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- 11:46, 16 March 2025 Solow Growth Model (hist | edit) [3,402 bytes] Parijat (talk | contribs) (Created page with "The '''Solow-Swan Growth Model''', developed by '''Robert Solow and Trevor Swan''' in the 1950s, is a '''neoclassical model''' that explains long-term '''economic growth''' through '''capital accumulation, labor growth, and technological progress'''. ---- === '''1. Core Equation & Variables''' === The Solow model describes output (GDP) as a function of capital and labor: Y=F(K,L,A) where: * Y = Output (GDP) * K = Capital stock (factories, machines, infrastructure) *...") Tag: Visual edit
- 10:39, 16 March 2025 Greg Mankiw (hist | edit) [1,136 bytes] Parijat (talk | contribs) (Created page with "'''Gregory Mankiw''', was a leading New Keynesian Economics, and contributed primarily through his work on '''menu costs''' and '''sticky prices''': # '''Menu Cost Theory''' #* Mankiw’s research showed that even '''small costs''' of changing prices (like reprinting menus) can lead to '''price stickiness''', which disrupts market equilibrium and slows economic recovery. #* This helps explain why firms '''do not continuously adjust prices''' in response to demand ch...") Tag: Visual edit
- 10:32, 16 March 2025 New Keynesian Economics (hist | edit) [1,838 bytes] Parijat (talk | contribs) (Created page with "New Keynesian economics emerged in the 1980s as a response to both classical and New Classical economics, incorporating microeconomic foundations into Keynesian macroeconomics. It addresses market imperfections and explains why economies do not always self-correct quickly, justifying government intervention in some cases. === '''Key Principles of New Keynesian Economics''' === # '''Price and Wage Stickiness''' #* Unlike classical models where prices adjust instantly, N...") Tag: Visual edit: Switched
- 10:23, 16 March 2025 Neoclassical Economics (hist | edit) [4,455 bytes] Parijat (talk | contribs) (Created page with "==== '''Origins & Key Thinkers''' ==== Neoclassical economics emerged in the late 19th century, building on classical economics while introducing '''marginal analysis''' and mathematical rigor. Key figures include '''William Stanley Jevons, Carl Menger, and Léon Walras''', who independently developed the '''marginal utility theory'''—the idea that value is determined by individual preferences and diminishing additional satisfaction (marginal utility) from consuming mo...") Tag: Visual edit
- 10:22, 16 March 2025 Major schools of economics (hist | edit) [2,914 bytes] Parijat (talk | contribs) (Created page with "Economics has several major schools of thought, each with distinct perspectives on markets, government intervention, and economic behavior. Here are the most influential ones: # '''Classical Economics (Adam Smith, David Ricardo, John Stuart Mill)''' – Advocates for free markets, limited government, and the idea that supply creates its own demand (Say's Law). # '''Marxist Economics (Karl Marx, Friedrich Engels)''' – Focuses on class struggle, critiques capitalism, an...") Tag: Visual edit
- 01:29, 16 March 2025 Levers of RBI Monetary Policy (hist | edit) [8,071 bytes] Parijat (talk | contribs) (Created page with " RBI influences the economy through several monetary policy tools. Each tool has a distinct role in controlling liquidity, interest rates, and credit in the financial system: * '''Repo Rate''': The ''repo (repurchase) rate'' is the RBI’s main policy interest rate – the rate at which commercial banks borrow funds from the RBI against government securities as collateral. Changes in the repo rate signal the stance of policy. Lowering the repo makes bank credit cheap...") Tag: Visual edit
- 01:20, 16 March 2025 Liquidity Adjustment Facility (hist | edit) [1,170 bytes] Parijat (talk | contribs) (Created page with "The '''Liquidity Adjustment Facility (LAF)''' is a tool used by the '''Reserve Bank of India (RBI)''' to regulate short-term liquidity in the banking system and manage interest rates. It consists of two key instruments: # '''Repo Rate (Repurchase Agreement)''' – Banks borrow money from the RBI by pledging government securities and agreeing to repurchase them later. The '''repo rate''' is the interest rate at which this borrowing happens. An increase in the repo rate m...") Tag: Visual edit