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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 Economics Presentation Transcript

    • ECONOMICS
      Group=3
    • 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
    • CHAPTER=7
      INTRODUCTION
      TO
      MACRO ECONOMICS
    • ADAM SMITH
      The Father of Economics
    • keynes
      Father of Micro Economics
      &
      Macro Economics
    • RAGNER FRISCH
      “The words Micro Economics and Macro Economics were coined by the economist”RAGNER FRISCH
    • 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.”
    • ScopeofMacroEconomics
      • National income
      • Employment
      • Price level (inflation & deflation)
      • Trade cycles
      • Monetary and Fiscal policies
      • Economic growth
      • 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
    • J.B.say
      “Supply creates its own demand”