The Key Areas Of Economics

Micro Economics: Micro refers to small, therefore this category deals with the economy at a small scale say, individual. It analysis individual choices and desire.It deals with market forces of demand and supply, production curve, consumer behavior to name few. In all, it gives a minuscule view of the economy.

Macro Economics: Macro refers to large, therefore this category deals with the economy as a whole. It analysis the impacts of choices on the economy as a whole.It deals with national income, consumption, inflation , unemployment, to name few. In all, t gives a aggregate view of the economy.

International Economics:I n the era of globalization, there are no boundaries for trade. Countries indulge into trade among themselves.There are tariff rate and quotes imposed by the sovereign nation on international trade to protect the interest of the local traders. There are many other national and international policy implications that impact the economy of the particular nation as well as the other entities. International Economics, thus studies, policies, opportunities and limitation on international trade.

Econometric: It is the mathematical and statistical application on the economics data.It gives empirical content to the economic data.It provides the quantitative analysis and draws inferences on the prevailing economic conditions.It has both Theoretical aspects, describing the statistical properties ,as well as applied aspect referring to how econometric procedures can be applied.

Managerial Economics: It is very important to understand the economic implications of the decision for the managers for the successful running of a business firm. Managerial Economics as a field of study describes the application of the economics concepts and theories to the managerial decision.

Health Care Economics: Economics as a field of study, deals with scarcity.Health Care Economics studies the scarcity prevalent in the Health Care Sector.It is the study of the Social Causes.

Business Economics: Business decisions have implication on economics and economic decision of government impact Business decision. The business economics studies the implication and analysis of microeconomics theories on the business.

Environmental Economics

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Humanities as a Subject

Humanities as a discipline study human culture which includes History, geography, philosophy, language, religion, art, and culture. The disciplines can studies like any other subject at undergraduate and graduate level as Bachelors and Masters respectively.The course duration is generally of four years. The coursework involves projects and assignment such as visiting Museums and develop a report based on observation and analysis. This gives the course practical outlook.

Truth of life "CHESS"

When I was small I used to play chess with my parents. We used to spend some good quality time together while playing chess. I won sometimes and sometimes I but I used to be happy as I was surrounded by them. Though chess is an indoor game still it teaches us lots of things "IN LIFE, OF LIFE, FOR LIFE". It teaches you to be patient, as a game takes 4-5 hours to complete or may be more while playing thoroughly. It teaches you to attentive all the day round as you are also at battle field of life. Sometimes surrounded by good people, who are your teammates, near and dear ones, whom you can trust and sometimes those are your rivals, enemies, competitors, awful, unethical people. Depending which phase of life or game you are in. There is hardly any difference between life and chess. When we are at Opening game (when we are kids) we dont have issues, problems, tensions, we are learning, becoming strong, positing ourself. Same goes with the game and the life. We are

The key Areas of Accountancy

Accounting Basics: Accounting Basics is the foundation of the subject. It is introduction to the subject, thus include everything accounting principle, components, financial statement, Cash Flow Accounting Information System: Accounting Information System is regarded as collection and processing procedure of data in a manner useful to specific users. Auditing : traditionally, auditing was done to know the financial system and records of the company. Today the scope has been widened to include security, safety, environmental and other concerns. Balance Sheet Demystified: Balance sheet refers to the summary of the company’s or organization’s financial balances. It includes details about the assets, liabilities, and equity of the business firms. Bookkeeping: It is the practice of recording business transaction and accounts. Every single transaction happening in a day is recorded and tallied at the end of day and month. Cost Accounting: Cost Accounting is a recording

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