ՓՈՔՐԱԾԱՒԱԼ ՏՆՏԵՍՈՒԹԻՒՆ Սահմանում Փոքրածաւալ տնտեսութիւնը տնտեսագիտութեան այն ճիւղն է, որ կը քննէ թէ ինչպէս անհատներ, տանտէրներ եւ հաստատութիւններ կը ճշդեն նիւթական չափաւոր աղբիւրներու գործածութիւնը առեւտուրի շուկաներուն մէջ: Այս մասնագիտութիւնը կը քննէ որոշումներու ու վարուելակերպի ազդեցութիւնը պահանջարկին ու առաջարկին վրայ, որոնք իրենց կարգին կ՛ազդեն գիներուն վրայ ու կ՛ազդուին անոնցմէ: Փոքրածաւալ տնտեսութիւնը …Read More »
WORLD BANK GROUP
World Bank Group The World Bank Group (WBG) is a family of five international organizations responsible for providing finance and advice to countries for the purposes of economic development and eliminating poverty. The Bank came into formal existence on 27 December 1945 following international ratification of the Bretton Woods …Read More »
WHAT IS ARBITRAGE?
What is Arbitrage? Terrific question! Let’s start from the definition. The Economics Glossary defines arbitrage opportunity as “the opportunity to buy an asset at a low price then immediately selling it on a different market for a higher price.” If I can buy an asset for $5, turn around and …Read More »
WHAT DOES THE VALUE OF THE DOW JONES REPRESENT?
What does the value of the Dow Jones represent? If you read the newspaper, listen to the radio, or watch the nightly news on television, you’ll probably hear about what happened to “the market” today. It’s all fine and good that the Dow Jones finished up 35 points to close …Read More »
WHAT ARE GAME THEORY AND BARGAINING THEORY?
What are game theory and bargaining theory? The best definition of Game Theory contained in “Dictionary of Economics” it states: Much of economic theory is concerned with the process and conditions under which individuals or firms maximize their own benefits or minimize their own costs in markets in which their …Read More »
Wealth Wealth from the old English word “weal”, which means “well-being” or “welfare”. The term was originally an adjective to describe the possession of such qualities. “Wealth” mean an abundance of items of economic value, or the state of controlling or possessing such items, and encompasses money, real estate and …Read More »
THE LOGIC OF COLLECTIVE ACTION
The Logic of Collective Action The Logic of Collective Action explains why some groups are able to have a larger influence on government policy than others, and how we can use the results to explain economic policy decisions. If a group of people have a common interest they’ll naturally get …Read More »
Money Money is any good or token that functions as a medium of exchange that is socially and legally accepted in payment for goods and services and in settlement of debts. Money also serves as a standard of value for measuring the relative worth of different goods and services. Some …Read More »
Microeconomics Microeconomics is a branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources,typically in markets where goods or services are being bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, …Read More »
INTERNATIONAL MONETARY FUND
International Monetary Fund The International Monetary Fund (IMF) is an international organization that oversees the global financial system by observing exchange rates and balance of payments, as well as offering financial and technical assistance. Its headquarters are located in Washington, D.C., USA. Organization and purpose IMF describes itself as “an …Read More »