Tag Archives | Economics

Neoclassical Theory of Money (Monetary Issues): With Graphs, Equations & Formulas

Neoclassical Theory of Money (Monetary Issues): With Graphs, Equations & Formulas! Neoclassical theory of money has been developed as a part of reaction against the Keynesian revolution. Keynes repudiated the classical theory of full - employment equilibrium and demonstrated the possibility of less - than - full employment equilibrium. The counter - revolution which was initiated by Pigou in 1943, [...]

By |2019-03-27T07:08:45+05:30September 11, 2018|Neoclassical Theory|Comments Off on Neoclassical Theory of Money (Monetary Issues): With Graphs, Equations & Formulas

Market Mechanism in Economics: Examples and Graphs

In this article we will discuss about:- 1. What is Market Mechanism 2. Efficiency under Market Mechanism 3. Examples 4. Graphs. What is Market Mechanism: Market mechanism is often interpreted as a 'free' market system. For a layman 'free' means that when you go to a market, there is no re­striction - you can buy as much as you want [...]

By |2019-03-27T07:07:32+05:30September 11, 2018|Market Mechanism|Comments Off on Market Mechanism in Economics: Examples and Graphs

How is Exchange Rate Determined in India?

The following procedure is observed in India for the determination of Exchange Rate:- In theory terms exchange rate determination is explained by two main models: 1. Flexible/floating exchange rate model  2. Fixed/pegged exchange model 1. Flexible Exchange Rate Model: When we treat exchange as a price of any foreign currency, then we can use the tools of demand and supply [...]

By |2019-03-27T07:07:18+05:30September 11, 2018|Exchange Rate|Comments Off on How is Exchange Rate Determined in India?
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