Suggested Certification for Economist

membership certificate of the Chartered Economists - aafmindia.co.in, Certification in Economics - aafm.us
Recommended Book 1 for Economist

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Recommended Book 2 for Economist

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Recommended Book 3 for Economist

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Recommended Book 4 for Economist

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Recommended Book 5 for Economist

Recommended Book 5 for Economist

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Interview Questions and Answers

A recession is a significant decline in economic activity lasting for several months. A depression is a severe and prolonged economic downturn.

International trade involves the exchange of goods and services between countries.

Benefits include increased competition, access to a wider variety of goods and services, lower prices, and economic growth.

An exchange rate is the price of one currency expressed in terms of another currency.

Economic development refers to the sustained improvement in the standard of living of a countrys population, including income, health, education, and other indicators of well-being.

Types include frictional unemployment (temporary unemployment due to job transitions), structural unemployment (mismatch between skills and available jobs), cyclical unemployment (due to economic downturns), and seasonal unemployment.

Fiscal policy refers to the use of government spending and taxation to influence the economy.

Monetary policy refers to the actions taken by a central bank to control the money supply and credit conditions in order to influence economic activity.

The Federal Reserves (or other central banks) main roles are to conduct monetary policy, supervise and regulate banks, and maintain the stability of the financial system.

GDP (Gross Domestic Product) is the total value of all final goods and services produced within a countrys borders in a specific period. It can be calculated using the expenditure approach (C + I + G + (X - M)), where C is consumption, I is investment, G is government spending, X is exports, and M is imports.

Unemployment refers to the number of people who are actively seeking work but are unable to find it. It is typically measured as the unemployment rate, which is the percentage of the labor force that is unemployed.