Latest News
Where Do Banks Get Their Money? Fractional Reserve Banking
Do Banks Create New Money out of Thin Air? **Re-posted after the events of the credit crunch and 700 bailout...
Shapes of Indifference Curves
The shapes of indifference curves are smooth with unique tangent at any bundle we have well define marginal rate of...
News Flash – Canadians Don’t Use RRSP Room
Canadians are expected to contribute a record $38.6 billion towards their RRSPs in 2014 but this number is minuscule compared...
Intro to Demand Theory – How to Manage Constraints
Welcome to the next section following a discussion on utility and indifference curves (preferences of consumers). We are now into...
Cobb Douglas Function – Demand Theory
In the past installments from DiscussEconomics on demand theory, now we’re venturing into the graphical and mathematical expressions of the...
Demand Theory – Consumer Choice Problem
Normal, Inferior, Neutral, Luxury, Necessary Goods There are three fundamental questions about a consumer’s consumption response: 1. How will demand...
Introduction to Macroeconomics – Some key terms
Economics: The Study of how society deals with scarcity. Here is a brief article on the introductory components of any...
Government Buying It’s Own Bonds?
Not that they can’t, but why would it be bad policy to raise government revenues by issuing bonds that are...