micro & macro economics

Loading...

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

2 comments

Comments 1 - 2 of 2 previous next Post a comment

  • + Rajnikapoor Rajnikapoor 5 months ago
    thanks
  • + guestdfa37 guestdfa37 9 months ago
    Dear Mr.Girish, Well done. You have given the indepth details of Macro & Micro Economies.Excellent.
    Dr.Badr AHMED FCCA. PHD
Post a comment
Embed Video
Edit your comment Cancel

1 Favorite

micro & macro economics - Presentation Transcript

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

+ gilda_girishgilda_girish, 2 years ago

custom

5668 views, 1 favs, 0 embeds more stats

for managerial economics

More info about this document

© All Rights Reserved

Go to text version

  • Total Views 5668
    • 5668 on SlideShare
    • 0 from embeds
  • Comments 2
  • Favorites 1
  • Downloads 158
Most viewed embeds

more

All embeds

less

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate. If needed, use the feedback form to let us know more details.

Cancel
File a copyright complaint
Having problems? Go to our helpdesk?

Categories