Notes and Study material for Exams
The Persistent Shadow: Understanding and Addressing Structural Unemployment Structural unemployment, a persistent and often overlooked form of joblessness, poses a significant challenge to economic growth and social well-being. Unlike cyclical unemployment, which fluctuates with the business cycle, structural unemployment stems from a mismatch between the skills and qualifications of the workforce and the demands of … Read more
Here is a list of subtopics without any description for Real Exchange Rate: Real exchange rate Effective exchange rate Purchasing power parity BalassaÂSamuelson effect Real exchange rate targeting Real exchange rate misalignment Real exchange rate volatility Real exchange rate pass-through Real exchange rate appreciation Real exchange rate depreciation Real exchange rate overvaluation Real exchange rate … Read more
Deficit Financing: A Double-Edged Sword of Economic Policy Deficit financing, a term that often evokes both hope and trepidation, refers to the practice of governments spending more than they collect in revenue, thus creating a budget deficit. This seemingly simple concept carries profound implications for a nation’s economic health, impacting everything from inflation and interest … Read more
Understanding the Government Deficit: A Deep Dive into Key Measurers The concept of a government deficit is often discussed in economic and political discourse, but its true meaning and implications can be elusive. This article delves into the intricacies of government deficits, exploring the various measures used to quantify them and their significance in understanding … Read more
The Phillips curve is a relationship between the unemployment rate and the rate of InflationInflation in an economy. It was first proposed by A.W. Phillips in 1958, and it has been a subject of much debate and controversy ever since. The Phillips curve suggests that there is a trade-off between inflation and unemployment. In other … Read more
Stagflation: A Modern Economic Enigma The term “stagflation” might sound like an oxymoron, a contradiction in terms. After all, how can an economy experience both stagnant growth and high inflation simultaneously? Yet, this seemingly paradoxical phenomenon has plagued economies throughout history, leaving policymakers and citizens alike grappling with its complexities. This article delves into the … Read more
The Dance of Demand and Supply: Understanding the Dynamics of Money Money, the lifeblood of any modern economy, plays a pivotal role in facilitating transactions, storing value, and enabling economic growth. Its availability and accessibility are crucial for individuals, businesses, and the overall health of the economy. However, the intricate interplay between the demand for … Read more
The Engine of Economic Growth: A Deep Dive into Capital Formation Capital formation, the process of creating and accumulating new capital assets, is the lifeblood of economic growth. It fuels innovation, expands productive capacity, and ultimately leads to higher living standards. This article delves into the intricacies of capital formation, exploring its key components, drivers, … Read more
Understanding Gross Value Added (GVA) at Factor Cost: A Comprehensive Guide Gross Value Added (GVA) at factor cost is a crucial economic indicator that measures the value of goods and services produced within a specific region or industry, taking into account the costs of production. It provides a comprehensive picture of economic activity and is … Read more