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      "body": "I loved your article about reading. There are lesser readers than there are. But the world keeps churning out more stuff to read every single day. I am an advocate of a reading culture that needs to continue to grow and expand. Not contract. I believe with people like you spreading knowledge like this, there is hope. Thanks and God bless!",
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      "body": "Hi everyone its your potential blogger @davieson sorry for being away for sometime now, today i am going to write on good reading habit....... In this modern age of information and revolution reading is the only way to get connected with the fast moving trend, especially as the internet the store house of information, is accessed, more than any other means, through reading, hence for one to be able to get this informative move on with the world, one must develop an effective voracious reading culture. To do this, one must constantly work on improving the reading skill.\nImproving your reading skills will reduce unnecessary reading time and enable you to read un a more focused and selective manner. You will also be able to increase your level of understanding and concentration. 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Just doing this will double the amount of time you have available to read.\n3.\tChoose the right reading environment: if you really want to concentrate on your reading, step away from any gadget that can easily distract you like televisions, radios, phones and chatty people. These distractions make it difficult to focus, dragging out reading and causing frustration. Try reading in a quiet, well lit place with a desk and comfortable chair. If you can, you will read faster and comprehend more if you read in an environment that is comfortable for you.\n4.\tScan the text before reading: look at the table of contents, index, topics, photo captions, etc. this will help you determine if you have a real interest in this reading and what information you are likely to get from it.\n5.\tSkim the text first: skimming materials works perfectly well with informative materials and resources such as textbooks and non-fiction. Skimming is the process of speedy reading for general meaning. Let your eyes skip over sentences or phrases which contains detail. Concentrate on identifying the central or main points. You can do this by a brief preview or selection of text prior to detailed reading and then refreshing your understanding of a selection of text following detailed reading.\n6.\tCreate questions you would want the text to answer: this involves writing down you would want the text to answer at the end of the reading exercise. Question you to take an active approach to your reading. Record your question as you read. They can also be used as prompts for follow up work.\n7.\tTake notes as you read speedily: keep a notebook nearby to jot down thoughts and brief notes to help you process your reading. This will avoid any re-reading later and also helps develop your ability to process the “nuggets from the noise”. Do not highlight. 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      "body": "Models \nThis simply refers to an expression of abstract objects, events and phenomenon in a real life situation. It is a mirror image of what should be. It conveys meaning in a simplified representation of an actual phenomenon. A model entails three distinctive breaths which includes.\n1.\tStructural analysis\n2.\tFor-casting\n3.\tPolicy evaluation\nEconomic models: this entails describing, predicting and prescribing the various economic activities in a village/region/country.\nMathematical models: this deals with the use of mathematical logic, principles and theories to describe, prescribes and for-cast behavior of related variables. A model is said to be mathematical if it consists of a set of equations designed to describe the structure of the model.\nEconometric models: this entails measuring economic outcomes. It covers a tripartite arrangement where economic theories, mathematical logic and statistical logic. Principles are used for analysis, predictions as well as evaluation of economic activities.\nA general algebraic model can be expressed as f(y,x,d)=0\nWhere\nF= column vector of g function and can take the form of linear and non-linear.\nY= a row vector of g endogenous variable.\nX= a row vector of k exogenous or lagged endogenous. \nd= a row vector of m parameter.\nMicroeconomic models: this studies behavior of individuals and group of individuals especially in term of choices and actions in relation to production, distribution, allocation and exchange of commodities.\nMacroeconomic models: these are derivatives of macroeconomic theories and applications. It relies on macroeconomic variables instead of looking at an individual or group of individuals.\nBasic mathematical ingredients\nThere are basically three mathematical ingredients which includes,\n1.\tVariables: this refers to any item especially economic indicators whose magnitude can change overtime.\n2.\tConstant: a constant refers to any item whose magnitude does not change overtime. It is combined with fixed numbers.\n3.\tParametric constant: parametric constant are usually expressed in alphabets or greek symbols like, alpha, beta, gama, landa, e.t.c.\nEquations and identities\nThere are basically three types of equations which are \n1.\tDysfunctional equations: it is a set of identity between two alternative expressions that have the same meaning.\n2.\tBehavioral equations: this specifies the manner in which one variable will be have in response to another.\n3.\tEquilibrium condition equations: this talks about an equation that pre-requisite for the attainment of equilibrium.",
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      "title": "MACROECONOMIC THEORIES AND POLICY",
      "body": "Macroeconomic theories are the basis for macroeconomic policy. Macroeconomic policy refers to any policy intended to influence the behavior of any important macroeconomic variables, especially unemployment and inflation. Macroeconomic policy is concerned with how the agencies responsible for the conduct of economic policy manipulates a set of macroeconomic variables in order to achieve some desired objectives.\nMacroeconomic policies include monetary and fiscal policies, but also such things as price control and incentives for economic growth. Macroeconomic theories are valuable predictive devices. An accurate prediction is required if we want to alter economic events or outcomes in a desired direction. For instance, if a country is faced with the problem of unemployment or inflation, and these variables can be predicted or understood through economic theory, we may then be able to control or influence the event.\nThese are various policy tools at the disposal of the makers of macroeconomic policy which are usually manipulated in order to achieve desired goals or objectives. We usually refer to them as instruments of macroeconomic policy. The major tools of macroeconomic policy are fiscal, monetary, exchange rates, and external debt policy instruments.\nFORMULATING MACROECONOMIC POLICY\nThe basic steps involved in policy formulation are as follows\n1.\tSTATING GOALS: The first and most important step is to make is to a clear statement of a goal. If what is desired is full employment, does this mean that everyone between the ages of 16-65 years should have a job? Or it means that everyone who wants to work should have a job? Is there any need to allow for some normal unemployment caused by inevitable changes in the structure of the industry and workers voluntarily changing jobs?\n2.\tPOLICY OPTION: there also the need to state and recognize possible effects of alternative policies designed to achieve the goal. This requires a clear understanding of the economic impacts, benefits, costs and political feasibility of alternative programs. The question here is whether fiscal policy which involves changing government spending and taxes or monetary policy which involves altering the supply of money should be used to achieve and/or maintain full employment.\n3.\tEVALUATION: having chosen and implemented the appropriate policy or mix of policies, it is important to review our experiences with chosen policies and evaluate their effectiveness. It is only through this evaluation that we can hope to improve policy applications. Did a specific change in government expenditure or money supply alter the level of employment to the extent originally predicted?\nGOALS OF MACROECONOMIC POLICY\nThe goals of macroeconomic policy refer to a broad national objective which can change overtime depending on the economic conditions of a particular country. These objectives include\n1.\tAttainment of high rate of, or full employment\n2.\tMaintenance of domestic price stability\n3.\tAchievement of a high rapid and sustainable economic growth\n4.\tMaintenance of balance of payment equilibrium\n5.\tExchange rate stability\nApart from these macroeconomic objectives the government may have other minor objectives such as \n1.\tReduction of inequalities in the distribution of wealth and income, \n2.\tImprovement in the allocation of resources and regional development\nIt is only when these objectives are fulfilled that we can say tha macroeconomic stability has been realized.",
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