BASIC INTRODUCTION TO MACROECONOMICS‚ TOOLS AND TERMINOLOGIES By- Rhit Srivastava MBA –PM(05) IIHMR Economics • Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy Types of economics • Macro economics : Concentrate on large picture of economy. • Microeconomics: • Microeconomics deals with behavior of individual market and the business‚ consumer
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Advance Macroeconomics 1. Why the rich become richer and poor become poorer? It is because of the rising in inequality. He rich have got richer‚ and the poor have become relatively poorer. It is not that the real incomes of the lowest paid have fallen (though in some cases real incomes have been stagnant) but‚ they have fallen behind higher income earners. The gap between the highest paid and lowest paid has increased. In the past couple of decades it feels like the ‘rich have got richer
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Attitude Indicator (Artificial Horizon) The Attitude Indicator shows rotation about both the longitudinal axis to indicate the degree of bank‚ and about the lateral axis to indicate pitch (nose up‚ level or nose down). It utilizes the rigidity characteristic of the gyro. It is gimballed to permit rotation about the lateral axis indicating pitch attitude‚ and about the longitudinal axis to indicate roll attitude. Once powered up‚ the indicator is maintain in a fixed position no matter what
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abuse‚ neglect‚ or exploitation by others. “Neglect” can be repeated conduct or a single incident of carelessness‚ which could reasonably be expected to result in serious physical or psychological injury or a possible risk of death.” Indicators of neglect include: • Pressure sores or ulcers; • Excessive odor or dirt on the body or clothing; • The presence of fleas or lice; • Listlessness and fatigue; • Deteriorating health or wasting away; • Malnutrition or dehydration; • Over-medication
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2. Prospective Analysis Explanation of Forecast Assumptions Myer decided to change their business strategy due to the poor performance in the prior years (appendix A). First‚ they are planning to focus on customer satisfaction by investing more than $600 million for capital and the implementation costs of the new strategy (Myer Holdings Limited 2015). Second‚ they are expanding the range of their brands and focusing on the big and well-known names such as Calvin Klein and Nine West to achieve the
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Fundamentals of Macroeconomics ECO/372 Macroeconomics October 23‚ 2012 Fundamentals of Macroeconomics The purpose of this paper is to describe the following terms: gross domestic product (GDP)‚ Real GDP‚ Nominal GDP‚ Unemployment rate‚ inflation rate‚ and interest rate. Then we have to describe how purchasing of groceries‚ massive layoff of employees‚ and decrease in taxes affects government‚ households‚ and businesses. Learning and understanding the terminology of economics and what really
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Will Godfrey Chemistry Miss. Morrison May 21‚ 2000 Natural Indicators Each year millions of tourists travel to the woods of New England‚ upstate New York‚ Wisconsin‚ and Canada to witness the appearance of brilliant autumn colors. Sugar maples‚ red oaks‚ sumac‚ birch and other trees and shrubs turn from green to bright red‚ orange‚ and yellow. The short‚ cool days of autumn bring an end to the production of chlorophyll (the green light-gathering pigment). As chlorophyll gradually breaks
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WWW.TPAPERS.BLOGSPOT.COM MILEAGE INDICATOR ON TWO WHEELERS (A PROJECT DONE ON BAJAJ BOXER) www.tpapers.blogspot.com For more papers www.tpapers.blogspot.com Help your fellow students… Explore more…. Mail your papers to totpapers@gmail.com MILEAGE INDICATOR ON TWO WHEELERS (A PROJECT DONE ON BAJAJ BOXER) ABSTRACT Most of the vehicle drivers seek for economical fuel consumption. Moreover fuel saving is also an important factor in today’s world. In this scenario we thought it would give
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According to Kay (2010) a microeconomist speaks about what causes the price of particular products to fluctuate. On the other hand‚ a macroeconomists talks about things like inflation‚ what the target interest rate should be‚ what influences employment and unemployment (Kay‚ 2010). Microeconomics studies the decision of consumers and firms with respect to allocation of resources of goods and services. Consumers makes consumption decisions and firms make production decisions. Microeconomics
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Introduction 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 chart above. Micro economics and Macro economics‚ both the terms were used in 1933 by Prof. Ragnar Frisch from Oslo University of Norway. Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance‚ structure‚ behavior‚ and decision-making of an economy as a whole
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