Self-tutoring about politics: the tutor mentions the idea of elite capture. The following is according to my understanding. Years ago I was invited to a presentation about donating to a project meant to benefit people on a different continent. The …
Self-tutoring about political and economic trends: the tutor mentions an observation. An idea one often hears is how much harder it seems to be, nowadays, to be middle-class. Back in the 1950s, for instance, many people seem to believe it …
Self-tutoring about economics: the tutor wonders about some figures. By some reckoning, the US gdp grew by 2.8% over the year 2024. Yet, its deficit was 1.8 trillion, or 6.4% of gdp, that same year. For perspective, in 2023 its …
Self-tutoring about trade and economics: the tutor mentions some parameters from the apparent theoretical tariff calculation. In yesterday’s post I mention a calculation apparently meant to model theoretical tariffs on US exports. As I understand, said formula, which looks somewhat …
Economics, trade: Theoretical tariffs, part 2: epsilon and phi Read more »
Self-tutoring about theoretical tariff calculations and assumptions: the tutor mentions a formula. The following is my understanding of the situation. The Trump administration seems seldom short of ideas, whatever one might think of any particular one. An example is the …
Self-tutoring about economics: the tutor mentions an observed value for price elasticity. The following is according to my understanding. Price elasticity, in economics, refers to the change in demand relative to a change in price. Elasticity is almost always negative, …
Self-tutoring about international business: the tutor looks at an alleged cartel. Apparently, numerous carmakers have been fined by EU antitrust authorities, to an amount of 458million Euros. The alleged cartel, it seems, involved a mutual agreement among perhaps fifteen carmakers …
Business, economics: carmakers’ cartel activities earn fine Read more »
Self-tutoring about economics terms: the tutor mentions gross fixed capital formation. In simple terms, gross fixed capital formation (gfcf) is the amount invested in an economy. It might be given as an absolute number or as a percent of gdp. …
Self-tutoring about economics: the tutor mentions purchasing power parity (PPP). If one looks up the gdp per capita of Brazil, one might see it at around 9258 USD. However, its GDP per capita, PPP, is 19018 USD. Why the difference? …
Self-tutoring about international trade: the tutor starts a discussion on tariffs. Well, it seems that the US may impose tariffs on imports from Canada, perhaps by 25%. What goods actually will have tariffs applied remains to be seen. However, the …