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LATEST ARTICLES ( 52 )

• Basic Principles of Economics - Marginal Utility

  

  The concept of marginal utility is one of the most fundamental principles of economics. It describes the additional satisfaction an individual gets from... Read more

  Posted on 15 February 2015 BUSINESS

• Macroeconomics - GDP and Welfare

  Gross Domestic Product (GDP) is essentially an indicator of aggregate economic activity. In addition to that it is also frequently used to describe social... Read more

  Posted on 28 January 2015 BUSINESS

• Macroeconomics - Gross Domestic Product (GDP)

  The Gross Domestic Product, also known as GDP, is arguably the most common indicator to describe a country's economic performance. Read more

  Posted on 15 January 2015 BUSINESS

• Infographic - Money: Facts and Figures

  

  We all know what money is, right? We all use it, we go to work every day to earn it, we pay our bills with it. It's a part of everyday life. However, most peopl... Read more

  Posted on 30 December 2014 BUSINESS

• Macroeconomics - Deflation

  Deflation is often considered a highly unfavorable phenomenon. Although the idea of falling prices may seem appealing (at least from a consumer perspective),... Read more

  Posted on 13 December 2014 BUSINESS

• Microeconomics - Zero Profit Equilibrium

  In the long run equilibrium, firms in competitive markets make zero profit. This may seem odd, considering all the effort and time that has to be put into... Read more

  Posted on 30 November 2014 BUSINESS

• Microeconomics - Competitive Markets

  Firm behavior in competitive markets is probably one of the most fundamental subjects in economics. That is mainly due to the fact that most markets we encounte... Read more

  Posted on 17 November 2014 BUSINESS

• Microeconomics - Profit Maximization

  

  In economics it is often assumed that companies try to maximize profit. That is, they try to maximize revenue while at the same time minimizing costs. In order... Read more

  Posted on 08 November 2014 BUSINESS

• Microeconomics - Monopoly

  

  A Monopoly is a market situation where a single firm (or individual) is the sole producer and seller of a product or service in an entire market. It is... Read more

  Posted on 29 October 2014 BUSINESS

• Basic Principles of Economics - Money

  For many people, money is equal to bills and coins. However, even though this is not wrong, it is only one part of the equation. Read more

  Posted on 21 October 2014 BUSINESS

• Microeconomics - Externalities

  

  Externalities are often defined as the positive or negative consequences of economic activities on unrelated third parties. Since the causers are not directly... Read more

  Posted on 15 October 2014 BUSINESS

• Microeconomics - Supply and Demand

  

  The principle of supply and demand is one of the most important concepts in microeconomics. It helps us understand how and why transactions on markets take plac... Read more

  Posted on 11 October 2014 BUSINESS

• Macroeconomics - Economic Growth

  The Principle of economic growth has become quite controversial in recent years. While many economists perceived the necessity of growth almost as a dogma,... Read more

  Posted on 08 October 2014 BUSINESS

• Basic Principles of Economics - The Importance of Models

  Models are a very important tool when it comes to understanding economic principles. Yet they are often subject to criticism, mostly because many of them are... Read more

  Posted on 07 October 2014 BUSINESS

• Basic Principles of Economics - Macroeconomics Vs. Microeconomics

  The study of economics can roughly be divided into two branches: Macro- and Microeconomics. For the sake of completeness, there are certain other branches as... Read more

  Posted on 06 October 2014 BUSINESS

• Basic Principles of Economics - A Brief Introduction

  Economics can be defined as the study of the production and distribution of goods and services within a society. However this is a very broad definition that ma... Read more

  Posted on 05 October 2014 BUSINESS

• Dictionary - Accounting Profit

  DefinitionA company's total revenue minus its total explicit costs.ExampleAssume a carpenter produces 1'000 chairs, which he then sells at a price of $100... Read more

  Posted on 30 September 2014 BUSINESS

• Dictionary - Adverse Selection

  DefinitionA situation where asymmetric information (between buyers and sellers) causes unwanted results, because the unobserved attributes lead to an undesirabl... Read more

  Posted on 30 September 2014 BUSINESS

• Dictionary - Business Cycle

  DefinitionOften irregular and mostly unpredictable fluctuations (i.e. expansions or recessions) in economic activity experienced in an economy over a certain... Read more

  Posted on 29 September 2014 BUSINESS

• Dictionary - Positive Consumption Externality

  DefinitionThe positive effects on unrelated third parties that originate during the consumption of a good or service.ExampleA possible example could be your... Read more

  Posted on 29 September 2014 BUSINESS