What are the Fed’s new monetary policy tools?
Today we’re going to talk about a really important topic: what are the main tools that the Federal Reserve uses to influence the economy and… Read More »What are the Fed’s new monetary policy tools?
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How government intervention is needed for social benefit?
Today, we’re diving into the fascinating world of economics to discuss a crucial concept that often goes unnoticed but has a profound impact on our… Read More »How government intervention is needed for social benefit?
The rice export ban by India will have a major impact on the World
Devastating monsoons, on which Indian agriculture relies heavily, are the main reason affecting this price surge.
The unpredictable weather has wreaked havoc on rice production in India, creating concerns about food supplies in India and beyond.
And that’s why the Indian government had to make some tough decisions.
The economics behind overbooking done by the Airlines
Picture this: you’ve arrived at the airport, excited about your upcoming trip, only to hear those dreaded words at the gate, “We regret to inform… Read More »The economics behind overbooking done by the Airlines
Understanding Credit Scores
A credit score is a three-digit number that represents your creditworthiness, that is, how likely you are to repay a debt. Credit scores range from… Read More »Understanding Credit Scores
The jobs market in the US is still going strong
Two days ago, President Joe Biden proudly posted that the unemployment rate in the US was 3.5% in July. This matched the lowest rate in… Read More »The jobs market in the US is still going strong
What does a vaccine, a park and a factory have in common?
These are all examples of externalities. Sorry, if this sounds too complicated at the beginning, it will all make sense as you read along. Externalities… Read More »What does a vaccine, a park and a factory have in common?
What role do models and graphs play in economics?
Our economies are complex, but by making some simple assumptions, we can focus on what is most relevant in explaining something. For this reason, economists… Read More »What role do models and graphs play in economics?
How price of anything is set?
The answer to this complex question is simpler than you might think. Do you think a business can charge whatever price it wants, to get… Read More »How price of anything is set?
We hear this word so much in news, but what exactly is an economy?
Has it ever happened to you while listening to the news that there is some big scary vague thing called the economy that’s just out… Read More »We hear this word so much in news, but what exactly is an economy?
