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project on unemployment

project on unemployment



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Published by Tejaswini's

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Published by: Tejaswini's on Sep 27, 2009
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The first published use of the term"macroeconomics"was bythe Norwegian Economist Ragnar Frisch in 1933and before this,there already was an effort to understand many of the broad elementsof the field.
Ragnar Frisch
  Macroeconomics is a branch of economics that deals with the performance, structure and behavior of a national or a regional economy as a whole. Since the 1930s economists have split their economics into two parts.Economics is divided into two main divisions
Microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets. Microeconomics focuses on the “What?" and "For Whom?"questions. It examines how a society decides to produce the bundleof goods and services it does (the "what" question), and who getsthese goods and services (the "for whom" question). It explores how various systems of incentives and ways of making decisions (such as"dollar voting" or various forms of political voting) work to solvethe "what" and "for whom" questions. Central in much of thisexamination is the concept of economic efficiency.
 Macroeconomics deals with topics of inflation and unemployment. Macroeconomists study aggregated indicators suchas GDP, unemployment rates and price indices to understand how the whole economy functions. Macroeconomists develop modelsthat explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings,investments, international trade and international finance.  Macroeconomics is a broad field of study,however, there aretwo major areas of research in Macroeconomics:
The attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle).
The attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by both governments and large corporations to assist in thedevelopment and evaluation of economic policy and business strategy
Unemployment is the state in which a person is without work,available to work, and is currently seeking work. It is a situationwhere there is non-availability of job for the persons. Its is an situation in which a person who is physically capable, mentallywilling to work at existing wage rate does not find any job and is forced to remain unemployed.

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Nawid Zamal added this note
It helped me in doing my Project But please Include The Conclusion
Atlas Ameh added this note
Your work is rich and comprehensive.
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