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In 2024 Jamb reduced it's cut off mark to 140 for private and public universities and 100 for polytechnics and colleges of education. [12] [13] [14] Jamb gives admission to students whose school of choice has already confirmed as fit and qualified for admission.
Equity premium puzzle: The equity premium puzzle is thought to be one of the most important outstanding questions in neoclassical economics. [6] It is founded on the basis that over the last one hundred years or so the average real return to stocks in the US has been substantially higher than that of bonds.
[26] [27] Again in 2022, a new controversy started when both CBSE and NCERT removed topics regarding Islamic Empires in the class 12 history textbook and chapters like “Challenges to Democracy” in the class 10 political science subject and many others, saying it is necessary to reduce syllabus to reduce examination pressure on students by ...
The announcement of the 2008 Nobel Memorial Prize in Economic Sciences in Stockholm. The winner of the prize was Paul Krugman.. The Nobel Memorial Prize in Economic Sciences, officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an award funded by Sveriges Riksbank and ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The solution to these problems is important because of the "fundamental fact of economic institution life" that ... [ 2 ] "The economic problem, "the struggle for subsistence", always has been hitherto primary, most pressing problem of the human race- not only of the human race, but of the whole of the biological kingdom from the beginnings of ...
Management and Economic Simulation Exercise (MESE), also known as JA Titan, is a computer simulation program developed by Junior Achievement.The program is designed to help students develop skills such as decision-making and teamwork.
The concept of rational expectations was first introduced by John F. Muth in his paper "Rational Expectations and the Theory of Price Movements" published in 1961. Robert Lucas and Thomas Sargent further developed the theory in the 1970s and 1980s which became seminal works on the topic and were widely used in microeconomics.