Economics Tutorials
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A Professor's BlogWed, 19 Jul 2017 10:44:46 +0000en-UShourly1https://wordpress.org/?v=4.8.1http://econtutorials.com/wp-content/uploads/2016/01/cropped-site-icon-32x32.pngEconomics Tutorials
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323268245845EconomicsTutorialshttps://feedburner.google.comDifference between Perfect and Imperfect multicollinearity
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http://econtutorials.com/blog/difference-perfect-imperfect-multicollinearity/#respondWed, 19 Jul 2017 10:39:33 +0000http://econtutorials.com/?p=2885Imperfect multicollinearity With imperfect multicollinearity, an independent variable has a strong but not perfect linear function of one or more independent variables. This also means that there are also variables in the model that effects the independent variable. In other words If there are two independent vairables that are related to each other. Yet there […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/nexSZUKE8-w" height="1" width="1" alt=""/>http://econtutorials.com/blog/difference-perfect-imperfect-multicollinearity/feed/02885http://econtutorials.com/blog/difference-perfect-imperfect-multicollinearity/Eviews Regression with Dummy variables
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http://econtutorials.com/blog/eviews-regression-dummy-variables/#respondSat, 15 Jul 2017 06:39:07 +0000http://econtutorials.com/?p=2858To understand regression analysis with dummy variables, let us take an example of using dummy variable with structural changes in an economy. For example, there was a structural change in U.S during 1981-1982, and also a severe recession in 2007 and 2008. So when we taking a time series data, such structural changes does has […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/iy8lvh5onZE" height="1" width="1" alt=""/>http://econtutorials.com/blog/eviews-regression-dummy-variables/feed/02858http://econtutorials.com/blog/eviews-regression-dummy-variables/Dummy Variables
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http://econtutorials.com/blog/dummy-variables/#respondWed, 05 Jul 2017 10:26:24 +0000http://econtutorials.com/?p=2843By Definition, Dummy variables are Indicator, Categorical and Qualitative variables that are used to quantify the qualitative, nominal scale variables by giving them the value of 0 and 1. In simple words, we come across variable which are non-numerical in their attributes or you may say qualitative in nature. For regression, such variables are to […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/n7J4wsybM_I" height="1" width="1" alt=""/>http://econtutorials.com/blog/dummy-variables/feed/02843http://econtutorials.com/blog/dummy-variables/What is Regression Analysis ?
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http://econtutorials.com/blog/what-is-regression-analysis/#respondMon, 03 Jul 2017 11:06:40 +0000http://econtutorials.com/?p=2825In Econometrics, we use the tool of Regression Analysis to understand the economic relationships through quantitative estimation. This quantitative estimation is done by Regression which is one of the most frequent and important tool used to understand economic theories. Hence, it is easy to describe a relationship in a theoretical form but it would be […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/Y2nHvqNNxm0" height="1" width="1" alt=""/>http://econtutorials.com/blog/what-is-regression-analysis/feed/02825http://econtutorials.com/blog/what-is-regression-analysis/Introduction to Taxes and its Types
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http://econtutorials.com/blog/introduction-taxes-types/#respondThu, 28 Apr 2016 13:26:09 +0000http://econtutorials.com/?p=2695What 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 , newspapers etc ?. Have you ever thought how the Government gets financed and they pay salaries to employees ? Or pay pensions to retired employees ? The answer to […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/l20poWTm5Qg" height="1" width="1" alt=""/>http://econtutorials.com/blog/introduction-taxes-types/feed/02695http://econtutorials.com/blog/introduction-taxes-types/What are Index Numbers ?
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http://econtutorials.com/blog/what-are-index-numbers/#respondTue, 12 Apr 2016 20:00:22 +0000http://econtutorials.com/?p=2712Introduction 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 the change in the average retail price of milk in 1985 with that in 1982 or we may like to compare the retail price of milk in Houston with […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/XOwi-JLFXu4" height="1" width="1" alt=""/>http://econtutorials.com/blog/what-are-index-numbers/feed/02712http://econtutorials.com/blog/what-are-index-numbers/Multiplier Effect Definition,Calculation and Types
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http://econtutorials.com/blog/multiplier-effect-all/#respondTue, 05 Apr 2016 16:24:11 +0000http://econtutorials.com/?p=2698It’s an effect in economics that shows how much or by how many times final incomes increases if some extra initial injection of investment/spending is done, known as multiplier effect. How it occurs? Holding a thought on the occurrence of multiplier process and effect, let’s see this scenario to make it more understandable. The government […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/C9Ai0qS4X_c" height="1" width="1" alt=""/>http://econtutorials.com/blog/multiplier-effect-all/feed/02698http://econtutorials.com/blog/multiplier-effect-all/What is GDP Per Capita and how is it calculated ?
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http://econtutorials.com/blog/gdp-per-capita/#respondMon, 14 Mar 2016 17:18:26 +0000http://econtutorials.com/?p=2680What does GDP Per capita mean? GDP and GDP per capita are interlinked, putting a glance on its history how Per capita came from the concept of GDP. The great invention of 20th century GDP that stands for Gross Domestic Product. Taking Gross here a number of total, Domestic means within a boundary of a […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/cLnvBK3f4eo" height="1" width="1" alt=""/>http://econtutorials.com/blog/gdp-per-capita/feed/02680http://econtutorials.com/blog/gdp-per-capita/Commodity Money vs Fiat Money
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http://econtutorials.com/blog/commodity-money-vs-fiat-money/#respondThu, 28 Jan 2016 12:32:50 +0000http://econtutorials.com/?p=2026There has been numerous stories about exchanges of goods as a form of money in different circumstances . Like there were Cigarettes used in WWII by the prisoner of War camps, beads used by north american Indians , cattle in south Africa, and small green scraps of paper in north america. Now there are various […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/loL4hQLu0jU" height="1" width="1" alt=""/>http://econtutorials.com/blog/commodity-money-vs-fiat-money/feed/02026http://econtutorials.com/blog/commodity-money-vs-fiat-money/Major problem with using GDP
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http://econtutorials.com/blog/gdp-problems/#respondMon, 18 Jan 2016 09:11:11 +0000http://econtutorials.com/?p=2020GDP 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 – that leads to the analysis and conditions of various factors such as investments, household consumption , government expenditure etc. Yet GDP has considerable problems that cannot be ignored. […]<img src="http://feeds.feedburner.com/~r/EconomicsTutorials/~4/aO-EJKYiQ78" height="1" width="1" alt=""/>http://econtutorials.com/blog/gdp-problems/feed/02020http://econtutorials.com/blog/gdp-problems/