economics Archives - EU Seguros
Advanced Macroeconomics concepts

Advanced Macroeconomics concepts

The following list, contains a brief summary of more advanced macroeconomics concepts as you are interested in advance in the field: Dynamic Stochastic General Equilibrium (DSGE) models: These models are used to analyze the fluctuations and interactions of...
Main Economics Theorems

Main Economics Theorems

Advanced Economics Theorems Arrow’s Impossibility Theorem: states that it is impossible to design a fair and efficient voting system that satisfies certain basic criteria. Aumann’s Agreement Theorem: states that under certain conditions, two Bayesian...

What Is The Solow Model?

Solow-Swan Model The Solow model is a model of economic growth that explains how a country’s level of output (GDP) per capita depends on the level of technology and the amount of capital per worker. The model was developed by Robert Solow in the 1950s. The model...
What Is Stochasticity?

What Is Stochasticity?

In Statistics, the formal name for the concept of randomness or uncertainty is called “stochasticity”. A stochastic process is a type of mathematical model that describes a process that evolves over time and is governed by randomness or uncertainty. The...
What Is Econometrics?

What Is Econometrics?

Econometrics is the application of statistical methods to economic data in order to test hypotheses and estimate empirical models. Some key topics in econometrics include: Linear regression: A method for estimating the relationship between a dependent variable and one...
What Is The Coase Theorem?

What Is The Coase Theorem?

“If you torture the Data for long enough, it will confess” – Ronald Coase The Coase theorem is a fundamental principle in the study of law and economics, and it has been applied to various practical issues such as pollution, congestion, and land use....
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