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Basic Economics
INTRODUCTION: Economics is the part of knowledge and discipline or the systematic field of the study. It's a social science the is one of the number of sciences and concerned with study of the humans acting in a group. Such as the politics, anthropology and history. Economics is social science that is studies economic activity to the gain understanding of processes that the govern distribution
Macroeconomics
Macroeconomics considers the performance of economy as a whole. Many macroeconomic issues emerge in press and on evening news on a daily basis. When we study macroeconomics we are looking at topics such as the economic growth; changes in employment, inflation; and the unemployment, our trade performance with the other countries the relative success or the failure of government economic policies an
Microeconomics
DEFINITION OF MICROECONOMICS The branch of economics that analyzes market behavior of the individual consumers and the firms in an attempt to understand decision-making process of the firms and the households. It is concerned with interaction between the individual buyers and the sellers and the factors that influence choices made by the buyers and the sellers. In particular, the microeconomic
Business Economics
MEANING OF BUSINESS ECONOMICS Managerial economics is a science that deals with application of the various economic theories, concepts, principles, and the techniques to the business management in order to solve the business and management problems. It deals with practical application of the economic methodology and theory to the decision making problems faced by the public, private and the no
Econometrics
What Is Econometrics? Econometrics uses the economic theory, statistical inference and mathematics, to quantify the economic phenomena. In other words, it turns the heretical economic models into the useful tools for the economic policymaking. The objective of econometrics is to convert the qualitative statements into the quantitative statements. The Econometricians-practitioners of the econom
International Economics
INTRODUCTION: International Economics (IECO) major is grounded in belief that the economic analysis is essential to understanding of the modern world affairs. With decreasing the costs of transporting goods and the information, the market forces, which guide international flow of the goods, people, assets, information and technology, are becoming a dominant factor in process of the globalizati
Managerial Economics
Introduction: Managerial economics is used synonymously with business economics is the branch of economics that deals with application of the microeconomic analysis to the decision-making techniques of the businesses and the management units. It acts through the media between economic theory and the pragmatic economics. The Managerial economics bridges gap between the theories and précis. Tene
Game Theory
The Game theory is the science of strategy. It attempts to determine the mathematically and the logically actions that "players" should take to secure best outcomes for themselves in a wide array of the "games." The games it studies range from the chess to child rearing and from the tennis to takeovers. But games all share common feature of the interdependence. That is, outcome for each participan
Public Economics
Introduction: Public economics is study of the government policy during the lens of economic efficiency and the equity. At its most essential level public economics provides the framework for thinking about whether and not government should participate in the economics markets and to what extent its role should be. Microeconomic theory is the utilized to assess whether the private market is li


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