Consumer Price Index – its impact on interest rate
In previous articles you have learned about macroeconomic indicator like GDP which is highly important for understanding business cycles and economic performances and GNI which can offer a perspective...
View ArticleCentral Banks and their functions
By: Valeria Popa How did central banks appear? The European Central Bank, the Federal Reserve Bank, the Bank of England and the Reserve Bank of New Zealand are just a few examples of central banks...
View ArticleBank-Based vs. Market-Based Economies
Can We Still Define Banks Nowadays? According to literature in the field, the following definition is widely accepted: “a bank is a financial intermediary that offers loans and deposits, and payment...
View ArticleA look into central banks’ monetary policies
While the Bank of England is considering the option to limit the borrowing of Britain’s major banks and investors in the Euro zone are wondering how much the inflation rate will continue to drop, it...
View ArticleThe Classical Economic Model
If we had to apply the classical model principles to the global economy nowadays, it would be extremely difficult to make such simple assumptions really work. However, classical theorists like Pigou...
View ArticleTypes of Unemployment
‘’Unemployment refers to the situation or conditions of an economy when skilled and qualified are willing to work at the current wage rate but they couldn’t get job’’ Unemployment effects an economy is...
View ArticleBasic Economics 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. Such goals are referred as...
View ArticleCredit Control by Central bank
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...
View ArticleFree Online Courses of Economics with Certificates
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...
View Article5 steps to follow when solving any Economics paper
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...
View ArticleCircular Flow of Income in the most simplest way
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...
View ArticleAggregate Demand : Summary
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...
View ArticleEverything about GDP (Gross Domestic Product)
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....
View ArticleShifts in Aggregate Demand Curve
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...
View ArticleWhat 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...
View ArticleEverything that you need to know about Aggregate Supply
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 individual supply curve is...
View ArticleMajor 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...
View ArticleCommodity 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...
View ArticleWhat 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...
View ArticleMultiplier 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?...
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