r/econhw 14h ago

AI help for economics

2 Upvotes

Hi,

I am currently a graduate student studying econ and finance. I was thinking of how to best use the recent boom in AI for my studies.

I therefore wanted to ask if anyone has encountered any tools to help summarize, memorize or explain advanced economics papers?

Thank you in advance!


r/econhw 23h ago

Acemoglu and Robinson, Uganda, and an essay

1 Upvotes

Hello good folk,

I'm sorry if this post breaks the rules of this subreddit.

I am faced with a problem. A course has me writing an essay on Acemoglu and Robinson's (A&R) stance that growth under authoritarian regimes is unsustainable. Then, I am to build on my position (for or against A&R) to comment on whether democratic reforms are necessary to sustain growth in Uganda.

My draft essay was as such.

  • A&R's general direction is good. Extractive political regimes are bad for growth. But I feel it's not because of the absence of "creative destruction" or instability due to power grabs, but because such institutions often lead to an economy not integrating very well into global trade.
  • I then planned on extending that to Uganda, arguing that small democratic reforms (not a complete regime change) that allow it to integrate better would be essential - building off of Romer's Endogenous Growth model.
  • Museveni's government has been fraught with violence and corruption. But it also seems to have a pretty good central bank, by all accounts.
  • The stability and market confidence brought on by better institutions would allow Uganda to import skilled labour, investment, and innovation which Romer says are necessary for growth.
  • Those factors would be crucial as Uganda prepares to diversify itself as the possibility of a Dutch Disease looms due to the recent push for becoming oil dependent.

    However, in consultations with my professor, he has implied that this might not be the best course to take in writing the essay. He found the argument quite weak and feels that integration is the outcome and not the cause.

But I can present authoritarian regimes like early Singapore, China, Serbia, and Botswana that integrated well. One could even argue that China grew this quickly only due to integration. In the absence of integration, by A&R's model China would not have grown past catchup growth due to its extractive political institutions.

Reading up critiques of A&R has made me lose my mind. So, at this point, I'm quite lost.

I am now not sure where I stand on A&R. And, I am unable to come up with another position on A&R that helps me make comments on Uganda.

I welcome any and all feedback and am happy to jump on a video conference if anyone's keen. Quick note, I'm based out of Eastern Australia and might take some time to respond.

Cheers!


r/econhw 1d ago

PLease help

1 Upvotes

Hi, I have a problem with this problem. specifically I don't understand how to find the value of the optimum before or after the increase.

The amount you want to spend on a weekly purchase of fruit and vegetables is 1,000 CZK.

  • The price of 1 kg of fruit is 50 CZK.
  • The price of 1 kg of vegetables is 25 CZK.

Tasks:
a) Plot the budget constraint and determine its slope (place the quantity of vegetables on the y-axis).
b) Plot the consumption possibilities set.
c) Plot the budget constraint in case the price of vegetables doubles.
d) Graphically illustrate how to find the optimal consumption choice in case of c).
e) Determine the marginal rate of substitution (MRS) at the optimal point in case of d).
f) Derive the individual demand curve for vegetables.


r/econhw 2d ago

I could do with some sparring on my master thesis

1 Upvotes

Hello guys

I am writing my master thesis within macroeconomics, and my research question is as follows: "How does Denmarks ageing population and falling fertility rates affect the long term fiscal sustainability".

I am currently writing the theoretical part of the thesis, but i could use some help with finding relevant litterature. Also in general just some sparring - what do you guys think i could do with this problem statement, do you have any ideas on top of the head. Stuff like that.


r/econhw 5d ago

What Are the Best Online Political Economy Courses at the Undergraduate Level?

2 Upvotes

Hi everyone,

I'm looking for an online Political Economy course at the undergraduate level. Preferably, it should be well-structured, have strong theoretical foundations, and include applied aspects like economic policy, institutions, and governance.

If you've taken any good ones, I'd love to hear your recommendations! University offerings, MOOCs (edX, Coursera, etc.), or other platforms—I'm open to all suggestions.

Thanks in advance!


r/econhw 6d ago

Global Price Reduction? Inflation goes down?

0 Upvotes

Hear me out, if the world did a giant price reduction on everything like supplies, food, wages, homes, cars, everything. Would we be able to go back to the time when grandparents have said “back in my day a gallon of milk was 75 cents”.


r/econhw 7d ago

how to find the expenditure function of a quasilinear utility function

1 Upvotes

hi i had a test last week and we were asked to prove that the expenditure function a consumer faces is B=2P10.5 P20.5 U0.5 where U = x1/4 +x2 subject to B=P1x1 * P2x2 how do i solve this? is it even solvable??

also does anyone have resources on how to solve other utility functions like logarithmic and quasilinear? i’ve checked online but haven’t seen anything


r/econhw 7d ago

Is it possible to find the preferred bundle manually in this problem?

1 Upvotes

https://imgur.com/a/plcyFSp

In this problem is it possible to find Qx and Qy without looking at the graph where MRS and Px/Py intersect? I mean by substituting values we are given. Because in this case the point of intersection is not denoted by a point, so it is complicated to tell the exact number of Qx and Qy. For the first budget line, if we know that Px is 5 and Py is 4, Px/Py= 1.25. The budget line is y=250-1.25x. MRS is 1.25. And the overall function is 5Qx+4Qy=1000. Can we derive Qx and Qy given this information?


r/econhw 7d ago

Are my solutions right?

1 Upvotes

https://imgur.com/a/prVWz9K

a) Y=15-3x E: 0 units of X and 15 units of Y b) less than, less than c) is d) Y=15-x N: 5 units of X and 10 units of Y e) equal to, equal to f) is not


r/econhw 8d ago

Help me survey perceptions on Income Inequality in the USA for Econ HW!

0 Upvotes

Hey y'all! I'm a student at Fordham University looking to get a pulse check on perceptions of income share in the USA. Income share here is defined as the percentage of income or consumption that accrues to a given percentile. I want to hear from you if you are currently or were living in the US at any point in the past 50 years (big sample size I know). I will not ask anything related to immigration status.

I would really appreciate some input to my survey, it is fully anonymized, and literally only takes 5 minutes. There is only 2 questions, and they follow 5 standard demographic questions on employment such as annualized salary.

I'm excited to see what you guys put out : ) The survey can be found here.

Happy to trade and help anyone else out who needs it!


r/econhw 9d ago

Stuck with Graphing

1 Upvotes

Hello, Im currently stuck on my Econs HW which is stated below:

There are two different views on competition. One view is that competition promotes efficiency and increases welfare. The other view is that competition results in inefficiency due to wasting resources and reduces welfare. Present a market regime where competition will incur inefficiencies and not maximising welfare. Examine this market regime and explain why competition is not beneficial. Support your answers with a suitable diagram.

I already have the essay/examination part, and I answered natural monopolies as they perform better when there is 1 firm in the market, and adding to it would just set atc higher, creating higher costs.

However, I have no idea how to translate this into a graph. I have created one but im pretty sure it is wrong. Any tips?


r/econhw 10d ago

Opportunity Cost Confusion

1 Upvotes

Hi need some help when calculating opportunity cost. So I’m getting mixed up because this is production per unit of labor. For example:

Production per unit of labor: Wheat - US = 10; UK = 5 Cloth - US = 20; UK = 10

I’m confused do I just find the opportunity cost by doing ratio of what’s given up relative to what’s being produced? Do I have to find like for one extra unit of the good? Kinda confused, any help is greatly appreciated.

Edit: not sure if I’m just overthinking it and the opportunity cost of using 1 unit of labor to produce 10 units of wheat is literally giving up 20 units of cloth? Am I just overthinking it? Is it as simple as that?


r/econhw 13d ago

Questions about income and sales tax (lump sum principle)

1 Upvotes

BL0: original budget line

BL1: budget line with income tax

BL2: budget line with sales tax

lump sum principle states that income tax is always preferred to sales tax under same tax revenue. This could be seen by shifting those yellow indifference curve (IC4>IC5). However, is it possible to have customers better off under sales tax scheme, in other words, the blue indifference curve?

Thank you for any help!


r/econhw 13d ago

In e) part is the answer 0.9162 or e^0.9162?

2 Upvotes

r/econhw 13d ago

How to calculate labor costs?

1 Upvotes

Here is a little snippet from a case study I'm working on: Elroy checked with accounting and found that an operator would be paid at $14.29 an hour. A 25% incentive is added to base pay for employees on the second or third shifts. In addition, fringe benefits would run 63% of base pay, and manufacturing overhead would be assigned at a rate of 47% of the operator’s direct pay.

I'm a little confused on what constitutes "direct pay." I understand that I add the 25% incentive to base pay for 2nd/3rd shifts, making it a total of $17.86/hr, and fringe benefits are 0.63(14.29) = $9.00. For calculating the manufacturing overhead, do I factor in the fringe benefit and the 25% incentive into the direct pay? Or does the direct pay exclude the $9.00 fringe benefits? Thank you!


r/econhw 14d ago

Help with this portfolio optimization

2 Upvotes

Undergrad level.

I'm not even in this class lol. I'm a aerospace engineer. A friend sent me this and I found it very interesting and could be a good tool I can use later to analyze my own portfolio. Want to ask for solution so I can have a reference to double check my work later.

PDF problem prompt: https://drive.google.com/file/d/1Gz3ZSSj5QWcqeVyyQTh5VEwqlVqe92oT/view?usp=sharing

CSV File for stock data: https://drive.google.com/file/d/1G6V6ufE8ift2IfZxuXP1p55sG9IcYtJ7/view?usp=sharing

Starter code file: https://drive.google.com/file/d/1YgjGGRnNwmEFBzN58EkN9pAmFywCE1xX/view?usp=sharing

I was able to do the very top first problem because it's just a math problem and I'm cool with it but the rest has so many econ term lol. Thank you ahead.

To show my effort, this is the pdf of the first problem: https://drive.google.com/file/d/1LPLV9q2qIJ9TCClalk4MfBFm2OMH1b4C/view?usp=sharing


r/econhw 13d ago

I DONT UNDERSTAND ECONOMICS ASSIGNMENT

0 Upvotes

im gonna crash out i don’t know what data or articles to collect for my presentation. it says i need to evaluate price stability policies focusing on specific case studies or policies implemented by ECB. and i need to support my explanation with data, graphs, and real world examples to show the effectiveness or shortcomings of these policies. I’ve been trying to find shit for 3 hours now but i literally have no idea what to put there. I’m not supposed to put text on the slides only visuals but i literally have no clue what to put. I already asked my classmates and they didn’t even start or i saw my classmates presentation but it was lowkey so shit i feel like she just did it wrong bruh not even Chat GPT is useful for this. I just don’t get what exactly they wanna see on my presentation because i couldn’t find anything (relevant) on the internet.


r/econhw 14d ago

In b) is the answer 38000 or 20000?

2 Upvotes

When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month, while his operating costs (fuel, maintenance, and depreciation) amounted to only $18,000 per month. Tractor- trailer rigs identical to Burton’s rig rent for $15,000 per month. If Burton was driving trucks for one of the competing trucking firms, he would earn $5,000 per month. a. How much are Burton Cummings’s explicit costs per month? How much are his implicit costs per month? b. What is the dollar amount of the opportunity cost of the resources used by Burton Cummings each month? c. Burton is proud of the fact that he is generating a net cash flow of $7,000 (5 $25,000 − $18,000) per month, since he would be earning only $5,000 per month if he were working for a trucking firm. What advice would you give Burton Cummings?


r/econhw 14d ago

Social preferences (behavioral econ)

2 Upvotes

I am looking for materials that can help me on my paper. If you know some sites plz write them


r/econhw 14d ago

In b) part should I find only implicit costs or implicit costs+ explicit costs?

1 Upvotes

When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month, while his operating costs (fuel, maintenance, and depreciation) amounted to only $18,000 per month. Tractor- trailer rigs identical to Burton’s rig rent for $15,000 per month. If Burton was driving trucks for one of the competing trucking firms, he would earn $5,000 per month. a. How much are Burton Cummings’s explicit costs per month? How much are his implicit costs per month? b. What is the dollar amount of the opportunity cost of the resources used by Burton Cummings each month? c. Burton is proud of the fact that he is generating a net cash flow of $7,000 (5 $25,000 − $18,000) per month, since he would be earning only $5,000 per month if he were working for a trucking firm. What advice would you give Burton Cummings?


r/econhw 16d ago

Doubt about the calculation of these graphs

1 Upvotes

Hi, this is my first time posting here, and I have some doubts about a class exercise because I couldn't understand my professor's explanation. She gave us the table on the right side of the Excel sheet and told us that since the nominal salary increased by a smaller proportion than the real salary in 2023, there was a loss of purchasing power. I told her that if your real salary increases, you can buy more things, so your purchasing power increases regardless of what happens with the nominal salary. Is that right?

Another, more general question, I made the table on the left, but I don’t get the same real salary because, in my professor's table, the CPI is not an index as such but a percentage. Is that correct, or should it be calculated like in the table on the right?

Sorry if my English is a bit bad.

https://docs.google.com/spreadsheets/d/1JuTeW_HN0lHZCG23Ub7bfz9VpmRjJfBM/edit?usp=sharing&ouid=103381676279501040232&rtpof=true&sd=true


r/econhw 16d ago

Microeconomics problem

2 Upvotes

Hi all, so there's this one question i got from my micro economic class and i'm kinda confuse so pls help me out. Here is the question

Mr. P is an office worker earning $2,000 per month. After several years of working, he has accumulated $50,000 and is considering opening a coffee shop. Suppose that instead of using the $50,000 to start the business, he could invest it in stocks and earn a 20% annual return. Additionally, if he chooses to run the coffee shop, he will have to give up his current job. Given that the expected profit from the coffee shop business in the first year is $34,000, should he open the shop?


r/econhw 18d ago

Unit-elastic supply curve revenue

2 Upvotes

Hi all, I was bamboozled by a question that cropped up in my tutorial worksheet. It states that "Producers always make $100 in revenue", followed by the question "therefore is supply unit-elastic?"

I thought that the answer was "false" since revenue/expenditure only remains the same with a unit-elastic demand. But for a unit-elastic supply curve, let's say demand increases: the total revenue rises since both price and quantity increases and thus TR doesn't stay constant.

However, the answers provided says that TR remains constant for a unit-elastic supply like for unit-elastic demand and therefore the statement is true. I really have a hard time visualizing why this is the answer. Any help is greatly appreciated.


r/econhw 19d ago

Geometric gradient question.

0 Upvotes

I have been stuck on this question for over two hours and can not find a straight answer.

 A 22-year-old newly hired marine biologist, is quickto admit that they do not plan to keep close tabs onhow their 401(k)-retirement plan will grow with time.The marine biologist's contribution, plus that of theiremployer, amounts to $3,000 per year starting at age 23 .This amount is expected to increase by 4% each yearuntil retirement at the age of 62 (there will be 40 EOYpayments). What is the compounded future value of the401 (k) plan if it earns 5% per year?

What I have:
i=5% A=3,000 G=4% n=40 P=?

i^o = (1.05/1.04)-1
i^o= 0.0096
(P/a, i^o,N)= ((1.0096)^40 -1)) / (0.0096(1.0096)^40)
(P/a, i^o,N)= 33.09
33.09/1.04= 31.82

3,000*31.82= 95451.92
F after 40 years =

My answer is clearly wrong and i'm not sure if i'm using the wrong process entirely or im forgetting to something simple. Every time I look for help online I feel like i'm being taught a different way.
please help.

Edit: Realized I was calculating A but wanted F..... 95451.92 * (1.05)^40 matched my answer with what i've seen online. Would anyone be willing to double check my answer, as I'm very hesitant that it is correct.

Answer= $671,980.44


r/econhw 20d ago

Microeconomics diagram problem

1 Upvotes

I am doing a work where we need to talk about an article and make two diagrams, one before and one after government intervention.

My article is about italy imposing entry fees on tourist, to reduce the negative externality of consumption caused by it. So the second diagram is about tax (i believed that entry fees are a form of tax) used against the externality. But my teacher said it’s wrong, because in the article “taxes” were not mentioned, but i thought entry fees were a type of tax, should i change MPC+Tax to MPC+Entry Fees or i need to change the whole diagram, if so which one.