The document introduces a group of students and their IDs. It then discusses the concept of consumer surplus, how it is displaced when price changes, and some difficulties in measuring it. Specifically, it notes that consumer surplus is the difference between what consumers are willing and able to pay versus what they actually pay. It also discusses Professor Hicks' concept of consumer surplus and four variations. Finally, it outlines some practical uses of consumer surplus in areas like public finance, monopoly pricing, cost-benefit analysis, and measuring benefits from international trade.
Macro Economics
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Tonmoy Halder
Shopna Akter
Bipul Chandra
Mamunur Rahaman
Siam Hossain
Jibon Rahman
Macro Economics
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Tonmoy Halder
Shopna Akter
Bipul Chandra
Mamunur Rahaman
Siam Hossain
Jibon Rahman
Income elasticity of demand is the degree of responsiveness of quantity demanded of a commodity due to change in consumer’s income, other things remaining constant. In other words, it measures by how much the quantity demanded changes with respect ot the change in income.
The modern theory of rent is an amplified and modified version of the Ricardian theory of Rent. It was first of all discussed by J.S. Mill and after that developed by economists like Jevons, Pareto, Marshall, Joan Robinson etc.
According to modern theory, economic rent is a surplus which is not peculiar to land alone. It can be a part of the income of labour, capital, entrepreneur.
According to the modern version, rent is a surplus which arises due to the difference between actual earning and transfer earning.
A PowerPoint Presentation about Indifference Curve of Economics. Everyone should know about Indifference Curve. So watch it, download it and make your own from it.
Income elasticity of demand is the degree of responsiveness of quantity demanded of a commodity due to change in consumer’s income, other things remaining constant. In other words, it measures by how much the quantity demanded changes with respect ot the change in income.
The modern theory of rent is an amplified and modified version of the Ricardian theory of Rent. It was first of all discussed by J.S. Mill and after that developed by economists like Jevons, Pareto, Marshall, Joan Robinson etc.
According to modern theory, economic rent is a surplus which is not peculiar to land alone. It can be a part of the income of labour, capital, entrepreneur.
According to the modern version, rent is a surplus which arises due to the difference between actual earning and transfer earning.
A PowerPoint Presentation about Indifference Curve of Economics. Everyone should know about Indifference Curve. So watch it, download it and make your own from it.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
3. MEET THE MEMBERS
Sharmin Sultana Nipa. ID: 1814
Tanjum SarwarRimi. ID:1813
Afsana Fairuj Yeati ID: 1812
ChoudhuryRaya Adiba. ID:1815
Masuma Alam Prova. ID: 1811
4. What isconsumer’s surplus ?
Consumer surplus is defined as the difference between the total amount that consumers are
willing and able to pay for a good or service and the total amount that they actually do pay.
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7. consumer’s surplus and form of market.
There are, we assume, two form of market while calculating consumer’s surplus.
Perfect
market
Discriminating
market
8. Difficulties of measurement !
Consumer’s surplus = total utility – price x number of units purchased.
WOW! So simple.
9. A complete listof demand prices is not available.01
We are aware of a part of the demand schedule. As we do not know what prices we are prepared
to pay for every one of the units, the whole of the consumer’s surplus can not be ascertained.
NOT
AVAILABLE
12. Consumer’s sensibilities.04
every consumer has his own taste and sensibilities. Some desire a commodity more ardently
than others, and are, therefore, prepared to offer more.
13. Change In marginal utility of money.05
As we go on buying a commodity, less and less amount of money is left with us. Hence, the marginal utility
of each unit of money increases. But, when we measure consumer’s surplus, we do not make any
allowance for this change in marginal utility of money.
14. Change in earlier utilities.06
With every increase in the purchase of a commodity, the urgency of the need for the earlier purchase is
diminished and their utility decreases.
15. Substitute.07
There is a difficulty arising out of the presence of substitute. To meet this difficulty, the two substitute,
say, tea and coffee, can be regarded as one commodity.
16. Commodities used for distinction.08
In such cases, diamonds, the fall in price will not lead to increase in demand. When such commodities
become cheap, they no longer confer distinction on the user. The demand for them, therefore, may fall
off. Hence, a fall in price in such cases will not increase consumer’s surplus.
17. Measurement of consumer’s surplus
With indifference curve.
Professor J.R.Hicks has established a consumer’s surplus measurement method avoiding
criticisms of Marshallian measurement of consumer’s surplus.
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18. Prof. Hicks concept of consumer’s surplus.
Professor Hicks further developed the concept of consumer’s surplus and has propounded four
kinds of consumer’s surplus.
Price compensation
Variation.
Quantity compensation
Variation.
Price equivalent
Variation.
Quantity equivalent
Variation.
20. Price equivalent
Variation.
It is nothing but the minimum sum, the consumer will
accept for forgoing the opportunity of buying at a lower
price.
21. Quantity compensation
Variation.
it is nothing but the maximum amount of money a
consumer will be willing to pay for the privilege of
buying a good at a lower price.
22. Quality equivalent
Variation.
It is nothing but the sum of money the consumer will accept
for forgoing the opportunity of buying the commodity of
buying the commodity at a lower price.
23. Practical utilityof consumer’s surplus.
Although incapable of precise measurement, the concept of consumer’s surplus has great
practical utility and theoretical importance.
Conjunctural importance
Public finance
Monopoly value
Value-in-exchange
and Value-in-use
Benefits from
international trades
Cost-benefit analysis
24. Conjunctural importance
It enables us to compare the
advantages of environment
and opportunities.it also
enables us to compare the
economic conditions of the
people at different times. The
larger the consumer’s surplus
the better off are the people.
25. Public finance
The concept has a great practical
importance to the government in
determining the desirability of imposing
a tax on a certain commodity. A tax
imposed on a commodity tends to raise
its price and to reduce consumer’s
surplus thereby, but it yields some
revenue to the government. The finance
minister is to compare the loss of
consumer’s surplus to the increase in
tax revenue. A tax is justified when the
loss in consumer’s surplus becomes less
than the increase in tax revenue;
otherwise it will be harmful to society.
26. Monopoly value
While practicing price
discrimination, a monopolist
may charge different prices
for the same commodity
from the different buyers
(i.e., higher prices from the
affluent buyers and lower
prices from others) in such a
way that none gets any
consumer’s surplus.
27. Value-in-exchange
and Value-in-use
Consumer’s surplus points to
the distinction between the
use value (i.e., utility) and the
exchange value (i.e., the
market price) of a thing. The
former is reflected in the
individual demand price and
the latter in the market price.
Hence, consumer’s surplus
shows that these two values
are not always equal.
28. Consumer’s surplus from
international transactions enables
us to compare the relative gains
from the international trade of the
different countries. Larger
consumer’s surplus from such
transactions enjoyed by a country
is likely to make its gains higher
than that of another country.
Benefits from
international trades
29. Cost-benefit analysis
The concept of consumer’s
surplus is found useful in
working out cost-benefit
analysis of an investment.
Cost benefit analysis is
considered very essential
for determining the
desirability or otherwise of
an investment expenditure
in a particular project.