Elasticity and Slope: A critical analysis

Elasticity in Economics Meaning The Law of demand shows only the direction of c…

Hypothetico-Deductive Method 1

Learning Objectives Hypothetico-deductive Approach or Method Concept of the hyp…

11 Key Differences Between the Economic and Econometric model

The economic model and econometric model are the two models that are used in ec…

Equilibrium and Stability Test [11 diagrams]

Learning Objectives Equilibrium: Meaning and Definition Disequilibrium and Auto…

Subsidy: A Deeper Analysis with 6 Figures

Learning Objectives Subsidy: Basic Concept Subsidy and Dead-weight Loss Analysi…

Profit Maximization Problem: Perfect Competition

Learning Objectives Profit Maximization Problem Decision of a firm Output Decis…

IS-LM approach: Keynesian Economy

Acceleration Principle: Meaning, and relationship with multiplier

Learning Objectives Acceleration Principle: Assumptions Mathematical Derivation…

Tax: A deeper analysis with 9 figures

Tax in Economics Basic Concept Tax is a compulsory contribution to state revenu…

Models in Economics: Meaning, Importance, and Limitation

Economic Models In economics, a model is defined as a theoretical construct tha…