Scribd Logo
Upload

Welcome to Scribd!

  • 36 views

    Lecture Outline - 10 - Introduction To Macroeconomics

    Uploaded by

    Dhanushka Rajapaksha
    This lecture introduces macroeconomics and the concept of national income. Macroeconomics looks at the economy as a whole, examining variables like GDP, unemployment, inflation, and interest rates. National income is used to measure the size of an economy and its growth over time, understand the structure and changes in different sectors, and help formulate development policies. It is defined as the money value of all final goods and services produced in a country in a year. Studying national income is important for measuring economic performance, tracing growth trends, and making projections.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Lecture Outline - 10 - Introduction To Macroeconomics

    Uploaded by

    Dhanushka Rajapaksha
    36 views4 pages
    This lecture introduces macroeconomics and the concept of national income. Macroeconomics looks at the economy as a whole, examining variables like GDP, unemployment, inflation, and interest rates. National income is used to measure the size of an economy and its growth over time, understand the structure and changes in different sectors, and help formulate development policies. It is defined as the money value of all final goods and services produced in a country in a year. Studying national income is important for measuring economic performance, tracing growth trends, and making projections.

    Original Description:

    econ

    Original Title

    Lecture Outline- 10- Introduction to Macroeconomics

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This lecture introduces macroeconomics and the concept of national income. Macroeconomics looks at the economy as a whole, examining variables like GDP, unemployment, inflation, and interest rates. National income is used to measure the size of an economy and its growth over time, understand the structure and changes in different sectors, and help formulate development policies. It is defined as the money value of all final goods and services produced in a country in a year. Studying national income is important for measuring economic performance, tracing growth trends, and making projections.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    36 views4 pages

    Lecture Outline - 10 - Introduction To Macroeconomics

    Uploaded by

    Dhanushka Rajapaksha
    This lecture introduces macroeconomics and the concept of national income. Macroeconomics looks at the economy as a whole, examining variables like GDP, unemployment, inflation, and interest rates. National income is used to measure the size of an economy and its growth over time, understand the structure and changes in different sectors, and help formulate development policies. It is defined as the money value of all final goods and services produced in a country in a year. Studying national income is important for measuring economic performance, tracing growth trends, and making projections.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 4

    EC 201 - MACROECONOMICS

    LECTURE 1- INTRODUCTION
    Prof. ND Samarawickreme
    National Income: concepts and meas!ements
    1" #$at is mac!oeconomics%
    T$is concept &!e' a(te! 1)2) -*0 t$e &!eat 'o!ld dep!ession
    - Loo+in& at t$e econom, as a '$ole
    #$e!eas Mic!oeconomics std, t$e -e$a.io! o( small elements in t$e
    s,stem/ Consme!0 a ma!+et0 (i!m etc"
    - To $a.e an nde!standin& a-ot mac!o .a!ia-les
    - #$at a!e mac!o-.a!ia-les%
    - 1N20 2!ice le.el0 !ate o( &!o't$ o( 1D20 inte!est !ate0 e3c$an&e !ate0
    nemplo,ment0 a&&!e&ate demand and sppl,0 -alance o( pa,ment"
    - #$at dete!mine t$ese .a!ia-les%
    #$at dete!mines t$e le.el o( emplo,ment0 nemplo,ment%
    4o' is t$e &ene!al p!ice le.el is dete!mined%
    Relati.e impo!tance o( t$e .a!ios (acto! o( p!odction
    #$at (acto!s dete!mine t$e p!ice le.el%
    5 To estimate economic de.elopment"
    5 To +no' $o' (a! de.elopment o-6ecti.es 'e!e ac$ie.ed"
    5 To +no' t$e cont!i-tion o( .a!ios secto!s to national income"
    To de.elop mac!oeconomic policies
    2" desc!i-e t$e concept o( National Income
    *" #$, do 'e need a concept o( National Income%
    7" de(inition:
    8"M"9e,nes0 a (amos economist de(ined national income as (ollo's"
    :National Income is t$e mone, .ale o( all (inal &oods and se!.ices p!odced in a
    cont!, d!in& a ,ea!:
    - Need not to inclde inte!mediate &oods ; -ecase it co!ses do-le-contin&"
    - in National Income Accontin& 'e inclde t$em in one point o( p!odction"
    National income 'ill $elp to assess and compa!e t$e p!o&!ess ac$ie.ed -, a cont!,
    o.e! a pe!iod o( time"
    Let s see '$, t$e std, o( national income is &i.en so mc$ impo!tance"
    Need for the Study of National Income
    1" To meas!e t$e si<e o( t$e econom, and le.el o( cont!,=s economic
    pe!(o!mance"
    2" To t!ace t$e t!end o! speed o( t$e economic &!o't$ in !elation to p!e.ios
    ,ea!>s? as 'ell as to ot$e! cont!ies"
    *" To +no' t$e st!ct!e and composition o( t$e national income in te!ms o(
    .a!ios secto!s and t$e pe!iodical .a!iations in t$em"
    7" To ma+e p!o6ection a-ot t$e (t!e de.elopment t!end o( t$e econom,"
    @" To $elp &o.e!nment (o!mlate sita-le de.elopment plans and policies to
    inc!ease &!o't$ !ates"
    A" To (i3 .a!ios de.elopment ta!&ets (o! di((e!ent secto!s o( t$e econom, on t$e
    -asis o( t$e ea!lie! pe!(o!mance"
    B" To $elp -siness (i!ms in (o!ecastin& (t!e demand (o! t$ei! p!odcts"
    C" To ma+e inte!national compa!ison o( people=s li.in& standa!ds"
    4o' to se National Income (i&!es%
    Real 2e! capita concept
    Dolla! .ale o( pe! capita income
    2!c$asin& po'e! pa!it, concept
    Monitoring the world economy, 1820-1992 - Google Books Result
    Angus Maddison - 1995
    B
    A
    @
    7
    *
    2
    1
    B
    A
    @
    7
    *
    2
    1
    Dicto!ian pe!iod #o!ld #a!s 1olden
    Eea!s
    2e!iod o(
    2ost-oil
    S$oc+ F
    1lo-ali<atio
    n

    You might also like