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Economics
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presentation prepared by 2011 humanities batch under the leadership of mathew j. vettickal

presentation prepared by 2011 humanities batch under the leadership of mathew j. vettickal

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Economics Presentation Transcript

  • 1. ECONOMICS
    Group=3
  • 2. Group Member’s
    Boys
    Mathew J Vettickal
    Jobin Sebastian
    Akhil Raju
    Sreejith
    Anandhu
    Ajmal v a
    Johnson
    Girls
    Neenu Kuruvila
    Nimmy Kuruvila
    Delna Prasad
    Ramya v p
    Chinnu
    Susmitha
    Bibi mol
    Merly jacob
  • 3. CHAPTER=7
    INTRODUCTION
    TO
    MACRO ECONOMICS
  • 4. ADAM SMITH
    The Father of Economics
  • 5. keynes
    Father of Micro Economics
    &
    Macro Economics
  • 6. RAGNER FRISCH
    “The words Micro Economics and Macro Economics were coined by the economist”RAGNER FRISCH
  • 7. K.E.BOULDINGdefines macro economics in the following
    words:“Macro economics deals not with individual quantities but with aggregates of these quantities , not with individual Incomes, but with national income, not with individual prices, but with price levels, not with individual output, but with
    national output.”
  • 8. ScopeofMacroEconomics
    • National income
    • 9. Employment
    • 10. Price level (inflation & deflation)
    • 11. Trade cycles
    • 12. Monetary and Fiscal policies
    • 13. Economic growth
    • 14. International trade
  • Importance of Macro Economics
    Understand the functioning of
    the economy
    Helpful in comparisons
    Useful in planning
    Studying growth & development
    Studying economic fluctuations
    Formulations of economic policies
  • 15. J.B.say
    “Supply creates its own demand”