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Courage to Know: Classical Theory of the rate of Interest
http://ednpoint.blogspot.com/2013/12/classical-theory-of-rate-of-interest.html
Saturday, December 21, 2013. Classical Theory of the rate of Interest. It is also known as the Supply-Demand Theory of the rate of Interest, or the Savings-Investment Theory. Higher the rate of interest, higher will be the supply of savings. But the investors will invest less because interest is the cost of acquisition of an asset. Investment is the demand for loanable funds, and savings is the supply of loanable funds. Posted by Chandra Bhanu. Labels: classical theory of the rate of interest. Quantity T...
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Courage to Know: World Economy - 2014
http://ednpoint.blogspot.com/2014/12/world-economy-2014.html
Thursday, December 11, 2014. World Economy - 2014. Most of the economies need to swing back to a near non-inflationary situation. A total evaluation and overhauling of the world economic structure needs to be done with sufficient co-operation among countries. Posted by Chandra Bhanu. Want to say something? Subscribe to: Post Comments (Atom). Update(s):Post(s) under preparation: -. View Chandra Bhanu's Art at Profoundfeeling.blogspot.com. Quantity Theory of Money. Keynes Theory of employment. Subscribe to...
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Courage to Know: Opportunity Cost, Normal Profit, Economic Profit and Accounting Profit
http://ednpoint.blogspot.com/2011/06/opportunity-cost-normal-profit-economic.html
Tuesday, June 7, 2011. Opportunity Cost, Normal Profit, Economic Profit and Accounting Profit. Put in another way, Opportunity cost is the benefits or returns a firm could have received by taking an alternative course of action. Use of every resource has an opportunity cost. Like the opportunity cost of all other resources, normal profit (foregone profit) is deducted from revenue to determine the economic profit. It is however, never included as an accounting cost when accounting profit is calcul...Norma...
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Courage to Know: World Economy - 2012 onwards
http://ednpoint.blogspot.com/2013/09/world-economy-2012-onwards.html
Friday, September 20, 2013. World Economy - 2012 onwards. Art and culture are getting industrialized. The world is undergoing a thorough cultural change, and when art and culture changes, everything else changes. Now we have the notion that a poet or a dramatist is not only born, he can be groomed up into also; he can be made. Technological changes are also taking place at a fast pace, though certain technological advancements are being assumed to bring some potential adverse effects on life and living.
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Courage to Know: Theory of Consumption - Revealed Preference Analysis
http://ednpoint.blogspot.com/2011/05/theory-of-consumption-revealed.html
Monday, May 23, 2011. Theory of Consumption - Revealed Preference Analysis. Introduction: In 1960 Mr. Samuelson. Introduced the Revealed Preference Analysis to explain the behaviour of the consumer. The fundamental difference between the Utility Analysis, Indifference Curve Analysis and Revealed Preference Analysis is that when the first two are based on the psychology of the consumer, the revealed Preference is based on the actual behaviour of the consumer. 1 Utility cannot be measured. 5 The choice mad...
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Courage to Know: General Equilibrium Theory - Overview
http://ednpoint.blogspot.com/2011/05/general-equilibrium-theory-overview.html
Wednesday, May 18, 2011. General Equilibrium Theory - Overview. Is the study of the behaviour of isolated economic entities as individual consumers, firms or industries. It deals with the division of the total output among individuals, industries, products, and firms and the allocation of resources among competing users. It looks at the whole thing with a singular point of view. General equilibrium theory deals with the fundamentals of supply and demand within an economy where there are a group of market...
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Courage to Know: Automatic Stabilizer and Discretionary Fiscal and Monetary Policy
http://ednpoint.blogspot.com/2011/05/automatic-stabilizer-and-discretionary.html
Wednesday, May 25, 2011. Automatic Stabilizer and Discretionary Fiscal and Monetary Policy. In a stable economy relative prices and outputs must be free to vary with changes made in technology, tastes and preferences of consumers and suppliers of factors of production, namely land, labour and capital. This can be shown in the following diagram. The degree of automatic stabilization depends on the tax rates. Higher the tax rates, higher will be the degree of stabilization. Automatic stabilizers are there ...
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Courage to Know: Perfect Competition - Long Run Equilibrium
http://ednpoint.blogspot.com/2011/06/perfect-competition-long-run.html
Saturday, June 18, 2011. Perfect Competition - Long Run Equilibrium. Before reading this, read:. Perfect Competition - Short Run Equilibrium. In the long run it is impossible for a perfectly competitive firm to hold on to its short run economic or supernormal profit. The firm, in the long run, earns just enough profit to cover its economic (opportunity) costs. As there is only. The firm's long run supply curve is the long run marginal cost curve above the minimum long run average cost curve (AC curve).
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Courage to Know: Software System Development Process
http://ednpoint.blogspot.com/2011/09/software-system-development-process.html
Friday, September 16, 2011. Software System Development Process. Software Systems development requires an organized, step by step approach. The steps should be natural and have well-defined results. The completion of each step should provide a check-point where it can be determined whether the next step can be carried out or not. Goals to be achieved and benefits to be derived from the software system must be well defined and documented. It will show whether the solution is adequate or not. A sys...All t...
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Courage to Know: Production Possibility Curve
http://ednpoint.blogspot.com/2015/06/production-possibility-curve.html
Monday, June 1, 2015. A-X-Z-B, extended both ways to meet the axes, is the PPC Curve. A full-employment economy must always, in producing one commodity, be giving up something of another. Satisfaction is the law of life in a full-employment economy. The Production Possibility Curve (PPC) depicts society's menu of choices. It is also called the country's Production Possibility Frontier. Let us explain the concept with the help of the adjoining diagram. Outward shift of the Production Possibility Curve.
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