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Dummy variableDummy VariablesStudy smarterDummy variables, interaction terms and the dummy-variable trap are covered alongside the rest of regression in the Statistics Made Simple Complete Bundle — textbook plus…EconometricsWhat is Regression Analysis ?Study smarterRegression is built up from least squares to full inference in the Statistics Made Simple Complete Bundle — the 246-page textbook plus 1,569 practice questions…MacroeconomicsIntroduction to Taxes and its TypesWhat comes in your mind when you hear or see the word “Tax” in your daily life discussions or on some news channel on T.V ,…Index NumbersWhat are Index Numbers ?Introduction Often we want to know how certain variables like prices, production, etc. have changed over time and space. For example, we may like to compare…MacroeconomicsMultiplier Effect Definition,Calculation and TypesThe multiplier effect shows by how much final national income increases following an initial injection of spending or investment into the economy. Study smarterThe multiplier, MPC…Gross Domestic Product (GDP)What is GDP Per Capita and how is it calculated ?Study smarterGDP per capita, PPP adjustment and the limits of income as a welfare measure are covered in full in the Economics Made Simple Complete Bundle…MacroeconomicsCommodity Money vs Fiat MoneyThere has been numerous stories about exchanges of goods as a form of money in different circumstances . Like there were Cigarettes used in WWII by…Gross Domestic Product (GDP)Major problem with using GDPGDP is considered to be the most simplest and common economic statistics that measures the economic activity of the economy that takes place within a year…Aggregate Demand and SupplyDifference between aggregate supply and market supply curveBy definition, the Aggregate Supply curve shows the relationship between the Aggregate Quantity Supplied by all the businesses and firms of an economy and the over…MacroeconomicsWhat is Money ?To explain it with a formal definition Money is : Anything that is accepted as a way of exchange to buy products and services The basics mechanics…Aggregate Demand and SupplyShifts in Aggregate Demand CurveWe just assumed that the Monetary and fiscal policy variable are kept constant when deriving the Aggregate Demand Curve. So any changes made in the following…Gross Domestic Product (GDP)Everything about GDP (Gross Domestic Product)I have made an amalgamation of all the posts that I and my contributing writers have written about GDP Please leave a Message if you require…
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