Notes and Study material for Exams
Core InflationInflation is a measure of inflation that excludes volatile prices, such as food and energy prices. It is calculated by taking the Consumer Price Index (CPI) and excluding the prices of food and energy. Core inflation is often used as a more accurate measure of inflation because it is less affected by temporary fluctuations … Read more
Here is a list of subtopics on InflationInflation targeting: History of inflation targeting Theoretical foundations of inflation targeting Empirical evidence on inflation targeting Advantages and disadvantages of inflation targeting Implementation of inflation targeting Challenges to inflation targeting The future of inflation targeting I hope this is helpful! Let me know if you have any other … Read more
The following are subtopics of market price: Market price is the price at which a good or service is bought and sold in a competitive market. Market price is determined by the interaction of supply and demand. Supply is the amount of a good or service that producers are willing and able to sell at … Read more
Price elasticity of demand Income elasticity of demand Cross-price elasticity of demand Elasticity of supply Total revenue Consumer surplus Producer surplus Deadweight loss Price elasticity of demand is a measure of how much the quantity demanded of a good or service changes in response to a change in its price. It is calculated as the … Read more
Law of demand Law of supply Demand curve Supply curve Equilibrium price Equilibrium quantity Market equilibrium Market disequilibrium Shifts in demand Shifts in supply Elasticity of demand Elasticity of supply Consumer surplus Producer surplus Total surplus Welfare economics The law of demand states that, all other things being equal, the quantity demanded of a good … Read more
The following are the subtopics of aggregate demand: Consumption Investment Government spending Net exports Aggregate demand curve Aggregate demand shock Aggregate demand management Aggregate demand (AD) is the total demand for goods and services in an economy at a given time and price level. It is the sum of consumption (C), investment (I), government spending … Read more
Operation Greens is a central government scheme aimed at addressing price fluctuations and ensuring the stable supply of TOP vegetables – Tomato, Onion, and Potato. It recognizes the vulnerability of these essential commodities to volatile market forces and seeks to benefit both farmers and consumers. Objectives of Operation Greens Price Stabilization: Prevent sharp price fluctuations for … Read more
The Price Stabilisation Fund Scheme (PSFS) is a central government initiative aimed at mitigating price volatility in essential agricultural commodities like onions, potatoes, and pulses. The scheme seeks to protect both consumers from sudden price spikes and farmers from distress sales during price crashes, fostering stability in the agricultural market. How Does the PSFS Work? … Read more
The Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) is a multifaceted central government scheme launched in 2018 to safeguard farmers from price volatility and ensure fair returns for their produce. This critical initiative acts as a safety net for farmers by providing price support mechanisms and assuring procurement of select agricultural commodities. Key Components of … Read more
Operation Greens, launched in 2018 under the Union budget, is a revolutionary scheme designed to address the volatility in the prices of perishable commodities like Tomatoes, Onions, and Potatoes (TOP). The scheme aims to protect both farmers from price fluctuations and consumers from sudden price spikes. Key Objectives of Operation Greens Price Stabilization: Ensure price stability … Read more