20th+

Sunday, April 29, 2012

Inflation ..

Mid-COVID Inflation - 2021 →

MMT - Modern Monetary Theory ..

Monetarism ..

Ordoliberalism (Wirtschaftswunder) ..

Recession, Depression ..

Stimulus Impacts ..

Education is considered a positive externality –
a benefit that is enjoyed by a third-party as a result of an economic transaction (helps individuals and society as a whole)

US has a problematic educational system, one of which – inequality. Funding is needed, but for others competition is needed. Investing in primary and secondary education is considered a priority.

College has more requirement for enrolling and doing the degree. College graduates earn more, by showing proof for finishing a degree basically – a diploma.

Cost – expensive in the U.S. Forcing students to take loans. There was an inflation in prices in recent years. There are options for discounting (scholarships, etc) Inflation in prices of unis are because the actual costs of running a college is higher.

24 - Revenue, Profits, and Price

.Revenue, Profits, and Price - CrCo > .

Economics - CrCo >> .

● Economic Principles ..

Energy as Currency ..

25 - Monopolies and Anti-Competitive Markets

Monopolies and Anti-Competitive Markets - CrCo > .

Why Conglomerates Split Up | WSJ > .

> Capitalism >>

> > Econopolitics > >

Economics - CrCo >> .

Pure Monopoly - 1:00
Barriers to Entry - 1:10
Crony Capitalism - 2:35
Oligopoly - 2:52
Horizontal Integration - 4:25
Vertical Integration - 4:38
Usefulness of monopoly - 5:51
Natural Monopoly - 6:38
Non-Coercive Monopoly- 7:25
Price Discrimination - 8:14 .

● Economic Principles ..

Devaluation Risks - X ..

Energy as Currency ..

21-11-18 Corporate titans General Electric and Johnson & Johnson both announced that they are splitting, two of the latest in a long string of conglomerate break ups. Here’s why big businesses divide and what it could mean for investors.

26 - Game Theory and Oligopoly

Game Theory and Oligopoly - CrCo > .

23-8-13 Game Theory Of Military Spending | EcEx > .

Economics - CrCo >> .

● Economic Principles ..

1- 4 types of markets
A- Perfect competition
Low barriers, identical products, no control over price (eg strawberries)
B- Monopoly
There is one large company that produces a product with few substitutes. And because high barriers prevent competition, a monopoly has a lot of control over price.
C- Monopolistic competition
a market with many producers and relatively low barriers; their products are very similar but not identical. (eg furniture stores or fast food)
D- Oligopolies
markets that have high barriers to entry and are controlled by a few large companies. Similar to monopolistic competition, their products are similar but not identical. That gives them some control over their prices. How?

2- Non-price competition:
Companies focus on things like style, quality, location, or service. The goal is to distinguish their product from their competitors.
The most recognizable form of non-price competition is advertising.

3- Game theory: the study of strategic decision making.

4- Collusion: If businesses don’t compete at all and they agree to charge the same high price, conspiring to form what economists call a cartel. They split the customers 50/50, but now they make even more profit -- benefiting at the expense of consumers. It’s illegal in the US.

5- Price leadership is when one company changes its prices, and its competitors have to decide if they’re going to follow suit.

6- Pay off matrix: In game theory, a payoff matrix is a table in which strategies of one player are listed in rows and those of the other player in columns and the cells show payoffs to each player such that the payoff of the row player is listed first.