Unit-1 Q1. Define micro and macro economics‚ Distinguish between them‚ and explain the scope‚ importance and its limitations Ans. modern economy analysis has been divided into two major branches that is micro and macro economics. Micro economics means the economics system which deals individual economics unit on the other hand macro economics means the economics unit which deals aggregate as a whole that is national income‚ general employment‚ and total out –put‚ general price level etc. These two
Premium Economics Keynesian economics Macroeconomics
MACRO ECONOMICS Classical Dichotomy The classical dichotomy is rooted in the understanding that in the long run‚ real output is determined by “real” inputs such as labour‚ capital‚ natural resources and TFP‚ but not money. This means that changes in the money supply determine changes in the price level over time‚ but not real output. However‚ it is important to remember that the classical dichotomy applies only in the long run. Almost all economists would agree that money and price can have very
Premium Keynesian economics Macroeconomics Inflation
Definition of ’Macroeconomics’ The term Macro has been taken from the Latin word Macros which means big. The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment‚ national income‚ rate of growth‚ gross domestic product‚ inflation and price levels. Macroeconomics Concerns Production Prices Income Employment National Production/Output Total Industrial Output Gross Domestic Product Growth of Output
Premium Economics Inflation Keynesian economics
1. Executive Summary This report provides an analysis of the international marketing environment of fast- food industry in US and evaluates the international marketing activities of McDonald’s‚ which is considered a key player. Firstly‚ the PEST framework is used to analyse external environmental factors influencing the industry. The Porter’s Five Forces framework is utilised to analyse the competitive rivalry within the industry‚ and its attractiveness for potential new entrants. Key players and
Premium Marketing Brand Hamburger
Environmental Factor Affecting the Food Intake Alejandra Herrera Hodges University Professor Batiato HSA 4202 April 15‚ 2013 Table of Contents Abstract ………………………………………………………………………………………… Chapter One Introduction …………………………………………………………………………………….. Problem Statement ……………………………………………………………………… Problem Background …………………………………………………………………… Purpose of the Study ………………………………………………………………….. Research Questions …………………………………………………………………….. Limitations/Delimitations ……………………………………………………………… Definitions
Premium Obesity Food Nutrition
Waylon Dude ENG 099/100 Fast Food: Problem in America? Imagine you’re at McDonald’s and you’re going in for that bite on your burger. First thing you think about is the tastiness of the burger and not exactly what you’re eating. Little do you know that you’re eating so much stuff that will actually take a toll on your body in the long run? Most Americans do not have this thought running through their minds because all they care about is the explosion of flavor in their mouth and the satisfaction
Premium Nutrition
ECONOMICS FOR MANAGERIAL DECISION MAKING-I (ECONOMIC ANALYSIS SIMPLIFIED FOR YOU) COURSE DURATION: 20 HOURS PER SEMESTER COURSE CREDITS: 02 1. ESSENCE OF ECONOMICS Problems of an economy; Solutions of these problems; Alternative system to tackle the problems; Economics‚ micro – economics & macro – economics; Basis building blocks of microeconomics – rationality‚ marginalism‚ opportunity cost‚ general & partial equilibrium. 2. FALLACIES AND PITFALLS Economics is about decision making
Premium Supply and demand Economics
THE EFFECTS OF TAKING FAST FOOD FOR OUR HEALTHY Fast food refers about food such as hamburgers which is prepared quickly and that we can take away with us. It is served at a counter or drive-tru window without to wait at a long time and do not employ wait staff‚ customers simply seat themselves after ordering. Fast foods are ready to eat alternatives to home cooked food. They are readily available and can be eaten at ones own convenience. However‚ it is necessary that we know the benefits
Free Nutrition
Fast Food Essay Many people who consume junk food are blaming the fast food restaurants for their obesity and the bad decisions they make when eating unhealthy food. Aren’t we responsible for our own choices? Or is it that the fast food industry is trying to make everyone fat? In the article‚ “The battle against fast food begins in the home” by Daniel Weintraub‚ explains how people are blaming big corporations like McDonalds and other fast food restaurants for the decisions they made by not eating
Free Nutrition Junk food
analysis • Obstacles to national income measurement • Circular flow of income (two sector economy) 3. Macroeconomic theories • Classical economics: ideologies • Keynesian economics: ideologies • Monetarism: ideologies • New Classical economics: ideologies 4. Unemployment • Types of unemployment • Unemployment in Nigeria • Policy measures towards reducing unemployment 5. Inflation
Free Gross domestic product Economics Macroeconomics