RBI Grade B Exams for Economics students

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 RBI GRADE B Exams for Economics students  "Dear Economics students, Are you interested in a career in central banking and economic policy-making? Look no further than the RBI Grade B exam! As an economics student, you already have a solid foundation in the subject matter. With dedicated preparation, you can crack this prestigious exam and join the Reserve Bank of India (RBI) as a Grade B officer. To prepare, focus on: 1. *Microeconomics*: Theory of consumer behavior, production, market structures, and welfare economics. 2. *Macroeconomics*: National income accounting, aggregate demand and supply, inflation, and monetary policy. 3. *International Trade*: Gains from trade, tariffs, exchange rates, and balance of payments. 4. *Economic Growth and Development*: Models, indicators, and strategies. 5. *Indian Economy*: Historical perspective, planning, liberalization, and economic reforms. 6. *Statistics*: Descriptive and inferential statistics, data interpretation, and analysis. 7...
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UGC NET 100 days prepartion 4 MicroEconomics Demand analysis1

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UGC NET 100 days prepartion MicroEconomics Demand analysis1 

Demand analysis 1


Ugc net Economics https://ntanet.nic.in Web results UGC Net

In our previous blog we had discussed about Syllabus .books.exam pattern we know discuss about unit 1

 Microeconomics Demand analysis

 Demand is desire to buy a commodity in normal course of life but in economics there are three elements attached to it

  • Desire
  • Back up money power
  • Willing to spend money
  • Demand has three components without it has no meaning in economics
  • Qty
  • Time
  • Money

Alfred Marshall and Salmesoun defination 

 Other thing being equal or constant demand is directly related to price .If price of commodity rise demand fall and if price decreses its demand increse.
Both has given similar defination

 Assumtion

  • Taste and fashion no change
  • Price of related goods no change
  • Income of consumer not changed
  • Continous demand
  • No expectation for future price rise
  • Exception
  • Giffen paradox
  • Prestige goods
  • Spectulation
  • Trade cycle
  • Ignorance of price changes
  • Shortage of necesssities


 Importance

 Primary law for law of consumption
Used in cost analysis production and investment
First law to undestand consumer behaviour
Demand analysis and forcasting
Economical decision are taken from demand and supply

 Stay tune and follow for 100 days prepartion


Comments

  1. UnknownDecember 29, 2019 at 8:23 AM

    Very nice nice..Directly related with Income (Ordinary goods)

    ReplyDelete
  2. IemsDecember 29, 2019 at 11:33 AM

    Thanks

    ReplyDelete
  3. UnknownDecember 31, 2019 at 12:18 AM

    Good blog sir give your views on international economics

    ReplyDelete
  4. shopifyJune 2, 2022 at 1:39 AM

    Team of experienced and enlightened writers are available around the clock to do your homework. pay people to do my homework Don’t lose a chance to grab a good score on your daily homework or coursework.

    ReplyDelete
  5. Sara R. ThornhillJanuary 17, 2023 at 11:42 AM

    Interested in economics after her divorce https://paonlinedivorce.com
    I can’t say that I am already an expert in this field, but my financial situation has improved by an order of magnitude

    ReplyDelete

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