by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Traveler’s Dilemma?In game theory, the travelers dilemma is a non-zero-sum game (a game where ones gain doesn’t lead to another’s loss like a win-win situation or a loss-loss situation) in which the participants are looking to maximize...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Economic Cycle?The economic cycle refers to the period when the economy fluctuates between expansion and contraction stages. One can refer to expansion as growth period, and contraction as recession period. Economists evaluate the present economic cycle by...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the World Economic Forum?The World Economic Forum is an organization that conducts yearly meetings for discussing serious issues involving political, social, economical, and environmental areas associated with the world. Its headquarters are located in Geneva,...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Capital Account?A capital account is an account that gives a summary of the transactions executed by a country with other entities and countries, it reflects the capital expenditure and income of the country. A capital account is often used in macroeconomics...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is the Short Run?The short run is a term often used in economics, it describes a future period during which one input is fixed while others are variable. The variation in the inputs is owing to the fact that the time available is not enough for all inputs to be...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is a Reserve Currency?Many central banks of countries in the world hold large quantities of reserve currency. A reserve currency refers to a strong currency, often a foreign currency used for international trade and to settle international debts and obligations....
