Economics Powered

A vacation looks simple until you price it out. The flight and hotel according to you may be the cost of a vacation. But the real cost is bigger. You also give up shifts at work, time you could’ve spent studying, and maybe money you would’ve invested. That trade is the core idea of Applied Economics : choices have costs, even when they don’t show up on a receipt. In striving for vacation- you lose the utility you may get from the reservation option (the best next outcome). The same logic scales up. A country “chooses” between spending and saving, hiring and automation, consumption now and investment for later. Those choices shape GDP growth (Gross Domestic Product growth), and economics gives you tools to form a disciplined and accurate forecast. This blog aims to shows how to build a simple GDP growth view using components of GDP, the GDP deflator , indicators, basic models, and a careful role for Artificial Intelligence . You’ll also learn what economics can’t promise, so your fore...

  Bilateral Trade Agreements and the UK-India FTA: Case Study: [Economic Implications] Bilateral trade agreements between India and the UK have been a big economic buzz over the past few months, as economists around the world scout the economic implications. They are trade deals between two countries that cut tariffs and other barriers so goods and services can move more easily across borders. In short, they try to make trade cheaper, safer, and more predictable. These deals matter for everyday life. Lower tariffs can reduce prices on imported products, from cars to smartphones. Better access to foreign markets can support jobs in export sectors. Clearer rules can attract investment and support long-term growth. In recent years, the planned UK-India Free Trade Agreement has become a high-profile example. It appears often in news headlines and political debates. This article explains the basic economic logic behind bilateral trade agreements, then draws practical lessons from the U...