MATHEMATICS AND STATISTICS FOR ECONOMICS Module 1: Tools of Economic Analysis Introduction: Nature and Scope of Mathematical Eco...

Business Cycle (or Trade Cycle) is divided into the following four phases; Prosperity Phase:  Expansion or Boom or Upswing of economy...

The problem of stagflation encountered by USA and UK during the seventies and early eighties when both high inflation and high unemployme...

Meaning: New classical economics based on rational expectation hypothesis was put forward by Robert Lucas of the University of Ch...

In his pamphlet,’ how to pay for the war ‘published in 1940, Keynes explained the concept of ‘inflationary gap’. It differs from his vie...

The term ’inflation’ is used in many senses and it is difficult to give a generally accepted, precise and scientific definition of the term...

There are several types of inflation observable in an economy. These can be classified as under:  1. Creeping, Walking, Running, and Gall...

A period of prolonged, persistent and continuous inflation results in the economic, political, social and moral disruption of society. T...