3. Agriculture
Finland's climate and soils make growing crops a particular challenge. The country lies between 60° and 70° north latitude - as far north as Alaska - and has severe winters and relatively short growing seasons that are sometimes interrupted by frosts. However, because the Gulf Stream and the North Atlantic Drift Current moderate the climate, Finland contains half of the world's
‘공룡’정책이 죽었는가?에 대한 고찰 – 공룡의 멸종과 경제정책
This book began with a loose comparison between the dinosaurs' extinction 64million years ago and the waning of several once-familiar doctrines of economic policy during the 1980s.
6천4백만 년 전의 공룡의 멸종과 1980년대의 몇몇 비슷한 경제정책의 교리가 사라짐에 대해
Seriousness of Climate Change
Temperatures around the world have increased -> melting glaciers and rising sea levels
Change of habitats, wildlife, cultures, artifacts and the life of humans.
changes in ecosystem, rainfall, desertification. -> flood, drought, typhoons, yellow dust, heat wave
Seriousness of Climate Change
-Temperatures around the world have increased -> melting glaciers and rising sea levels
-Change of habitats, wildlife, cultures, artifacts and the life of humans.
-changes in ecosystem, rainfall, desertification. -> flood, drought, typhoons, yellow dust, heat wave
2. Policy Analysis with Partial Capital Mobility
• Expansionary fiscal policy, fixed exchange rates
IS curve shifts right, Y and R increase.
Higher R increases foreign capital inflow.
• Creates BP surplus and upward pressure on currency.
Central bank intervenes in the foreign exchange market.
• Buys excess foreign currency.
Incr