Welcome to the next section following a discussion on utility and indifference curves (preferences of consumers). We are now into a discussion on demand theory;
In the past installments from DiscussEconomics on demand theory, now we’re venturing into the graphical and mathematical expressions of the Cobb Douglas demand function. Graphically
Normal, Inferior, Neutral, Luxury, Necessary Goods There are three fundamental questions about a consumer’s consumption response: 1. How will demand change for a good i
Economics: The Study of how society deals with scarcity. Here is a brief article on the introductory components of any economy with a macroeconomic slant.
Not that they can’t, but why would it be bad policy to raise government revenues by issuing bonds that are then sold to the monetary
A 25 page paper from Paul Krugman (draft of his lecture for the Picciotto Prize): What Have We Learned From The  Crisis? Paul Krugman September