Jon LawHow to Work With Differences of Sums in EconomicsIn this article we’ll explore a few different rules about the differences of sums and differences of differences as applied in economics.Nov 5, 2024Nov 5, 2024
Jon LawHow to Work with Growth Rates in EconomicsWhen working with various economic models, case in point being the Extended Solow Model (a topic of several recent articles, see here)…Nov 4, 2024Nov 4, 2024
Jon LawDoes Output per Worker Grow at the Rate of Technological Progress?Long story short, yes, in the long-run output per worker will grow at the rate of technological progress.Nov 2, 2024Nov 2, 2024
Jon LawWhat are the 4 Conventional Monetary Policy Tools of the Federal Reserve?The Federal Reserve has a wide set of policy tools available, visible here on their website, all under the general directive of ensuring…Nov 2, 2024Nov 2, 2024
Jon LawWhat is the Savings Paradox in Economics? (why saving more isn’t always better)In previous models we’ve explored, including the Solow Growth model and the relationship between capital and output, we’ve noted that…Nov 2, 2024Nov 2, 2024
Jon LawWhat Determines Whether Consumers Hold Money or Investments in Economics?Money in economics is defined as the leading medium of exchange and the most liquid asset. For example, holding literal cash or money in a…Nov 2, 2024Nov 2, 2024
Jon LawHow is Nominal Demand for Money Represented in Economics?Nominal demand for money can be represented as a function of income and liquidity preference. As follows:Nov 2, 2024Nov 2, 2024
Jon LawWhat is Liquidity Preference Theory in Economics?Liquidity Preference Theory says that people have a preference for money since it can immediately be used for purchases.Nov 1, 2024Nov 1, 2024
Jon LawDoes Output per Worker Grow at the rate of Population Growth?Output per effective worker does not necessarily grow at the rate of population growth.Oct 29, 2024Oct 29, 2024
Jon LawDoes GDP Growth Make a Country Better to Live in? | 2024 StudyNote: this article is an excerpt from a full report published on Medium, visible here. If you like this article, or to understand the…Oct 29, 2024Oct 29, 2024
Jon LawDoes Regulation Make a Country Better to Live in? | 2024 StudyNote: this article is an excerpt from a full report published on Medium, visible here. If you like this article, or to understand the…Oct 29, 2024Oct 29, 2024
Jon LawDoes Diversity Make a Country Better to Live in? | 2024 StudyNote: this article is an excerpt from a full report published on Medium, visible here. If you like this article, or to understand the…Oct 29, 2024Oct 29, 2024
Jon LawDoes Economic Equity Make a Country Better to Live in? | 2024 StudyNote: this article is an excerpt from a full report published on Medium, visible here. If you like this article, or to understand the…Oct 29, 2024Oct 29, 2024
Jon LawDoes Economic Freedom Make a Country Better to Live in? | 2024 StudyNote: this article is an excerpt from a full report published on Medium, visible here. If you like this article, or to understand the…Oct 29, 2024Oct 29, 2024
Jon LawWhat is the Best Country to Live in, and Why? | 2024 StudyDetermining the true “best” economic system in the world is an impossible question given the inherent subjectivity in defining what exactly…Oct 29, 2024Oct 29, 2024
Jon LawWhat is the Edgeworth Box in Economics and Information Theory?The Edgeworth Box is a diagram illustrating the distribution of two goods between two consumers, helping us visualize all possible…Oct 29, 2024Oct 29, 2024
Jon LawHow Does Capital Affect Output in Economics?In the long run, there are two key relationships between output and capital:Oct 29, 2024Oct 29, 2024
Jon LawWhat is the Laffer Curve in Economics?The Laffer Curve suggests a relationship between tax rates and tax revenue, suggesting that a theoretical optimal tax rate exists that…Oct 27, 2024Oct 27, 2024
Jon LawDoes a Reduction in the Savings Rate Impact the Growth Rate in Economics?Assuming a permanent reduction in the savings rate, we can explore the short-run and long-run impact on the growth rate and the level of…Oct 27, 2024Oct 27, 2024
Jon LawHow Does the Economy and the Federal Reserve Impact Stock Prices?Macroeconomic factors are decidedly important when searching for good investments and in managing existing ones. Certain economic…Oct 27, 2024Oct 27, 2024
