Gross Domestic Product (GDP), Macroeconomics, Misc
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 ,...
Aggregate Demand and Supply, Macroeconomics
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...
Aggregate Demand and Supply, Macroeconomics
We just assumed that the Monetary and fiscal policy variable are kept constant when deriving the Aggregate Demand Curve. So any changes made in the following variable will shift the curve. Money Supply Consumption (household spending) Investment Government Expenditure...
Gross Domestic Product (GDP), Macroeconomics
I have made an amalgamation of all the posts that I and my contributing writers have written about GDP Please leave a Message if you require further notes and lectures regarding the concept of GDP. What is GDP ? GDP growth rate and Calculation Types of GDP (Nominal...
Aggregate Demand and Supply, Macroeconomics
Aggregate Demand We know that when it comes to people demand for money – there are 3 elements that has the ability to change the decisions of the individuals in either spending more or less. And these elements are: Income (Output) Interest rate (I) Price Level (P) In...
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...
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...
Current Economics, Macroeconomics, Microeconomics
I came across some very worth noticing links that has alot to tell about economics including other sub-domains of economics. And i am so very happy to see alot of courses were free and provided a certificate of completion. The links are as follows. 1. Open culture has...
Central Bank Operations, Central Banking, Credit control by CB, Macroeconomics
Central bank exercises monetary policy to influence rate of interest, money supply and credit availability. Central bank use different tools to achieve the objective of controlling the availability of credit in economy. There are several quantitative tools through...
