ScienceGuy

Abstract Using the lens of game theory, the paper attempts to describe the ways in which it can enhance undergraduate understanding in international relations.

We all know 2nd law of thermodynamics. It says that the entropy of the universe is continuously increasing.   This means everything in the universe is getting more and more disordered.

We are fortunate to be witnessing a “eureka” moment of humanity. It opens new doors to our understanding of the universe and subsequently our own self. 100 years ago Einstein’s theory of general relativity predicted the formation of black holes.

Law of one price says that if two goods are identical, they must sell at the same price. This happens due to arbitrageurs. If prices differ arbitrage tries to close the gap.

Studies have shown that we might have a new entrant to wobble the already shaken climatic system of our planet. We have another loud and clear alarm from nature before we put an axe to our own foot.

European Communities were basically three internal organizations that were governed by the same set of institutions i.e. European Coal and Steel Community (ECSC), European Atomic Energy Community (EAEC) and the European Economic Community (EEC).

There are two main distortions in the New Keynesian model: 1. markups due to imperfect competition (leads to low employment in the long run): we assume that it is controlled by the fiscal authority.

Click here to read an easy-to-understand guide to Brexit - beginning with the basics, then a look at the current negotiations, followed by a selection of answers to questions the BBC has been sent.

This story is featured in BBC Future’s “Best of 2017” collection. Click here to read.

The Monetary Institute's "Our Money, Our Banks, Our Country - Money Creation in the Modern Economy" conference was held in Zurich, Switzerland on February 5, 2018.

NK model takes the RBC model backbone and adds to that the price stickiness. To incorporate price stickiness we assume that firms are price-setters and thus move away from the perfect competition assumption.

In our models so far we had assumed that agents live infinitely, which everybody knows is unrealistic. So, in this model attempt was made to relax this assumption.

Click here to view the concise self-made notes. 

T he Real Business cycle model, as discussed in another article, does not include monetary components in its analysis.

​ According to the Keynes theory, the source of fluctuations in the aggregate demand.

T his plot of log Real GNP shows the growth of real GNP in time. What we see is that the GNP has grown smoothly and consistently on average (red line) however, with some fluctuations (blue line).

Monetarist school of thought gained a reputation during the 1970's when the US was battling high inflation and slow economic growth period to which the Keynesian's had no answer.

T he control variable is a variable that you control whereas a state variable is a variable that we cannot control but nevertheless it's affected by what we choose as our control variable.

1. Mercantilism  The economic system of trade between 16th to 18th century. They believed that the amount of wealth in the world was static and so national strength could be maximized by limiting imports and maximizing exports.

Enough with UPA vs NDA for NPA...excellent discussion by Ravish to expose the political will independent of any party, behind the stressed Indian Banking System.

Ironically as the Rupee started to weaken, the politics started to heat up with politicians restarting their age-old blame game.

Abstract: Many questions have been raised regarding the need & efficacy of demonetization. Different sceptics have different speculations related to the impact of the move on the growth of the Indian economy, with general perception supporting the quantity theory of money.

1. Introduction The world has seen unprecedented growth in the past few decades. But has everyone been benefited from this growth, or has it been only for few big economies at the cost of others?