Class 11 Economics Introductory Microeconomics - Get here the Notes, Question & Practice Paper of Class 11 Economics for topic Introductory
Market, in economics, refers to market structures that are different from each other on the basis of degree and nature of competition. A number of factors can d
Traditional economics views humans as robotic machines who make calculated decisions based on logic. In contrast, behavioural economics views humans as irrational and emotional beings who ar…
Profit = TR-TC. Diagram explanation of profit maximisation (MR=MC). Whether firms will continue to produce. Definition of profit and supernormal profit.
Behavioral economics views humans as irrational and emotional beings who are influenced by biases and experiences when making decisions. Discover more.
Macroeconomics vs Microeconomics attempts to analyze the differences between the two most important branches of Economics.
Slideshow and student worksheet. The slideshow gives students a brief introduction to different forms of government and economies (including: anarchy, dictatorship, monarchy, theocracy, republic, parliamentary, and more). Simple, concise notes and colorful visuals make this perfect for an introductory civics lesson. Students fill in the blanks on the worksheet to record key terms and examples from the slides.
I’m honoured to have an article in this month’s MPI One+. A quick recap of the article can be found below.
Fiscal Policy, Budget, Direct and Indirect Taxes, Plan and Non Plan expenditure, Fundamentals of Subsidies explained in detail.
Learn Inflation Meaning, Define Inflation, and more with these visual, simple, stress-saving financial tips and education from Napkin Finance.
Tariffs always inflict great economic damage and leave society worse off. That is not a debatable outcome, it’s a provable fact, like the law of gravity.
What is Fiscal vs Monetary Policy? Learn more with these simple, visual, stress-saving financial tips and education from Napkin Finance .
What Should Everyone Know About Economics? This post originally appeared on Quora by Balaji Viswanathan.
Adam Smith Adam Smith emphasized the importance of three interrelated things: 1) Division of labour 2) Free trade and 3) Limited role of the government. Watch this video on Adam Smith Karl Marx Karl Marx believed that labour is the source of all value, but, workers are only paid enough to survive. Watch this video of Karl Marx and alienation. John Maynard Keynes John Maynard Keynes main believe was that level of economic activity is determined by the aggregate demand of goods and services. Watch this video on Keynes.
The most basic concept in economics is (duh!) the 4 factors of production – the component parts of the entire economy. An understanding of these is VITAL! Heres the PDF PIIGSTY Econ 101 #1 F…
A remarkably even-handed infographic here on two major competing schools of economics. Hat tip The Rational Standard, who have a brief snippet outlining the crux of the Austrian Business Cycle Theory. Good on them. .
The most basic concept in economics is (duh!) the 4 factors of production – the component parts of the entire economy. An understanding of these is VITAL! Heres the PDF PIIGSTY Econ 101 #1 F…
What can you do with an economics degree? Economist, lawyer, finance advisor, actuary, financial analyst, environmental economist, reporter, and more.
Looking to elevate your economics degree? Then take a look at this infographic to learn about what you can do with a degree in economics.
A recession refers to a time when the economy shrinks instead of grows. This infographic will let you know the aspects of economic downfall in detail.
