulation a European Perspective
Regulation a European PerspectiveRegulation a European Perspective
Regulation a European PerspectiveStephen Kinsella
 
Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?Stephen Kinsella
 
Visualising Consitutional reform
Visualising Consitutional reformVisualising Consitutional reform
Visualising Consitutional reformStephen Kinsella
 
International Economics Guest Lecture
International Economics Guest LectureInternational Economics Guest Lecture
International Economics Guest LectureStephen Kinsella
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryStephen Kinsella
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryStephen Kinsella
 
EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2Stephen Kinsella
 
US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?Stephen Kinsella
 
Social Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and ResearchSocial Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and ResearchStephen Kinsella
 
A Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple CriteriaA Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple CriteriaStephen Kinsella
 

Mehr von Stephen Kinsella (20)

Stock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based ModelsStock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based Models
 
Stock flow modelling and agent based modelling
Stock flow modelling and agent based modellingStock flow modelling and agent based modelling
Stock flow modelling and agent based modelling
 
Accesstalk pdf
Accesstalk pdfAccesstalk pdf
Accesstalk pdf
 
Modeling Aggregation and Interlinkages
Modeling Aggregation and InterlinkagesModeling Aggregation and Interlinkages
Modeling Aggregation and Interlinkages
 
Irish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow TalkIrish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow Talk
 
Regulation a European Perspective
Regulation a European PerspectiveRegulation a European Perspective
Regulation a European Perspective
 
Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?
 
Buy Limerick.
Buy Limerick.Buy Limerick.
Buy Limerick.
 
Buy Limerick.
Buy Limerick.Buy Limerick.
Buy Limerick.
 
Peer Review Guidelines
Peer Review GuidelinesPeer Review Guidelines
Peer Review Guidelines
 
Budget2011: Where to now?
Budget2011: Where to now?Budget2011: Where to now?
Budget2011: Where to now?
 
Visualising Consitutional reform
Visualising Consitutional reformVisualising Consitutional reform
Visualising Consitutional reform
 
International Economics Guest Lecture
International Economics Guest LectureInternational Economics Guest Lecture
International Economics Guest Lecture
 
The Margins of Viability
The Margins of ViabilityThe Margins of Viability
The Margins of Viability
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic Recovery
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic Recovery
 
EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2
 
US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?
 
Social Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and ResearchSocial Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and Research
 
A Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple CriteriaA Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple Criteria
 

Kürzlich hochgeladen

A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024Results
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsMaria Levchenko
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationMichael W. Hawkins
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Scriptwesley chun
 
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUK Journal
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking MenDelhi Call girls
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationRadu Cotescu
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdfhans926745
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityPrincipled Technologies
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024Rafal Los
 
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?Igalia
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)wesley chun
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Igalia
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024The Digital Insurer
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationSafe Software
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Miguel Araújo
 

Kürzlich hochgeladen (20)

A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day Presentation
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Script
 
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivity
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 

EC6012 The OPEN Economy Slides

  • 1. Today New Notation Introduction Wages and Profits in the OPEN economy Equations of the Model Steady State EC6012 Lecture 9 The Really OPEN Economy Stephen Kinsella Dept. Economics, University of Limerick April 30, 2007 Stephen Kinsella EC6012 Lecture 9