Notes and Study material for Exams
Unpacking Core Inflation: A Deeper Dive into the Sticky Price Puzzle The term “inflation” is a familiar one, often associated with rising prices and a shrinking purchasing power. But within this broad concept lies a nuanced distinction: core inflation. This metric, often presented alongside headline inflation, provides a more refined picture of price pressures within … Read more
Inflation Targeting: A Powerful Tool for Monetary Policy Inflation, the persistent increase in the general price level of goods and services, is a significant economic concern. It erodes purchasing power, distorts investment decisions, and can lead to economic instability. To combat inflation, central banks around the world have adopted various monetary policy strategies, with inflation … Read more
The Dance of Supply and Demand: Understanding Market Price Dynamics The market price of a good or service is a fundamental concept in economics, reflecting the dynamic interplay between supply and demand. It acts as a signal, guiding producers and consumers in their decision-making processes, ultimately determining the allocation of resources within an economy. This … Read more
The Elasticity of Demand: Understanding the Responsiveness of Consumers The concept of elasticity is fundamental to understanding how consumers respond to changes in price. In economics, elasticity of demand measures the sensitivity of the quantity demanded of a good or service to changes in its price. This sensitivity is crucial for businesses, policymakers, and consumers … Read more
The Invisible Hand: Understanding the Law of Demand and Supply The concept of supply and demand is a fundamental principle in economics, shaping the prices of goods and services in a free market. It’s the invisible hand that guides the allocation of resources, determining what gets produced, how much, and at what price. This article … Read more
Aggregate Demand: The Engine of Economic Growth Aggregate demand (AD) is a fundamental concept in macroeconomics, representing the total demand for all goods and services produced in an economy at a given price level. It is a key driver of economic growth, employment, and price stability. Understanding aggregate demand is crucial for policymakers and businesses … Read more
Operation Greens: Stabilizing Prices for Farmers and Consumers Introduction The agricultural sector in India plays a pivotal role in the country’s economy, providing livelihoods to a significant portion of the population. However, the sector faces numerous challenges, including price volatility, inadequate infrastructure, and lack of access to markets. These challenges often result in distress for … Read more
Price Stabilisation Fund Scheme (PSFS): Protecting Consumers and Farmers from Price Shocks The agricultural sector, a cornerstone of many economies, is inherently vulnerable to price fluctuations. These fluctuations, often driven by factors beyond the control of farmers and consumers, can lead to significant economic hardship and social unrest. To mitigate these risks and ensure a … Read more
Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA): Ensuring Fair Prices and Protecting Farmers’ Incomes Introduction India, a nation heavily reliant on agriculture, faces a persistent challenge in ensuring the economic well-being of its farmers. Fluctuating market prices, inadequate storage facilities, and limited access to credit often leave farmers vulnerable to financial distress. Recognizing this critical … Read more
Operation Greens: Stabilizing Prices, Boosting Farmer Incomes Introduction: India, a nation of over 1.3 billion people, faces a constant struggle to ensure food security for its vast population. The agricultural sector, employing a significant portion of the workforce, plays a crucial role in this endeavor. However, the sector faces numerous challenges, including price volatility, low … Read more