Engineering economy 2 min read
Types of price elasticity
Different products react differently to the price change. A price change for a essential product such as rice has little…
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Engineering economy 4 min read
PRICE ELASTICITY OF DEMAND
We have discussed in previous chapters that when the price of a good falls, its quantity demanded rises and when…
Engineering economy 3 min read
LAW OF DEMAND
Law of demand establishes a relationship between the price and the quantity demanded of a commodity. Other things remaining the…
Engineering economy 4 min read
Meaning of Demand
The demand for any commodity, at a given price, is the quantity of it which will be bought per unit,…
Engineering economy 2 min read
Future worth comparisons
When each of the cash flows of projects is expressed in terms of future time by the help of discounting…
Engineering economy 4 min read
Present worth comparisons
Comparisons of assets or investment projects are necessary in order to select the best among the alternatives, i.e., to accept…
Engineering economy 2 min read
Cash Flow Diagrams
Cash flow diagrams are graphical representation of cash flows (inflows and out flows) along a time line. Individual inflows or…
Political economics 2 min read
What is ‘Political Risk’
Political risk is the risk an investment’s returns could suffer as a result of political changes or instability in a…
Engineering economy 2 min read
Defining Time Value of Money
It is a mechanics which involve the compound interest factors to express cash flows (payments) occurring at different times to…
Political economics 5 min read
International Political Economy
International political economy studies problems that arise from or are affected by the interaction of international politics, international economics, and…
Engineering economy 2 min read
Spreadsheets for economic analysis
In economic analysis spreadsheets may be helpful for a number of purposes: · Constructing tables of cash flows · Using annuity functions…
Engineering economy 2 min read
Nominal and Effective Interest
An interest rate takes two forms: nominal interest rate and effective interest rate. The nominal interest rate does not take…
