Greece and the European Union (EU) are making headlines again these days. The current government in power in Greece wants to renegotiate bailout money they received from international lenders, the Euro Zone and the International Monetary Fund (IMF). Greeks put the new government in power hoping that austerity measures that make their lives more difficult […]
Sharing power has been the norm for the United Kingdom (UK) for years. But recently concluded UK elections gave enough seats in the parliament for the current Conservative party Prime Minister David Cameron to form a government without having to seek help from any other party. It may be somewhat unexpected but the win has […]
By Samuel Phineas Upham Understanding the limits of demands for a particular good is an important part of macroeconomics. If a country has an export, it needs to consider how important that good is to both the rest of the world and the local economy. The aggregate demand represents how much households are willing to […]