Data Processing
Data Processing
Concept
CONTENTS
• Meaning of Economics
• Scope of Economics
• Microeconomics
• Macroeconomics
Micro Economics
•Micro comes from Greek word mikros, means
“Small”.
• Concept
• Types of Inflation
• Causes of Inflation
• Measures to Control Inflation
Course Objective
▶ Shapiro, “ Inflation is
simply a persistent and
appreciable rise in general price level.”
▶ Gardner ackley, “ We
define inflation as rising prices and not
as high prices.”
• Demand-Pull Inflation
• Cost-Push Inflation
Demand-Pull Inflation
The general price level rises because the demand for
goods and services exceeds the supply available at the
existing prices.
Shapiro, Edward
• Monetary Measures
• Fiscal Measures
• Other Measures
Monetary Measures
Monetary policy is the policy used by the government of a
country to control inflation or deflation in an economy, and the
policy is implemented by the central bank through the ministry of
finance through following measures and instruments:
Measures
Repo Rate : Whenever the banks have any shortage of funds they
can borrow it from RBI. Repo rate is the rate at which banks
borrow rupees from RBI.
• Increase in Savings
▶ Reduce Disposable Income.
▶ Compulsory Savings or Deferred Payments.
• Increase Production
• Rational Wage Policy
▶ Thank you