0
DEPARTMENT   OF  RESEARCH & MANAGEMENT PRESENTATION   TO  :  BY  : Mrs. Sundhaya Madam  Mr. Girish Gilda M.B.A 1 st  SEM. ...
WELCOME TO  WORLD
MANAGERIAL ECONOMICS
TOPIC <ul><li>MICRO ECONOMICS </li></ul><ul><li>MACRO ECONOMICS </li></ul>
MICRO ECONOMICS  :
Meaning  : <ul><li>Micro has been derived from GREEK word “ MIKROS ”which mean  small  . </li></ul><ul><li>It is a study o...
DEFINATION  : <ul><li>Prof. Mac cannel , “micro economics is a study of the specific economic units and a detailed conside...
Subject-matter  : <ul><li>It deals with determination of product prices and factor of prices . </li></ul><ul><li>In short ...
Merits  : <ul><li>A worm’s eye view of a small specific unit. </li></ul><ul><li>Formulating economic policies and scarce r...
<ul><li>It does not give the correct pictures of the working of the economy . </li></ul><ul><li>It does not provide soluti...
MACRO ECONOMICS  :
Meaning  : <ul><li>Macro is been derived from the Greek word “ MAKROS ”which means  LARGE . </li></ul><ul><li>Macro econom...
<ul><li>Prof. Boulding , “ Marco economics deals not only with individual quantities but with the aggregates of these quan...
Subject Matter  : <ul><li>It deals with total consumption, total savings , total investment , total output, total or natio...
Merits  : <ul><li>A bird’s eye-view of the entire economy . </li></ul><ul><li>Macro economic is more useful in solution to...
Limitations : <ul><li>The study of individual units becomes more useful than study of aggregates. </li></ul><ul><li>It is ...
Conclusion  : <ul><li>It is true that macro economic is more realistic and more useful than micro economic . but this is n...
THANK YOU ALL
Upcoming SlideShare
Loading in...5
×

micro & macro economics

57,497

Published on

for managerial economics

Published in: Technology, Economy & Finance
12 Comments
20 Likes
Statistics
Notes
No Downloads
Views
Total Views
57,497
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1,509
Comments
12
Likes
20
Embeds 0
No embeds

No notes for slide
  • Transcript of "micro & macro economics"

    1. 1. DEPARTMENT OF RESEARCH & MANAGEMENT PRESENTATION TO : BY : Mrs. Sundhaya Madam Mr. Girish Gilda M.B.A 1 st SEM. ROLL no: 59
    2. 2. WELCOME TO WORLD
    3. 3. MANAGERIAL ECONOMICS
    4. 4. TOPIC <ul><li>MICRO ECONOMICS </li></ul><ul><li>MACRO ECONOMICS </li></ul>
    5. 5. MICRO ECONOMICS :
    6. 6. Meaning : <ul><li>Micro has been derived from GREEK word “ MIKROS ”which mean small . </li></ul><ul><li>It is a study of the individual units of economic system . </li></ul><ul><li>In other words a small part of economy & not the whole economy . </li></ul>
    7. 7. DEFINATION : <ul><li>Prof. Mac cannel , “micro economics is a study of the specific economic units and a detailed consideration of the behavior of these individual units ” . </li></ul><ul><li>Prof.Boulding , “micro economics seeks to explain the working of individuals,firms,households,individual prices,wages,particular industries ” . </li></ul>
    8. 8. Subject-matter : <ul><li>It deals with determination of product prices and factor of prices . </li></ul><ul><li>In short , it is concerned with the determination of prices like theory of production,theory of rent,wages.Interest,profit & economic welfare . </li></ul><ul><li>It also known as PRICE THEORY . </li></ul>
    9. 9. Merits : <ul><li>A worm’s eye view of a small specific unit. </li></ul><ul><li>Formulating economic policies and scarce resources of the country. </li></ul><ul><li>Achieve maximum output with minimum costs. </li></ul><ul><li>It is helpful for macro economic studies. </li></ul>
    10. 10. <ul><li>It does not give the correct pictures of the working of the economy . </li></ul><ul><li>It does not provide solution to certain economic problems . </li></ul><ul><li>The area of study covered by it is limited . </li></ul><ul><li>It cannot be abruptly applied to the study of macro economic problems . </li></ul>Limitations :
    11. 11. MACRO ECONOMICS :
    12. 12. Meaning : <ul><li>Macro is been derived from the Greek word “ MAKROS ”which means LARGE . </li></ul><ul><li>Macro economic is the study of large part of the economy i.E.,The whole economy. </li></ul><ul><li>The study of economic behaviour of the economy as a whole & not the individual economic units of the economy. </li></ul>
    13. 13. <ul><li>Prof. Boulding , “ Marco economics deals not only with individual quantities but with the aggregates of these quantities , not with the individual incomes , but with national income , not with individual prices , but with prices level , not with individual outputs but with the national output ” . </li></ul>DEFINATION :
    14. 14. Subject Matter : <ul><li>It deals with total consumption, total savings , total investment , total output, total or national income, inflation & deflation economic growth, etc. </li></ul><ul><li>In other words it is concerned with the analysis of income & employment in the economy as a whole . </li></ul><ul><li>Theory of income & employment . </li></ul>
    15. 15. Merits : <ul><li>A bird’s eye-view of the entire economy . </li></ul><ul><li>Macro economic is more useful in solution to economy problems. </li></ul><ul><li>It is quite helpful in formulation of GOVT. Economic policies. </li></ul><ul><li>Study of macro economic is useful to micro economic studies. </li></ul>
    16. 16. Limitations : <ul><li>The study of individual units becomes more useful than study of aggregates. </li></ul><ul><li>It is useful for for develop countries for solving their problems but less useful or undeveloped country. </li></ul><ul><li>It studies the economy in general or in detail . </li></ul>
    17. 17. Conclusion : <ul><li>It is true that macro economic is more realistic and more useful than micro economic . but this is not that micro economic should be given up . in fact both cannot adequately explain working of economic system . </li></ul><ul><li>Both the approaches are inter-related inter-dependent & complementary to each other . </li></ul><ul><li>Both are necessary for a perfect study of economics. </li></ul>
    18. 18. THANK YOU ALL
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×