Economic

Propositional logic might sound like a purely philosophical concept, but its importance in economics cannot be overstated. It deals with...

Exponential and logarithmic functions provide a structured way to describe growth, calculate interest rates, understand elasticity, and analyze many other...

The Rational Expectations Theory (RET) is a fundamental concept in modern macroeconomic thought, introduced by John Muth in the early...

Kaldor’s trade cycle model is a significant contribution to the understanding of business fluctuations in macroeconomics. Developed by Nicholas Kaldor,...

The IS-LM framework is a foundational model in macroeconomics used to analyze the interaction between the real economy and the...

Let’s start by breaking down a fundamental concept that’s key to understanding how our economies work: the demand for money....

The study of money and its supply has evolved considerably since Milton Friedman’s monumental contributions. While Friedman’s Quantity Theory of...

Macroeconomics is a field that examines the bigger picture of an economy—whether national or global. Imagine zooming out from the...

Information economics examines how information asymmetry—where one party has more or better information than the other—shapes economic decisions and market...

In competitive markets, firms are constantly seeking strategies to maintain dominance and prevent new entrants from disturbing their market position....