Economics

Black Economy

Black Economy is the segment of a country’s economic activity that is derived from sources that fall outside of the country’s rules and regulations regarding commerce. The activities can be either legal or illegal depending on what goods and/or services are involved. Examples include .....

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Theory of Financial Economics

Theory of Financial Economics Introduction Financial Economics is a branch of economics that analyzes the use and distribution of resources in markets in which decisions are made under uncertainty. Its concern is thus the interrelation of financial variables, such as prices, interest rates and sh.....

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Social Welfare Maximization

Social Welfare Maximization The Simple Analystics of “Welfare Maximisation” has presented a more thorough and systematic analysis of the problem of social welfare maximisation. It is a summary of the static long-run general equilibrium conditions of a perfectly competitive economy. It combine.....

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Introduction of Economic Policy

Introduction of Economic Policy Economic Policy is the term used to describe government actions that are intended to influence the economy of a city, state, or nation. Some examples of these actions include setting tax rates, setting interest rates, and government expenditures. It is a course of .....

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Introduction of Game Theory

Introduction of Game Theory Game Theory is an economical term. It is actually brought about a revolution in economics by addressing crucial problems in prior mathematical economic models. For instance, neoclassical economics struggled to understand entrepreneurial anticipation and couldn’t .....

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Market Power and Regulation

Market Power and Regulation Jean Tirole is one of the most influential economists of our time. He has made important theoretical research contributions in a number of areas, but most of all he has clarified how to understand and regulate industries with a few powerful firms. Thus regulation is es.....

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Definition of Mechanism Design Theory

Definition of Mechanism Design Theory Markets, or market-like institutions, often allocate goods and services efficiently. Long ago, economists theoretically proved this efficiency under fairly stringent assumptions concerning, among other things, the nature of the goods to be produced and traded.....

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Introduction of Macroeconomics

Introduction of Macroeconomics Macroeconomics is the branch of economics concerned with the study of aggregate economic activity. In macroeconomics, a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate of growth, national income, gross domestic product.....

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Assignment on Theory of the Firm

Here focus on Theory of the Firm, which suggest that firms generate goods to a point where marginal cost equals marginal revenue, and use factors of production to the point where their marginal revenue product is equal to the costs incurred in employing the factors. It has not made much headway i.....

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Assignment on Economic Competence

Assignment on Economic Competence Economic Competence is, roughly speaking; a situation in which nothing can be improved without something else being hurt. Depending on the context, it is usually one of the following two related concepts: Allocative or Pareto Competence: any changes made to assis.....

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Analyze Economical Situation in Profitable Sectors in Bangladesh

Analyze Economical Situation in Profitable Sectors in Bangladesh With the development of the civilization every activity of human have become dependent on economic. National Income is one of the importance part of National economic. To  know about countries economical strengths we get to have Id.....

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Economic Methodology

Economic Methodology concerns the principles underlying economic argumentation. It will discuss current economic problems and focus on providing suitable framework to study further various fields of Economics. It emerged as a recognizable field, at the boundaries of economics, philosophy and scie.....

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