Discover the concept of utility in microeconomics, exploring its origins, types, and applications to analyze consumer decisions and maximize satisfaction.

If you’re shopping for a new dishwasher, you might be thrilled to save a few hundred bucks on a model you like during a big sale. But there’s almost no chance that you would buy the same dishwasher ...

This is not an argument for more quantitative easing, or QE3, as it would inevitably be called. Instead, this is about the logic of the argument for more quantitative easing. It is intended as a ...

You don't need to have studied economics to be familiar with the law of diminishing marginal utility and the idea of consumer surplus. The first has to do with the benefit consumers get from their ...

It is one of the basic principles taught to students studying economics. Introduced by Lord Alfred Marshall, it forms a crux in the micro-economic level often reflected in routine, day-to-day life.

- Minutes from the July FOMC meeting were released yesterday, and despite a slightly-hawkish tint, the US Dollar continued to sell-off on the expectation that the Fed will continue to be passive in ...

Every week, it seems, there’s a new financial website with just the right solution for managing your money. “We’ll bucket you.” “We’ll goal you.” “We’ll de-tax you.” “We’ll balance you.” “We’ll ...

The government and the opposition are engaged in a war of words over the former’s decision to fire more than 4,500 employees of Pakistan Steel Mills (PSM), which is one of the largest public sector ...