Introduction To Statistics - Class 11 - CommerceAnjaliKaur3
This PPT explains the chapter 1 of statistics for class 11. It will be helpful for students preparing for exams and for the teachers to use it as a teaching aid.
Introduction To Statistics - Class 11 - CommerceAnjaliKaur3
This PPT explains the chapter 1 of statistics for class 11. It will be helpful for students preparing for exams and for the teachers to use it as a teaching aid.
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
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Static, Dynamic and Comparative Static EconomicsBikash Kumar
Macro Economics
For downloading this contact- bikashkumar.bk100@gmail.com
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Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture goes over the difference between real and nominal GDP.
The Kaldor-Hicks Compensation Principle was given by British Economists Nicholas Kaldor And Noble laureate John Hicks. Both are famous for giving their contribution to economic concepts in the existing knowledge of literature.
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
We connect Students who have an understanding of course material with Students who need help.
Benefits:-
# Students can catch up on notes they missed because of an absence.
# Underachievers can find peer developed notes that break down lecture and study material in a way that they can understand
# Students can earn better grades, save time and study effectively
Our Vision & Mission – Simplifying Students Life
Our Belief – “The great breakthrough in your life comes when you realize it, that you can learn anything you need to learn; to accomplish any goal that you have set for yourself. This means there are no limits on what you can be, have or do.”
Like Us - https://www.facebook.com/FellowBuddycom
Static, Dynamic and Comparative Static EconomicsBikash Kumar
Macro Economics
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Rabbi
Mehedi
Sadia
Rafia
Tuhin
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture goes over the difference between real and nominal GDP.
The Kaldor-Hicks Compensation Principle was given by British Economists Nicholas Kaldor And Noble laureate John Hicks. Both are famous for giving their contribution to economic concepts in the existing knowledge of literature.
Introduction to Managerial Economics, What is Business Economics, Definition,SCOPE OF ECONOMICS, Scope of BE in Managerial Decision Making, Role of business economics,Comparing Business Economics And Economics, Relevance of Business Economics, Factors of Production, CENTRAL PROBLEMS OF AN ECONOMY OR BASIC ECONOMIC PROBLEMS
Premier University
[B.B.A]
Course Teacher: Assistant Professor. Anupam Das
University of Chittagong
Course Title: Managerial Economic
Presentation Subject: Introduction to Managerial Economic
Semester: 7th Section: “A” Batch :22nd
Group Name: D’14
E-mail : mdsaimonchy@yahoo.com
Introduction to Economics, Basics of Managerial Economics, Introduction to Economics, Nature and Scope of Managerial Economics, Managerial Economics & Economics Related Disciplines Interrelationship with Other Subjects, Economics Tools.
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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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 wasn’t 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.
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3. Synopsis
1. Basic Terms
2. Definition of Economics
3. Ordinary Business Of Life
4. What Is Economic Problem
5. Why Economic Problem Arise
6. Economy And Its Components
7. Factors Of Production
8. Meaning Of Statistics
9. Scope Of Statistics
10. Importance Of Statistics In Economics
11. Statistics Methods Are No Substitute For Common Sense
4. Basic Terms
1. Consumer – A person who purchases goods and services for personal use.
2. Producer – A person who produces goods. Example: Manufacturer.
3. Seller – A person who sells goods/services to make a profit. Example: Shopkeeper.
4. Saving – A part of the income which is not consumed.
5.Investment – An investment is the purchase of goods that are not consumed
today but are used in the future to create wealth.
6. Service Holder – A person who is in job to earn wages or salary.
7. Service Provider – A person who provides services for a payment.
8. Economic Activities – Any activity undertaken for a monetary gain.
5. Definition Of Economics
Alfred Marshall a great
propounder of Modern
Economics defines
economics as
“the study of
mankind in the
ordinary business
of life.”
6. Definition Of Economics
“Economics is the study of how people and society
choose to employ scarce resources that could have
alternative uses in order to produce various
commodities that satisfy their wants and to distribute
them for consumption among various persons and
groups in society.”
7. Ordinary Business Of Life
Economics is a study of mankind in
the ordinary business of life.
Individual and social life actions
which are closely connected with
the use of the material
requirement.
Any activity undertaken for
monetary purpose is termed by
economists as ordinary business of
life.
8. What Is Economic Problems
Economic Problems are the problems of choice, or of
allocating scarce resources to other uses due to scarcity
of resources. These resources have alternative uses,
which is why the problem of choice arises.
9. Why Economic Problem Arise
Human wants are unlimited, but the resources to
satisfy those wants are limited and these resources
have alternative uses.
Resource Scarcity gives rise to the problem of choice
among consumer and they make rational choice to
satisfy their demand.
10. Economy And Its Components
A system in which people get a living to satisfy their
wants through the processes of Production,
Consumption, Investment and Exchange. It has four
components:
1. Production: It is defined as ‘creation of utility’. It is
the process in which inputs are transformed to
goods or services.
2. Consumption: It is defined as ‘usage of
goods/services’. It is the process by which a good or
a service is completely used up.
11. Economy And Its Components
3. Investment: It is a part of production which is
committed for future income.
4. Distribution: It is a part of production which explains
how the national income is distributed among different
factors of production.
12. Factors Of Production
There are four factors of production:
1. Land: Part of the income goes to the owner of land
in the form of rent
2. Labour: Part of the income goes to the labourers for
their services in the form of wages
3. Capital: Part of the income goes to the owner of
capital in the form of interest
4. Entrepreneur: Part of the income goes to
entrepreneurs in the form of profits
13. Meaning Of Statistics
Statistics is the quantitative information of facts and
findings.
In singular sense:
“Statistics may be defined as the collection,
organisation, presentation, analysis and interpretation
of data” {CO-PAI}
In plural sense:
Statistics refers to information in terms of numbers or
numerical data such as population statistics.
14. Scope Of Statistics
1. In Planning: Planning is the combination of vision,
goals, objectives, strategies, policies, etc. Statistics
helps to get the necessary information about the
planning which depends upon the analysis of
statistical data.
2. In Economics: Statistical Analysis are used in solving
different economic problems such as consumptions,
production, distribution, investment, unemployment,
etc. Tools like Time Series Analysis, Demand Analysis,
Forecasting Techniques, etc are used.
15. Scope Of Statistics
3. In Business: Statistics help businesses to test and
make correct decisions about the location of the
business, marketing the product, financial resources,
etc, based on the statistical information.
4. In State Management: In order to set different
policies to run an economy efficiently and allocating
economy resources in various sectors based on
different statistical tools.
16. Scope Of Statistics
5. In Research Activities: Statistical techniques are used
for collecting information during research and also for
analysis and interpretation of research findings.
6. In Administration: It is being widely used to
formulate and forecast different plans and policies of
the state administration.
17. Statistics has emerged as a lifeline of economics.
1.Quantifying economic problem: For example,
unemployment is said to be 20% of India’s working
population.
2.Inter- Sectoral Comparisons: For example, looking
after the impact of unemployment in different sectors
such as: rural or urban sector.
Importance Of Statistics In Economics
18. Importance Of Statistics In Economics
3. Cause and Effect Relationship: For example, the
cause of unemployment and its effect on market,
inflation rate or on the economy’s growth.
4. Formulating Policies: For example, in order to set the
budget for the economy which helps in Fiscal policy.
5. Economic Equilibrium: For example, in order to
ensure equilibrium between market demand and
market supply.
19. 6. Constructing Economic Theories: For example, we
use statistics in Consumer Theory of Demand and
Producer Theory of Supply, etc.
Importance Of Statistics In Economics
20. Statistics Methods Are No Substitute For
Common Sense
• Statistical data may be misinterpreted.
• Statistical data may be politically influenced.
• Statistical data may involve personal bias.
• Statistical data may be manipulated.
• Statistical data may fail to reveal the errors
committed.
Therefore, students are advised to use their common
sense while working with the statistical data.
21. Thank You!
Lesson by
Sanjay Thakran
PGT Maths, Economics
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