A New Journey!

By Saherah Luhnat Noor, EconoHeart

Welcome to EconoHeart, your go-to destination for all things economics, finance and more! Dedicated to providing you with content on various topics. Navigating the complex world of economics can be challenging, so EconoHeart is here to make it easier for you! Whether you're interested in learning about demand and supply, macro or micro-economies, welfare or labour, I've got you covered with carefully curated content to ensure that it's both informative and entertaining.


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So why wait? Start exploring the exciting world of economics and more. Remember to like, comment and share our content if you find it valuable. Thank you for choosing EconoHeart! 💙💚💜



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Deflation

By Saherah Luhnat Noor, EconoHeart
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We all know the concept of inflation and its impact, but have you thought about its opposite - deflation? Hilarious as it sounds, this concept also exists as daylight in the economy. Let's delve deeper into it today. Deflation is basically just the opposite of Inflation - a situation where consumers expect prices to fall further in the future. It may feel good in short run, but in reality deflation has more dire consequences compared to inflation. People may delay buying goods and services because they anticipate that they'll be cheaper if they wait. If you expect the price of electronics to drop next month, you might hold off on buying that new IPhone now. When consumers delay spending, it can lead to a decrease in overall demand for goods and services. This reduction in demand can result in lower production levels and job cuts, affecting the overall economy. There's a term called Deflationary Spiral, a particularly concerning scenario where falling prices lead to falling ...
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Mathematics, like every other branch of subjects, is ingrained into economics too. In fact, many large-scale concepts and principles can be well explained with this. Let's explore it briefly in today's blog. Mathematical economics is a branch of economics that mainly relies on mathematical models and methods to analyze economic problems and derive solutions. A range of techniques like calculus, linear algebra, matrices, graphs etc, is employed in them. You may already saw in previous blogs how we tend to use some maths to explain a theory or topic. It's main goal is to represent economic theories and relationships in a formal and mathematical way. This allows economists to analyze economic behavior, make predictions, and develop policies more rigorously and systematically. If you grasp it well, you can derive precise, quantitative predictions about how individuals, firms, and governments will respond to changes in economic conditions, policies, and other factors. It can be ...
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