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List of prominent scholars and the work in field of economics

List of prominent scholars and the work in field of economics  Adam Smith - "The Wealth of Nations" (1776) - Laid the foundation for classical economics. John Maynard Keynes - "The General Theory of Employment, Interest, and Money" (1936) - A key figure in the development of modern macroeconomics. Milton Friedman - "A Monetary History of the United States" (1963) - Championed monetarism and free-market principles. Amartya Sen - Work on welfare economics and development, notably "Development as Freedom" (1999). Paul Krugman - Contributions to international trade theory and economic geography. Won the Nobel Prize in 2008. Joseph Stiglitz - Work on information asymmetry, development economics, and global economic issues. Nobel Prize in 2001. Thomas Piketty - "Capital in the Twenty-First Century" (2013) - Analyzed wealth and income inequality over time. Gary Becker - Pioneer in the field of human capital theory and the economic anal

RBSE 12 Economics Top 30 important questions

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RBSE 12 Economics Top 30 important questions Micro Economics RBSE 12 Economics Top 30 important questions www.iemsnet.com Explain central problem of economy. State and explain law of diminshing marginal utility.  Explain the concept of indifference curve with its properties. State the difference between movement along a demand curve and shift in demand curve. Explain the difference between(a) subsitute goods and complementry goods (b) Normal goods and inferior goods. State and explain law of demand with shedule and diagram. What is price elasticity of demand and explain various method for measuring price elasticity of demand. Explain various factor which determine price elasticity of demand. What are the factor responsible for shift in supply curve and how tax,subsidy and technology effect supply curve State and explain concept of production function and difference between short run and long run production. State and explain law of variable proportion. Expain short

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