All that you need to know about Economics
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Understanding the economy as a whole
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Econometrics
The amalgamation of Economics, statistics and mathematics
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Welfare analysis drawing on Hicksian micro-foundations
Whenever policy makers want to measure the impact of a change in prices on consumers, welfare analysis comes into play. Given that reforms adopted can either create or destroy value, an assessment is needed of whether the measure taken will increase or decrease the...
Monopoly’s Output Decision
The output decisions in case of monopoly differ in respects of the time period or the length of time span through the monopoly firm is operating. There are two kinds of time periods; i. Short Run: It is a time period in which one of the variable is fixed i.e could not...
Basic Economic Goals of a Country
All the countries around the world have certain targets for becoming an ideal and economically stable nation. Countries strive hard to achieve such targets or goals. Each country has its own issues associated with various factors that halt its development and growth....