The compilation of these Economics Notes makes students exam preparation simpler and organised.
As you must be aware, our economy goes through recession, inflation, sluggish growth etc. So how do we find the cause of such phenomena? We develop macroeconomy models that help us understand the situation. One such concept is Income Determination where we determine National Income. Let us study this concept with the help of the following topics.
- Ex Ante and Ex Post
- Movement Along a Curve versus Shift of a Curve
- The Short Run Fixed Price Analysis of the Product Market