Unit VIII: Theory of Employment - Applied Economics

Unit VIII: Theory of Employment - Applied Economics

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)

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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 IX: Consumption Saving And Investment Functions - Applied Economics

Unit X: Business Cycle - Applied Economics

Unit XI: The Mechanism Of Foreign Exchange - Applied Economics

Unit XII: Macro Stabilizing Policies - Applied Economics

Unit XIII: Economics Of Development - Applied Economics

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