Introduction to Macroeconomics

1. Introduction to Macroeconomics
Lecture # 01:
Prof. Dr. Akhlas Ahmed
akhlas786@gmail.com
0345-2873034

2. Your thoughts about the world…

3. Think about the available
resources on the earth…

4. Why we talk about
human beings…

5. Do you know the etymology
of economics?

6. ETYMOLOGY OF ECO-NOMICS:
ο κοςἶ (pronounced eekos
means house).
νόμος (pronounced nomos
means law or rules).
‘rules of the house’
(hold for good management).

7. Discuss…
The concept of Economics

8. DEFINITION OF ECONOMICS:
Economics is a
social science concerned
with the factors that
determine the production,
distribution, and consumption
of goods and services.

9. Who is an economist?

10. Why we often have a discussion on economy?

11. How you define the term
social science?

12. Micro

13. DEFINITION OF MICROECONOMICS:
Microeconomics examines the
behavior of basic elements in
the economy, including…
individual agents and markets,
their interactions, and the
outcomes of interactions.
Individual agents may include,
for example, households, firms,
buyers, and sellers.

14. Macro

15. Macroeconomics analyses the
entire economy…
(meaning aggregated production,
consumption, savings, and
investment) and issues affecting it,
including unemployment of
resources (labor, capital, and land),
inflation, economic growth, and the
public policies that address these
issues (monetary, fiscal, and other
policies).

16. Q/A

17. Quiz # 1
Q1. Why we use the term
economics in our daily life?

18. Assignment # 1
Q1. Why wall street is famous in
the world?
Send your answer in two
paragraphs. (Minimum words
50)
Mail before Jan 22nd
, 2017 on
akhlas786@gmail.com