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Here is a list of more advanced macroeconomics concepts.

## Main Economics Theorems

The following list summarizes main Advanced Economics Theorems.

## What Is The Solow Model?

In this article we explain what the Solow Model is with examples.

## What Is Econometrics?

In this article, we explain what is Econometrics, how it is used, key techniques, strengths and weaknesses of each technique.

## Sources of Error in Statistics

In this article we list known Sources of Error in Statistics, so you can become more proficient in this area of STEM

## Tax Multiplier, MPS and MPC

The tax multiplier represents a measure of the change of the Gross Domestic Product (GDP) in response to a change in government taxes

## The US Trade Deficit: Is It a Problem or Not?

Is the Trade Deficit a problem or Not?A panel of economists gathered to try and and answer this question. Essentially they don’t know.

## What is Financial Contagion?

Financial contagion is an economical situation where a collapse of large players in a specific industry has a negative impact on others.

## Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market

In this article we will go through the effect of changes in policies and economic conditions on the foreign exchange market.

## What Is The Balance Of Payments?

The Balance Of Payments is a snapshot of a country’s money position. The balance is the difference between money inflows and outflows.

## The Difference Between CPI, GDP deflator, and PCE deflator

In this article we will go through the differences between the CPI, GDP deflator, and the PCE deflator.

## Nominal GDP vs Real GDP: what is the difference?

GDP – Gross Domestic Product is the total monetary value of all the finished goods and services produced from a country within a year.

## The money market model

What is the Money Market Model? The money market model shows the relationship between the quantity of money being supplied when there are changes in the nominal interest rate. The Nominal Interest Rate is the real interest rate before adjusting it inflation. To know...

## The Relationship Between Inflation and Unemployment

The Phillips curve shows an inverse relationship between inflation and unemployment: as unemployment decreases, inflation increases.

## How to find the Utility Maximization Bundle

In this article, we will go through how to find the utility maximization bundle using a bit of calculus.

## What is a trade union and its purpose?

A trade union is an organization of workers who come together to get better terms for them from the company they woirk, like money amd hours.

## What is a monopsony?

A monopsony is a monopoly for labor. It is the company that is the sole employer of labor in a given profession.

## short run vs long run total average cost curves

In this article we will go through the differences between short run vs long run total average cost curves.

## Why the Marginal Revenue Curve for a Monopoly Is Below the Demand Curve?

In this article we will go through why the Marginal Revenue Curve for a Monopoly Is Below the Demand Curve.

## Costs of Production

Costs of production refers to the total cost, variable and fixed, to produce a specific quantity of a product or offer a service to consumers

## Factor Markets

Factor Markets is a term used for all of the resources that businesses use in order to produce goods or services. Also called Input markets.

## Perfect vs Imperfect Competition: What is the Difference?

Perfect competition is a model where the supply and demand, are left by their own device. Imperfect competition is when this doesn’t happen.

## Substitution Effect vs Income Effect

Substitution effect and Income effect are responsee from the consumer when the price of a good goes changes.

## Individual and market demand curves

The market demand curve is made up of all the individual demand curves for a good or service. It’s a combination of all discrete inputs.

## International trade and public policy

International trade allows all countries to expand their markets by exchanging their goods and services with other countries.

Deadweight loss of taxation measures the overall economic loss caused by a new tax on a product or service.

## What Is Elasticity?

Elasticity is a concept used to measure the change in the aggregate quantity demanded of a good or service in relation to its price.

## price ceilings and price floors

Price floors and price ceilings are government-imposed minimums and maximums on the price of certain goods or services.

## what are the determinants of market demand and supply?

In this article we will go through what shifts the demand curve and what shifts the supply curve. These are called market determinants.

## Law of Demand And Supply

The law of demand and supply is a theory that explains the interaction between the sellers and the buyers for that resource.

## Marginal Utility, Total Utility and Utility Maximization

In this article we will go through what is Marginal Utility, Total Utility and Utility Maximization.

## What is Marginal Analysis?

Marginal analysis compares the additional benefits derived from an activity and the extra cost incurred by the same activity.

## Cost Benefit Analysis

Technique designed to determine the feasibility of a project or plan by quantifying costs and beneﬁts including external costs and benefits.

## Resource Allocation and Economic Systems

In economics, resource allocation is the assignment of available resources to various uses. This differs based on the type of economic systems

## Factors of Production – Overview and Characteristics

Factors of production refers to the inputs needed to produce goods and services.The four factors are land, labor, capital and entrepreneurship

Comparative advantage is an economy’s ability to produce a particular good or service at a lower opportunity cost than its trading partners.