PENGANTAR EKONOMI Screen graphics created by H. Mustika Lukman Arief, SE.,MBA.,MM. INTRODUCTION OF ECONOMICS NEED UNLIMITED RESOURCES LIMITED WHAT IS ECONOMICS ? • Economics is the study of the ways that individual and societies allocate their limited resources to try to satisfy their unlimited needs •KEY WORD : – NEED UNLIMITED – RESOURCES LIMITED Outline • Introducing Mikro Ekonomi • Permintaan & Penawaran • Elastisitas Permintaan & Penawaran • Teori Tingkah Laku Konsumen • Teori Biaya Produksi • Pasar Persaingan Sempurna • Pasar Persaingan Tidak Sempurna • • • • • Introducing Makro Ekonomi . Pendapatan Nasional Keseimbangan Aggregate Dua Sektor Keseimbangan Aggregate Tiga Sektor Keseimbangan Aggregate Empat Sektor • Teori Penawaran Uang, Kurs dan Moneter • Neraca Pembayaran & Perdagangan • Pertumbuhan & Pembangunan Ekonomi Reference •Economics; Book 1 & 2; PA. Samuelson •Mikro Ekonomi; Teori Pengantar; Sadono Sukirno; Edisi ketiga; 2005 •Makro Ekonomi; Teori Pengantar; Sadono Sukirno; Edisi ketiga; 2005 ECONOMICS RESOURCES: LIMITED NEEDS: UNLIMITED GAP 1. 2. 3. 4. 5. INFLATION UNEMPLOYMENT UNEQUALITY - FUNCTIONAL & - REGIONAL - INDIVIDUAL POVERTY Balance of Payment ECONOMICS PROBLEMS 1. 2. 3. 4. WHAT’S HOW WHEN FOR WHOM CHOICES OPPORTUNITY COST 1. 2. 3. 4. NR HR CR E GOODS & SERVICES GAP •RESOURCES LIMITED : –NR, HR, CR & Entrepreneur –GOODS & SERVICES –CHOICES –OPPORTUNITY COST ECONOMICS PROBLEM • INFLATION • UN-EMPLOYMENT • UN-EQUALITY : functional & size, regional, individual • POVERTY TYPES OF ECONOMICS SYSTEM • TRADITIONAL ECONOMIC SYSTEM • A system in which the question what, how, for whom and when are answered in the same way from generation to generation • COMMAND ECONOMIC . SYSTEM • A system in which the question what, how, for whom and when are answered by a central authority • MARKET SYSTEM • A system in which the question what, how, for whom and when are answered through independent decision of the people. This often used interchange able with capitalism . •MIXED ECONOMY • An economics system in which there are elements of tradition, command and the market ACTORS OF ECONOMY •HOUSEHOLD –Suppliers of input factor –Demander of goods and services –Payer taxes •FIRMS . • Suppliers of goods and services • Demander of input factor • Payer of Taxes • GOVERNMENT • • • • • • • • • • . To protect private property To regulate money To produce public goods and services To assess social cost To regulate and maintain competition To promote economic growth and stability To fight poverty To eliminate discrimination To receive of taxes To send of subsidy MICRO VS MACRO •MICROECONOMICS • Efficiency of Resources • Maximum Satisfaction •MACROECONOMICS • Government Regulation • Demand and Supply Aggregate Activity MACROECONOMICS ISSUES • HIGH PERFORMANCE GROWTH AND STABILITY • IMPROVEMENT ECONOMIC • PRICE STABILITY • UN-EMPLOYMENT / POVERTY REDUCTION INFLUENCES OF MACRO ACTIVITY • PRIVATE CONSUMPTION • INVESTMENT • GOVERNMENT EXPENDITURE • NET EXPORT ( EXPORT – IMPORT ) MACROECONOMIC PROBLEM • ECONOMIC GROWTH • UNSTABLE OF ECO ACTIVITY • UNEMPLOYMENT AND INFLATION • TRADE AND BALANCE OF PAYMENT MACROECONOMIC POLICY • FISCAL POLICY – Government expenditures and Taxation • MONETARY POLICY – Control of the money supply by the federal reserve system • SUPPLY SIDE POLICY – Ad Hoc policies to address specific problems GOAL OF MACROECONOMIC • • • • • RAPID GROWTH PRICE STABILITY INCOME EQUALITY FULL EMPLOYMENT BALANCE OF PAYMENTS EQUILIBRIUM • EQUITABLE DISTRIBUTION OF INCOME RAPID GROWTH • SHIFT PRODUCTION POSSIBILITIES CURVE AT RATE SUCH THAT JOBS ARE CREATED AT SAME RATE AS GROWTH IN LABOR FORCE PRICE STABILITY • SHIFT AGGREGATE SUPPLY (AS) AND AGGREGATE DEMAND (AD) CURVE AT SAME RATE INCOME EQUALITY • REDUCES PURCHASING POWER OF INCOME • TRANSFER PURCHASING POWER FROM FIXED INCOME RECIPIENTS • DISTORTS INCENTIVES AND DECISION MAKING FULL EMPLOYMENT • AUTOMATIC STABILIZATION EXPENDITURE THAT RISE WHEN UNEMPLOYMENT INCREASES AND FALL WHEN UNEMPLOYMENT FALLS • UNEMPLOYMENT BENEFIT • WELFARE PAYMENTS • INCOME, SALES, AND EXCISE TAXES BALANCE OF PAYMENT • BUDGET ENFORCEMENT • Caps discretionary spending • Creates PAYGO system PAYGO= applies only to NEW LEGISLATION and Amendments to former legislation • Created Three Categories of Spending – Net Interest on Debt – Discreationary Spending – Mandatory or Direct Spending