Perfect Competition Equilibirum
Perfect Competition Equilibrium
Perfect Competition Equilibrium
The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog. Here’s an excerpt: The concert hall at the Sydney Opera House holds 2,700 people. This blog was viewed about 54,000 times in 2013. If it were a concert at Sydney Opera House, it would take about 20 sold-out performances for that many…
GDP, a measure of national income is revered as an indicator of prosperity. Being the value of goods and services produced in a year in an economy, it represents the level of economic activity undertaken in an economy. Since high level of economic activity has its own positive effects on other aspects of an economy,…
Dear Kejriwal Ji, This is from one patriot to another. Please change your strategy. Now we know your intentions are noble and your methods of protests do evoke the quiet satyagrahi in all of us. There is also no doubting your courage to leave the job most in this country would give anything for and…
My experience dealing with students studying economics – either as a specialisation or as a part of their overall curriculum – be it management or law – is that the subject inspires varied reactions from students. I see a variety of emotions – awe, fear, phobia and a sense of cramming up definitions, formulas and…
I have found many students on this forum confused the way to prepare the Indian Economy section. And the reason is not surprising. There is hardly any quality study material available on the subject and many students hail from a non-economics background to complicate matters. Well, the strategy that I train my students with for…
The monetary policy review announced by the RBI was like a much awaited blockbuster – well, going bust! Speculation was rife which way will the RBI swing – will it cut the rates further amidst talks of slowing growth and the economy facing harsh and critical reviews from global rating agencies or given the runaway…
The economy has slowed down considerably in the last year following high inflation, rising interest rates, shrinking consumer budgets and dwindling corporate profits. Both Industry and Consumer were looking at the finance minister to give them some relief. But what they have got is more financial nightmare in store. The budget promises a lot for…
In a country where sports is seen as an activity to refresh your mind after hours of study, a kid growing up to be a commerce graduate, taking up sports as a profession and bringing the world to its knees is not something that belongs to the ordinary league. Top that up with suave personality,…
Self Belief: When Rahul initially came on to the scene, he was seen primarily as a test match player who struggled to score at a high strike rate. For a period of time, Dravid used to get stuck on one end, failing to rotate the strike. However, Rahul worked on his game to bring new…
Pain is bad. This is something we have grown up with. Something that our mind and body is tuned to. But the reality of life is that pain cannot be wished away. It cannot be ignored. It has to be dealt with. What makes pain even more painful is that fact that we try to…
So finally the elections in Uttar Pradesh are over. It has been an intriguing affair as no one was willing to put forward a prediction for this one, with no apparent ‘leher’ in favour of any party. A hung parliament was the most expected outcome, given the jungle of caste and religious constituencies in the…
The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog. Here’s an excerpt: The concert hall at the Syndey Opera House holds 2,700 people. This blog was viewed about 43,000 times in 2011. If it were a concert at Sydney Opera House, it would take about 16 sold-out performances for that many…
This question has been asked by many of my students. I also hear such lines in many discussions over the economy ranging from tea stalls, dinner parties to business school boardrooms – “SENSEX is going down, economy is not good”!, How justified is it in thinking that movements in SENSEX reflects the state of the…
In the recent days, there have been ample signs that the Indian economy has entered a phase where its economic growth has begun to show signs of a slowdown. GDP growth estimates from various quarters have entered the zone of 7-7.5 percent from the highs of 8-8.5 percent in the last 3-4 years. The Index…