Article originally published in HubPages The term ‘Economics’ has been derived from the Greek word ‘Oeconomicus’, which means management of the household. Thus, economics means; ‘household management’ or ‘management of household affairs’. Household management refers to managing the unlimited wants of the family members within the limited income of the family. The beginning of the […]
Definitions of Economics Read More »
Based on consideration of time, microeconomic analysis can be divided into three types. Micro Statics/Micro Static Analysis Comparative Micro Statics/ Comparative Micro Static Analysis Micro Dynamics/ Micro Dynamic Analysis The detailed study material and video presentations are attached below. The Video Presentation
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Economics is all about making rational economic decisions in a state of scarcity. Economics study how scarce economic resources are allocated.And economics also analyzes the forces and trends that affect the economy as a whole, including the growth rate of output, the rate of the population that cannot find work, the rate at which price
Ten Principles of Economics BBS First Year Microeconomics Read More »
Course Title: Macroeconomics for BusinessCourse Code: MGT 209:Lecture hours: 150Full Marks: 100Pass Marks: 35 Course ObjectivesMacroeconomics for Business aims to enhance understanding of macroeconomic principles and Nepalese macroeconomic situation to the Bachelor level students. It will help to inculcate the skills incorporating different macroeconomic domains in the assessment of the nature of the business environment.
Macroeconomics for Business BBS Second Year New Syllabus 2021 Read More »
ContentUnit 2: Market Equilibrium and Efficiency
Microeconomics Note BBS First Year Read More »
Business economics is a relatively new branch of economics developed in the 1950sBusiness economics refers to the application of economic theories, principles, and methods in the business or managerial decision-making process. It provides the base or criteria to the managers while solving the problems related to the allocation of scarce resources Business organizations face different
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Production possibility set refers to different possible combinations of two goods that can be produced from a given amount of resources and a given level of technologyProduction possibility curve or frontier (PPF) shows the various alternative combinations of goods and services that an economy can produce when the resources are all fully and efficiently employed.
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Unit 1: Introduction to Microeconomics Meaning of Microeconomics Generally, the subject matter of economics is divided into two main branches. They are microeconomics and macroeconomics. The terms ‘micro’ and ‘macro’ were first used in economics by Norwegian economist Ragnar Frisch in 1933. These terms were derived from Greek words ‘MIKROS’ and ‘MAKROS’ respectively which refers
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ContentMeaning, Features, Scope, Uses, and Limitations of Microeconomics Meaning of Microeconomics Generally, the subject matter of economics is divided into two main branches. They are microeconomics and macroeconomics. The terms ‘micro’ and ‘macro’ were first used in economics by Norwegian economist Ragnar Frisch in 1933. These terms were derived from Greek words ‘MIKROS’ and ‘MAKROS’
Meaning, Features, Scope, Uses, and Limitations of Microeconomics Read More »
Introduction M.Phil. Program of Central Department of Economics, Tribhuvan University The Central Department of Economics has introduced M. Phil. Degree in Economics since the academic year 2007. The objective of this course is to provide advanced and specialized study in Economics for further learning and research leading to Ph.D. The proposed program will be running
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