General Equilibrium Theory

What is the ‘General Equilibrium Theory’ General equilibrium theory, or Walrasian general equilibrium, attempts to explain the functioning of the macroeconomy as a whole, rather than as collections of individual Read More …

Economics Solved MCQs for UGC NET Commerce and Management

1. For downward movement along the iso-quant, MRTS of Labour per unit of capital (MRTSL,K) is given by (A) – dK/dL (B) dK/dL (C) dL/dK (D) – dL/dK Answer: (A) 2. Read More …

Macro-Economics Notes

MODULE PARTICULARS PAGE NO. I Why study Economics 5 II Micro Economics and Macro Economics 19 III Classical Macro Economic Model 32   IV Keynesian Macro Economic Model   70 Read More …