News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Lectures to Simplify Economics And Economic Analyses: What Is Keynesian Economics?
Keynesian economics is the use of fiscal policies (government spending and taxes) as a means to control the economy. This idea was adopted by the British economist John Maynard Keynes, one of the most important thinkers of the 20th century. Keynes's ideas shaped the modern world economy. Keynes is s
Lectures to Simplify Economics And Economic Analyses: What Is A Tariff?
In March, President Donald Trump set two tariffs. He set a tariff on steel imports and aluminum imports. Import is goods that are bought from another country. Export is goods that are sold to another country.Tariffs are a tax on imported goods. Businesses and people inside the country will pay extra
Lectures to Simplify Economics And Economic Analyses: Malthusian Theory Of Population, Sociological and Economic View of The Population Issue
Industrialization, revolution in agriculture, deep-rooted economic and social transformations such as immigration from the countryside to cities, and rapid urbanization took place in Western Europe in the 19th century. In the same period, there was a significant demographic change. Throughout the 19
Lectures to Simplify Economics And Economic Analyses: Merkantalizmi İktisadi Düşünceye Hazırlayan Ekonomik Şartlar ve Sömürge Hareketleri
Devletin gerçek zenginliğinin kaynağının değerli madenler olduğunu savunan Merkantilist iktisadi düşünce kabaca 1450-1750 yılları arasında uygulama alanı bulmuştur. Merkantilizm, ülkeye değerli maden girişini ve ülkeye giren madenlerin de yeniden çıkmaması için ihracatı teşvik edici, ithalatı sınır
Lectures to Simplify Economics And Economic Analyses: Different Types of Goods-1
First, i will tell you aboutincome elasticity of demandandcross elasticity of demandin order to make easy to understand the type of goods.Income Elasticity of Demand:It measures the susceptibility of demand in reaction to change in income.Cross Elasticity of Demand:It measures the quantity of demand
Lectures to Simplify Economics And Economic Analyses: Küresel Isınma ve İklim Değişiklği Bağlamında Dışsallıklara Farklı Bir Bakış
Dışsallık, bir ekonomik faaliyet ve işlem nedeniyle o işlemin tarafı olmayan üçüncü şahıslar üzerine düşen maliyet ya da faydaları ifade eder. Bir ekonomik birimin üretim veya tüketim faaliyetlerinden elde ettiği özel faydanın yanında, diğer ekonomik birimlere fayda sağlıyorsa "dışsal fayda" veya po
Lectures to Simplify Economics And Economic Analyses: What is an ‘Opportunity Cost’?
Needs of human being are infinite. But, goods and services produced in order for satisfying infinite human needs are always scarce. In other saying, there is an imbalance between the quantity of goods and services produced with the intent of satisfying infinite human needs and finite natural resourc
Lectures to Simplify Economics And Economic Analyses: What is Cryptocurrency?
Crypto means ‘a person who adheres or belongs secretly to a party, sect or another group’; currency means something (such as coins, treasury notes, and banknotes) in circulation as a medium of exchange. The word cryptocurrency created by combining these two words, means encrypted currency. Cryptocur
Lectures to Simplify Economics And Economic Analyses: The Law of Scarcity, The Definition of Economics and the ‘Production Possibility Frontier-PPF’
The law of scarcity simply notes that economic resources — land, labor, capital, and talent — are limited, not infinite. This assumption is easily verifiable by noting that if resources had been infinite, everything should have been free; because it is not, scarcity must exist.The definition of Econ
Lectures to Simplify Economics And Economic Analyses: Capitalism Needs a New Economics Theory
The theory of today’s economy, that is, the neoclassical economics method, which was first modified by the theory of monetarist economics and then the theory of rational expectations, is, in fact, the theory of economy of the capitalist system. Thirty years ago, there were countries in the world wit
Lectures to Simplify Economics And Economic Analyses: What is Mercantilism?
Mercantilism is a movement of thought that is maintained between the Middle Age and Physiocracy between 1450–1750s. As this thought of movement was interpreted differently by thinkers, it was implemented differently in each country, and it is another article’s topic. So, first, I will explain the ev
Lectures to Simplify Economics And Economic Analyses: Where is the invisible hand now?
We see a dramatic decrease in consumption and production, but at the same time, we can observe that the big businesses cry for the government to rescue them? Where is the invisible hand that magically coordinates the market in such an efficient way that we will always reach the most efficient, wealt
Lectures to Simplify Economics And Economic Analyses: The Economic Policy of Wearing Mask In Consideration of Externalities and Turkey Example
In economics, anexternalityis a cost or benefit that affects a third party who did not choose to incur that cost or benefit. Externalities might be both positive or negative. Positive externalities are benefits that are infeasible to charge to gain; negative externalities are costs that are infeasib
Lectures to Simplify Economics And Economic Analyses: How Physiocracy inspired Karl Marx and Liberal Economics and Their Conflicts
Physiocracy inspired Karl Marx and liberal economics thinkers despite being developed in the second half of the 18th century, lasting from 1760 to 1770 in the short term.The term of physiocracy means“rule of nature.”According to Physiocrats, natural law is perfect and ideal order governed by God. Th
Lectures to Simplify Economics And Economic Analyses: A Different View of Externalities in the Context of Global Warming and Climate Change
An externalityis a cost or benefit that affects a third party who did not choose to incur that cost or benefit. Externalities can be both positive or negative. A positive externality is anything that causes an indirect benefit to individuals. A GSM operator that uses the new technology to make phone
Lectures to Simplify Economics And Economic Analyses: What is the 'Law Of Diminishing Marginal Utility'?
As the quantity of a certain consumed goods increases in a specific term (when the consumption of other goods are fixed), marginal utility, which each additional unit of goods alter the total utility, gradually decrease. This is called the Law of Diminishing Marginal Utility.In a situation that the
Lectures to Simplify Economics And Economic Analyses: Value, Value in Use, Value in Exchange and The Paradox of Value
Value means the utility of a commodity. However, according to Adam Smith, the word value is used in two senses, These are explained below.Value in Use:It is the satisfaction which an individual obtains from the use of a commodity. For example, water has a huge value in use, because it quenches the t
Lectures to Simplify Economics And Economic Analyses: What is an ‘Increasing Opportunity Cost’?
The production possibility frontier (PPF) is a curve showing all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF assumes that all inputs are used efficiently.I will explain ‘the increasing opportunity cost’ on the production possib
Lectures to Simplify Economics And Economic Analyses: Different Types of Goods-2
I continue to lecture about types of goods on this article where i stayed at the previous post. There are two types of goods that need to be known and those types of goods have anomalies which are contrary to the law of demand. One of them isGiffen Goodand the other one isVeblen Good. Let's start wi