INTRODUCTION TO MACROECONOMICS PRELIM.pptx

INTRODUCTION TO MACRO ECONOMICS

1. INTRODUCTION TO MACRO ECONOMICS

2. At the end of this chapter, the students are expected to : Define basic terms in Economics; Contrast different economic resources; Understand the three main economic problems; Relate the types of Economic system; and Assess the tools of Economics OBJECTIVES :

3. “Economics is an inquiry into the nature and causes of the wealth of the nations” ECONOMICS ACCORDING TO ADAM SMITH

4. MACRO ECONOMICS Branch of economics that studies the behavior and performance of an economy as a whole It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation Analyzes all aggregate indicators and the microeconomic factors that influence the economy. Government and corporations use macroeconomic models to help in formulating of economic policies and strategies.

5. GOOD 1 2 TANGIBLE INTANGIBLE

6. THANK YOU TO EVERYONE PRESENT HERE