Economics is the social science that seeks to describe the factors which determine the production, distribution and consumption of goods and services. Broadly, Economics is a study of man in the ordinary business of life i.e. It inquires how man gets his income and how he uses it.
This sub-domain contains equation that are used in applied economics.
Economics is the science that deals with the production, distribution, and consumption of goods and
The Fisher equation in financial mathematics and economics estimates the relationship between nominal and real interest rates inflation. It is named after Irving Fisher, who was famous for his works on the theory of interest. In finance, the Fisher equation is primarily used in YTM calculations of bonds or IRR calculations of investments. In economics, this equation is used to predict nominal and real interest rate behavior.
This is the formula for the continuously compounded interest rate (R) that is equivalent to the return of a second interest rate (r) that is compounded across a number of periods (n).
This formula provides the Future Value based on compounded interest at a fixed rate. The inputs are as follows:
Macroeconomics is a field of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics.