Introduction to Macroeconomics | Micro vs Macro Economics | Great Depression 1929 | Class 12 | L:0

Hanji, In this lecture we will understand the Introduction to Macroeconomics in the easiest possible way with clear explanations, simple examples and complete concept clarity. This is Lecture 0 of the Class 12 Macroeconomics Foundation Series. Topics Covered What is Macroeconomics? Meaning of Macroeconomics Why Do We Study Macroeconomics? Microeconomics vs Macroeconomics Individual vs Aggregate Economy Consumer, Producer, Firm and Market Aggregate / Total / Overall Economy Microeconomics – Meaning and Basic Understanding Macroeconomics – Meaning and Basic Understanding The Need for a New Approach in Economics The Great Depression of 1929 The Great Depression and Economic Crisis Fall in Production Fall in Income Fall in Employment Rise in Unemployment Increase in Poverty Business Closures Bank Closures Impact of Economic Crisis on the Whole Economy John Maynard Keynes (1883–1946) Keynes and the Great Depression Importance of Aggregate Variables Income, Output and Employment National Income Book: The General Theory of Employment, Interest and Money (1936) Keynes' Ideas and the Foundation of Macroeconomics Why Macroeconomics Became Important This lecture provides the basic foundation of Macroeconomics and helps you understand how Macroeconomics studies the economy as a whole. WATCH THE DETAILED MICRO & MACRO ECONOMICS LECTURE Class 11 Lecture 6: Microeconomics vs Macroeconomics | Difference Between Micro & Macro Economics    • Microeconomics vs Macroeconomics | Differe...   WATCH THE CLASS 11 ECONOMICS FOUNDATION SERIES Lecture 0: Introduction to Economics | Why Do We Study Economics? | Evolution of Economics    • Introduction to Economics | Why Do We Stud...   Lecture 1: What is an Economy? | Components of Economy | Types of Economy    • What is an Economy? | Components of Econom...   Lecture 2: Scarcity & Choice | Why Scarcity and Choice Go Together?    • Scarcity & Choice | Why Scarcity and Choic...   Lecture 3: Economic Problem | Unlimited Wants, Limited Resources & Alternative Uses    • Economic Problem | Unlimited Wants, Limite...   Lecture 4: Central Problem of an Economy | What, How & For Whom to Produce?    • Central Problem of an Economy | What, How ...   Lecture 5: Positive vs Normative Economics | What Is & What Ought to Be?    • Positive vs Normative Economics | What Is ...   Lecture 6: Microeconomics vs Macroeconomics    • Microeconomics vs Macroeconomics | Differe...   Lecture 7: PPC (Production Possibility Curve) | Complete Concept    • PPC (Production Possibility Curve) | Compl...   If you enjoy easy learning and concept clarity, subscribe to Hanji Shubham. Join our Telegram for PDF Notes Telegram: https://t.me/hanjishub... Follow me Instagram:   / hanjishubham   Facebook:   / hanjishubham   Concept Clear • Success Near Learn • Grow • Succeed #Class12Economics #Class12Macroeconomics #IntroductionToMacroeconomics #Macroeconomics #Microeconomics #MicroVsMacro #JohnMaynardKeynes #GreatDepression #Keynes #EconomicsInHindi #HanjiShubham