Welcome to EconArthik – Learn Economics the Smart Way!
EconArthik is an educational platform dedicated to making Economics simple, engaging, and exam-oriented. Whether you're a beginner or an advanced learner, our goal is to help you build strong conceptual understanding and achieve academic success.
This channel is ideal for students preparing for:
📖 Microeconomics
📖 Macroeconomics
📖 Econometrics
📖 Mathematical Economics
📖 Indian Economy & Development Economics
📖 International Economics
📖 Public Economics
📖 Statistics for Economics
📖 Many for topics
📖 Previous Year Questions (PYQs) with Detailed Solutions
📖 Exam-Oriented Notes, Book Recommendations & Study Strategies
Choose EconArthik?
Help you score better and think like an economist.
Our mission is to empower every Economics student with quality education that is accessible, affordable, and easy to understand.
Subscribe to EconArthik and join
EconArthik
Happy Raksha Bandhan 🌸
2 weeks ago | [YT] | 1
View 0 replies
EconArthik
🌍 From Bretton Woods to Today | How the Modern Global Economic Order Was Built | EconArthik
Description:
How did the modern global economic system begin? 🤔
In this special 10-Part Series, we travel from the Bretton Woods Conference of 1944 to the global economic institutions and challenges of today.
📌 In this series, you will understand:
🔹 Why the old world economy collapsed
🔹 Bretton Woods Conference, 1944
🔹 Keynes vs Harry Dexter White
🔹 How the Bretton Woods System worked
🔹 Birth and role of the IMF
🔹 Birth and evolution of the World Bank
🔹 GATT and the beginning of modern trade rules
🔹 Collapse of the Bretton Woods System
🔹 From GATT to WTO
🔹 IMF, World Bank & WTO in today's global economy
This series will help UG, PG, MA Economics, UGC NET/JRF and competitive exam students understand the complete evolution of the international economic system in a connected and easy-to-understand way.
🌐 From Crisis → Cooperation → Institutions → Globalisation
📚 Learn Economics. Understand the World.
EconArthik
#BrettonWoods #IMF #WorldBank #WTO #GATT #InternationalEconomics #GlobalEconomy #Economics #UGCNETEconomics #EconomicsStudents #EconArthik #WorldEconomy
3 weeks ago | [YT] | 0
View 0 replies
EconArthik
Recent Central Bank of India release new Quantitative rate
3 weeks ago | [YT] | 0
View 0 replies
EconArthik
This journey is undefined for all my EconArthik family.
Because today's live streaming option is on thank you all for support and love ❤️
1 month ago (edited) | [YT] | 2
View 0 replies
EconArthik
2 months ago | [YT] | 2
View 0 replies
EconArthik
2 months ago | [YT] | 3
View 0 replies
EconArthik
15 & 16 finance Commission
2 months ago | [YT] | 2
View 0 replies
EconArthik
Q.3 In the light of Revealed Preference Theory, which of the following axioms are considered? UGC NET [2004]
(a) Rationality
(b) Consistency
(c) Transitivity
(d) Non-satiation
Options:
(A) (a) and (b)
(B) All four
(C) (a) and (c)
(D) (a), (b), and (c)
Explanation
Paul Samuelson's Revealed Preference Theory is based on:
1. Rationality – Consumers choose the most preferred bundle from available alternatives.
2. Consistency – If bundle A is preferred to B once, the consumer should not later prefer B to A under the same conditions.
3. Transitivity – If A is preferred to B and B to C, then A should be preferred to C.
Non-satiation ("more is preferred to less") is not a basic axiom of the original Revealed Preference Theory.
✅ Correct Answer: (D) (a), (b), and (c) are correct
Q.4 Match the Following UGC NET [2004]
Group I
(a) Kinked Demand Curve
(b) Full Cost Pricing
(c) Sales Maximisation
(d) Limit Pricing Model
Group II
(i) Baumol
(ii) Bain
(iii) Sweezy
(iv) Hall & Hitch
(v) Modigliani
Matching
(a) Kinked Demand Curve → Sweezy (iii)
Kinked demand curve theory was developed by Paul Sweezy.
(b) Full Cost Pricing → Hall & Hitch (iv)
Full-cost (mark-up) pricing theory was proposed by Hall & Hitch.
(c) Sales Maximisation → Baumol (i)
William Baumol proposed the Sales Revenue Maximisation model.
(d) Limit Pricing Model → Bain (ii)
Joe S. Bain is associated with the Limit Pricing model.
Therefore:
Group I Group II
(a) Kinked Demand Curve (iii) Sweezy
(b) Full Cost Pricing (iv) Hall & Hitch
(c) Sales Maximisation (i) Baumol
(d) Limit Pricing Model (ii) Bain
✅ Correct Answer: (C)
2 months ago | [YT] | 2
View 2 replies
EconArthik
2 months ago | [YT] | 3
View 0 replies
EconArthik
Q1. The laws of returns to scale assume: UGC NET [2004]
(A) Technique of production is unchanged
(B) All units of factors are homogeneous
(C) Returns are measured in physical terms
(D) All of the above
✅ Answer: (D) All of the above
Explanation:
Returns to scale analyze the effect of proportionately increasing all inputs. The assumptions are:
Production technique remains unchanged.
Factor units are homogeneous.
Output and inputs are measured in physical terms.
Therefore, all three statements are correct.
Q2. Payment of interest as a factor reward is explained by: UGC NET [2004]
(A) Productivity Theory
(B) Abstinence Theory
(C) Time Preference Theory
(D) All of the above
✅ Answer: (D) All of the above
Explanation:
Different economists have explained interest through different theories:
Productivity Theory: Interest arises from the productivity of capital.
Abstinence Theory (Senior): Interest is a reward for saving/abstinence from present consumption.
Time Preference Theory (Fisher): Interest arises because people prefer present consumption over future consumption.
Hence, all of the above theories explain interest, so the correct answer is (D).
2 months ago | [YT] | 2
View 0 replies
Load more