Economics

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

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Economics

  1. 1. ECONOMICS<br />Group=3<br />
  2. 2. Group Member’s<br />Boys<br />Mathew J Vettickal<br />Jobin Sebastian<br />Akhil Raju<br />Sreejith<br />Anandhu <br />Ajmal v a<br />Johnson <br />Girls<br />Neenu Kuruvila<br />Nimmy Kuruvila<br />Delna Prasad<br />Ramya v p<br />Chinnu<br />Susmitha<br />Bibi mol<br />Merly jacob<br />
  3. 3. CHAPTER=7<br />INTRODUCTION <br /> TO <br /> MACRO ECONOMICS<br />
  4. 4. ADAM SMITH<br />The Father of Economics <br />
  5. 5. keynes<br /> Father of Micro Economics <br /> & <br /> Macro Economics<br />
  6. 6. RAGNER FRISCH<br />“The words Micro Economics and Macro Economics were coined by the economist”RAGNER FRISCH<br />
  7. 7. K.E.BOULDINGdefines macro economics in the following <br />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 <br />national output.”<br />
  8. 8. ScopeofMacroEconomics<br /><ul><li>National income
  9. 9. Employment
  10. 10. Price level (inflation & deflation)
  11. 11. Trade cycles
  12. 12. Monetary and Fiscal policies
  13. 13. Economic growth
  14. 14. International trade</li></li></ul><li>Importance of Macro Economics<br />Understand the functioning of <br /> the economy<br />Helpful in comparisons<br />Useful in planning<br />Studying growth & development<br />Studying economic fluctuations<br />Formulations of economic policies<br />
  15. 15. J.B.say<br />“Supply creates its own demand”<br />

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