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The Global Slump meter
1 Introduction
Sub-prime mortgage crisis occurred in the United States. Due to the height securitization of the real estate loans, credit crisis further transmitted to the financial markets, resulting in a financial crisis 代写留学生论文now. U.S. sub-loan crisis first appeared in the spring of 2006; in 2007, it further developed and spread to the world’s major financial markets; in 2008, it continued to deteriorate, and now it has become into an world economic crisis, which will largely affect the world’s economic progress.
2 Is invisible hand view of the economy now redundant?
2.1 The theory of invisible hand view
The theory of invisible hand is proposed by Adam Smith in his book “The Wealth of Nations”. The original meaning of the theory indicate that the individuals in economic life only consider their own interests https://www.51lunwen.org/StudentPapers.htmldriven by the “invisible hand” and affected by the division of labor and the role of the market in order to reach the national objective of prosperity. Later, the “invisible hand view” became the model of perfect capitalism competition image terms (Adam Smith, 1776). That is, an invisible hand will allow the market to produce cheaper goods. In the capitalist free competition era, this hand indeed played a big role in the development of economy, which made economic prosperity and also made the country rich and powerful.

2.2 The current economic situation and the relationship with the theory　
3 Will this recent crisis impact all developing countries in the same way?
4 What should be the role of monetary policy given these events?
4.1 The current fiscal policies that are being taken by Australia

4.2 AS / AD model and how to analyze the impact of these measures in terms of this model
5 The likely causes of Australian currency’s depreciation
5.1 The general causes of currency’s depreciation

5.2 The certain causes of currency’s depreciation
6 The likely effects of these global events on the Australian industries

References
Adam Smith. (1776). an Inquiry into the Nature and Causes of the Wealth of Nations. Accessible by table of contents chapter titles .org ISBN 1404309985
Lee, F.S. (1998). Post-Keynesian Price Theory. Cambridge: Cambridge University Press, p: 121-131.
Kreps, D. M. (1990). A Course in Microeconomic Theory. New York: Harvester Wheat sheaf, p: 45-48.
Berner, Richard. (2008). A Deeper US Recession Goes Global. Morgan Stanley Global Economic Forum, October 7ed.
International Monetary Fund. (2008). World Economic Outlook: Financial Stress, Downturns, and Recoveries. Washington, DC: IMF.
World Bank. (2008). Global Economic Prospects 2009. Forthcoming.
Palley, Thomas I. (1997). Keynesian theory and AS/AD analysis. Eastern Economic Journal, fall.
World Bank. (2008). Global Development Finance 2008: The Role of 留学生论文代写International Banking. Washington, DC.
Baumol, William J. and Alan S. Blinder. (2006). Macroeconomics: Principles and Policy. Thomson South-Western, Tenth edition, p: 23-33.
Abel, Andrew and Bernanke, Ben. (2005). Macroeconomics. P: 32-33.