Javier Parra | Digital economy and finance

The circular economy: Introduction

23 November, 202021 April, 2021 by Javier Parra

Javier Parra

381

Although the circular economy concept is not entirely new, it has gained a lot of momentum among both scholars and practitioners. Yet, its critics claim that it can mean many different things to different people. Today the concept has become popular, especially with the promotion of the concept by the…

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Game theory: Introduction from an economy perspective

9 November, 202019 May, 2021 by Javier Parra

Javier Parra

291

Game theory reasoning is very present in economic theory and is widely used in other social sciences, facilitating the understanding of economic, social, political, biological, etc., phenomena. The objective pursued by this theory is to enable or facilitate our understanding of situations in which decision-makers interact. One of its main…

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Keynesian Economics: A Simplified Summary

2 November, 202021 April, 2021 by Javier Parra

Javier Parra

1649

Keynesian economics is a well-known theory of total expenditure (also called aggregate demand economics) and its effects on output and inflation. Although the term is often used to describe several terms, what it is and how it works will be described herein fairly. Keynesian economics was born from John Maynard…

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Context Costs as a singularity of Frontier Economies

31 July, 202023 April, 2021 by Javier Parra

Javier Parra

328

By definition, context costs are understood as those costs that harm the competitiveness of companies and on the activities that these companies carry out about others that are also located close to the frontier. Moreover, the organisations most affected by context costs are those closest to the border, with this…

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Transaction cost theory or TCT

10 July, 202023 April, 2021 by Javier Parra

Javier Parra

621

Transaction cost theory attempts to answer the questions "why" or "what do firms exist for", understanding firms as a particular type of organisation. These types of organisations have a managerial hierarchy that allows them to manage transactions to minimise costs. The first notions of the theory were introduced by the…

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General equilibrium theory

17 April, 202023 April, 2021 by Javier Parra

Javier Parra

962

Generally, as economists, we are interested in how production is organised and how what is produced is distributed among consumers, all of which occur in markets (those specific institutions we are all familiar with). In the middle of all this comes a concept that we sometimes do not have very…

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The beginnings of the credit economy

6 April, 202021 April, 2021 by Javier Parra

Javier Parra

370

The beginnings of credit economy may seem a little abstract in today's world, where it seems that the concept of money has always been with us; we spend so much of our lives chasing money. We live in a technological society that has seemingly modified our habits; mobile phones are…

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