Meaning of Technology: By technology, we mean “the body of scientific and technical knowledge which is used to improve production process”. In other...
Archive - April 2020
Prerequisites mean those pre-conditions and factors which should be available for economic growth and development. After a deep study of economic growth and...
How to Overcome of Low Per Acre Yield/ Solution to Agriculture Sector Problems Per acre yields in LDCs is very low as compare to developed countries in the...
The remedial measures mean removing the obstacles or barriers to economic development. Removing these barriers is a difficult task for economic planners. The...
Anything that adversely affects the process of economic development may be considered a barrier or obstacle. It is an analysis that these obstacles are...
Basically, there are two main divisions of statistics called theoretical statistics and applied statistics. Theoretical Statistics: Theoretical statistics...
“Point of satiety is an ideal point of consumption.” Point of satiety in consumption is the point where a consumer maximizes his level of...
Alfred Marshall’s Definition of Economics (The Neo-classical view) “Economics is the Science of Material welfare” The neo-classical school...
Vicious Circle of Poverty (V.C.P.): LDCs are trapped in set of inter-related problems or a set of such circles perpetuating themselves by what Nurkse would...
In recent literature economically less developed or underdeveloped countries are politely known as “developing countries” as contrasted with the...
“Economics is the science of wealth” The founder of the Modern Economics and Classical School of Thought, Scottish Economist Prof. Adam Smith has...
ORIGIN OF THE WORD “ECONOMICS” The word ‘Economics’ is derived from a Greek word “Oikonomos”, where Oikos mean Household and nomos mean...
M.A./M.Sc. Economics: Papers and Thesis In M.A./M.Sc. part I, all papers are compulsory and will be offered in Year one of the program. In M.A./M.Sc. part II...
Literally interpreted, Econometrics means “economic measurement.” Econometrics is the integration of economic theory, mathematics, and statistical techniques...
Advanced Mathematical Economics (Paper 5.1) MA./M.Sc. Economics Part-II The aim of this course is to equip students with advance mathematical tools that are...