Oracle Tutoring, Campbell River, BC
(250) 203-6544 (text) or (250) 830-0295 (talk)
Self-tutoring about the price of gas: the tutor mentions some thoughts. I filled up my wife’s car this morning. I think I recall seeing a price something like 214.9: I was surprised, even having heard it was rising. Whatever it …
Self-tutoring about economics: the tutor recalls a story. When I used to visit family in the Lower Mainland, my uncle – we’ll call him X – was among them. He had a daughter whom we’ll call A: she’s my cousin. …
Self-tutoring about the economic downturn circa 2008, apparently centred in the US: the tutor begins. The economic trouble known as “The Great Recession” in the US may have begun, noticeably, around 2008, and lasted possibly until 2010, depending on which …
Self-tutoring about countries’ balance sheets: the tutor makes a few inquires. Approx. Debt-to-GDP, %, Dec, 2020 EU: 91 France: 116 Germany: 70 UK: 95 US: 128 Canada: 118 Australia: 25 Afghanistan: 8 Congo: 15 Venezuela: 350 In my lifetime, some …
Self-tutoring about economics: the tutor begins about modern monetary theory. Modern Monetary Theory: the concept that, when a country controls its own currency, its ability to spend is limited by inflation rather than by its income. In other words, such …
Self-tutoring: old-time economics students like to track certain relationships. The tutor mentions the US deficit vs GDP. For 2018, the US deficit is estimated at $804B, while its GDP is around 19.4T. In percent, the deficit to GDP is 804 …
Reading about economics means self-tutoring. The tutor discusses the disadvantage – or advantage, of the US trade deficit. The US has run a trade deficit since the late 70s. Simply put, a trade deficit means that the country’s imports are …
Economics, business: the US trade deficit: good or bad? (Part 0) Read more »
Tutoring a number of subjects, the term mercantilism might arise. The tutor defines it. mercantilism economic policy that favours exports, discourages imports, and has the objective of amassing precious metals. Source: Barber, Katherine et al. Oxford Canadian Dictionary of Current …
English, economics, history: what is mercantilism? Read more »
Tutoring statistics, confidence intervals are important. A two-sided confidence interval for the population mean is given by sample_mean – (standard_dev/n1/2)*sig_factor, sample_mean + (standard_dev/n1/2)*sig_factor The sig_factor (significance factor) depends on the certainty (confidence level) with which we want the confidence interval …
Statistics: confidence interval for the mean (two sided) Read more »
The tutor probes more deeply into the concept of the US trade deficit. In my January 1 post I began about the US trade deficit, mentioning, for example, that it’s exceeded $500 billion per year over the last ten years. …