NCERT Class 12 Macroeconomics Chapter 1: Introduction (Dr. Manishika) | English CUET Economics

CUET Economics Preparation - https://www.doorsteptutor.com/Exams/C...
Dr. Manishika Jain in this lecture explains fundamentals of economics mainly macroeconomics.

Study of economy wise phenomena – unemployment, inflation, national income, national output, global economies and complexity
Will the prices as a whole rise or come down? Is the employment condition of the country as a whole, or of some sectors of the economy, getting better or is it worsening? What would be reasonable indicators to show that the economy is better or worse? What steps, if any, can the State take, or the people ask for, in order to improve the state of the economy?
If output of food grain is experiencing a growth, it is generally accompanied by a rise in the output level of industrial goods
If aggregate output level, price level, or employment level, in the different production units of an economy bear close relationship to each other then the task of analysing entire economy becomes relatively easy.
Instead of dealing with the above mentioned variables at individual (disaggregated) levels, we can think of a single good as the representative of all the goods and services produced within the economy. This representative good will have a level of production which will correspond to the average production level of all the goods and services
What is Macroeconomics? @0:17
How Macro-Economy Works? @2:49
Microeconomics vs. Macroeconomics @4:16
Adam Smith @5:07
Who are Decision Makers & What they try to do?@7:09
Emergence of Microeconomics @8:12
Classical Tradition Economy @8:22
Great Depression @8:45
Economy in a Capitalist Nation @11:07
Capitalist Economy @13:30
Private Ownership @13:34
Sectors in Economy @14:42
Production Unit or Firm @15:01
Household Sector @15:16
External Trade @15:37
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0:00 NCERT Class 12 Economics Part 2 Chapter 1: Introduction
0:15 What is Macroeconomics?
3:10 How macro-economy works?
4:13 Microeconomics vs. Macroeconomics
7:32 Who are decision makers & what they try to
9:37 Emergence of Macroeconomics
10:54 Economy in a Capitalist Nation
13:35 Capitalist Economy Private Ownership
14:43 Sectors in Economy #examrace #upsc #ugcnet