Cost-Push Inflation

A fall or left shift in Aggregate Supply is the cause of Cost-Push Inflation. This shift can occur from an increase in the cost of production or decrease in the volume of production. An increase in the Aggregate Demand curve causes Demand-Pull inflation. An interaction of cost-push inflation and demand-pull inflation results in the Wage Price…
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Demand Side Policies

Demand Side Policies are attempts to increase or decrease aggregate demand to affect output, employment, and inflation. Demand Side Policies can be classified into fiscal policy and monetary policy. In general, demand-side policies aim to change the aggregate demand in the economy. Aggregate Demand is made up of Consumer Spending + Government…
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Theory of Production: Cost Theory

In the Cost Theory, there are two types of costs associated with production - Fixed Costs and Variable Costs. In the short-run, at least one factor of production is fixed, so firms face both fixed and variable costs. The shape of the cost curves in the short run reflect the law of diminishing returns.Cost Theory - Types of CostsA.…
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Perfect Competition Short Run

Perfect Competition or Pure Competition (PC) is a type of market structure, which doesn't actually exist and is considered to be theoretical. We will look at Perfect Competition Short Run and then in the next post, the Perfect Competition in the long run.Characteristics of Perfect Competition1. Number of Firms There are very many small…
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Top 100 Economics Blogs of 2017

After a successful reception last year of the inaugural Top Economics Blogs, I am updating the list for 2017. The Top 100 Economics Blogs of 2017 has some changes like the addition of new blogs and less emphasis on mainstream blogs. As with 2016, I've tried to include blogs of all topics, political affiliations, and beliefs. I have tried to…
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