Scribd
Upload
56 views130 pages

Economics Notes by Sir AQASH PART 2

econ 2

Uploaded by

bigbullcommunity47
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
56 views130 pages

Economics Notes by Sir AQASH PART 2

econ 2

Uploaded by

bigbullcommunity47
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
You are on page 1/ 130
Economes I-TE _ O- Miacre Eeongmiess To 4 - Public Financing) m= To 2- Erevay Poliey 3- Major issves ‘n. Keanemy — + - — Privelization, Denationmfization, Deregulation 4s Soci? Sechr_ Deve opment the L- — AGriasltre deveRopment. 7- TrdustrioR deve Lopnent- g- Panning Experience Abbie f: crake Debt. - PR pbs TnPloion = mnebry poly K sinew Begone . : : Compton ~ — Gower crisis ~ Polictes =| Foret Aid = Sipe Could Sangeet on So secbr poi ns 5T THB. | vstesfimcre crs uy} Sitlasvs notes At Pavel hod 1 have piepored _| Fasve_.in Pal shoo Ecanamsy - __S» shkhec22idi— | Se seente Suri pele Peeaulive summon — meas, — j Piblic Finan cing Teplc_4. Goverment Expencives Cronica Reset dityice incdude_ esis: ‘nvestment and all trans fen Payments - Curent Consumption _expenclitwes on ‘ Goods and senitces re -coment uso bret Sots ineliviclon 2 or } be fDetst Fie @ Respasibidity ancl’ Debt Dinilafion Act wake. -deReeos * 2 GREP S Bie Dells as > Debt — aned y Government _setuiced gut of . cons Gdated — finel and debts owned to te TMF. - Classiftation. a Trtera® Debt | 2 when x able fads_that tr UE is nok posite, te ebln — rtherr many by texetion, it resorts “ke bewoning” Rin cifizens and Broncn® —nshlrtions within the canbe, “Taterm! bora Th te Shee is_prssng, hrdh vey criti peried , Man it ton borrow oll Ba money whith te nofton Bren. * Th Bot cose ‘Trade & Trolistey will suffer t a Dot because no money 15 LH. fe bp Doses iis | + Th. the romo® period. gi hawever. To. slate. can holrou” Sapls Cards [ xe which ‘sre Deft th Re Lusmessmen. often. mechng all Ka needs ef tha busines. Frlenal Debt J + In’ tite, — Selena ® Debt. \ Gi ferre Honk ancy markets, Foreisr gots, — $ ond bee Jaternoticnn Q agensier he. a 4 IME - ; a z the « sfte #8 3 és . need of money, it tits to. fet oS mach a as it cn Br 6then shales. wl _ Te fran gots se de nat adeone Lion ttt o Lint hy gf rainutely Steely he Exelgcheary posthes of 4 the. berroving Coontey 5 he Tx Beoring « | caprit) of the. pration, — fer capltr incor and the __ puypse Ko ich Doon iS esired . C Paductue 2 Unprsdluctve Oeb! |, - Ke def 15 expect to cele esses which will Hell tacoma ‘t Pap. the. Rinople anont and dha a : con_ihy is brown aS ‘ Pralicdve feb? Tit Hosen has seferred such debtes ‘ Rew dochoe! sn On. be other ~ hero! —waprilaie dell tet tt pict for Reso! tamed eset of hey unpre cliche ——Aperclite e & & « ‘ 4 —=( 4 es Causes of Theceose in bic Ook s 4- Wer or War esr flo Sp 2- To. corer Ha budget ele hats. . Cn 7 Te under hke bli wel br sebemes § te tge_f _Pconomie Growl, 5+ Tae fheien cvs of Uc organizefiens ano! : carupten. . 6- fo curh Tr flahion by erttidrawing Purchosng — Powen hema he. Pebbe. Shing hinds tis 1S vey inp mbhedl. A dnd crenkel fe the Fepagnedt ach every Bon : b seftin§ aside “ ct rtein amount veny fer oot of- the. aurent- —- Revenve- Lk Qation of Qeeplos revenues Gis Is an wld mohod and boelly eut-of tne with fa. __mo lem Conathons. Bualget Sept Coen where Ht Connot 4. by pat a Common nomEn OP. Bone Sw yo, be used tor abd any. sushs tontio€ - rece tion in Be Tibi felts 2 C- AdditonoR Toration, simple mLted- rie - C20r Slrongly Yeeameendet * bY ” Tee ee eee plo. 4 PrePoyand Eat” nee - fhe fa Yor on Asse 3 - Prchese of Gut Qords s- Te OX way but tts own Skcks in the wevle® thus wipin, oSP ats obligobien 4s the extent. This may be dere ky the oy pe Gein of surphr revenves or ky bovrawing at Qew rote ss it ee Conelilions ate Weal é. q co ae x Oe 4 B= Torwonob le Panviter s. ten tbo hkended amp Bkly ty wipe ff peiranent — dlebt, TF may 4& anronged am 5 Rea we ter . by + 4 a Roy. tte pnt 5 kB aiy chy iced emourt> Ley numben of é _ Yeors. TE wil Appeor the), urng fo te time dese aynviles aye beng poi, at dare nil bE much Breeton Prem on ob: Pa gat Bases, das when caly r _tnterest- has to be Pails : Oesanins vot SA fhe Aanns ok OH Yotanest yele toons + fl had they hae. lege abe 0 tnteneshe was MGh Lowy 4S it ths tote Ban. caver? € aa NS Vedkt Dow inde - a Leos rode Loos ; . rT | Frimory objective wf Public dekh manag. enon ‘ aS do ensure that the _ Sovernment'S Fomein§.. needs E { and ids payment. claliQodions — ave mot oct the | owest Bsstbte ott - oven the medium | fo Leng team, yclent 4 | . Cor sistent with che gtee ot: Risk. e © meet _belget ole Fact £ Rridse Bersind ) . Te Fronee eleve opment Abif Boots) . 0 To meet te eeRnses of woar/ such sihehons o badent wy tthaotien of cew Lee de he fiSho, —@cmomic Blane ancl o-dels to copra) ps Sewice and Repoy alert ond Public dobt. ‘Teel’ 6 Fiseo? GB Miey Quoted se. Spending ond __“Teoetn - Pues to Ronete. Shabba. 2 Guatomrave Pretend (edie __ ParenY ie ” Fiscal Alley ts the use of Government Speesn] ond foxotion to tr fluent. fhe Gon ang! “fisenk measures eve Sreapent Y use! mm tancom with monotay elegy “4 achiewe —_certan Goals. Te fies and Epencthures, Bal Prey has dor ils Reid of chon mortlers hot fe witthy Governments mm Calin Onto €- The cal Cnseaences of such actons ave Prtelitfoble ‘ i @ A. clecrens im Pervenel —torrnton , will [Cool toon 'merense in Gasum ples, BAred =“) with tum have = Shinulotng. eb Or ection -t yy o* O_A Retichon i tx burlen 0% “tT corper-te. Sector will stimvlode 4 investment, [ e C ot Ci) Conversely A reckiction in BP exp erctiyo, © | FP _on__meveise_m Tox Keceve y wh», @ ——Lonpin of ection, pas Hy eb Rest of -certecthd fhe. ecenomy, a 9 PTW Y TY xg eu 4 eee a \ tow en Paley ~ works . { renege gy ee } When Relsymaker _seok ty in Plena ecunany. 4 We have tvs Mein Cals ad thai | alispemh~ —_ sMuretery & feral Bltey Contn€: Banks Grget ach by int feocnag ‘the Money Stuply troubh ofs bck bh QO Ziteret Koks a Gank Reserve _fearinemenl® Slee rchose of Got secuihes eittin flags Govt Li floence Ha economy by shonging the Le? ord Ties af OFener be extet £ camppsihon — AEX onlay ond the degree & form af Grech ie Got ctectty and Freclreotty in Ploeneg the _ wos Ke spurces are Used in the een ony, + Ose Seu oten eb Maboro Titame Accom) thot — meosures__ ovfpu_ of Economy, (CoP). COP > _ as chi toga "Eanes. of wd g - Prole_nvestn ent a Qe Prchese_of gals 2 Services.bf Govt yx ~ Auet exports ( exports ~jmpretds - Tes eapuation “abe bt evidart Hat Got an fhet — SOP! Conteattng. GC tect and In Ploenang OT mx inclirect - Thrush hongee in Tawres, Trans fas ard — Sen olin - fisal cy Sot Inevease RITES PQXrerd) ef alectty — throh_ an Ineneose jn Gov : SpendnG 15 colt » Eaprnsinnrg or caste, “ Pisco! Poiey when — Reduce Nagreser Deron el Prod _abecreosing B24 — Speneing © i celled Confronctienery or TSF , ~ are re, Ob jective ¢ € | Tr Shar? Rum ap fa Lang Ruy % ra © Atetieoncmic sbbicty | 2 Susteinable ath € f Reduce Paverly re 4 ‘ cr fr eomple 1 “merersing Th the. Dover tun Weg | ~ sperct). or cuthng fexes\ drivers might be Hebvaliast a 4 shimufote on | Levels, ems stephies, or & Absy Sesnoms. | Webiah Resouer Sebkode © let | Pond fovord Rlveatin, © 2 __spendixd or folSR_ boxes Liteshovhre » booth cose» A 0 Combat in bebo rise| te _Alevioge “Buarly_ ay Qn vcefh “X/ f. = Mey, - Srophico? Keptesentrtion of Z& no name Deane by or wto-Hh ineayua lity . ardion cumvulahy Tepie T+ Debet Ginondng Dek: + Groncing. is- prechised whenever expencthue exceeds governm ont seceyOrs.» The. difference bang. macde.up- bd i Loriounsng or minti§ Fev frrols. — Government” Reasons kr Ochi : “Guaged le Fei] rmy occur by Awan} Lax tates or -nereosing aqpencll ores. a A 4 q 4 o Budget dofeit may result Br Gorernmen inePPaeny, - vo feoth3 wusleytenc! ax avesion or unshhl ercln9 rothen than _operoter Z) of a. plomed Coontoneyelicn pg a 4 a4 where. Sap ip 2 merkets ore nderdeneCaped, te Peit francng ony poe the Badin dob - + fo Geisn Credidors. es a # “Debit Rdget De Rot Freeing ns DePat Bdgot re Pers fo he sthnhen then * —cotren__ expenditures exceed — cower “tewenue- pot Consicloring items in (Capit! Accaund. hab — ORF Fos | * die, ae, - taces _ ad a J < — ha Weeipt 9 Abie bowontnf tha ——§_f elk. eo i Gb oar e 10h andl sponcecs os Covent ~ To unchorcleve liped coun" intréose in MONEY £4, ° eh ae bench Bon gia gp The copitel meilet is ctotemmed by TinF (interest ret5) The maim cause of doRit Rencin in Rlkitton @ Traces © in Got Ecpercitwes het Sevelpment 2 nen cleveloyenent by tne.» ® rethectue balget defets Fane are nefectue fea 0 Prlvaes timplanened tn Relish, endl — fea? inalscipline oe fesvH in lobfe elt Fisex? dé fat + Fa arg dele jy 199Or wes 7 of GOP. Ka cheb incteosed fam . £4 of 6COPm 1990 Kot mst poof LY he mic of 200%. A low Saung: The pope are consumption alented. Que h Adh conamppon — Srir§ 1b 7 onl. Meosures to minimize jotta heey Pressure of. Deki hued): T- Pober clin Patingy Fol lig. 2- Reshictie monthey Daley contre ® nen excentil EE 8 Paper ellocalan A yeoenes Feosing om Agnectlore and SIE. 4 Qtuclapn3 inpart Surpluces_ far increosiny the Self t gue. Cnsequens Af Dele Livnatin) ———yupfbodini— Jn Tawetse In mat _typply_uih te Abbe’ o- Rein be Lave of intome. Q Ree in erent 4 — Pecochon $i4us& of Deh Pian a en @ Cashel wath om Pe inde Cece on sel HE hell be Anahed by Reshichee oK=— G) Reess monty soppy 5 © Rise wages ape fe See Gegt Covrdry colds @) _raygrt WH ILS CIC of Ooveshs Topte8 Wet Rre € conamics The study of how The allacatien f- yesourceS orl Joads a flecks goaal? wolPre. Dos reletes _lirehy tp te __ Phseng, of @onomy and income istn by ten, aS well oS how thay atheck fea _ overall well being. of pope th We eonomy . ta Dectio® welhve aan seeks fo Oveluede the easts and Lene be Sf Chenges fo fo ecenony and Juice Policy -fororel incvensn9 fe fatol Jed Ff souety using Sch hols as cosh bre kt one lysis ancl coe wetlre aching, D.. Morgnal cost NVA aA L. & i » ‘Saad. Wy > ed, Macie Conorics Infledion : Teflatin, nay be cbhagdd 08 (2 — See upeord trend! in He genool uel. and rst ha prbees of only one of (A persistent and ppprecinole riseln : at He geneml Lowel of avenge ol 7g Pues ) C: Ackley ch beds rb Supposed causes ma TrPldion exis: thon memey supph/F exceeds | cavoilable _ goock £2 Sawicer. tr or Cudget — ole-hest Bonding: whith may be og! Boned by ddldtiono® — mongy —_ereosin cm | ¢ | i THis ast Aidh, porces but _risnd price Lene hed [ i consthtejnPladen. Hus , cbuelung worth of money of Mensur : PBF LShile_reosurng. inflation me bhke intr oceaunt | st olarge suber SP Gini & Bnet sett by LIN de pope of a country Coster of Sets) a i] — And. then arlovlate avg Increrse in price ever a + —peisdof. Tne (& mnt = jt ornare) , H Po = aneI = =H Bas A + _.smedl_rke th prices_or_ Suber eek CPT z Joe 8 2 nise_&_nst in Pato» gree tey | Putin ede eo 28-13 snap toll set Pes working 5 oe _ ase RG ‘the. mashed ; x (6O=6b Tapes of inflation W the bosis of Causes. @ Coreney inl bhone by printing currergy notes — So GD Creclit in Padions Ts com prohte_commencio’ = beak senction mare. (oan! ch wha Gabtte hon 2 who the. economy needs, such creat _expansien Bence te om rise in, prise baa ors, © @ Delet tncluced tofbeton: * CBrerament mar ok : centr2 honk te print nove money Te meet the ‘ Dep of bedlget defert. ( expenclilare. > yevenve) Fampin9 archi HionQ — meongy couse rise in_prite> Leman Pelt infroiion ; Ah increosein oggegote. | chmand over te ovwifp.ble oulpt Les too Hise i te price Lr0l. @ why aggrpe te demon piseP Asihysdtion : f InPlotion | | = "Demet tien chaatig foo Bu- grade” a. | @ — Kefneians hod o itBrent argument Autons Le 4+T#tG@ +X -™) Jntrease. tn Asgregote clemonC). . Such.as rise in Consimphen , lavestements Bort spend, fox cut y net Increose in. exports with, ho _tecreose in San Teh! Shinde 1S ors Bonged. short. of fall ror . feoge. algt pf Bil ola title _or-ne__fise th He erie ul Ronge 2 | chomond tists, autre. r as ae (more manatee) eign begen b ME . Gage 2 sikaton of all plesmert shee output. does not _rtSe ae hes oor Pisa ———s ¥F Oepit available a) is ts ‘OL In.creose— © Csbh _Psh incoton overol. ost of Pecbetion may 1152. —pree — ty on 08ny» coed of Prsducehon in crease” sis Aga pats OB rues aston Ee Laie PEE per cwoges means hgh cost of Foduction: Increose. _in___pprlees of “=e Shoe bdo MEreese, [egetten] in ig > eal cane" [egetten] ig > te, safe Galloping or Hyper inf lotion ; TA the. rote tote of amual price inweose lies beeen 8 Reond 4 Pe., hh we have. sithertion of — waiting in fodion(melera ke). walking inflation may be converte! tre 4) tuning» which ts. changerus, iP not conteled, i 4 maybe convertod info goteping. or hyper ndfosion Hts.on exlome fom of in fetion when an Ceonony $b shattenca trabuble or dnte Lgity, 204 (60, 200 fs aye, CS in aint atoll ac Saige btn OAV FAP 4 yh yy” ti he idan diy therg ot merey Shdee thad Hh Cents bank which __Contols He marty sacle fos ultimate contro ever He pate of” intahon— ET tl bank _increoses the money. ~~ spl} fopidlys he price Leek vill re. Yop). ao clye to Increnkt Tachspuable fed. Alt_ Govts__spenc! _meney_to-— buy Spoels_anol Senvices L-tooas 2 Poke, anol £2 Plovicle Tons fn payments (. Ber the. peor 8 eller), Govt can feance: ik @xpenclitire®_in_ 2umys: “4. Thee gx Bones fers Bislie. Z- Rating _maney- when gov? Penk — money to ffnrave expenclitures, HH increeses the money — Supply.’ which couse infotiss, Lthen govt Pints money & t& vce. pit makes Ke. old money in He hanclp cf Rblre Les Valuable. Cand Ws & prinesy cause of Har inflation). Ke. ends of — hyperinfloton Anas olwogyr Coin e- with fro? re hms. . Qnee the mognitle of! He Problem becomes apporent, fle. got musterns the pobreaR evil ty recluce govt Spen clit anol ncterte.. treet ‘Zn bor fon @. ase studys Ta 80, Anew Curenty zimbabwe $ was intadyced. A rephce Rheclesian 4. Br the tert. jn faction Todo nos rode! 10-20 Pe Per Yow 12 T1926. gait ins filted cn stomes_Of— loncd seit — with the _astnsible ___purpsse of. _sedisérrbutiag- Deed! Ae hie minoritys One tesulk of thee — veins eS wiclesprerc — Coruphin. DB ato — Arthen —_result_wes 2 clecline—I fo Z 2 the cleching. in thet Pennoni tte nut +e Led — te a ee i m te. Gut _tesponcled__ 4 fis by prinPd + pay empleyec! Solories: a Lend to bishen rohason) CA Mone expen sion Th Jaly 2009. of feimly reported n foster odes ait 23 mitten Pe (4 ee gerdey ). Zimbabwe citizen's —-obseribed the sidaton oS) GAP yew clei. get «bill collected in 42 hours, ft is nef wyorth §— Aslleedng becouse itis worthless . Lryhenever we Fed menos we. must ine din toy speno! its Hore tas have ony sovings fe" | ETRE CARE Trin Ficheny) 16-2 9ur7 Fone ~for= one. nfuente of expect a inflation on des omit inteenest- ronke. Vewwaten) shies thot He pominaR in tenest i fate bs Be tim Sf Ha teal end expected __inPlotign — . pete I Kh Em) og te nominn tateres t-. bate, ,_ ~id cenit : Fon Pug) _ tea! intenesd fade ne Interest vote —Tinecene sur Rorcesind els Mominel TR» Ta veparded withat covrecdion £y in flostion " Th 13 Acke@ rise tr __tnemes Ret TR . 7 fe ae TrPlation adjusted and tells ab: thar rise tn affirdabibty 24 Goals - of A4oineR rade can charge besmuse of © Expected —inPhtiy oc Betcouse of rend interests x According fo dhe —_Fishon ft Pt increase in a the inFohen rote m tn couses » 2 Re L Mneveose in the. Rommnok —— insterest rote. «hie . TP loton im.” PLKi stan ; What as tespasible Rr 2 dist in Peter ; of the Pakistan? t- Thereose in the Pace of Qosds ( Coed), You materia’, Rels ard mau Ptwed dads. Q- Ta Platonary — Cxpectatins B~ _Te Groth of money supply in relation te Gor 4 Increase in omfes and ewetse Tames 5~. Canengy — clepriciotion 8 cleve-luatien ul & tidhen — acgrico Ltora@ Support _pricer . Fe. Anereose im ha pices of uhtvheg, & _&- Sopply shes Dike virus. Incueed, rc 4- Reo clucton. esser due te_ Power. dnd - : ‘nfoshcta? — foottleneolss S 1o- Treveose \h_ woger £__ shloyier- eo dt Tas PReewty Aight Rod Glides, — with high budget cle Best meng a _—-—F] upply checks. 3 a : go te ‘eel onl BHO. gh “= ereutr ee commedity Gig chat oF te 78 ee ss tend due te .cep Rose. viruses 4 ol <) the prices of these secsre (Agri! ne of Soule rise. Gort usually have n0.,c0n Anetra Pair The classic ‘quontiiy — heory of may” specks Fat 3 mongy meveases » Se will — Aiee#s alse, a trono teee! hucbet cleft wall Pit Farther presse oh price. | r Os Relig. +. oh A. tise. & exompk, sales hxer | ond te oltie ts usvaly pases! = on the Gnsumers fy prockers , . | fliggs Paton: Pacwemead: spinar By agriculture. prchicds — | dhe prices oF which F the Jor — boy wheat, cots, ond ‘ | J————Suform ave. af fon AH fered fey, roared | Phe as te oat Oe wand fs os eel ; Cerin. cmp, — subsidies the O_o cer enin dt pile —vill__caus i ingvese. <—yoicae _Oncavragt —t ad Tn additon, ices of ublities such of G5 electricity, “ ant fel ore regaled by te governments ond ROBE eh all te nin ne ene i Clemak Shocks: ae - =) As prices abroad rise. end_oS godt ve are imporled ints tha. ante) ,InHrosion ro “is offen impor teol_ os. well, os these a) Prices are ysvally —— Gen far ow — Small ft gpen_€conony Like Vakishn ——_morewven © kmluatioh ancl high Terri fB alse © false Ho clomeshe Price of CommeclHtes. . th & peesotions-; Uw —peaple expect. the iftion rote bs " ; behave in te. fore will have bey consequences Bo how 1% actolly behoves: . Once fe. GepeckHn of a. pre VER ore built inte Ke minclsef of Consumers these. expichdins ve ohn reolind. oS 2 Preucers.. buill no plee al Cbpnsem ew ? in han Keane Bena laters e FY ts alse mere AP heolt- E ndvichae ts : pulse Har. _@xpectorhons hahunyoles Hid . flee as much ager fine Hon aochoshyp —— € < expec htisne — prrotel, mt & WB shuchrn (_nchiut duced aiterS Mu avid & vepnsible Ar infloborp Te. emetgence of evid-0 L goein Asbnein) shale gir contol her panclomic have afhelec! clemancl & Supe Peres the Globe - interest rake b contre Infiation, id hos now Sharply cut the holly role by 5 bosis prt & § % ve te = feed tibet. tneieartl, treespartndlen’ cece SEP wos mdintoiring 2. cli Sit — & supply — clistaptiens. - fer Price Sdoobilety 2 Gord pursed — cambinohon of Polis _aceossies @ Cutbitnd Cnet Ekepen eli buee. Orb roin8 Aa prodvchvity Q) . ensuing ovailabitfy of Gene @ Fishers. investnert Re Shee loding — sedgut Govtl hos negated a feted! the whde Conony —€Sfetioly cloily wots & Poon Dotlar—rede—in__Pxheis_ton Paraush_dbe_o-G2S? Globo Prices: - . : 7 ou _-Fhre prices Plongect below 2016 Be the Keb tne in hishery in Abril. 2021 os the covid Onisis cause obs 2 _clemand ts llapse& Ayes were act willing 4 tale celvey, of clude be couse of Lack of shrage place Tre settlement Rice Br . wT B crode contacted on _'20-April 2628 wos (—4e $_). Mow th brent code is being troeo! avound $33 x bewe® Govt steps conte inflation. @ Pawy measures ECC oftwect jmpord of OB millon Tons of wheat te deeteese the lea wheed Pree. Ecc banned expo of sgay — Olslontve! boven Kum SoP_< Te contin Ried deflat feshrctins oO” Bronte curbil Infaie — sap Poley mde cot , ky 525 bps & BT = D® _ Aalowishotve menses = Pace moniteting coll. Sash: Boar - CCP to sole GQ Q Relief, ensure. Etc__ appre FE bitnen — technteal_ supplementbry. Bont Ee _ LAU Shore Corparaten. = Bnoghes allen r Daly bree _teleecoher on snparte__—_of FAL. pipshsoden — Plmeil, Puse— How te _corkevlote in fle HO he Good! Bose Pie Booidntiy..| 9.014] 222° 7 gris ry shops af bp fe pee oi -ae GO}. ge 4 _Shids ee QolB= (10 xls ) 4. (5 x50 J=.- (2.50. gog_2 (xi )1 ox SoJ= 2500 ge2 = C19Kleo) 4 Q2 X50 Je 9 Se C0 I= loo. aa BOIS CPG gee ie aw Stes iad she se Basse = bese flied . CP hit = x Les me COT ae. hs bats «Ce ae a ces fotergepr 2 — CPT4 ee Ee ee x 100 mE Boned | Fontsd eee = Le. aiden, Smee a ‘ Eeculve Summary he SS c o_. conecd athe __macraecononie Imbalances, yf Caatisdti Poirot Axheat __obeisione ot. f upword adjustment ‘in overdue Gas 2. Aechiaty Prices, market = based eachonge rate A adjestments ete © Fuirken more tnertose. in Comneclity prices tn intematool? ; morket also pshed up te clomestic prices. Doing Fist Zmaits. of CEY, in Plotionary Fressure were gbseaved ond headline inflation @ rose ty THe 7? iy Jax 2o2e- Mecro Eeanomic oveniew E2020 intlocion (GDP clefiomr ) Ahrrinol CRP Groh Reo) CDP: Got Gare “ ‘nfostion. « Mon ted - hon energy infrosien Is coleu (ate 4g _ercbeclng te Hod Frap ond energy tks form he CPT besket. Tee SOP. also uses core infotion wh Benvlo ting ifs anorebyy. Pe ley. os - WPT wholer® price indie — pica of Lt ems es we WIPE are being catlected fom (ibs. golf GDPoek + x (PP 5 h meee Coates 2 nm ; : Bn? ol a aah e tr_—_naninal GOT " hom efation } Ase 152 fo meepichiensl® fie = Gacesr of —eanve = ag known 0S pesenn_setile Ios 60" Gor defiok = a oo f. Zool 6D>- ce coi dell ensue te. Oe bss tare ste Kk. Gb? defacey retech the overall bevel a of Prces In Ke. econony ( Arapres Level ) s on] Ren @po- meosureS Phe total [ncame of of everyone 9 the Ccanony (a dusted fr ths “Oevol of Prices conslont GDP =~ infiotion ojvsted “hreh ts He velve of devs Service® en méosueet -ushg & consent Sef of Pero 4 Geol G0?, 21 207 PX CL rime + PKA ahi. . : (2012 Prces of APMC \¢ 207 Gvontity af Apates )< { (Del Pees of Onis ¢ 2817 Ouontily of Oronh | — = meosuss fe ounent wae velvet the rlpst od fhe 2%. ae . 04 the Can __ e- Ee frites tet consumens actually poy he Goad & senurces, nthe Coe 2 Re y ea Be parr mis = Rent 6OPX ae slebledes re of infeain (Shetty) 39 OR Pclelleter is the reans ; Z The plies Carve. : “ni ne Pataca in athe mactorin haw ised 2 we thot the tectiotion._ rrte._elepencls._oh 2 faces: . . b 1. &epected in Potion Shams a Sroply Shocks WS oat - gee te deviaten of enemp-Aayment fein Dee nahin? rete 4» olled — eyctica. 2. unenplyned BCu-w) ® bfoton mn = Es B (u-“ud) +? cosk -Ash dmoh SARs 2 SRAS4 q 1 wide cbal ho E i E ce ; tr) Shart ron _agsiegate spy cove hie 2A — cousin a higher + Arte Qo and len teal GIBB, = neces cpr age a ee ans one pe ee | ibe ri an. & nc fect oy , Tihs veh _ Lonomic aan clp-— ™ ae il Sis eve lepoe by AW. Phil st ‘Priest shtrd tat natn Esmee a relation S-hép - ; ie eo a i ae Cah 4 Teoy clo Co cones int lehon —ushich in te shovtel feod th. more Jobs and Qss lina oaiabint C Pine = es - Tach fester a = é wage ose wl ° © wn » 1 erat T t one 5 * e e ir 3 ; a 3 ‘ Ay 123 F 578A Unempldy a gote of * D Teer FRSA depreciation in dro i aa Qochomye rake con cata _detevisration of s \ Mee eywente_aceant ‘nthe sherk term; ran? o Yoweve ty te Gag ivr, fe clemand becomes more price epste onl Rene fore, ond. therebre the: t —— AS_Atn_Exowp, Oot oe ius Benes pes Conc @ck Cocnemic_ polrey, + Th lke shes = be "eae ~tnera sansa eomile Cateskl Py ACE @nonic eutcawies (eorent Aecenb) «oP ————__Tnedeen A duos tag es s . oe 0 Moderate inf Iption enobls' Reonamic Growth © “ odlbint inflation allows adjust ment _ of ren.Q Wages —o_ Sloderate inflotisn Allows Od jus reed of Price, 6: Tit bobon is better than he Haction luce Cnr Coe Feoession C ho in PES Con Increase Feel clebt burden onrcl —— clrscovrag & pa Sand _@Invastnot) Agth "4205 oe gratis tn Llodien rs Jem #1 Pile in 042 %/ Tepe cet —In_9292 4 2000, Pf Sovarane fn Dll: bo flee... | / D isodvaln ges ¥ ; b Create. uncertain, £ GYower : invest met 5 Ligh in Patios feocs fo lower Growth ane be ss cla bi-Rity ote, D- Redvyee ‘nternodiona ? sapien Pn Sauer Low the otkecd waorke 2 te The. Je curve effect is a phenamentr tn whch a penisd at nog olive or un fevorable velyras Is Eiasesd by ow 5raduat Yea very that slabi@zes at A higher, Dawe 2, than bebe te .clectye: The. prem appears os I shap. ona Hme Semes Fraph Retom sovplvs ‘ dion nevalwsy 5 peRed Hobonal Tacoma Recconte] syskmn Mol metrsurec otal, Toe ncents nh 00 Gop and my Gor. 20? he lie of tha tee ABP art Procluced —insicle - 0 county luring » Given ear - COP, Oke all mensures. af 2% Gaieek. meome jit -@ LO Sgure accruing oven the Pair ol one JE GDP ts de thO market vole of all Goub £ sowees — Aarcloco! —cthin he potion houncbrie. of an economy bring a given pentod of tes surly one Seor fis: is the. Goverment 's oPhrk PACESUPR. af fav mauve. output our Cahomy phe heey, tts Rg DP Som ofbe alu flee! BY au Medd: 4 erties in Ke_ecinamy Ae@ar sa Nee 262.0. 9 Uaolola 36.0 wav exdos % “ODRSHSNBA CY G Sallet im valve added > Pree 4 Gof 2 vated Valea Hed ee Soe Tee ase Ahel ets: Boa Pedi Sim od? 0. tha ban? Qoocts tragsncstion faking. Phse inthe. Rooney or ie Sim Fal) tha Iincoman.__ Carnac _.LY ell_the Badors. of Prcdoe tan tn ths. economy) 3 ta Lond =~ Rent (abour, > weger> | = covieR > wheres ‘Eat Fiteprenovrship > eaWily relurn, OPRrene tlw Vélue acted and Telol value Wee added or GOP Zan? Bim As. Podnes steel” rs sell ak da Be, eye Bin B> Guys —sleel mn tomece Hoan praces 1 te Croduce Yn Cov body __ wrath Deo vos Fim C+ Buys the Cow loedy sada the then s parts and sells’ car =) tySer0ve_ _yave of tnsactions 1 (eeserb 4b. Doerner sb Lesozeee. = 1S0y0° GDP = sum of -ol Vode mebdeel.( Sintin salts) 2 (posoee + (2590 -l00,e00). meen __ecvboe st _2bo.202 aH Gp artiona| al i : awit Diices» all. taxd Gasdle at: sonnet __prrecaed during 02a bys the. cites oft country. tha. Letors pwned by ie: come! by Overseas oS. Tus the _jnce ewe. but. exc bicleol. fenmitlonce _-Inarkided!’ i bm: -&D2: é vebroad- wine / MVotienal Face me mothe maticaly Medion @ tdme rts. ted nstisna Puolet, Kis CNP afeshd be clepredecten + URSA BNP = Veptecmtion. allowanee © IR [ Tre_tobal income. Corned bY lhe cebizens of he notional economy 28 0 result of their onnership af fesoureer ysed “inthe groduction oh Sook guds: & Semiees, . Vaca Sivek = Yeas SE Bs if the Govt. offein€ siete fou ruth income 1s genernbedl bY -R&nenypu is he vale, — tt —— Ob oF reer loo NS alleen _ 7 Le ees. 350 - 200 asain Woranel SDP Jeo @) =. Mominol 6 PP “Jeor Q = EDP dlefltor - Pf feat 2 Grerndee ot Base Yeor Ores Ggoxet y+ Lend 28d (Lolo 0.) x Sor 2 Rice mdex ot Yer 2 Prices (ax )4 (yoo x 3) —e O50. CBP elke = | = Dy x lor ‘ ¥ — SET ete Sosds. / oe [Oo "Para AS alah © bp ee (or. x te) + Or3 x ws) ges | (eso x 20°) + Ry x 150) Reeki GOD: Bose, Years Price 201) . x © Lool (est i & (Re2bvser xz 50) =e ood (B41 xis) + (Rr x. leo) Z Door (Rs x 2) + (RZ xX Iso) | =& aie A at net _|Csbnl 60?/ Fool GDP) x tor _=(deyfrccyecte, |’ gpoeite~ 7 rroor._| CAZomnol e/ Peal Sp?) X lor» (603) a te0 | —_beppste 20% 1(abminel 60? / RealG0t) Xe. 3 1207/50) xiv0 | | | Can SOP measure Economie 6pe telus, bow much __ feaple-—-00" oO spend overall» Bot itd oes net ell = ‘ had ap individva® orm of pene & Tot is why people, coleulate oe (aor / PePulodon) hee Qual Eeecoton Gusrenhe Grol from tts of eo. Ugh... BoP cfoes not at rich een tS th Rople or childem - con alfa better hoatthore system: _ © 6p does net measure Qisue vas if pepe 6} «ark Zays a veck GDP will be high bot Reople will nef be Asppy- Be Mery —feuschalis _predce but cla ndt sont at & de the motets chat is wuly nek sham in GDP |. ast Pie Rrckyprel vegs.ane —childven clothes. ye os? Fae oss / = Db paeka 2melbels Colculoting Gor: 1- Kependite methd — - 2= Theeme epproock COP ond Eependibre mettsd- Nechiono_ jneame aceaunts iden ys ———— __ oulput = Domeskgl spomtns + MX Cy. (& $9 eulpot) o( CHI 46 = Domeske spending)» — IM) =, Mt &xportr). peahtEncicalculahnain GOP) Se vongianR Jods wide A ahs Rrsona@ Consomten Expenditure which \neduder Aus car ete Bread, milk ole durable hascheld goals, non durable Consumer Josh. wedi te 3 and Cansomer Bowes”, ( layers lec tors )- Dameshe rveshreal whic ment QAU. Fos. Recess of mochuny , tools @ At censbucten QMetinntr- Gat Aarcheses. of ott Ro Jads end all. rect Parchoserof Ksours, inelucling late). Reet Cecports e Amport Shy Nex export c x - Im.) eae LP ecports ove hithen -Trade- suppter if ex port are _ fone = Tro-dle ok fads @OP =Moms 4 Wet 3315 S74= qisot1_—_— t-) shows Sf GOP and Income appreach- 4 felis of — Preducsten > land __ rentcereaten! Cnniht— o le , a Gopal wages: Reat=5--inleestns Profits) h RAMaZoN hese 7 bath ued colevlot™ tn fled CPL vs GOP def lotors + Gaels loought> hy Goeds domestically Prdvcast Consumers, > ePRoled bY import. | - ©PRalect bed Recent tae Casket F_ 1s. prohctn _besecl +B shes prices hosel | « 77 -Shons the prices bn thet consumers beset a» rhe is faba Reduction 0 biGeks, aur iit a p Caeten: ab theses hate) — let = Rheorrenrrrip ~Lealtiag GPE ¢ aA Aa + i eit): Ds. BUS eee See. 22998 ANADA way ex ier ee ; toy ARB irebesin AeA Reig = PpP_meosus Ll COP vecagnizer the eg thet A Gen omaat of income in one iS vm “Coun fey mi net be oblete_purchase the Some Yuanhity i 4 Subrer lor tn tonsthes candy MRE PPR SBOP ee copthe is. care sensible mreoses fr 9s 0 fpr Compaen ets tan fhe uinterintos tevelepmend:orgornirn tions £ over simp GDP. ; emcepiheGOR. Te bh GOP df Coonomy chided by the novof Peode in the: Te. SOP of chin might be Cconehy: bigger tan COP of — Serbrey hond — bot tn averaje per copita dens, Gartvat Lome !s tome might be severe fins that of chan tbo go 1P chinals per capi... tncowe 5 Vipoth of _swiherlord os Ak cmt be thal goad In_ebtna, ote chenper then suitzerRes! _ thewe Bea —china!S. per _copily Income aloes net need te row Lb2 Aine in aren 4o_d&hen He game Slondord of dividing, the Alatisnel Tr cote — Rovsenplbe werent py tela va of PaPulakn, Avg nnn Neicome ptr had. ik as_uccd dn Teplesat te Soodacd oP Borge ee (C) Camporent ef AD- ne ion. ge —— wie Con'sum. p+ i pli cinta ete ace es ' pidlona le itemise — dbaicd «6 S26 peg da — I Gascls _# 7 Seaver — Pteduced by pestis acti hae Given Pexiod - wale iG Bites a as ot, =| Dat daliowe Se ofl __strble. ned, “daptiadl —-P9mponen 4 - of = tADy) 7 —Gecsun ding hr ‘bod dhe =the 4s thee forts od GOP in _basd- ~Lcgunttes. on x eo Caalin, 9 Leabene Scheclile —yeloHing, : Mel cansump bin. As Poison Ce As ASpors ble. Pheer ea cetla AS ta OME ee RT ANGE J. 2 Bie tien OOP af Consumption thod ines Shelun dehe t phee when Maite ~ ae a and iss sain Ds ; the: mABnL prepen sity a a is Shanes ST ai 2 UD ispasmdle meee) Yao 5 ——Digeale Consumption | -gaving (5 = Vd=C) Team Ya fe a te Nee enn _ : a tii i rit nena <5, m= 5.00 ~— e meena eS a, Soo fe fe Bd & x = > a a oe then chown tn — Cxpendidie — jnecnr SPC". ¢ ie. trinouipilten” “Sebiin: opbe at,” hhh as co eth Prbie_rbercept 1 .and om Pasitue (Bt e bee than df slere), The .in tercet is i: _Prsbiie __b ecaute. me nsunption a er eegerne ar ee cp ticame 6 Papple sill bone: one! Speaclan feb. — nel he ep 13 fess hon _. beaur. Ne ha oe Cc ie id 1s Saveal, = pn mecky te MP Ca moraine Mpc BS ; mor gina " "chil ee aate hak Rake ard Cts 6 Yo ———— 17 _ ee pe deity Ate nstincnied — ke nee ade Sy esually ble 65d ty ———— oe biel Pat tary Considerably “acess —___—— oe PE danaibi populoler age Gres, — ene __shyeo od A person! tk et —————___—__"¥ ae a eee he > Save. f.S te Bho. Ca of fe erclolihona dollar of of rspasabfe fs Inéame_thed vs Sowe ch hus Pee dmg ee ee fa Reh” Pe al de candi a $0) 8 tho pets 2 af fort consumpbioh to dttal disp Able A pa Ce at ee a, nese ee eee ae Rtg a 7 aa ¥ A Bost concepts - Mocre- &onomice A sitegrte lemon of. is the -btel_ Plane! or desnect cpercing in the economy during \ giver pened. AD 2s the vm CA TAG AUX: ond 1s. ‘wwowsey ye lode de Pe worse ye loted de tha agsregate Rice Lwe® traugh the wealth sinlorest rade ond wlernationn® PPP © Pfec t, — Axsategate tty dota valve of gesds & services tat oll the fms in the €conemy would ard con willnSy Fodiee iw 8 given peniod - z AS 1s the S\nction of ulable inpuls shenbnsigtond the Price ‘Qved: T_ slopes — upwed_.. tin P= udp spoce but . exoct slope depends whether the (ink) economy 15, __-9Pernting sek be Caw Fil cnplaprant: (Steer) of fa emplaymart « Clossicn® Konamics pte! Ask medenn Schosl__of _ dhoughts. tA ae: Adan Swith Dovid Ricardo, Themes matthes and John Sour Mlle 5 Korl mone Thay — were essentioly micro eronomis whe Le Riewcel she moat Ccaneny) 7 S0S_a, uninlerslag__aggtegatisn or — errs Le sisal, ail bce ced ayy. jell Neo oct Oy 2 wes wnecesscify a SyrPlen of __ gone coders bur Prob peep ast — oy ysis dad —- Until the (430s. mesl__econenis— mE Sear - not seperate out ‘neti va ae fee ier Sth te Got Depesi aggregate viots e the concoct of 1305 and the devlrpment of ae dee rathana QTd (6c) ond Riad Seda ot, Yre- Gara of. jnncre econames hegen ¥ aiets>- Tisible, bagd. —eoscaat introcluceel bY Zkelam Smith in 7 te dlesribe Ha Patadse of [alssea: 7 market. Ezanomy» Tha. doctrine holds that, with — each Partieqrant Pursuing his or fan own { interest 9 'R. market never heless Lenehls of all as hevgh- a benevorlent invisible fond were —clieohng the whole: - Pacese , x Ha notito& Bee thot Fyides ne market ft capitalism. Hroirgh conpet ition Br cave Yesource s. Fall_Eeplospaonts. Classteak Eoonomis le assumeol that SP He canny wos left db pelf, thea it wont. tend be All emp latent eayuilibrm, This rsetld happen iP bn bour Marked worked Ropenly. works to the meee . as rays tows” Soli —CreoKS its Own clemard” She excenek tober Supp. would couse! eg BB Breby ptonth9 Seas ty ‘ pa ak eel = -riore labour Tf pela tap — Leesislent__rredptyy mand ee te Velo ary 1 — Merle pefneet te thy a ‘ei there hie

You might also like