Tag Archives: Economics

UGC NET Economics Correspondence Course

Cannot attend the classes everyday? And want to clear the UGC NET Economics Examination? So how about we give you a solution.

Economics Harbour is now introducing a correspondence course, for those who cannot devote regular time to the preparation. So what is in this course?

  1. Lecture Videos
  2. Study Material
  3. Online Mock Test Series
  4. Customised Study Schedule
  5. Doubt Sessions

So join Economics Harbour. Clear the most crucial exam which is now a minimum requirement for academic jobs. Let’s together move towards your achievement.

Price of the correspondence course is Rupees 7,500/-.

Economics Harbour will refund 25% of the fees if you clear the exam in the same term. So buck up, and let’s start preparing.

For joining the programme, email us at admin@economicsharbour.com or Call/Message/WhatsApp us at +91-7837587648.

UGC NET Economics

1. UGC NET Economics Correspondence Course

Economics Harbour is now circulating the SIXTH EDITION of its UGC NET Economics Study Material. The package includes: Weekly live class for clearing doubts + Easy to learn from study material+ Online Mock Test Series. (The doubts will be noted in advance.)

The study material consists of:

Part 1: Micro-economics, Game theory, Macro-economics, Statistics, Econometrics, Mathematical Economics

Part 2: International Economics, Public Finance, Financial Economics, Development Economics, Environment Economics, Population Studies, Agricultural Economics, Industrial Economics, Indian Economy

Part 3: Sample Test Papers, Question Bank, Summary Notes, Important Terms

The package costs Rupees 5,500/-, valid till December 31, 2020. Ask for a SAMPLE. (Contact us details are given below)

2. UGC NET Economics Online Coaching

The details of the course are:

a. Maximum 10 students will be enrolled on first-come-first serve basis per batch.

b. Classes will be conducted from Monday to Friday.

c. The course includes: Economics Harbour Study Material, Online Classes covering all topics mentioned in the syllabus, Online Mock Test Series.

d. The classes will be conducted over a period of 2.5 months. The batches will run all throughout the year, starting from June 2020.

e. We assure, after the batch students will be more confident regarding the subject. Extremely helpful for those preparing for interviews or other competitive exams.

Cost of the course is Rupees 10,000/- inclusive of all charges.

Check out our SAMPLE Videos

UGC NET Economics Mock Test – 2

The test has 100 questions, all related to ECONOMICS.

2 points for each correct answer.

Maximum marks: 200

You can attempt the test only ONCE.

Time duration: 2 hours

Follow the link to begin your test.

Heavy discounts as per the score of the participant. Those will be revealed once you submit your answers.

Theories of Demand (part 1): Cardinal or Marshallian Analysis

UGC NET Economics Mock Test by Economics Harbour

The test has 100 questions, all related to ECONOMICS.

2 points for each correct answer.

Maximum marks: 200

You can attempt the test only ONCE.

Time duration: 2 hours

Follow the link to begin your test.

Heavy discounts as per the score of the participant. Those will be revealed once you submit your answers.

Offers and discounts are valid only if the test is attempted on May 24, 2020.

NTA UGC NET Economics: Elasticity of Demand

UGC NET Economics Study Material (SIXTH EDITION)

Economics Harbour is now circulating the SIXTH EDITION of its UGC NET Economics Study Material. The package includes Easy to learn from notes + Online Mock Test Series + All time help

The study material consists of:

Part 1: Micro-economics, Game theory, Macro-economics, Statistics, Econometrics, Mathematical Economics

Part 2: International Economics, Public Finance, Financial Economics, Development Economics, Environment Economics, Population Studies, Agricultural Economics, Industrial Economics, Indian Economy

Part 3: Sample Test Papers, Question Bank, Summary Notes, Important Terms

The package costs Rupees 5,500/-. This is a one time payment and the student will be enrolled in our online mock test series in future as well.

And one more thing, if you clear the exam in the same term of joining, we will refund 25% of the fees. After all, we want you to succeed and we will give all the incentives to motivate you to study hard.

For ordering the material, contact us:

Email id: admin@economicsharbour.com

Call/Message/WhatsApp: +91-7837587648

NTA UGC-NET Economics Crash Course

Following the popular demand, Economics Harbour is conducting an online crash course for the NTA UGC-NET Economics Aspirants. Follow the link to see the demo video. You will get an idea how the lectures will be conducted.

The details of the course are:

1. Maximum 8-9 students will be enrolled on first-come-first serve basis.

2. Classes will be conducted from Monday to Friday, 1.5 hours each.

3. There will be 30 lectures in total, covering the entire syllabus.

4. The course will begin from May 11, 2020.

5. The course includes: Economics Harbour Study Material, Online Classes, Online Mock Test Series.

For more details, feel free to contact us.

Email id: admin@economicsharbour.com

Phone: +91-7837587648

Best wishes,

Team Economics Harbour

Stay Home, Stay Safe and Study Hard 🙂

The Curious Case of Facebook + Reliance Jio

As the rising influence of Covid-19 is pushing the global economies towards a recessionary phase, India is fighting sternly under these distressing conditions. Despite being so densely populated, the Indian economy has been better off as compared to various developed countries. The appreciation by the World Health Organisation (WHO) proves the same. Moreover an interesting news stirred the newspapers and the internet recently. The investment by Facebook in Reliance Jio uplifted the status of Indian stock market implying that the international corporations have a faith in the future of the Indian economy.

Facebook purchased 9.99 per cent of the stake in Reliance Jio, amounting to $5.7 billion dollars. This is the largest minority stake investment in India till date. This news stirred the speculative market which resulted into a rise in the value of Reliance Industry stocks by 8 per cent. This does seem to be a glorious news to be celebrated but before that it is important to ponder over some facts and understand the economic impact of the Facebook+Jio deal on the telecom industry as a whole.

Beginning with the story of Reliance Jio. While Jio was founded in 2007, it experienced a high growth in the past three years, becoming one of the largest telecom networks. Thanks to the introduction of low priced data and calling plans, the company pushed the major telecom networks like Bharti Airtel, Vodafone Idea to the point of collapse with them hanging on to the cliff.

At present, the two giants, Facebook and Reliance Jio, own a substantial market share in Indian digital and telecom industry respectively. The following chart states the statistics regarding the number of users.

Data source: https://economictimes.indiatimes.com/tech/internet/how-facebook-is-logging-into-the-reliance-jio-ecosystem/articleshow/75302242.cms

The figures above cause a sense of worry for the businesses as well as consumers. Firstly, the combined market share of both Facebook and Reliance Jio will have access to a considerable amount of private data which can be used for various commercial purposes. This can put the privacy of the user at stake due to the presence of the activity asymmetric information performed by companies and also ignorance on the part of the consumer.

Secondly, the wide access to data can be used by the two giants collectively for their advertising. This leads to the possibility of unfair market practices, giving the two companies an upper hand to drive out their competitors. In other words, the merging of Facebook and Reliance Jio implies handing over the majority of the Indian market and their needs to one party. It is here that the role of the Competition Commission of India (CCI) comes into picture. While the investment deal still needs to be approved by CCI, the primary responsibility of the organisation in this aspect is to ascertain the transparency of the objective behind the FDI. Before approving the deal, it has to assure that the market power is not concentrated in one organisation which can hamper the consumer as well as producer interest.

Nonetheless, the deal has its own positives and negatives. Let’s start with the positive aspect of the ‘Facebook + Reliance Jio’. An inflow of FDI at the time of global recession will help the Indian economy to revive itself and attain the level of normalcy. India was already experiencing a high unemployment rate prior to the lockdown period. The situation worsened when the unemployment rate reached 24 per cent during lockdown 2.0 resulting from the spread of Covid-19. At such distressing times, the FDI only shows a ray of hope for future to boost employment rates in the economy.

The negative side is the risk of leaking private data for commercial use. In today’s digital economy, data is the biggest asset owned by giants in the consumer market. A high consumer base of both Facebook and Reliance Jio in India implies a collectively humongous coverage amongst Indian population. The data can be used to drive out the existing competitors and create a monopoly situation which can hamper the consumer interest in the long run.

Therefore, the role of CCI becomes highly crucial for this deal to go forward. The deal involves the risk of predatory pricing, violation of Right to Privacy Act, possibility of monopoly situation, high prices for consumers, etc. A transparency in the deal needs to be assured and proper conditions and restrictions need to be put in place to protect the interests of the consumers and the telecom industry which is already facing a slump in the Indian economy.

Source: https://economictimes.indiatimes.com/tech/internet/how-facebook-is-logging-into-the-reliance-jio-ecosystem/articleshow/75302242.cms

https://www.businesstoday.in/current/corporate/fb-jio-deal-facebook-investment-values-jio-platforms-at-record-rs-46-lakh-crore-5th-largest-in-m-cap/story/401659.html

https://www.thehindu.com/business/facebook-jio-deal-a-reflection-of-faith-in-indian-economy-says-usispf/article31411734.ece

https://indianexpress.com/article/explained/what-the-jio-deal-means-for-reliance-facebook-6374686/

https://www.business-standard.com/article/opinion/unemployment-rate-touches-26-per-cent-120042001081_1.html