Indifference Curve (IC) Analysis in Economics
What is an Indifference Curve? An indifference curve (IC) is the locus of a point that represents the same level of utility given by various combinations of any two commodities. An IC is an analytical…
Theories of International Trade and Investment
International Economics International business theories explain why countries trade with each other and the benefits derived from such trade. These theories can be broadly categorized into classical and modern, with the former focusing on country-level advantages…
All Giffens are Inferior but All Inferior are Not Giffen. Explain!
Normal Goods: Goods whose demand increases when income increases. For eg, Branded clothes, smartphones. As your income rises, you tend to buy more branded clothes. Inferior Goods:Goods whose demand decreases when income increases. For eg,…
Theories of Demand in Microeconomics
Theories of Demand in Microeconomics In microeconomics, the theories of demand explain how consumers decide what and how much of a good or service to buy, given their income and the prices of goods. Here…
NRB Assistant Director International Law Officer Third Syllabus
NRB Assistant Director International Law Officer Third Syllabus Updated Date: 2080/05/18 Type: Open competition Level: Officer Third Designation: Assistant Director Service: Administration Notes NRB Assistant Director Admin Officer Third Syllabus Economic Theories: Role and Assumptions Inductive and Deductive Methods in…
NRB Assistant Director Commercial Law Officer Third Open Syllabus
NRB Assistant Director Commercial Law Officer Third Open Syllabus. This is the updated syllabus, revised in 2080/05/18. Updated Date: 2080/05/18 Type: Open competition Level: Officer Third Designation: Assistant Director Service: Administration Notes NRB Assistant Director Admin Officer Third Syllabus Economic…
NRB Assistant Director Accounts/Audit Officer Third Syllabus For Open Competition
Here is the updated syllabus (As of FY 2082/83) for the position of Assistant Director, Accounts/Audit Officer Third. This is a revised version of the syllabus for all the papers. Updated Date: 2080/05/18 Type: Open competition Level: Officer…
NRB Assistant Director Admin Officer Third Syllabus
Paper I: Economics Section (A): 50 Marks 1. Microeconomics (20 Marks) 1.1 Methodology:Inductive and deductive methods; Economic theories – role and assumptions; Importance and uses of micro-economics. 1.2 Theories of Demand:Indifference Curve analysis; Income, substitution…
Lancasterian Theory of Consumer Demand
It was developed by Kelvin Lancaster in 1966 It is also called the attribute approach of demand analysis According to Lancaster, consumers get utility not from the product itself but from the attributes/characteristics of the…