Keynes’ theory of employment is a demand-deficient theory. This means that Keynes visualized employment/unemploy¬ment from the demand side of the model. His theory is, thus, known as a demand-oriented approach, as opposed to the classical supply-side model.

Theory of Employment - Applied Economics

In this “Theory of Employment - Applied Economics” you will learn about following topics:

  1. Introduction to Keynesian Theory of Employment
  2. Meaning of Effective Demand
  3. Assumption of Effective Demand
  4. Aggregate Supply (AS)
  5. Aggregate Demand (AD)
  6. Equilibrium Level of Employment (The Point of Effective Demand)

==== Point to Note ====

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BCA 6th Semester Applied Economics Notes Pdf:

  1. Unit I: Introduction Of Economics - Applied Economics
  2. Unit II: Theory Of Consumer Demand - Applied Economics
  3. Unit III: Analysis Of Cost And Revenue - Applied Economics
  4. Unit IV: Theory Of Production - Applied Economics
  5. Unit V: Product Pricing - Applied Economics
  6. Unit VI: Factor Pricing - Applied Economics
  7. Unit VII: National Income - Applied Economics
  8. Unit IX: Consumption Saving And Investment Functions - Applied Economics
  9. Unit X: Business Cycle - Applied Economics
  10. Unit XI: The Mechanism Of Foreign Exchange - Applied Economics
  11. Unit XII: Macro Stabilizing Policies - Applied Economics
  12. Unit XIII: Economics of Development - Applied Economics