Consumption is defined as the amount spent by people for buying goods and services to satisfy wants. In macroeconomics, aggregate or total consumption is considered. The consumption function is the mathematical or quantitative relationship between consumption and determinants of consumption.
In this “Consumption, Saving and Investment Functions - Applied Economics” you will learn about following topics:
- Consumption and Consumption Function
- Keynes’ Psychological Law of Consumption Function
- Propositions of Keynes’ Psychological Law of Consumption Function
- Attributes of Consumption Function (APC and MPC)
- Difference between APC and MPC
- Determinants of Consumption
- Measures to Raise Consumption
- Saving and Saving Function
- Derivation of Saving Curve
- Technical Attributes of Saving function
- Relationship between APC and MPC, APS and MPS
- Types of Saving
- Determinants of Saving
- Paradox of Thrift
- Investment Function
- Meaning of Capital and Investment
- Types of Investment
- Marginal Efficiency of Capital (MEC)
- Determinants of Investment
- Investment Multiplier
- The relation between MPC and Multiplier
- Leakage of Multiplier
- Importance of Multiplier
- Accelerator Principle
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BCA 6th Semester Applied Economics Notes:
Unit I: Introduction Of Economics - Applied Economics
Unit II: Theory Of Consumer Demand - Applied Economics
Unit III: Analysis Of Cost And Revenue - Applied Economics
Unit IV: Theory Of Production - Applied Economics
Unit V: Product Pricing - Applied Economics
Unit VI: Factor Pricing - Applied Economics
Unit VII: National Income - Applied Economics
Unit VIII: Theory Of Employment - Applied Economics
Unit X: Business Cycle - Applied Economics
Unit XI: The Mechanism Of Foreign Exchange - Applied Economics
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