Thursday, March 5, 2020
What is Macroeconomics
What is Macroeconomics Finding a Simple Macroeconomics Definition ChaptersMacroeconomic Factors in an EconomyExamples of Macroeconomic PolicyWhat is Macroeconomics? Finding an AnswerEconomics can be a difficult subject to study, regardless of whether you are studying the subject at GCSE, A-Level, or at a university. One of the main challenges of economics is that there are so many different terms and economic issues that students are expected to be familiar with.Failure to understand these core economic concepts and any underlying principles of economics can lead to difficulty following classes and moreover can make your learning experience that much more taxing.Luckily, thereâs help at hand. The below article examines one of the most common terms youâll encounter during your economics study â" macroeconomics â" and provides examples of where you may encounter macroeconomic policy.Of course, if you still find yourself struggling to get to grips with the definition of macroeconomics, then thereâs always extra support on hand through the help of a tutor, such as the economics tutors near me that are available for hire via Superprof.Common macroeconomics definitionsAs a general rule, macroeconomics is considered to be the study of the economy in aggregate. This means that macroeconomics takes a large-scale look at economic activity and examines how the economy as a whole behaves and operates.Although there are other areas of economics you can study, such as how an individualâs behaviour can influence economic outcomes, such studies belong to the areas of microeconomic analysis or behavioural economics, and so are not generally considered within macroeconomics.However, microeconomics â" a âbottom-upâ study of economics and the economy, with a focus on individuals or companies â" is not mutually exclusive from macroeconomics. Often, issues that concern macroeconomics, such as unemployment in an economy or wages, will also interest economists specialising in microeconomics, although they may look at the issue from a slightly different perspective.If youâre looking for a more specific definition of macroeconomics, then there are a variety of sources and economists that you can turn to for clarification.For instance, take John Maynard Keynes, who is considered to be the father of modern macroeconomics and is mentioned in many an economics textbook. In one of his most famous works, âThe General Theory of Employment, Interest and Moneyâ and in subsequent writings, Keynes argued that economic output is influenced by factors such as aggregate demand, which could be improved by stimulating government spending as well as by lowering taxes.These thoughts laid the foundation for macroeconomics as we know it today, and spawned Keynesian economics, which is a particular school of economic thought.Although not every economist is a fan of Keynesâ ideas, their influence was widely felt throughout the twentieth century, and there are still proponents of his theories today, most commonly under the scho ol of new-Keynesianism.Of course, macroeconomics is not just an economic theory, as it has also shaped a number of different economic models and policies, which are examined in further detail below.Macroeconomic factors can explain changes, both positive and negative, to a nation's economy. (Source CC0 1.0, Gresham College, Flickr)Unemployment;Fiscal policy; orInflationHowever, there are a variety of items that can have a huge impact on the economy and so would fall within the remit of macroeconomic study, so macroeconomic analysts are not confined to examining the areas listed above.For example, there are a variety of macroeconomic factors that may have positive or negative effects on an economy. For example, natural disasters, such as the recent volcano eruptions in Hawaii, can be considered to be negative macroeconomic factors, as they have a downward effect on a local or national economy.This can be due to many reasons, including a depletion of natural resources, destruction of places of work or factories, or a displaced population.Another example of a negative economic factor is the recent global financial crisis, which began in the U.S.A. in 2007. The crisis led to economic downturns across the globe and is a key example of how macroeconomic factors do not always bring positive changes to an economy.There are also a number of factors which can be positive for an economy. For example, reducing the costs of goods and services can lead to increased demand for that service or product. Over time this should lead to increased revenue for those suppliers, and hopefully, the economy at large.The financial crisis in 2008 is a great example of what a student of macroeconomics might learn about. (Source: CC0 1.0, geralt, Pixabay)Examples of Macroeconomic PolicyThere are many examples of macroeconomic policy the world over, and the more you look for it, the easier it becomes to find examples of such policies.Broadly speaking, those that study macroeconomics examine one of two areas in the economy. For example, economists either study the business cycle, which looks at the cyclical nature of the production of goods and services. Usually, the performance of a business cycle is measured through GDP.Alternatively, macroeconomists tend to study what drives growth in the economy. Both methods of study keep to the core tenants of macroeconomics, namely, examining the factors that influence the economy in the aggregate.Macroeconomics is a hugely important area when it comes to setting policy objectives and measures, whether those policies are set by international bodies or governments. Such policies are aimed at encouraging growth within an economy, or to curb any slowdown that an economy may face.Often, policies that are likely to have been influenced by macroeconomics include items such as:Measures to increase employment within an economy;Setting national inflation targets;The current interest rates set by central banks; orThe rate of corporation an d individual tax rates that apply from tax year to tax year.Of course, analysis of macroeconomic factors does not in itself dictate what economic, fiscal, or monetary policies that a government may adopt. Naturally, governments are often elected with a particular mandate, and so the policies that they introduce during their time in power may well represent their own political priorities and beliefs.For this reason, there can often be disagreements around what economic policies or models are most effective for an economy, and thereâs unlikely to be any consensus between political parties the world over on this matter anytime soon. As such, macroeconomics should be viewed as one of the many tools that can be used to shape policy, but not the be all and end all in itself.Macroeconomics has an impact on economic policies adopted by governments. (Source: CC BY-SA 3.0, Nick Youngson, Alpha Stock Images)What is Macroeconomics? Finding an AnswerAs weâve seen above, macroeconomics is pr imarily concerned with the study of the economy as a whole, on an aggregated level.As a distinct area of economics, macroeconomics is quite separate from other fields of economic studies, such as microeconomics, which is considered the âother sideâ to economics study. If you enjoy looking at the bigger picture and want to try and understand just how global and local economies operate the way they do, then you may find that you naturally gravitate to key areas of macroeconomic studies, such as:Employment or unemployment;Factors that influence gross domestic product; andRates of inflation.Naturally, as macroeconomics is a significant area of economic study, itâs highly likely youâll have to learn more about macroeconomic theories and policies, such as those described above, throughout your economics classes or lectures.Regardless of whether youâre an A-level or university economics student, if you donât enjoy studying macroeconomics then you may struggle at some point duri ng your studies. This is because, for better or worse, macroeconomics features in almost every school curriculum and university degree course.As such, if you know that you want to study economics at university, whether as a single or combined degree subject, but you just can't get to grips with the basics of macroeconomics, then it may be time to reach out for a helping hand.Although there are ways you can teach yourself about economic problems found in macroeconomics, many people find that an easier solution is to find an economics tutor to help you in your macroeconomics studies. In many ways, an economics tutor is a perfect way to help motivate you and help unlock the aspects that you find most appealing about macroeconomics.Equally, even if youâre comfortable with macroeconomic areas, but would just like a tutor to give you some more question and exam practice, then there are plenty of economics tutors out there to help as well.Superprof, for example, has a wide range of econo mics tutors who are very happy to help you with your studies, whether you would like local or online tuition. Simply enter in your postcode and the subject youâd like some help with, and youâll be able to find your perfect tutor in no time!Read about international economy here.
When You Translate French to English Watch Out for These 3 Things
When You Translate French to English Watch Out for These 3 Things Megan L. French is one of the most beautiful of the romance languages. Spoken as the official language in 29 countries, French is the second most widely spoken mother tongue in the European Union. Learning to speak and understand any language is a process of immersion. To truly understand and be able to translate French to English means understanding French culture and the idiosyncrasies of the language. One highly effective method for truly understanding a language beyond simply speaking it is to translate French into your mother tongue. When learning to translate French to English, there are three areas that can prove challenging. Idiomatic expressions, false cognates, and slang are three areas that can prove challenging to translate for non-native speakers regardless of the language. To help you get started translating French, letâs take a closer look a how to translate French idioms, false cognates, and slang into English. French Idioms Every language uses idioms on a daily basis. They often hold either a cultural or historical place in the language so itâs best to memorize them if you want to develop a good conversational base in the language. The French language is full of interesting, funny and often colorful idiomatic expressions. Many idioms, or argot have their roots in some unlikely places, while others are very close to expressions in the English language. Learning idioms can be one of the most fun tasks to developing skill in any language. Itâs an excellent way to impress and engage native speakers and it gives you the ability to learn the language beyond the common methods of grammar, gender, sentence structure, and vocabulary. The Benefit of Learning French Idioms Learning French is entertaining, and enriching. Becoming familiar with idioms and their use in conversation is a helpful tool towards fluency and can help you to attain a native speakerâs knowledge of the language. Committing French idioms to memory can take time and you should use care when learning to translate French idioms into English. While some are remarkably similar in meaning, others can have completely different meanings and itâs important to understand them from a cultural standpoint. Common French Idioms And Their English Translations The French have an obsession with the culinary arts and a surprising number of French idioms have culinary origins! While many have drastically different meanings in English, often when you translate French idioms to English, youâll find some that have remarkably similar meanings. Here are some common idioms and their English translations âNe pas être dans son assiette English: to not be on oneâs plate This is a well-known expression with its roots in the culinary world. The English translation is literal, but the actual meaning in French is loosely âto feel under the weatherâ âOccupe-toi de tes oignonsâ English: mind your onions The âculinaryâ based idiom, the literal translation seems silly, but the cultural âtranslationâ is basically âmind your business.â While itâs not a phrase that would be used in polite conversation, it often pops up in more informal social situations. While some idioms (like those above) translate differently than their âcultural interpretationsâ some have remarkably similar meanings in both languages. For example: âPrendre le taureau par les cornesâ English: to take the bull by the horns Others, while literal translations almost match, can have vastly different meanings from a cultural standpoint, like: âAvoir les dents longuesâ English: long in the tooth This is a perfect example. In English, this is almost a derogatory statement that means the person is old. In French, this phrase is actually a compliment meaning âto have ambition.â While most expressions differ slightly and donât use similar words, some match up smoothly with their English equivalents because the idea behind them is almost the same, for example: English phrase: âitâs raining cats and dogsâ French: âil pleut des cordesâ English literal translation: itâs raining ropes And another example: English phrase: âto have other fish to fryâ French: âavoir dâautres chats â fouetterâ English literal translation: to have other cats to whip Cant get enough of these funny French sayings? Check out the video below for even more French idioms. While some idiomatic speech will need to be memorized in order to understand, other colloquialisms can be figured out literally, or culturally. Often, the best course of action is to learn these in the native language, then translate French to English and see how they match up. French False Cognates Cognates are words in two different languages that look similar and mean basically the same thing in both languages. While there are cognates between French and English, youâll need to be careful. While French and English share a linguistic history, there are plenty of âfaux amisâ(false friends) between these two languages. False cognates are words that look the same in each language, but have different meanings, sometimes, vastly different meanings. When speaking with a native French speaker, improperly using these words can easily trick you into saying something senseless or embarrassing that you didnât mean to say at all! Here are some common examples to watch out for: 1. Ancien / Ancient While ancien can mean ancient, itâs primary meaning is âformer.â For example, your ancienne voiture is the car you used to own. A good rule of thumb, if ancien comes before a noun, it usually means former, not ancient or old. 2. Bras / Bras Votre bras means your arm, it doesnât have anything to do with the female undergarment! The French word for bra is un-soutien-gorge. 3. Blesséâ /Blessed Blesser means to wound, physically or emotionally. So for example un enfant blessé isnât a child you are expected to worship, but more likely a child who needs a bandaid! 4. Monnaie / Money Monnaie means loose change. So technically, you could have plenty of money, but no monnaie! 5. Déception / Deception This is a sneaky one! The verb decevoir, the noun déception and the adjective décu all mean being disappointed or disillusioned and not actually deceived. This could be a problem in conversation if you think that someone is accusing somebody of deceiving the, rather than disappointing them. 6. Envie / Envy This is another tricky one, be careful! The verb envier can be used as âto envyâ but the noun envie actually means âto desire.â For example, you could say âJâai envie dâune glaceâ which means âI want ice cream,â but if you mean to say, âI envy youâ be careful not to say âJâai envie de toiâ because youâre actually saying âI want you!â This could prove to be a bit âsticky!â In any case, listen to lots of French pop music as part of your learning and youâll not make this mistake. The phrase comes up a lot! 7. Grand / Grand In French as in English, grand can mean great, as in un grande ècrivan â" âa great writer,â but it can also mean âbig. â Or, when used to describe physical appearance, âtall.â 8. Joli / Jolly Joli(e) means pretty, unlike jolly in English, which means happy or joyous. 9. Journée / Journey This is a common faux ami! Une journée translates to âone day.â So if youâre every whished a âbonne journéeâ they are saying âhave a nice dayâ not wishing you âbon voyage!â 10. Coin / Coin Coin in French means corner, not the change jingling in your pocket! Those would be either pieces or monnaaie. Dans le coin means in the nearby or immediate neighborhood. These are just ten examples of common French false cognates. As you are learning vocabulary, make it a point to recognize, make note of, and memorize the faux ami. It will help you as you translate French to English to make a note of them! Quiz: Can You Spot These French False Cognates? French Slang Every language has expressions and colloquialisms that add color, spice, and ânative status (or âstreet credâ) when spoken. French is no different, and in fact the French slang well is particularly deep, colorful, and rich! Slang is constantly evolving and often the vanguard of the young since expressions can go out of favor quickly. You may be familiar with the slang form known as âle Verlanâ which is created by inverting syllables in a word. Verlan is actually an inversion of the word lâenvers, which means reverse. Many common French slang terms have survived over time like un bouquin for book, and un mec for âa guy,â but with the younger generation a newer form of slang has emerged known as le parler dâjeunes. The French youth of generation âYâ have created a complex style of slang. It incorporates traditional slang, verlan, English and Arabic word and even shorthand SMS messages into their speech, even going so far as to create compound forms like inverting syllables in Arabic words! Remember, as with slang in any language, different interpretations are possible and variations can occur regionally, and even among different age groups. Here are some common French slang expressions for you: ⢠Faire gaffe This is common across generations and in the south. Itâs an alternative to faire attention or watch our, be careful. Remember to conjugate faire properly. ⢠Bosser / Taffer Colloquial version of travailler â" meaning to work. When using the noun, le travail can be replaced with le boulot. ⢠Nickel French slang for âperfect.â When something is ok you can confirm it with this word. ⢠Bouffer / la bouffe informal slang for âto eatâ (manger) or âfood (la nourriture) ⢠Bof / Bah / Euh These are great words to use to give your speech a true ânativeâ flair. The French equivalent of uh, or um, used to fill space. These three are all small interjections you should incorporate in your French speaking. Bof â" signifies mild boredom in English this roughly translates as âmeh.â Euf is the French equivalent of uh, or um used to stall while âfinding your words.â Bah â" is another filler word. Usually used at the beginning of a sentence, it indicates when a person makes an obvious statement. ⢠Mec / Nana Used pretty much throughout the country and understood as the French equivalent of âdudeâ and âchickâ ⢠Santé! In English we say âcheersâ when celebrating with friends: In France they use santé! Itâs a way to toast to each others health. Culturally, make sure to look your guest in the eyes otherwise you may be called out for being rude! ⢠Oh bonne mère This phrase is used primarily in Marseille and is the equivalent of âoh mon dieu.â The French language is beautiful and rich. Filled with colorful words and phrases youâll need to be aware of these idioms, false cognates and slang phrases when you translate French to English. These are just a few of the choices youâll have when learning to speak like a native. Like any study, immersing yourself in the local culture will yield a treasure of regional speech that can have you sounding like a native in no time! When studying the language, make sure to include current popular music and film in your studies. These are both great areas to hear idioms, false cognates and slang in everyday use. Remember, slang is constantly evolving, so when youâre progressing with your studies, make sure to stay current! It will make your speech sound even more authentic! What obstacles have you encountered in translating French to English? Share what youve learned in the comments below! Interested in Private Lessons? Search thousands of teachers for local and live, online lessons. Sign up for convenient, affordable private lessons today! Search for Your Teacher Photo by Ã"scar Velázquez
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