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.15h ago15h ago
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.3d ago3d ago
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…3d ago3d ago
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…3d ago3d ago
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…3d ago3d ago
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…3d ago3d ago
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…3d ago3d ago
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…3d ago3d ago
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…3d ago3d ago
Jon LawHow Does Capital Affect Output in Economics?In the long run, there are two key relationships between output and capital:3d ago3d ago
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…5d ago5d ago
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…5d ago5d ago
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…5d ago5d ago
Jon LawDoes Increasing the Savings Rate Lead to Higher GDP Growth?The savings rate is the ratio of savings to GDP. Over the last 55 years, the U.S. savings rate has averaged 17%, compared to 29% in Japan…Oct 19Oct 19
Jon LawWhat is the Envelope Theorem in Optimization Theory?In optimization theory, the Envelope Theorem simplifies analysis concerning how an optimal value of a function responds to changes in…Oct 19Oct 19
Jon LawWhat is the Baumol-Tobin Model of Cash Management?The Baumol-Tobin model is an economic theory showing how individuals and firms manage cash holdings to minimize the total costs associated…Oct 19Oct 19
Jon LawWhat is the Slutsky Equation in Consumer Theory?The Slutsky Equation, named for Russian mathematician Eugen Slutsky, is a concept in microeconomics detailing how a change in the price of…Oct 19Oct 19
Jon LawCalculating Purchasing Power Parity in EconomicsI wanted to make a quick note of a single sentence that’s helped me in learning how to calculate purchasing power parity between countries…Oct 1Oct 1
Jon LawWhat is the Cobb-Douglas Production Function?At some point when studying economics, you’ve likely studied production functions, which detail how firms use inputs like labor and capital…Oct 2Oct 2
Jon LawHow the CPI and PCE Differ in EconomicsThe Consumer Price Index (CPI) and Personal Consumption Expenditures Price Index (PCE) are both common indexes tracking changes in price…Oct 2Oct 2