Economics

Solow Growth Model

Solow Growth Model  The Solow Growth Model is also known as Exogenous Growth Model, Neo-classical Growth Model and Solow-Swan Growth Model. This concept is used to define what is called a model for long-run economic growth. The model owes its important contributions to economists Robert Solow and T.W.Swan. They developed a...

Phillips Curve

Phillips Curve Phillips Curve deals with the relationship between unemployment and inflation in an economy. It was study on The British Economy between the periods 1861- 1957. The study states that the lower the rate of unemployment in an economy the higher the rate of increase in wages and the...

Fiscal Policy

Fiscal Policy  Fiscal Policy is a method which is used to keep the level of inflation under control and to stabilize the economy. It’s different approach to the Monetary Policy approach. While Monetary Policy is a soft approach in dealing with inflation, Fiscal Policy is a harsh approach towards inflation. Fiscal...