Indian School Of Economics

"When you start to think about productivity,it is hard to think about anything else for you"

Budget 2023-24

Admission is going on

Importance of Econometrics

IMPORTANCE AND SCOPE OF ECONOMETRICS FOR ECON IMPORTANCE AND SCOPE OF ECONOMETRICS FOR ECON

Distinguished British economist John Maynard Keynes (1883-1946) set off a series of movements that drastically altered the ways in which economists view the world. In his most important work, The General Theory of Employment, Interest, and Money (1936), Keynes critiqued the laissez-faire policies of his day, particularly the proposition that a normally functioning market economy would bring full employment. Keynes's forward-looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented. For Keynes, enlightened government intervention in a nation's economic life was essential to curbing what he saw as the inherent inequalities and instabilities of unregulated capitalism.

Economics was born with publication of this book

The royal Swedish Academy ofScience has decided to award the 2020 Sveriges Riksbank Prize in Economics in Memory of Alfred Nobel to Ben S.Bernanke,Douglas W.Diamond and Philip H. Dybvig "for research on banks and financial crises."

Indian School of Economics is going to start PGT economics class 2022.Admission is going on.Seats are limited.जल्दी करें।class will start from 1st sept 2022

Law of demand states that there is inverse relationship between price of good 'X' and quantity of good 'X'(normal good) along with direct relationship between good'X'and income of rhe consumer.
Condition:Inverse relationship exist between price and demand for good when demand for good and income of the consumer changes in the same direction.

"Economics is a mechanism that creates scarcity in the resources"

What is literature review?why is it important and how do I do it?