presentation prepared by 2011 humanities batch under the leadership of mathew j. vettickal

1. ECONOMICS Group=3

2. Group Member’s Boys Mathew J Vettickal Jobin Sebastian Akhil Raju Sreejith Anandhu Ajmal v a Johnson Girls Neenu Kuruvila Nimmy Kuruvila Delna Prasad Ramya v p Chinnu Susmitha Bibi mol Merly jacob

3. CHAPTER=7 INTRODUCTION TO MACRO ECONOMICS

4. ADAM SMITH The Father of Economics

5. keynes Father of Micro Economics & Macro Economics

6. RAGNER FRISCH “The words Micro Economics and Macro Economics were coined by the economist”RAGNER FRISCH

7. K.E.BOULDINGdefines macro economics in the following words:“Macro economics deals not with individual quantities but with aggregates of these quantities , not with individual Incomes, but with national income, not with individual prices, but with price levels, not with individual output, but with national output.”

9. Employment

10. Price level (inflation & deflation)

11. Trade cycles

12. Monetary and Fiscal policies

13. Economic growth

15. J.B.say “Supply creates its own demand”