UrbanPro
true

Learn MBA Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Is Economics Only Dy/Dx Or A Difference Equation Or Something More That Require In Depth Anaysis?

Velmurugan K S
23/01/2018 0 0

Basic Econmics Thinking: II

Economics underwent dramatic changes in 1920's & 1930's. Economics became more analytical & quantitative with the advent of Micro & Macroeconomics, with well developed theoretical constructs. Be it perfect competition or isoquants analysis or production functions from simple two variables to multiple variables involving the introduction of day/dx, dy2/dx2, partial variables of 1st order to 4th order and so on. With multi-variables linear as in linear programming, non linear programming, simplex method, to multivariate analyses, advanced techniques like CPM or queuing theory as well as sociometric techniques like sensitivity to simulation techniques, applied to human individual or group behaviour, which is interpersonal as well as intrapersonal behaviour, which requires individual dovetailed standard techniques collection of data, repeat observation, and deep reflection after participant observation approach .In Economics, there is no blind rule of thumb approach or established theory. Each observed unit in Applied Economics needs strong datum support to revise or support a new idea or theory. Economics variables are behavioral & therefore the challenge for any serious economic practitioner, be it a firm, industry or even a government of a country.

0 Dislike
Follow 2

Please Enter a comment

Submit

Other Lessons for You

Project Finance
Project Finance is one of the key focus areas in today’s world because of continuous growth and expansion of the industries at a rapid rate. Project finance is a centuries-old form of financing high-risk,...
R

A short concept of Stock Turnover Ratio in Accountancy:--
Inventory turnover is a ratio showing how many times a company's inventory is sold and replaced over a period of time.The formula is given below:-- Stock Turnover= If a company has a high ratio (anywhere...
K

Learn and Teach one other person
If you want to be 100 % sure of your knowledge in one particular topic. Think and prepare a lecture of it in your mind. Think of questions that the other person can ask. This way you will be able to think...

Managerial Economics: Investments under Certainty
Capital Budgeting is the process by which the firm decides which long-term investments to make. Capital Budgeting projects, i.e., potential long-term investments, are expected to generate cash flows over...
K

Industrial Relations
Absence of Industrial Relations(IR) leads to –Industrial Conflicts and Disputes –Continuation of unfair practices –Difficulty in maintaining and retaining Labor –Difficulty...
M

M Grace ..

0 0
0
X

Looking for MBA Tuition Classes?

The best tutors for MBA Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Learn MBA Tuition with the Best Tutors

The best Tutors for MBA Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more