Top Influential Economists Today, A small number of people have become well-known in today’s dynamic world of economics, exerting significant influence over markets, policy, and our co… Read More

SYLLABUS INTERMEDIATE MICROECONOMICS-II 1 General Equilibrium General Equilibrium withProduction Overall Efficiency andWelfare Economics Imperfect Competition I Monopoly… Read More

A burning Earth held in a person’s cupped hands. Royalty Free Image from Pixabay We have all experienced the consequences of living beyond our means. That extravagant night out on Jul… Read More

It was Fleet Week in New York City, and something unusual was taking place on Billionaires’ Row. At 9 West 57th Street, an elegant black sloping skyscraper towering over the Plaza hot… Read More

Solow-Swan Model The Solow model is a model of economic growth that explains how a country’s level of ou… Read More

There is no alternative to broad based economic growth ,stages of growth and Velocity of  growth including times forecast.Here  the blogger Ibikunle Laniyan in the treatise… Read More

The changing faces of global economy experience monumental proportion of growth and development including productivity improvement in different countries of the world especially wher… Read More

Overshooting Definition Overshooting model (Dornbusch’s model) refers to excessive short-term movement of exchange rates due to fluctuations in monetary supply arising from price st… Read More

What is Endogenous Growth Theory? Endogenous Growth Theory is a term used to describe economic growth that is driven internally from within the economy, as opposed to exogenous growth theory… Read More

Introduction to the concept of macroeconomicsMacroeconomics is the branch of economics that studies the behavior and performance of the overall economy, including issues related to national… Read More

What Is Solow Growth Model?  Solow Growth Model refers to an exogenous neoclassical model of economic growth representing enhanced capital accumulation, technological progress, and i… Read More

Credit: Unsplash/CC0 Public Domain What if the U.S. placed a tax on robots? The concept has been publicly discussed by policy analysts, scholars, and Bill Gates (who fa… Read More

What Is Hawthorne Effect? Hawthorne Effect refers to the tendency of people who are a part of an experiment to alter their behavior when they become aware that the researchers are watchin… Read More

Aggregate Production Function Definition The Aggregate Production Function is the function that shows a technical relationship between aggregate inputs and aggregate outputs. It is a… Read More

What is Endogenous Growth Theory? The endogenous economic theory states that internal factors are responsible for a nation’s economic development, not external factors. When the gov… Read More

What is Total Factor Productivity (TFP)? The total factor productivity (TFP) is a number that showcases the productivity of a business by determining how much it produces versus what it n… Read More

 – Feature Address on Economic Growth and the Thinking of Sir Arthur Lewis Delivered at the Wreath Laying Ceremony, Nobel Laureate Week Morne Fortune, Saint Lucia, January 21, 20… Read More

When people hear the word “fascism” they naturally think of its ugly racism and anti-Semitism as practiced by the totalitarian regimes of Mussolini and Hitler. But there was also… Read More

We are providing you SSC CHSL Previous Year Economics Quiz Questions based on the previous year question paper of SSC exams of the General Knowledge section, which will help you in the SSC C… Read More

In 40 years through 2019, the S&P 500 Index had a total return of 11.8 percent. We now examine three considerations that are relevant for the multi-decade shift from public to pri… Read More

Note: This is post #111 in a weekly video series on basic economics. The long-run aggregate supply curve can show us an economy’s potential growth rate when all is going well. Continue… Read More