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.