By Aidan Hackett. Edited by Arjun Chandrasekar. Overview Game theory is, according to Investopedia, “a theoretical framework for conceiving social situations among competing players”. Basically, what this means is analysing what one person should do, assuming they are...
By Aidan Hackett. Edited by Arjun Chandrasekar. Overview In stark opposition to the ideas of Keynes, demand side theorists, large government advocates, and those pushing for higher tax rates, supply side economic theory posits lower taxes, more...
By Aidan Hackett. Edited by Arjun Chandrasekar. Overview Goods are items that satisfy human wants and provide utility. The key distinction between a good and service is that a good is transferrable, meaning that it can move...
By Theo Anthony. Edited by Arjun Chandrasekar. Overview In the present-day workforce, many industries are implementing redundancies of unskilled workers, mostly due to automation; in fact, a study conducted by...Read More
By Arav Talati. Edited by Arjun Chandrasekar. Overview The supply and demand relationship is the correlation between the quantity of a commodity that producers sell at different prices and the...Read More
By Puja Shah. Edited by Arjun Chandrasekar. Overview Often overlooked, but crucial to use when making decisions, this article will introduce you to opportunity cost so that you can incorporate...Read More
By Aidan Hackett. Edited by Arjun Chandrasekar. Overview As the Great Depression set in around the world, John Maynard Keynes’ home, the UK, was particularly ill affected. Keynesian economics is...Read More
By Arav Talati. Edited by Arjun Chandrasekar. Overview The field of behavioral economics is now a widely explored area as it combines two fields: psychology and economics. Richard Thaler is...Read More
By Arav Talati. Edited by Arjun Chandrasekar. Introduction According to Investopedia, “Behavioral economics draws from the fields of psychology and economics to explore the study of judgments and choices that...Read More
By Aniket Bose. Edited By Arjun Chandrasekar Overview Inflation targeting is a central banking policy that revolves around the adjustment of the monetary policy for achieving a specific annual rate...Read More
By Aniket Bose. Edited by Arjun Chandrasekar. Overview Monetary policy and fiscal policy are the two most recognized tools used to influence a nation’s economic activity, also known as macroeconomic...Read More