by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Resource Curse?The resource curse is a situation where a country that enjoys an abundance of natural resources (non-renewable natural resources such as fossil fuels) has little or no economic growth and is economically unstable. This situation connotes a...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Quantity Theory of Money?The quantity theory of money, sometimes called “The Fisherian Theory” simply states that a change in price can be related to a change in the money supply. In simple terms, it states that the quantity of money available...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Queuing Theory?Queuing theory which is also spelled as “Queueing Theory” is simply defined as the mathematical study of the crowdedness and delays associated with waiting in lines. It looks at every step of waiting in line in order to be served and...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Recursive Competitive Equilibrium (RCE)?The recursive competitive equilibrium (RCE) is said to be an equilibrium concept. An equilibrium concept in the sense that, when external economic influences are absent, and economic forces like supply and demand are...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Repeat-Sales Method?Repeat sales method calculates price change of a specific real estate over a different time frame. The repeat sales method is used to provide information about housing price indexes to investors, home buyers and sellers and the housing...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Fisher Effect?The Fisher effect, also known as the Fisher Hypothesis, is an economic theory which was proposed by an economist named Irving Fisher. The theory states that the real interest rate is independent of monetary measures, specifically the nominal...
