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.
In this “Theory of Employment - Applied Economics” you will learn about following topics:
- Introduction to Keynesian Theory of Employment
- Meaning of Effective Demand
- Assumption of Effective Demand
- Aggregate Supply (AS)
- Aggregate Demand (AD)
- Equilibrium Level of Employment (The Point of Effective Demand)
==== Point to Note ====
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BCA 6th Semester Applied Economics Notes Pdf:
- Unit I: Introduction Of Economics
- Unit II: Theory Of Consumer Demand
- Unit III: Analysis Of Cost And Revenue
- Unit IV: Theory Of Production
- Unit V: Product Pricing
- Unit VI: Factor Pricing
- Unit VII: National Income
- Unit IX: Consumption Saving And Investment Functions
- Unit X: Business Cycle
- Unit XI: The Mechanism Of Foreign Exchange
- Unit XII: Macro Stabilizing Policies
- Unit XIII: Economics of Development
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