a paragraph . State the importance of Macro Economics. . Describe the different types of economic systems.
. Outline the major merits of capitalism. . Indicate the demerits of socialism.
. Enumerate the features of mixed economy. . Distinguish between Capitalism and Globalism.
. Briefly explain the two sector circular flow model. Part - D Answer the following questions in one page . Discuss the scope of Macro Economics.
. Illustrate the functioning of an economy based on its activities. . Compare the features of Capitalism, Secularism and Mixedism.
- - Introduction to Macro Economics . Internet Based Activity: Each student may be asked allotted FOUR countries. The students may be given the responsibility of collecting basic information about each country and present them in chart papers. The list of geo, politic, socio-economic and other information to be compiled may be listed by the course teacher.
Students may be asked to point out the economic system adopted in those countries. Internet sources may be used for doing this activity. . Role Play Activity: Students may be grouped in to Four groups, each one representing a sector of the FOUR Sector Model.
In specific, Household sector, Business Sector, Government Sector and External sector. Each sector may decide on their activities and understand how the flow of income and goods and services takes place between sectors. The class teacher may initiate the activities and do the moderator role. ACTIVITY Dhas A.C ( ): Economics, an Economy, and the Role of Information in Economic Decisions, International Journal of Exclusive Global Research, Vol.
, Issue September. Dornbusch, Fischer and Startz ( ): Macro Economics, Tata Mc Graw Hill Education Private Limited, New Delhi. Edward Shapiro ( ): Macro Economic Analysis, Galgotia Publications (P) Ltd. New Delhi.
Gupta G.S. ( ): Macro Economics: Theory and Applications, Tata McGraw-Hill Publishing Company, New Delhi. Karl Marx ( ): Capital: A Critical Analysis of Capitalist Production, William Glaisher Limited, London. Lord Rollof Ipsden( ): The Mixed Economy, Macmillan Press, London.
Manfred B.Steger ( ) : Globalism: The New Market Ideology, Rowan and Littlefield Publishers, USA. Maria John Kennedy M( ): Macro Economic