By Kritika Chakrabarti, Junior Editor. The outbreak and exponential growth of the novel coronavirus or covid-19 has not only compelled us to limit ourselves to the confinements of our respective homes but also kindled an urgent need for more and more information on this new and unknown monster engulfing more of us everyday. While most [...]
Source: http://www.eaere-conferences.org/index.php?p=164 Dr. E. Somanathan is an Environmental economist. He is a professor at the Economics and Planning Unit, ISI Delhi, and the Program Director at CECFEE, ISI Delhi (click here to learn more). To read Professor's research, click here.This interview has been published as a part of the Educational Initiative by the Editorial Team. [...]
Professor Saptarshi Mukherjee is an associate professor at IIT Delhi. He works on mechanism design, social choice, game theory, bounded rationality and teaches microeconomics, game theory and mathematical economics.He received his PhD and graduated from ISI, Delhi Centre and was a post-doc fellow at the Universitat Autònoma de Barcelona, 2011-2013.For more details on this series, [...]
By Naina Khurana, Chief Editor. As articulated by the Prime Minister, Shri Narendra Modi, India aims to grow into a USD 5 trillion economy by 2024-25, thus making India the third-largest economy in the world. Given 4% inflation, as MPC specified by the Government for the RBI , this requires real annual growth rate in [...]
Now, when someone from a relatively inferior group tries to marry into a so-called superior group, it supposedly ‘hurts’ the latter’s ego, and their fraudulent honor. And to relieve themselves of the lifelong disdain from other members of the society, the parents decide to kill their own blood and the lover.
Losses hurt more than gains feel good.
Guest article by Sayyam Luhadiya, Shaheed Bhagat Singh College. Clash of clans owned by Supercell (now Tencent) generated a $2.3 Billion revenue in 2015. Nintendo yielded $268 Million from Pokemon Go within a month of its launch. Candy Crush Saga made a revenue of $250 Million for the quarter ending September 2017.And here we are, [...]
Ever wondered why classical economists assume all people to be rational? Ever wondered if there was more to economics than the classical school of thought?