Chap 1 Eco PDF Notes

PAGE No. Date DATE 21/6/24 21|6|24 - * Unit- |:2 Introducion to Maoeconomics *Delinition Acconcinq to kenneth Roulcinq Maor...

PAGE No. Date DATE 21/6/24 21|6|24 - * Unit- |:2 Introducion to Maoeconomics *Delinition Acconcinq to kenneth Roulcinq Maorvenomics is he Shudy natre, elakonships.and eotsn't behaviour o aggregrtes economic quontities. It deal coitn hdividual quonities buk aggregates tiese hlone quonitiesnot coith îndividual income buF Nahional net aoith ndtuiduaLprice,but coitth price lewels ,not cotta iadividocl output but oith the nationaoutpu featuses d Macyoetonomics OAagytgave Agpnach- Gstasl'sheal oin AS2AD, as'ontu Melaionshp among agqegste vaiatoo Mke Consumpion, inart invesement. DLumpirg methoc- Etonony dividel iato feetosg the bat o Junctiona hennogenc a Macroeconomics i bath theouiticad anda policy Sqene ’ model ae He developed to analygeaelationskip benosen vables, brodels pmvide homezsosK forpg making Generad Equitbium nalysit Since Macro fonomig dealg coith entine economic system, 14 Rhdies ofenelation' -ship betwten Vaias maco vaiable iácan llonam 6 Cxomple - AD =As, lewel ef income, oufput- eploz ment aye Sínultaneouly deteoiaecl  fiuchations oluuaions. (aUses A Tint cyclbusimes e Thtony uaction,Consomption funtion Tnyeitmot theony oasituenß the atcOhich (evelencome that foliad attemp A5ciaalysis. AD- etonam equilibsium the ia establahattenspesto 2,iplayent= OThecogincome,.autput Macxoeconomics Scope d poliäestt Ameat invJment, tochonge in rupet oltn soi' romy pngsus analygt the vasiables.If economie gegote congu in shdiesMaoconomi Dynainíc- rchasing CZnorse) layment mose incorm ator isequilibront ’ Analysis Laome DATE No. PAGE 9Theony o9 pries ’ DyHomi nole o money ehongar ihmany suppiy can lead to irjlatiorany & elationay terdeniu. Eronomic powth ’ lon nn groqth ) încome ,oorput,emplayment. ’ Hed todochve çopadty nsato. aprove tndasd lSvng and entre Cguitble disiboian c oeath incoHt. (theeny stibution aliofaich Nabonal ouput ond lirbibutian nationad aotpo omong esnt faitors podukion. What Maono economics Beeks boanwe? ) Detemination equilibivm inome Cause of Auckoations in natanall utpot. Deteaoninaan geaead pie level. ’Deteuninatfon leueti toregingoagn qfrude balanse. ElJet d iscol ond manetay poliey Lmpottonre ) Macro ononmid Macroecononiu factitts cndevstanelng the inteuslakp between yauious ecanomic Vasiables.and it impat on the tconomy ( Faattes undestuacing the natine macro ecanoni iylation gwoath,Statiity ER:uations , un ompg ER exehange te  PAGE N DATE kelps în fsooning ciogorsi poliaa Monetroy potay Ascal poliy CoSt boxcaina Revenue 2'erpendie 55 onty individuali goveament Dpadtitates deuision onaking makiag khocleclge f l. Macro zonomics fasiitates toiundestnd how tonomi poie 6 (on impat theaigkt ex- Duinq ilation ide moneteuy peliynaytead to highe Aenirg Aates.bonú Ohick oret Beusonal loang ahM Ipaks bustaes cdeasion omakîng Inllaissn, Cononnic poliáes. é2Cxplans theneel orgoyeHnmeat inbeveatioo in maKetimechenitm imitattong d MacDECoNOMIs ODangen c uisleading conaotiona. Macoeconori Shsdydogethe nay iqnoe thea&bchrl tuchral ChongeA onsebeat.eleaent gote.Ihetefoe the odnelesioDduacon on.,the- Gas'i these could be aisleading Er-[ Acounta4 poa be expeneina economie qrooth but Hheiqoh coud have been ctaine o excesivë sbstibtion incanae, stionslea fso.locosihtocneto high ncome Jections.uh achange aoa Aead to nome dlspery 2..geneyal pricelevel onay Reemy sable but tnre (oulel houe beenaise ia îndushiak pes ond palinagmcuig goode pate. This Could be haN