ScienceGuy

Agriculture: The agricultural sector in India operates at extremely low productivity and the need for reforms in this sector is imperative. Observe that despite a large fraction of the population involved in agriculture, the agricultural value addition to the economy has declined significantly and has stagnated at lower levels. What it needs now is a big push by the government. 

The course by IMF provides an overview of empirical methods and analytical techniques for assessing the impact and effectiveness of development innovations at product and policy levels and the way to measure what's working. The course provides tools to evaluate the causal impact of various policies and programs.

Recently, I was transacting with a fruit vendor, to whom I owed Rs. 10. I had given him a coin of that amount for the payment (i.e. a rupee 10 coin).

These are the notes from LSE MA 207 course which discusses the basic mathematics required for further studies at the postgraduate level in economics. I personally found this course very exhaustive and immensely helpful.

Today Indian hockey team won the bronze medal, re-writing history after having won an Olympic medal after 41 years. It indeed is a time to rejoice for the entire nation. Consequently, the Prime Minister of India, Mr Modi dialled the Indian hockey team's captain, just post the match to congratulate him.

National Income Accounting is a way to measure the economic activity of a nation. However, it is quite a bit complex in nature as the data required to measure different components are not directly available.

Recently, while reading about the history of religions, I read that several founders of world religions, like, Christ, Zoroaster, Confucius, Buddha were born and lived in 1st millennium BC.

Read concise points from each chapter of the history of economics - click here

In this post, I review an interesting interview about the decision-making process by an ex-spy and the National Security Advisor of India and connect it with a simplistic optimization procedure used in fundamentally and frequently in  economics .

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.

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.