Introduction to Macroeconomics in the Global Economy

• Introduction: Structural Adjustment Programs
  • What is Economics ?
    • Definition
    • Scarcity and Choice
  • What is Structural Adjustment?
    • Definition
    • What we need to learn
• Economic Systems
  • 5 Fundamental Questions
  • A Continuum
  • Criteria
  • Types of Economic Systems
    • Pure Capitalism
    • Command Economy
    • Mixed Systems
• Structural Adjustment Policies
  • Privatization
  • Promotion of Competition
  • Reduced Role of Government
  • Removing Price Controls
  • Freer Trade and Convertible Currency
  • foreign Investment
  • Other
• Goals of SAPs
  • full employment
  • low inflation
  • economic growth
• Problems
  • Inflation
  • Falling output and living standards
  • Inequality and social costs
• VIDEO (Poland) and Conclusions
  
• WHY?
  • Why is the world moving to capitalism and free trade?
  • And why are people protesting these changes?