In this post we will discuss what is project appraisal, importance and aspects of project appraisal with examples. What is Project Appraisal Definition Project appraisal is the systematic evaluation of
Rostow stages of economic development are 5 stages through which every must pass through to become developed. These stages are given by an American Economic historian Walter W. Rostow in
Measurement of National Income In the post National Income and Its various Concepts, we define national income as National Income is the sum of income earned by all factors like land,
In this post we will discuss the basic introduction to public finance including the concepts of budget, various types of budgets, sources of public revenue, types of public expenditure. Moreover,
LQ 1: Define Macroeconomics. Discuss its scope, importance and limitations. Macroeconomics Macroeconomics deals with the behavior and performance of the economy as a whole. It studies aggregate economic activities such
GDP has four types of expenditure such as consumption, investment, government expenditure and net exports. We call this expenditure as components of GDP. Each unit of money spend in the
In the previous lecture we discuss the types and nature of economic data used in any empirical economic analysis. To read click on Types of Economic Data. We also discuss the
What is Foreign Aid Foreign aid is the transfer of resources from one country (usually a developed country) to another (usually a developing or underdeveloped country) to support economic needs
Types of Economic Data Data is central to any empirical analysis. An empirical analysis uses data to test a hypothesis or theory or to estimate a relationship. The first step
What is National Income (NI) National Income (NI) is the sum of income earned by all factors like land, labor, capital and entrepreneur in form of rent, wages, interest and
What is National Income? Before defining national income, it is necessary to define income. Any benefit either in form of money or other that is received against a service is
Economics studies how individuals, businesses and government make choices in face of scarcity. Microeconomics focuses on small-scale economic activity, whereas macroeconomics examines the entire economy. In this post, we’ll look
Countries are often classified by levels of income and human development. They are also grouped by levels of poverty, quality of governance, and many other dimensions. The most common way
Introduction Welcome to the fascinating world of econometrics! Studying econometrics bridges the gap between being a student of economics and becoming a practicing economist. It equips you with essential tools
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