Econometrics, Macroeconomics, Microeconomics, Misc, Statistics
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...
Game Theory, Microeconomics
Types of Game Theory Cooperative Game : It is an economic game played by firms in which players or firms can negotiate on binding contracts which allows them to make mixed or joint strategies. Example: Ahmed and Ali are buyer and seller respectively and they are...
Game Theory, Microeconomics
To understand the game theory , one must be familiar with the exact definition of word “Game” . The word game means “ Any physical or mental activity that humans do for the sake of pleasure or simply the competition between two players”. So,...
Macroeconomics, Microeconomics
Circular flow of income is a neoclassical model which tells us how income or money circulates in an economy. Circular flow of income means that income and expenditure in an economy are related to each other in a circular way. Receiving of income and production of...
Microeconomics, Monopoly, Perfect Competition
One of the very important Perfect and Imperfect markets namely Perfect competition and Monopoly has always been studied in every foundation course of Economics. These are the distinguishing features of both the markets. Perfectly Competitive Market – Perfect...
Microeconomics, Monopoly, Monopoly Output Decision
When we are talking about an Imperfect competitive firm who is a price taker and has enough market power to have its Products price above the Marginal cost, than we also need to find out what would be that correct price and output that a monopolist must use to have...
Microeconomics, Monopoly, Monopoly Output Decision
When firms have some control over the price of their product, we call it an IMPERFECT COMPETITION. This also means that the firm has MARKET POWER; ability to raise price without losing all of the quantity demanded for their product. Thus, Market Power + Imperfect...
Current Economics, Macroeconomics, Microeconomics, Misc
Every course has its own particular method of solving it. From preparatory courses to the usual theoretical ones, you need to take some smart step in solving your questions and these factors must also be applied to the papers of Economics. Because it is not just about...
