The Principles of Economics With Applications to Practical Problems
The Principles of Economics With Applications to Practical Problems
The Principles of Economics With Applications to Practical Problems
This note describes the following topics: Economic Motives, Wealth
And Welfare, The Nature Of Demand, Exchange In A Market, Psychic Income, The
Law Of Diminishing Returns, The Theory Of Rent, Repair, Depreciation, And
Destruction Of Wealth, Capitalization And Time-value, The Money Economy And
The Concept Of Capital, Interest On Money Loans, The Value Of Human
Services.
The objective of
this book to familiarize the students with the basic concepts of economics
such as Demand, Supply, Goods, Utility and enable the students to understand
basic theories, Principles and laws relating to Consumption, Production and
Distribution.
This note
covers the following topics: Solow growth model, Ramsey growth model,
Diamond overlapping-generations model Endogenous growth and human capital
models, Empirical growth analyses, Business cycles and RBC models,
Traditional business-cycle models, New Keynesian IS-LM, Phillips curve,
Lucas imperfect-information model, Imperfect competition and sticky prices,
Dynamic pricing models, Unemployment models and Investment theory.