by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Capital Control?Capital control refers to a set of measures and procedures taken by the government, Federal Reserve, Central Bank, or other bodies to control the inflow and outflow of foreign capital in an economy. Any regulatory measure targeted at limiting...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Price Sensitivity?Price sensitivity is a concept in consumer behavior theory that reflects how changes in the prices of products affect the demand of consumers for the product. Price Sensitivity reflects the value consumers place on price and when a change...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Microeconomic Pricing Model?A microeconomic pricing model refers to a model of setting prices for goods and services in an economy or a particular market. This pricing model places importance on the balance of supply and demand in the market, it is with...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Mathematical Economics?Mathematical economics refers to the application of mathematical principles in developing theories and evaluate problems relating to economics. Mathematical economics can also be defined as an integration of mathematical methods and...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is Search Theory?Search theory in microeconomics is the study of transactional frictions where buyers or sellers cannot instantly find a matching partner within the required time frame. The situation, therefore, requires them to search for a partner before...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the New Growth Theory?In economics, new growth theory is a theory that economists use to try and explain the long-run economic growth process, through an endogenous force like knowledge spillover, human capital, and information technology. The theory asserts...
