The Role of Central Banks in Monetary Policy and Controlling Inflation

Central bank Monetary policy, Central Banking, Macroeconomics

Central banks play a crucial role in managing a country’s economy and ensuring stability. One of their primary responsibilities is to formulate and implement monetary policy, which includes controlling inflation. In this article, we will explore the role of...

Understanding Inflation: Causes, Effects, and Implications for the Economy

Inflation, Macroeconomics

Introduction Inflation, the sustained increase in the general price level of goods and services, is a crucial economic concept that has far-reaching implications for individuals, businesses, and governments. In this comprehensive guide, we will delve into the causes,...

Cracking Economic Indicators: A Beginner’s Guide to Market Signals

Basic Economics Goals, Development Economics, Macroeconomics, Microeconomics

In the world of finance and investing, economic indicators play a crucial role in providing valuable insights into the overall health and direction of the economy. These indicators serve as important signals, guiding investors, policymakers, and businesses in making...

Difference between the long-run and short-run Aggregate supply (AS) curve

Aggregate Demand and Supply, Macroeconomics

  Through time, different views of how the economy works have shaped theories that aren’t equal in their assumptions, which correspond to the attempt to resolve the biggest questions that where unanswered at the time, and often were problems that policymakers...

Quantity Theory of Money

Macroeconomics, Money

‘Salary’ is a word derived from salt, salt was used as a mean of payment in the Roman empire for many years, later in the mercantilist Era a mean of storing wealth was gold but no theory of money was known in that time so as a consequence a wave of inflation was born...

Index

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...

Introduction to Taxes and its Types

Macroeconomics, Taxes

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...

Multiplier Effect Definition,Calculation and Types

Macroeconomics, Multiplier Effect

The multiplier effect in economics shows by how much  or by how many times the final income would increase if  an initial injection of investment/spending is done, known as multiplier effect. How does multiplier effect occur in an economy? Holding a thought on the...

What is GDP Per Capita and how is it calculated ?

Gross Domestic Product (GDP)

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

Macroeconomics, 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...