Tuesday, February 23, 2010

Two hectic days

Its been a long time since i wrote a blog hmm this time i would like to vent of myself i had two good days i hopefully and confidentially guess . First day i would like to describe is about the seminar organized by T.I.M.E on 21 feb. This seminar was regarding Macro Economics . I can say this is really good seminar infact best seminar i have ever listened to , and coz seminar was held at A.P.S.R.T.C. kalabhavan and all the students of T.I.M.E of twin cities attended the seminar and believe me hall was really full and to my good ness the stage was occupied by only one person and he stood in the same position till he complete his lecture from 9.00 am to 2.00 pm . Coming to about the seminar he started off differentiating what is macro economics and what is micro economics and as the seminar itself is titled with Macro he slipped of micro economics sagaciously and as of macro economics he said that macro economics is linking every thing..
Traditionally he started his jargon from past and this is nontraditional because i liked it as expected he started explaining about monopoly and guess what he mentioned this word almost when he was about to end the lecture regarding past. He started of directly saying that people in the past exactly speaking economist in the past advised every one to produce goods as much as they can . And the moment he said this it was like a big surprise for me later on he tried to convince that there were no companies in those days and change over between demand and supply is really high . And then he continued saying that this is what we say monopoly and then he told about classical laws for macro economics . These are something which we can find in academic books then he explained about kaynes laws , this was something strange because he explained the situation clearly saying that U.S had really bad time during early 1960's and they couldn't find way out and then they asked this guy . Guess what was his answer creating opportunities is important so he advised almost a weird thing he asked govt to give employment to every one in the country by asking them to just dug trench and fill up that trench next day . So finally as they get the money for their work they spend it for several reasons and finally money is getting distributed and trading started . This way U.S managed to come out of the situation .

Hmmm this is a long lecture and i will continue this in my next blog

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