If you’re an economics student you already know—graphs are everywhere. Whether it’s a supply and demand curve, cost functions or the Phillips Curve, your exams, assignments and even research work require you to plot them and interpret them correctly.
Without clear, well-structured graphs economic concepts can feel abstract and hard to understand. Getting started with p...
Consumer expectation plays an important role in shaping economic behavior, especially in the context of consumption and economic policy. These expectations relate to how consumers expect the future state and conditions of the economy that have a direct impact on spending and saving behavior. That is why it is critical for students of macroeconomics as it introduces ...
Cluster analysis is a powerful statistical technique used to organize a set of objects into clusters so that objects within the same cluster are more homogeneous than those belonging to other different clusters. This is especially used in business (in the marketing division to segment customers), bio...
In analyzing the performance of investment portfolios and risk management, one must understand the principles dealing with the returns on stock portfolios and the composition of these portfolios. Regardless of whether you are a student studying finance for the first time or a professional intending to specialize in investment analysis, these concepts are fundamental...
The ludicrous but yet curiously insightful Big Mac Index, which was conceived by The Economist in 1986, has ever since provided a light-hearted approach to evaluating the purchasing power parity of national currencies. Across the globe, the price of a Big Mac is a useful measure for understanding whether a nation’s currency is overvalued or undervalued compare...