The economy is controlled by two types of policy:
- Fiscal (by Government): Taxes and Expenditures
- Monetary (by Central Bank): Money supply and Interest rate
Category Archives: Economics
[Macroeconomics] Unemployment
Unemployment is one of the most widely used barometers to check a current economic status. Therefore, it is natural that unemployment is the main topic of macroeconomics.
Continue reading “[Macroeconomics] Unemployment”[Microeconomics] Market Structures
The types of Markets.
Continue reading “[Microeconomics] Market Structures”[Microeconomics] Costs
The basic concept of Costs, Revenues, and Profits.
Continue reading “[Microeconomics] Costs”[Microeconomics] Demand and Supply
Microeconomics (small economics) is about the decision-making behavior of individuals and firms regarding how to allocate scarce resources and their interactions.
Continue reading “[Microeconomics] Demand and Supply”[Economics] What is it?
Basic concept of Economics: What is Economics?
It is important to remember that when I talk about “Economics,” I am not referring to a specialized branch of the social sciences, but yo a general understanding of how we maintain our daily lives with others.
Continue reading “[Economics] What is it?”
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