RAGNAR FRISCH
Ragnar Frisch is an economist from Norway, who became a joint winner of the first Nobel Prize in 1969 together with Jan Tinbergen for his research in econometrics. He also specialized in other areas of research such as linear regression analysis, time series, business cycles and production theory. He formed the Econometric Society, and invented the terms "microeconomics", "macroeconomics", and "econometrics".
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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