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: