ECONOMICS Chapter 1

Chapter – 1 An Introduction to Economic Analysis

Objectives of the Session ,[object Object],[object Object],[object Object],[object Object]

Introduction ,[object Object],[object Object],[object Object]

Positive and Normative Economics ,[object Object],[object Object]

Interdependence of Macroeconomics and Microeconomics ,[object Object],[object Object],[object Object],[object Object]

Interdependence of Macroeconomics and Microeconomics ,[object Object]

Economic Analysis and Typical Managerial Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object]

Typical Corporate Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Economists, Finance Manager and Functional Areas of Management ,[object Object],[object Object]

Production Possibility Curve ,[object Object],[object Object],[object Object],O X Y X-Good Y-Good A E B C D

Shift in Production Possibility Curve ,[object Object],[object Object],[object Object],O X Y X-Good Y-Good A A’ F F’

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