Economic Theory

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Normative Economic theories

Normative Economic theories

October 15, 2016

How is economics used? What is an economic theory? What is a market? Economic analysis serves two main purposes. The first is to understand…

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Standard Economic theory

Standard Economic theory

September 17, 2016

The module aims to develop students knowledge and understanding of economic decision making by emphasising how psychological and experimental…

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Neoclassical Economic growth theory

Neoclassical Economic growth theory

September 13, 2016

A: The neoclassical growth theory builds five major variables into its time-sensitive production formula. The first is total output…

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General Economic theory

General Economic theory

August 16, 2016

Was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited…

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Economic theory and the Construction Industry

Economic theory and the Construction Industry

July 15, 2016

This is my 25th year at the helm of the journal, Construction Management and Economics. I have enjoyed being at the centre of this…

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Pricing theories in Economics

Pricing theories in Economics

July 3, 2016

Price refers to the value of a commodity and services expressed in terms of money. Now we are fixing price for any kind of goods and…

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Modern theory of Economics

Modern theory of Economics

June 5, 2016

Correction: An earlier version of this article included an incorrect anecdote regarding a Modern Monetary Theory meeting. This version…

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New Economic growth theory

New Economic growth theory

June 1, 2016

A central proposition of New Growth theory is that, unlike land and capital, knowledge is not subject to diminishing returns. The importance…

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Price theory Economics definition

Price theory Economics definition

May 16, 2016

This chapter consists of three parts. The first describes and defends some of the fundamental assumptions and definitions used in economics…

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Keynesian Economics theory definition

Keynesian Economics theory definition

May 8, 2016

An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed by the…

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Trickle Down Economics theory

Trickle Down Economics theory

May 4, 2016

In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other…

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Dependency theory Economics

Dependency theory Economics

April 26, 2016

Dependency theory became popular in the 1960’s as a response to research by Raul Prebisch . Prebisch found that increases in the wealth…

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Economic deprivation theory

Economic deprivation theory

April 22, 2016

The link between economic conditions and crime has been explored directly or indirectly by a range of theories, including conflict…

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Economic theory of crime

Economic theory of crime

February 14, 2016

There is no widely accepted definition of economic crime, and it is impossible to enumerate briefly the various definitions, theories…

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Economic buyer theory

Economic buyer theory

February 6, 2016

As the discipline of consumer behavior has developed, various theories have contributed to understanding behavior. These include economic…

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