Study Materials
Here you find all the study materials uploaded in Enotes World.
Types of Demand
The willingness to buy a commodity or a service for which necessary resources are available is known as demand. Both ...
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The Achievements of Development Planning in SAARC Countries
Learning ObjectiveTo discuss the achievements of development planning in SAARC Countries SAARC Countries have experienced several changes and improvements because ...
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Constraints or Challenges of Development Planning in SAARC Countries
Introduction South Asian countries are competitive but, in many respects, they are complementary to each other also. All the member ...
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Plan Priorities in SAARC Countries
Concept and Introduction of SAARC After 1945, the trend of the establishment of various regional cooperation organizations like the European ...
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Concept of Duality in Consumer Theory
Meaning of Duality The term duality is habitually used to denote a dissimilarity between two correlated concepts, such as duel ...
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Income and Substitution Effects of a Price Change
In our situation of good X, good Y, and money income M; if money income and the price of good ...
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Income Consumption and Engel Curve
Learning Objective To explain the derivation of income consumption and Engel curve for a normal and inferior good This issue ...
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Change in Prices and Derivation of Demand Curve
Introduction In the analysis of consumer’s equilibrium, price and income are an exogenous variable, and change in the values of ...
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Comparative Statics of Consumer Behavior
Introduction The theory of consumer behavior and demand is grounded on the assumption that consumers try to allot limited money ...
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Consumer’s Equilibrium with Indifference Curve Approach
Introduction A consumer attains his/her equilibrium when he/she maximizes his/her total utility, given his/her income and prices of the two ...
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The Consumption Decision
Learning Objective To explain the technique and solution of the consumption decision problem Once the consumer identifies his or her ...
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Preference Ordering
Background and Concept of Preference Ordering Learning Objective To explain the concept of preference ordering and axioms of preference ordering ...
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Cardinal Utility Versus Ordinal Utility
Learning Objective To explain the similarities and differences between cardinal and ordinal utility analysis (cardinal utility versus ordinal utility) Ordinal ...
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Application and Uses of Indifference Curve
Besides the analysis of consumer behavior and consumer demand, the technique of the indifference curve can be used in the ...
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Price Effect and Derivation of Demand Curve
Learning Objective To explain the derivation of the demand curve with help of price consumption curve (Price effect and derivation ...
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Decomposition of Price Effect into Substitution and Income Effects
Different factors directly affect the consumer’s equilibrium condition, including change in the price of one good, the price of other ...
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MA in Economics, Tribhuvan University
MA in Economics, Tribhuvan University is a semester base two-year program consisting of four semesters. The student will have to ...
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Income Effect and Derivation of the Engel Curve
Introduction of Engel Curve The income effect shows the total effect on the demand for goods due to the change ...
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Income Effect and Income Consumption Curve
The income of the consumer is also one of the major factors affecting the consumer’s equilibrium or objective of utility ...
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Price Effect and Price Consumption Curve
Consumer’s equilibrium is derived under ordinal utility analysis with the assumption of constant money income and prices of the goods ...
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