Mechanics of Structures 1 min read
Circular Section
Let the diameter of the solid circular section be d.
THE LATEST THINKING
Every story.
Browse our articles in publication order, with new stories added automatically.
Advanced Concepts 2 min read
Building Demand
The Foundations of Demand Curves Changes in the price of a good cause the budget constraint to shift, and new…
Advanced Concepts 4 min read
Understanding Consumer Theory
If we think about the indifference curves in a slightly different way, we see that MRS describes marginal benefit. Since…
Advanced Concepts 3 min read
Tariffs
A tariff is defined as a tax on imported goods. The easiest way to show how it works is with…
Advanced Concepts 2 min read
Quantity Controls
We looked at an example of the government regulating prices, and concluded that a deviation from the equilibrium quantity is…
Advanced Concepts 2 min read
Calculating Market Surplus
To find out the impact of government’s price ceiling, we must calculate market surplus before, and after a policy. This…
Advanced Concepts 2 min read
Relative Elasticity
Perfectly Elastic and Perfectly Inelastic To begin the conversation about relative elasticity, it helps to first look at the extremes.…
Advanced Concepts 2 min read
Elasticity and Revenue
Elasticities can be divided into three broad categories: elastic, inelastic, and unitary. An elastic demand is one in which the elasticity is…
Advanced Concepts 2 min read
Quantity Controls
We looked at an example of the government regulating prices, and concluded that a deviation from the equilibrium quantity is…
Advanced Concepts 5 min read
The Consumer and the Market
The consumer, so it is said, is the king. . . each is a voter who uses his money as…
Advanced Concepts 4 min read
The Consumer
Consumer : A person who is capable of choosing a president but incapable of choosing a bicycle without help from…
Featured 2 min read
National Engineering Policy Centre highlights areas for investment
The National Engineering Policy Centre has recommended six areas of investment to be prioritised ahead of the government’s 2021 Spending…
