I have blogged on this topic before and although not in the NCEA or CIE syllabus’ I find it useful theory to mention when doing supply, demand and elasticity. Agricultural markets are particularly vulnerable to price fluctuations. many agricultural products…
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Most economics textbooks that explain the credit multiplier assume that banks automatically expand the credit money supply to a multiple of their aggregate reserves. In the example below the reserve ratio is 25% so credit creation multiplier equals 4 (that…
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The fall in oil prices – $77 / barrel 18th Nov – accompanied by the Israel-Hamas war has led the OPEC+ countries to consider extending their oil production cuts. At present Saudi Arabia produces approximately 9mn b/d compared to a…
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The film features Mammootty and Jyothika. The story chooses idealism over realism, and that’s perhaps the way God would have wanted it. The first time we see Omana (Jyothika) is in church. Salu K Thomas’s camera sweeps around the room, starting with God and stopping at Omana. It’s perhaps a fitting equation, for she, too, […]
By T Bhuvanesh Ram Irugapatru (“Hold tight”), the recent Tamil movie, has been making waves ever since its release, or shall we say, its unique promotion. The film revolves around three couples who are put to test when faced with a crisis in their marital lives. While Rangesh despises his wife, Pavithra for not being […]
By Madan Mohan Back in the 90s, chewing gum manufacturers pushed their products on us unsuspecting schoolkids by offering cricket cards and WWE cards with the chewing gum purchase. I won’t go into the details, but these were basically card games based on the points a player had (derived in turn from his batting or […]
The Bank of Japan (Japan’s central bank) and the Japanese government seem to be moving in opposite directions with regard to monetary and fiscal policy. On the one hand you have the Bank of Japan exiting its long-running experiment with…
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The film stars Rakshit Shetty, Rukmini Vasanth, Chaithra Achar, JP Tuminad. It is as beautifully muted as ‘Side A’, and it works because of its purity and its big heart. Some movies need to sink in. I saw a screening of Sapta Saagaradaache Ello – Side B with the cinematographer’s assistant. After the film, he […]
In economic theory market failure happens when the price mechanism fails to allocate scarce resources efficiently which can lead to a net social welfare loss. It is evident when the competitive outcome of markets is not satisfactory from the point…
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By Aparna Namboodiripad (tonks) I was hearing a lot of buzz on social media about how Deepika Padukone was cheating on Ranveer Singh, and people were trolling and slut- shaming her for her words, “In my mind I was committed to him, but I was seeing other people”. So I wanted to see what the […]
AUTHOR BIO: ‘The Gravedigger of Qadim’ is Rohit’s sophomore novel, following the gritty slice-of-life contemporary fiction novel ‘Escape for Love’. He continues to be married to his work, a cinema aficionado, and a lover of strong coffee. In addition to his creative pursuits, Rohit is a corporate governance professional and a qualified member of the […]
