What economic concepts are most important for citizens? Here is our top 10 list of macroeconomic concepts. First, gross domestic product is the monetary value of all final goods and services produced ...

Dr. Amlan Ray is the author of Macroeconomics Essentials You Always Wanted To Know. Amlan is a B.Tech., MBA, M.A. (Economics) and PhD from Amrita Viswa Vidyapeetham, India in the area of International ...

Entropic consideration plays the essential role in understanding equilibrium in the macroeconomy comprising heterogeneous agents. Curiously, it has been long ignored in economics. In fact, the idea of ...

For IAS aspirants it is very important to have basic concepts of each and every subject of IAS Syllabus. During IAS Preparation, first of the aspirants should give time on to clear the basic concepts.

Unemployment rates, inflation, poverty, exchange rates — all familiar topics for readers who frequent this page. Normally, these are no laughing matter. But cartoonist Grady Klein and stand-up ...

Basic concepts of Macroeconomics, Circular flow of income (two sector model); Methods of Calculating National Income - Value Added or Product Method, Expenditure Method, Income Method. Factor cost, ...

Austrian economics provides valuable insights for business planning, but not so much in business cycle analysis. It’s not that key insights from the Austrian school of economics are wrong, but that ...