Category: Economics
Total Variable Cost
Finance KarmaDec 20, 2016
Total Variable Cost So you’ve just about attended the third lecture of your commerce major and the professor has already moved on to cost and revenue concepts no...
Historical Periods of Deflation
Finance KarmaDec 20, 2016
Historical Periods of Deflation Deflation is a dire economic crisis. To put it in terms of economics, deflation is marked by a general decrease in price levels of all...
Open Market Operations
Finance KarmaDec 20, 2016
Open Market Operations Even though it is considered a principal tool of the monetary policy, not many people can claim of knowing what open market operation actually...
What is Marginal Propensity to Consume
Finance KarmaDec 20, 2016
What is Marginal Propensity to Consume You know your raise is due tomorrow. It’s been a year of hard work and you know that the appraisal is long due and well...
Marginal Rate of Substitution
Finance KarmaDec 20, 2016
Marginal Rate of Substitution In the subject of microeconomics, the Marginal Rate of Substitution (MRS) is a very important concept that economists use for their...
Microeconomics Vs Macroeconomics
Finance KarmaDec 20, 2016
Microeconomics Vs Macroeconomics In a broad sense, microeconomics and macroeconomics are subcategories of economics. Even though they are different from each other in...
Monetary Policy Vs Fiscal Policy
Finance KarmaDec 20, 2016
Monetary Policy Vs Fiscal Policy At times, we see some news articles in business newspapers that claims that “…the government has made, significant changes...
Law of Demand
Finance KarmaDec 20, 2016
Law of Demand Economics is a study that deals with the production, distribution, and consumption of goods and services. Here, the study of pattern of demand and supply,...
Diminishing Marginal Utility
Finance KarmaDec 20, 2016
Diminishing Marginal Utility Microeconomics basically deals in individual concepts such as consumer’s demand, producer’s supply, factors of production, etc....
Demand and Supply Analysis
Finance KarmaDec 20, 2016
Demand and Supply Analysis Economics is a very important discipline of modern commerce, that has been progressing since the era of barter exchange. After the industrial...
