The Dynamics of Employment and Consumption Classical Vs Keynesian Perspectives”.pptx

Classical Vs Keynesian
Consumption Function
Determinants of Consumption Function
Basic Features of Classical Economics
Classical Theory of Employment
Interest Rate Flexibility
Wage Rate Flexibility
Keynesian Economics
Aggregate Demand and Aggregate Supply Model
Keynesian Versus and Classical Theories of Aggregate Demand
Measures to achieve and maintain full employment

1. One Day Seminar on “The Dynamics of Employment and Consumption: Classical Vs Keynesian Perspectives” Organizing by Govt. Arts & Science College for Women, Burgur . Dr.U.Ramesh , M.A., M.Phil., Ph.D., SET. Assistant Professor of Economics PG & Research Department of Economics Sacred Heart College (Autonomous) Tirupattur – 635 601 Tirupattur District [email protected]

2. Classical Vs Keynesian The first main difference between classical and Keynesian theories is that classical theory believes in less government assistance. A second difference is that classical thought focuses more on inflation while Keynesian thought focuses more on unemployment. A third difference is that classical thought concerns itself more with the long term, while Keynesian thought concerns itself more with the short term.