Meaning Scope Features Uses Limitations Post : Gaurav Akrani Date : 11/10/2010 08:36:00 PM IST No Comments Labels : Economics‚ Study Notes Study of Economics - Micro & Macro Economics The study of economics is divided by the modern economists into two parts viz. Micro economics and Macro economics. This division is shown in the figure / chart above. Micro economics and Macro economics‚ both the terms were used in 1933 by Prof. Ragnar Frisch from Oslo University of Norway. The word micro has been
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ECONOMICS OF GLOBALIZATION SAURABH SINGH SCHOOL OF BUSINESS (2012) (GALGOTIAS UNIVERSITY) Name: Saurabh Singh MBA(Batch 1) 12SOB102234
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Economics Chapter One: Ten Principles of Economics Scarcity – the limited nature of society’s resources Economics – the study of how society manages its scarce resources Principle #1: People Face Tradeoffs Making decisions requires trading off one goal against another A dollar/unit of time spent on one thing is one less dollar/unit of time less spent on another Common trade offs include: “butter for guns”‚ a clean environment or a high level of income & Efficiency – the property of society
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each of these sectors are commonly termed consumption expenditures‚ investment expenditures‚ government purchases‚ and net exports. Aggregate expenditures (AE) are a cornerstone in the study of macroeconomics‚ playing critical roles in Keynesian economics‚ aggregate market analysis‚ and to a lesser degree‚ monetarism. In particular‚ aggregate expenditures are combined with the price level as aggregate demand. Aggregate expenditures are the total expenditures on gross domestic product. These expenditures
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| Economic Activity Economics is concerned with humanity’s well being or welfare. It encompasses the social organization and the relationship involved in using scarce resources and available technology to satisfy seemingly unlimited human wants and in allocating those resources among diverse alternative wants. The key elements of economic activity are (1) human wants (2) resources‚ and (3) technology. Price theory
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Definitions; Basic economic problem – Capital capital goods‚ or real capital are those already-produced durable goods that are used in production of goods or services. Command economy – economy where supply and price are regulated by the government rather than market forces Division of labour - Division of labour is the specialization of cooperative labour in specific‚ circumscribed tasks and like roles Enterprise- simply another name for a business. Free market economy - is an economy in
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Construction Economics: Government Economic Policy A policy refers to any rule or principle used in guiding decision making and achieving rational results. The intended goals to be achieved by a policy widely vary with the organization and the context to which it was made. Policies are basically made to prevent negative effects noticed in an organization or promote positive benefits. Government economic policy refers to the actions that a government takes to influence its economy. The economic policy
Free Economics Macroeconomics Economy
You ask me "What freedom means to me? " I don’t really think about these things. Now that I am I think that I have something to say about it. Freedom is something that shouldn’t be taken for granted. Freedom for me is something we abuse. For example freedom of speech we use that like its nothing people in other places don’t have that freedom. Most people don’t think about freedom as we do stuff during are day. We don’t usually think "How did we get our freedom? " well that’s a good question. People
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Media Freedom in China since 1949 Han Pan ANTH4177 Professor Egyed Media Freedom in China since 1949 Abstract This Article argues whether the people’s republic of China has achieved freedom of speech since the country has founded. The author has conducted researches and interviews on different group of people to obtain opinions of media freedom in different aspects which including public press‚ internet and social
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The word freedom has a different meaning for different people. Freedom to me means being free from a single ruler who dictates and who goes by his own rules. Freedom has affected America immensely and has brought upon many individuals for the thought of having freedom for the first time. We sometimes take our freedom for granted and do not think of how people dream of having freedom. America has freedom because it was fought for and lives were taken for the future generations to come and enjoy
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