Macroeconomics Archives

Fundamentals of Economics – Demand and Supply – By Dr. Gnana Sankaralingam Economics is the study of how a group of individuals make decisions about the allocation of scarce resources. Since it deals with human behaviour, it is considered as social science. It is management of basic economic problem of demand and supply. Human wants and needs are infinite but nearly all resources are scarce, which forces the economic agents in making choices by allocating available resources between competing uses. Everyone have certain basic needs to live such as food, water and shelter. Everyone also have infinite things they want such as designer clothes, smart phones and luxury vehicle. Economics is how best to satisfy the people as effectively as possible. As these economic decisions are based often on opinions and judgements, they might not always make the most economic sense. Demand is the quantity of goods or ...

Japan grants Rs.761 mn for HRD Scholarships Source : dailynews.lk The Government of Japan has provided a grant aid worth approximately Rs.761 million for the Human Resource Development Scholarship (JDS) project to enhance the capacity building of public sector officials. The Japanese Yen 282 million (approximately Rs.761 million) grant will be extended to train young executive officers in the public sector at various universities in Japan and develop their skills in order to qualify them as future national leaders in their respective fields. Under the project, 17 public sector officials will be sent to pursue a two-year Master or PhD degree from 2023 to 2025. Areas of their degrees cover Public Policy, Macroeconomics, Public Finance and Investment Management, Industry Development Policy and Investment Promotion, and Urban and Regional Development. As a long-standing friend, Japan has placed great emphasis on assistance in human resource development via many capacity building and skills development ...