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In this article we’ll explore a few different rules about the differences of sums and differences of differences as applied in economics. Continue reading on Medium »

When working with various economic models, case in point being the Extended Solow Model (a topic of several recent articles, see here)… Continue reading on Medium »

Conceptually, we’ll explore why oil prices might correlate with oil stock prices, and then explore which case is correct. Continue reading on Medium »

Long story short, yes, in the long-run output per worker will grow at the rate of technological progress. Continue reading on Medium »

Nominal demand for money can be represented as a function of income and liquidity preference. As follows: Continue reading on Medium »

The Federal Reserve has a wide set of policy tools available, visible here on their website, all under the general directive of ensuring… Continue reading on Medium »

In previous models we’ve explored, including the Solow Growth model and the relationship between capital and output, we’ve noted that… Continue reading on Medium »

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… Continue reading on Medium »

Liquidity Preference Theory says that people have a preference for money since it can immediately be used for purchases. Continue reading on Medium »

Output per effective worker does not necessarily grow at the rate of population growth. Continue reading on Medium »