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Financial Markets: How Savings Accounts Gain Interest
For most people, the first bank account they will have will likely be a savings account. This traditional account pays...
What is Opportunity Cost?
Opportunity cost sounds like a dry topic, but it is a concept that can be applied to many aspects of...
Finances at Work: The Time Value of Money
Finances at Work: The Time Value of Money Whenever we are looking to understand the true value of money, it...
Relation between Inflation and Interest Rates (graph)
A number of people and students wonder about the relationship between inflation rate movements and the quarterly interest rate (nominal...
How is Inflation Rate Determined by a Country?
This question was recently posted. how inflation rate of any country is determined? i mean which yardstick is used to...
Microeconomics Profit Maximization: Shutdown Point
Determining the Shutdown Point of a Firm This continues a previous post on profit maximization. The question we want to...
Microeconomics Cost Formulas
Here is a list of some of basic microeconomics formulas pertaining to revenues and costs of a firm. Remember when...
Trade Offs and Indifference Curves
Before we talk about choices, preferences, trade-offs and indifference curves, we should briefly look over some key terms. We assume...