# Questions tagged [self-study]

Questions about self-studying economics, including curriculum design, study strategies, resources, etc.

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### What are some database like websites about lower levels of economics (micro/macro) for a research project?

I'm looking for some websites; books or videos on the beginning levels of economics like micro and macro economics to do a research project projects on. I found some course videos but they were a bit ...
114 views

### How do I construct the score process of a Markov model and verify that it is a Martingale?

The following is a specific question that is useful for demonstrating a general idea. Consider the following autoregressive model: $$X_{t+1} = \alpha_0 + \beta_0 (X_t - \alpha_0) + W_{t+1},$$ where ...
8k views

### How to find corner Pareto efficient allocations

I have some troubles in understanding how to find Pareto efficient allocation that are on the frontier of the Edgeworth box. I mean, the interior ones, can be found using the equality $MRS_A = MRS_B$, ...
164 views

### Financialization of the economy

What is the financialization process of wealth in the economy? What are the determining factors? What are its consequences? What is the role of financialization in the economic crisis of 2008? ...
2k views

### Real world application of IS-LM model

I learnt IS-LM model but I got curious whether it is applicable to the real world. I mean it's just an model, so I doubt that the realtionship between Y and r actually exists. Are there any real life ...
297 views

### a risk lover agent preferences and the preference of risk natural agent may be the same

Consider two lotteries $N$ and $M$. Agent $i$ is risk-averse and prefers $N$. Agent $j$ is risk-neutral and prefers $M$. Would any risk-loving agent $k$ also prefer $M$? That is, would $j$ and $k$ ...
649 views

### Subgame Perfect Nash equilibrium: two stage game

Charitable organizations are ranked according to the proportion of their total budget that is spend on programs(what directly goes to the recipients of their services) relative to money spent on ...
3k views

### Moral hazard vs hidden information.

What is the difference between hidden information and moral hazard? I cannot understand these two terms mainly. Please explain. Thank you.
509 views

### Question on real exchange rate

If the Phillipine peso falls in value against the USD by 5% in a year, but the domestic inflation rate in the Phillipines is 10%, compared to 2% in the USA, the nominal exchange rate has fallen (by 5%)...
113 views

### Why should $dp_2=dm =0$ in this problem?

I am studying Essential Mathematics for Economic Analysis and in chapter 12 problem 10 there is a problem that I can solve but I do not understand why the solution works. The problem asks us to ...
2k views

### Marginal Utility with Supply and Demand Curves

Can someone explain how the equilibrium points in the image below (source: The Foundations of Econometric Analysis) represent marginal utilities. I have read about the relationship between the ...
612 views

### separable utility function and cross price effect

Suppose that consumer's utility function for three goods is separable, that is, $U(x_1, x_2, x_3) = f_1(x_1) + f_2(x_2) + f_3(x_3)$ ...(i) where $f_i$ is increasing and strictly concave, i=1,2,3. ...
344 views

### What are the prerequisites to study Mathematical Economics?

I am a high school student with keen interest in mathematics and economics. I wish to study mathematical economics, but most of the books I have encountered begin with quite advanced mathematics. In ...