Macroeconomics studies overall economies and economy-wide phenomena such as inflation, growth, income, and unemployment. It examines factors like prices, GDP, and changes across entire markets and countries. Macroeconomics analyzes aggregate indicators and how the whole economic system functions on a large scale.
This PPT includes the basic concepts of economics. its meaning, scope and nature of economics, types of economic systems and basic problems of an economy.
Microeconomics: Introduction and basic conceptsPie GS
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1.1 Meaning and definition of microeconomics
1.2 Basic microeconomic issues: scarcity, efficiency and
alternative uses of resources
1.3 Differences between microeconomics and macroeconomics
1.4 Opportunity cost, normative economics and positive
economics
1.5 Importance of microeconomics in business decision making
1.6 Economic models: meaning and use of economic models
This PPT includes the basic concepts of economics. its meaning, scope and nature of economics, types of economic systems and basic problems of an economy.
Microeconomics: Introduction and basic conceptsPie GS
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1.1 Meaning and definition of microeconomics
1.2 Basic microeconomic issues: scarcity, efficiency and
alternative uses of resources
1.3 Differences between microeconomics and macroeconomics
1.4 Opportunity cost, normative economics and positive
economics
1.5 Importance of microeconomics in business decision making
1.6 Economic models: meaning and use of economic models
Applied Economics
based on the book Applied Economics by R. P. Dinio, PhD
and G. A. Villasis
Learning Competencies Covered:
ABM_AE12-Ia-d1
ABM_AE12-Ia-d2
ABM_AE12-Ia-d3
Note: Just notice the technical error in my slide Economic System. The last column should be Market Economy.
Thanks for understanding.
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BUS106 wk2 ch2 how economic issues affect business Bhupesh Shah
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BUS106 How Economic Issues Affect Business - from UNDERSTANDING CANADIAN BUSINESS, 7th Canadian Edition (custom publication for Seneca) ; published by McGraw-Hill
𫱠This file is especially for engineering students.
This is 'economics for engineers'.
I hope it will help you in your studies as well as university exams.đ
Palestine last event orientationfvgnh .pptxRaedMohamed3
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An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as âdistorted thinkingâ.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
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In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
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New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Model Attribute Check Company Auto PropertyCeline George
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In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
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http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasnât one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
How libraries can support authors with open access requirements for UKRI fund...
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Introduction to Macroeconomics
1.
2.
3. Macroeconomics is a branch of economics that studies how an overall economyâthe market
systems that operate on a large scaleâbehaves.
Macroeconomics studies economy-wide phenomena such as
â˘inflation
â˘price levels
â˘rate of economic growth
â˘national income
â˘gross domestic product (GDP)
â˘changes in unemployment
Ye economics ka voh part hai jo puri country ke paiso ke baare mein btata hai, or ye bhut
barhe scale pe chalti hai.
Ye itna barha hai ki ye desh ki in in chizo ke baare mein btata hai
â˘Mehngai
â˘Kisi chiz ke daam ka brhna yaah kam hona
â˘Humare desh ke barhne ki kya speed hai
â˘Paisa desh ka
â˘Hum total kitne goods and services vech rhe hai
â˘Kitne logo ko kaam mila yaah kitno ko nahi
4. BASIS
1. Origin
2. Definition
3. Objective
4. Evolution
5. Deals with
6. Assumptions
MACROECONOMICS
Greek word âMakrosâ which
means large.
It studies the economic
relationship of the economy
as a whole.
Principles, policies and
problems relating to
achievement of full
employement and expansion
of production.
After keynesian theory of
Employement, Interest and
Money.
Equillibrium in all markets.
Microvariables remain
constant.
MICROECONOMICS
Greek word âMikrosâ which
means small parts.
It studies the economic
relationship of an individual
or of group level.
Principles, policies and
problems relating to
achievement of optimum
utilisation of resources.
Before 18th century.
Equillibrium in one market.
Macrovariables remain
constant.
5. BASIS
7. Variables
8. Significant role
9. Approach
10. Popularised by
11. Theories
MACROECONOMICS
Aggregate demand, aggregate
supply, inflation,
unemployement, poverty etc.
Government
Top down approach for
analysing the economy.
John maynard keynes
Theory of national income
Theory of money
Theory of general price level
Theory of employment
Theory of international trade
MICROECONOMICS
Price, consumerâs demand,
wages, rent, profit, revenue,
cost etc.
Market mechanism
Bottoms up approach for
analysing the economy.
Alfred Marshall
Theory of consumerâs
behaviour and demand
Theory of producerâs
behaviour and supply
Theory of price determination
under different markets
6. CAPITALIST ECONOMY SOCIALIST ECONOMY MIXED ECONOMY
Produce goods which give
high profits.
Produce goods which are
important for social welfare.
Produce both the goods with
profit and welfare.
Use capital intensive
technique.
Use labour intensive
technique.
Use both capital and labour
intensive.
They produce for Rich people
as they have capacity to pay.
They produce for Poor people
as their motive is welfare.
They produce for both rich
and poor people.
7. It is an economic system where production and distribution are privately owned.
There is no intereferance of government in this.
Government maintains law and order only.
Their only motive is profit maximisation.
This is also known as Free Market Economy.
Example:- Hong Kong, Singapore, Canada, UAE etc.
â˘No role of Government
â˘Profit Motive
â˘Law of demand and supply operates
â˘More role of Private sector
â˘Also known as LAISSEZ FAIRE (which means
minimum restrictions or interferance of govt.)
8.
9. These are individuals or group of individuals.
They do the consumption of goods.
They supply factors of production to business ( land,
labour, capital, owner ).
They purchase goods from business sector.
Their Expenditure is called CONSUMPTION
EXPENDITURE.
10. These carry the production of goods & services.
They take factors of production from household sector.
They supply goods and services to consumer.
They do this for profit making.
They include Sole proprietorship, Partnership, Company etc.
Their expenditure is called INVESTMENT EXPENDITURE.
11. It provides law and order.
It maintains stability and help in the growth of country.
It provides administration services.
They make developmental projects like dams, roads,
industries, education, healthcare etc.
They impose taxes.
They provide goods at nominal prices.
Their expenditure is called GOVERNMENT EXPENDITURE.
12. This sector is engaged in import and export of goods
and services.
This sector is known as External sector and Rest of
the world sector.
They also invest capital outside the country and also
allows other to invest here.
13.
14.
15.
16. Real flow of income implies the flow of factor
services from the household sector to the producing
sector and corresponding flow of goods and services
from the producing sector to the household sector.
Money flow refers to the flow of factor income, as
rent, interest, profit and wages from the producing
sector to the household sector as
monetary rewards for their factor services.
17.
18.
19. It deals with the production of goods and services by the producer sector.
If we study it in term of the quantity of goods and services produced, it is a Real
Flow.
But, it is a Money flow, if we study it in terms of the market value of the goods
produced.
It means the flow of income in the form of rent, interest, profit and wages, paid by
producer sector to the household sector.
It is a Money Flow.
Disposition means expenditure made.
This phase deals with expenditure on the purchase of goods and
services by households and other sectors.
This is a Money Flow from other sectors to the producer sector.
20. The Great Depression was the worst economic downturn in the history of the industrialized
world. It originated in the United States of America when the stock market crashed which
results in the beginning of a decade of high unemployement, profit, low profit and deflation
and it gradually spread to other countries of the world. The main cause behind this was fall in
aggregate demand due to under consumption and over investment.
CAUSE AND EFFECT RELATIONSHIP OF GREAT DEPRESSION