Select Page

## Factor and determinants of growth in China

Introduction The process of economic growth is a complex phenomenon, which involves a wide variety of factors, such as political, economic, social, cultural, etc. It is commonly believed that capital appears to be the primary determinant of economic growth as it...

## Top 30 courses in Economics

Top courses in Economics on Coursera Internet Giants: The Law and Economics of Media Platforms Country Level Economics: Macroeconomic Variables and Markets Microeconomics Principles Managerial Economics and Business Analysis Specialization Firm level Economics...

## Index

I have created this index of all the articles of econtutorials. I think that it is feasible for the students to have a complete look of the whole website and the content that it includes. This will enable all the readers to go through each article and let us know what...

## Difference between Perfect and Imperfect multicollinearity

Imperfect multicollinearity With imperfect multicollinearity, an independent variable has a strong but not perfect linear function of one or more independent variables. This also means that there are also variables in the model that effects the independent variable....

## Eviews Regression with Dummy variables

To understand regression analysis with dummy variables, let us take an example of using dummy variable with structural changes in an economy. For example, there was a structural change in U.S during 1981-1982, and also a severe recession in 2007 and 2008. So when we...

## Dummy Variables

By Definition, Dummy variables are Indicator, Categorical and Qualitative variables that are used to quantify the qualitative, nominal scale variables by giving them the value of 0 and 1. In simple words, we come across variable which are non-numerical in their...

## What is Regression Analysis ?

In Econometrics, we use the tool of Regression Analysis to understand the economic relationships through quantitative estimation. This quantitative estimation is done by Regression which is one of the most frequent and important tool used to understand economic...

## Introduction to Taxes and its Types

What comes in your mind when you hear or see the word “Tax” in your daily life discussions or on some news channel on T.V , newspapers etc ?. Have you ever thought how the Government gets financed and they pay salaries to employees ? Or pay pensions to retired...

## What are Index Numbers ?

Introduction Often we want to know how certain variables like prices, production, etc. have changed over time and space. For example, we may like to compare the change in the average retail price of milk in 1985 with that in 1982 or we may like to compare the retail...

## Multiplier Effect Definition,Calculation and Types

It’s an effect in economics that shows how much or by how many times final incomes increases if some extra initial injection of investment/spending is done, known as multiplier effect. How it occurs? Holding a thought on the occurrence of multiplier process and...

## What is GDP Per Capita and how is it calculated ?

What does GDP Per capita mean? GDP and GDP per capita are interlinked, putting a glance on its history how Per capita came from the concept of GDP. The great invention of 20th century GDP that stands for Gross Domestic Product. Taking Gross here a number of total,...

## Commodity Money vs Fiat Money

There has been numerous stories about exchanges of goods as a form of money in different circumstances . Like there were Cigarettes used in WWII by the prisoner of War camps, beads used by north american Indians , cattle in south Africa, and small green scraps of...

## Major problem with using GDP

GDP is considered to be the most simplest and common economic statistics that measures the economic activity of the economy that takes place within a year – that leads to the analysis and conditions of various factors such as investments, household consumption ,...

## Difference between aggregate supply and market supply curve

By definition, the Aggregate Supply curve shows the relationship between the Aggregate Quantity Supplied by all the businesses and firms of an economy and the over price level. The sum of the individual supply curve is not the aggregate supply curve. Why? To know more...

## What is Money ?

To explain it with a formal definition Money is : Anything that is accepted as a way of exchange to buy products and services The basics mechanics of the whole monetray system are invisible. Many individuals take money for granted when they are spending it. So when...

## Lets get started

Join us to receive instructor manuals, notes, lectures , e-book and tutorials videos, completely and a complete online course of Economics totally FREE

Shares