Self-tutoring about politics: the tutor wades into some current issues. I wasn’t sure if the Gulf of America idea would happen for real, but apparently the order has been given. When I was a kid in the 80s, Americans loved …
Economics, politics: US trade deficits and fallout, part 1 Read more »
Self-tutoring about economics: the tutor mentions the comparison of BC’s provincial budget with GDP. An interesting comparison can be a political entity’s governmental budget with its GDP. In 2023, BC’s GDP is thought to be perhaps 280B, while its governmental …
Self-tutoring about economics: the tutor begins about supply-side economics. Supply-side economics claims that by lowering taxes, investment will be stimulated which will more than make up for the lost tax revenue. Although supply-side economics is associated with Ronald Reagan, a …
Self-tutoring about European politics and economics: the tutor looks into Brexit. Apparently, The UK opted out of the EU because it rejected the EU’s economic policies, which EU members are all expected to follow. The British public, by a narrow …
Economics and politics: Brexit, Part 1: Why did Brexit happen? Read more »
Self-tutoring about economics: the tutor mentions the idea of inverted yield curve. An inverted yield curve means that the interest rate is higher on short-term bonds than long-term. Supposedly it’s a fairly rare situation (six times since ’78). The reason …
Self-tutoring about economics: the tutor mentions economic complexity of a few countries. In my post from March 15 I mention economic complexity, which is a measure of the sophistication of the products a country exports. According to the oec, Japan …
Self-tutoring about business and economics: the tutor mentions Italy. Italy seems to have run a trade deficit in 2022, but a surplus from 2012 until then. In 2020, Italy’s biggest export was packaged medicaments. To my understanding, that means medicines …
Self-tutoring about economics and business: the tutor looks at the difference between balance of trade and balance of payments. The following is my understanding of balance of trade and balance of payments: Balance of trade is contained in balance of …
Business, economics: balance of trade vs balance of payments Read more »
Self-tutoring about economics: the tutor mentions the idea of economic complexity. A country’s economic complexity refers to the knowledge it must hold based on its exports. Source: harvard
Self-tutoring about trade: the tutor mentions Brazil. It seems Brazil has been mainly in the black, tradewise, since about 2002. It’s had some trade deficits, but more and bigger surpluses. Among its leading exports are petroleum (who knew?), iron ore, …