The Circular Flow in Three-Sector || National Income || Bcis Notes
Circular Flow of Income and Expenditure in a Three-sector Model The three-sector model is formed by adding the government sectors to the two-sector model. This […]
Introductory Macroeconomics
The Circular Flow in Two-Sector || National Income || Bcis Notes
Introduction Macroeconomics deals with economic problems at the level of an economy as a whole. The circular flow of income refers to the continual circular […]
Uses of Macroeconomics || Nature and Scope of Macroeconomics || Bcis Note
Uses of macroeconomics are given below: 1 For making business decisions. To understand the operation of a state-controlled economy. Pricing, forecasting, administrative, financial and other […]
Distinction and Interdependence Between Microeconomics and Macroeconomics || Nature and Scope of Macroeconomics || Bcis Notes
Distinction and Interdependence Between Micro and Macroeconomics are described below: Interdependence Between Macroeconomics and Microeconomics Microeconomics and macroeconomics are two major branches of economics. So, […]
Types of Macroeconomics || Nature and Scope of Macroeconomics || Bcis Notes
Types of Macroeconomics Macroeconomics has been divided into three types. They are: 1.Simple Macro-statics:- Macro-statics deals with the final equilibrium of the economy at a […]
Basic Issues in Macroeconomics || Nature and Scope of Macroeconomics || Bcis Notes
Basic Issues in Macroeconomics The basic issues in macroeconomics are described below: 1 Employment and Unemployment : The major issue in macroeconomics is to explain […]
Meaning and Concept of Macroeconomics || Nature and Scope of Macroeconomics || Bcis Notes
Meaning and Concept of Macroeconomics are described below: Introduction The term Macro is derived from the Greek word “makros” which means “large”. Thus, macroeconomics deals […]