Business… Global Commercial Policy 30 Jun 2020 Global Commercial Policy - Commercial policies are the policies related to the imports and exports of a country. Commercial policy plays a vital role in promoting growth and well being…
Business… Globalisation 29 Jun 202019 Jul 2020 * Globalisation - Introduction Globalisation means different things to different people. In economics, globalisation refers to the increased openness of an economy to the international trade, capital flow, transfer of…
Economics… Effects of Tariffs and Quotas 28 Jun 2020 Effects of Tariffs - Tariffs are used as a trade barrier to protect the domestic industries from foreign competition. We use partial equilibrium approach represented by supply and demand analysis…
Economics… Trade Barriers 27 Jun 2020 Trade Barriers - Despite having many benefits of free trade, various countries have put up barriers to trade. Many instruments are used as barriers to trade but most important are…
Economics Case for Protection 26 Jun 2020 Case for Protection - By protection we mean in order to save the domestic industries from low priced imports of well established foreign industries some barriers against import of foreign…
Economics… Case for Free Trade 25 Jun 2020 Case for Free Trade - 1. Gains in Output and Well Being From Specialization - The free trade is fundamentally based on the gain in output and well being a…
Economics Free Trade VS Protection – Intro 24 Jun 2020 Free Trade VS Protection - Intro Free Trade and Protection comes under the commercial policy. The commercial policy is related to whether a country should adopt the policy of free…
Economics Anti Recessionary Policy to Remove Cyclical Unemployment 23 Jun 2020 Anti Recessionary Policy to Remove Cyclical Unemployment - When aggregate demand falls short of aggregate supply at full employment level of resources, a deflationary gap emerges in the economy. This…
Economics Insider Outsider Model 22 Jun 2020 Insider Outsider Model - Insider Outsider Model is a new approach about wage employment relationship. According to this approach, those who become unemployed as a result of fall in the…
Economics Pigou Effect and Employment 21 Jun 2020 Pigou Effect and Employment - Cut in wages and consequent fall in prices produces a favourable effect on the aggregate demand and employment in another way which was first pointed…
Economics Keynes’s Effect and Employment 20 Jun 2020 Keynes's Effect and Employment - Keynes's Effect says that the cut in money wages and consequent fall in prices is likely to reduce the rate of interest which will favourably…
Economics… Wage Cut and Employment 19 Jun 2020 Wage Cut and Employment - The relationship between the wages and employment always has been a controversial issue between the Keynes and classical economists. Classical economists believed that a cut…
Economics… Concept of Full Employment 18 Jun 2020 Full Employment - Full employment may be defined as the situation in which all those who are willing and able to work at prevailing wage rates are employed for the…
Economics… Unemployment – Concept and Types 17 Jun 2020 Unemployment - Unemployment is defined as a state of affairs in which there are a large number of able bodied persons of working age who are willing to work but…
Business… Market Structures – Monopoly, Oligopoly, Monopolistic, Perfect Competition 16 Jun 202017 Jun 2020 Concept of Market For an individual it would mean a shopping complex or a place where he/she can buy things. But, in economics, the concept of market is very different…
Economics Quantity Theory of Money – Cambridge Cash Balance Approach 15 Jun 2020 Quantity Theory of Money - Cambridge Cash Balance Approach - In cash balance approach to demand for money Cambridge economists, Marshall and Pigou, laid stress on the store of value…
Economics… Quantity Theory of Money – Fisher’s Transactions Approach 14 Jun 202014 Jun 2020 Value of Money and the Price Level - Value of money means its purchasing power in terms of goods and services in general. It depends on the prevalent price level.…
Economics Baumol’s Inventory Approach to Transactions Demand for Money 13 Jun 202013 Jun 2020 Baumol's Inventory Approach to Transactions Demand for Money - Baumol put forward a new approach to demand for money which explains the transaction demand for money from the viewpoint of…
Economics Friedman’s Theory of Demand for Money 12 Jun 2020 Friedman's Theory of Demand for Money - Friedman put forward demand for money function which shows how the changes in the money supply affect the price level in the economy.…
Economics Tobin’s Portfolio Approach to Demand for Money 11 Jun 202012 Jun 2020 Tobin's Portfolio Approach to Demand for Money - James Tobin, an American economist, in his analysis makes a valid assumption that people prefer more wealth to less. According to him,…
Economics… Keynes’s Theory of Demand for Money 10 Jun 202010 Jun 2020 Keynes's Theory of Demand for Money - How much of his income or resources will a person hold in form of ready money and how much will he lend depends…
Economics Cambridge Cash Balance Theory of Demand for Money 9 Jun 20209 Jun 2020 Cambridge Cash Balance Theory of Demand for Money - Cambridge cash balance theory of demand for money was given by Cambridge economists, Marshall and Pigou. It places emphasis on the…
Economics Fisher’s Transactions Approach To Demand for Money 8 Jun 20208 Jun 2020 Fisher's Transactions Approach To Demand for Money - Fisher in his theory of demand laid stress only on the medium of exchange function of money. All transactions such as buying…
Economics… Concept of Demand for Money 7 Jun 2020 Concept of Demand for Money - To understand the concept of demand for money we need to understand Why people demand for money ? According to the classical economists, money…
Economics Determinants of Money Supply 6 Jun 202015 Jun 2020 Determinants of Money Supply - Money supply is composed of currency held by the public (CP) and demand deposits of the public with the banks (D). M = CP +…
Economics… Measures of Money Supply 5 Jun 2020 Measures of Money Supply - Many definitions of money supply have been given and many measures have also been developed based on them. Components of money supply have been differentiated…
Economics… Concept of Money Supply 4 Jun 2020 Concept of Money Supply - Money supply plays a very important role in the economic growth of a country. Any increase or decrease in the money supply directly affects the…
Economics… Methods of Credit Control 3 Jun 202015 Jun 2020 Methods of Credit Control - The central bank of a country is the apex body of the monetary system which has the responsibility of controlling the volume and direction of…
Economics… Central Bank and Its Functions 2 Jun 20202 Jun 2020 Central Bank and Its Functions - Central Bank - Central bank is an apex body or institution of the monetary system which regulates the functioning of the commercial banks of…
Economics… Credit Creation By Banks 1 Jun 2020 Credit Creation By Banks Credit creation is one of the most important functions of the banks. How the bank creates credit is not a secret. The banks do not keep…
Aim Institute of Economics 