Question

prepare a seminar report on the evaluation of macroeconomics​

Answer 1

Answer:

INTRODUCTION • The evaluation of economics is as old as the evaluation of human civilization. Economics is the science that concerns with economies, from how societies produce goods and services, to how they consume. • From the very early stage of human civilization, Macroeconomics has been a part of our society. It has changed its shape and size many times but without Macroeconomics a civilization cannot sustain or survive. • Microeconomics is more focused on the choices made by individual actors in the economy (individual consumers or firms). • Macroeconomics deals with the performance, structure and behavior of the entire economy. With the help of Macroeconomics we can gauge the financial circumstances and take precautions that are necessary in adverse Macro economic conditions.

5. Objectives of the Report • Broad Objective • To find out the contribution of societal and human force behind the growth of Macroeconomics. • Specific Objectives • To Know the Evaluation of introduction of Macroeconomics. • To Know the contributions of the scholars behind the development of Macroeconomics thought. • To Know the applications of Macroeconomics. • To Know the future trends of Macroeconomics. • To Bring out the recommendations on the practical utilizations of Macroeconomics in Bangladesh.

6. BASICS OF MACROECONOMICS • The field of economics that studies the behavior of the aggregate economy is called Macroeconomics. • Macroeconomics (from the Greek prefix makro- meaning "large" and economics) • deals with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

7. Fields of macroeconomics Macroeconomists develop models that explain the relationship between such factors: • National income, • Output, • Consumption, • Unemployment, • Inflation, • Savings, • Investment, • International trade and • International finance.

8. Development of Macroeconomics • The term ‘MACRO’ was first used in economics by RAGNER FRISCH in 1933. But as a methodological approach to economic problems, it originated with the Mercantilists in the 16th and 17th centuries.

Explanation:

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