Micro Theory Econ
Posted by in Growth Theory dated August 8th, 2011 FUNDAMENTALS of ECONOMICS The Aim & Scope of Economics: The study of economics is aimed at finding the natural law governing an economy and its scope is to find the ideal principles for the working of an economy based on those findings. There is no such Thing as Free Lunch: It is [...] Posted by in Growth Theory dated August 8th, 2011 Karachi dated 09-09-2009 The financial crisis which started from July, 2007 can be attributed to indifferent and inefficient credit policy as well as under-regulated and over-regulated economies of the world above all economic injustices and economic disobediences. On cause of the crisis can also be endorsed to misbalanced interest rate which caused [...] Posted by in Growth Theory dated August 8th, 2011 What is economics?Adam smith who is popularly known as father of economics wrote in his book that economics can be defined by two aspects i.e.1) Wealth and welfare definition – which states that economic activities of people are guided by objective of acquiring wealth.2) Scarcity of means definition- states that human wants are unlimited and [...] Posted by in Growth Theory dated August 7th, 2011 “The only reason of hostilities, quarrels, murders, brutal actions and doing all devil deeds around the world among people is forgetting God’s power, glory, loftiness, kindness and his mention. If we had known how much he loves us, we would have died from his love and not done these wild actions. The opportunities are moving [...] Posted by in Growth Theory dated August 7th, 2011 Finance economics looks at the allotment of capital, labor, and material over time. We live in in an uncertain environment. It examines how money flows into various channels now to create money in the future. It tries to determine the amount of money transferred into the future, based on uncertainty and risk. It looks at how decisions [...]
