Economics intro

Why study economics ,[object Object],[object Object],[object Object],[object Object],[object Object]

A true story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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The central idea ,[object Object],[object Object],[object Object]

Lord Lionel Robbins ,[object Object],[object Object]

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[object Object],Classical view

Adam Smith ,[object Object],[object Object],[object Object],[object Object]

Alfred Marshall ,[object Object],[object Object],[object Object],[object Object],[object Object]

Rational self-interest ,[object Object],[object Object],[object Object]

Some Recent Definitions ,[object Object],[object Object]

Cateris paribus ,[object Object],[object Object],[object Object]

The economic approach ,[object Object],[object Object],[object Object]

Central Problems of an Economy ,[object Object],[object Object],[object Object],[object Object]

Micro & Macro ,[object Object],[object Object]

Microeconomics ,[object Object],[object Object],[object Object]

Macroeconomics ,[object Object]

John Maynard Keynes ,[object Object],[object Object],[object Object],[object Object]

Theory of Aggregation ,[object Object]

[object Object],Fallacy of Composition

Kenneth E. Boulding ,[object Object],[object Object],[object Object]

Short-run and Long-run ,[object Object],[object Object],[object Object]

Opportunity Cost ,[object Object],[object Object]

Production Possibility Curve ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

PPC for individual ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],A B F p F q O C p C q P Q N M

PPC for society ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],Food Clothing F p F q O C p C q Infeasible area Productively inefficient area P Q

Types of Macroeconomics ,[object Object],[object Object],[object Object]

Macrostatics ,[object Object],[object Object],[object Object]

Example ,[object Object],[object Object],[object Object],[object Object],[object Object]

Comparative Macrostatics ,[object Object],[object Object],[object Object],[object Object]

Macrodynamics ,[object Object],[object Object],[object Object]

Indian Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Economics intro

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Economics intro