An overview of multiple regression, its definition, and its significance in economics.
An economics term relating an initial change in spending to the total change in economic activity which results.
An examination of the multiplier–accelerator model, which explains economic fluctuations through the interaction of the multiplier and the accelerator.
An exploration of statistical techniques used to analyze more than one variable simultaneously.
Medium-Term Financial Strategy (MTFS) is a policy adopted by the UK government in 1980 aimed at controlling inflation through long-term reductions in government borrowing and money supply growth.
Study of land on the margin of cultivation in economic terms.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Moment-Generating Function" 6date: 2023-10-05 7description: "Definition and import of moment-generating function in economics" 8tags: ["statistics", "econometrics", "mathematical economics"] 9--- 10 11## Background 12 13In probability theory and statistics, the moment-generating function (MGF) is a useful tool utilized to derive moments, such as mean and variance, of a random variable. It is analogous to the characteristic function and serves as an alternative way to describe the distribution of a random variable.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Maastricht Treaty" 6date: 2023-10-05 7description: "A treaty concluded in 1993 between members of the European Community that significantly shaped the formation of the European Union and set out the program for the European Monetary Union (EMU) and the creation of the European Central Bank." 8tags: ["Maastricht Treaty", "European Union", "European Monetary Union", "European Central Bank", "convergence criteria", "Social Chapter"] 9--- 10 11## Background 12 13The Maastricht Treaty, officially known as the Treaty on European Union, was a pivotal agreement signed in December 1991 and officially enacted on November 1, 1993.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Mark-up - Definition and Meaning" 6date: 2023-10-05 7description: "The excess of the selling price of a product over the cost of making or buying it." 8tags: ["economics", "pricing", "profit margin"] 9--- 10 11## Background 12 13Mark-up refers to the difference between the selling price of a product and the cost of producing or procuring it. It represents not only the profit margin the company aims to achieve but also must account for covering overhead and operational costs.
--- meta: date: false reading_time: false title: "Market-Maker" date: 2023-10-05 description: "Definition and meaning of a market-maker in the context of goods or securities markets." tags: ["economics", "market-maker", "liquidity", "trading"] --- ## Background A market-maker is a crucial entity within financial markets, facilitating liquidity and ensuring smoother trading operations by buying and selling securities or goods from their inventory. They essentially act as intermediaries, bridging the gap between buyers and sellers.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Markov Chain" 6date: 2023-10-05 7description: "A stochastic process described by a finite number of states with transition probabilities depending only on the current state." 8tags: ["stochastic processes", "probability", "economics", "statistics", "Markov chain"] 9--- 10 11## Background 12 13A Markov chain is a type of stochastic process that deals with sequences of events or states. In a Markov chain, the probability of transitioning to a particular state depends only on the current state and not on preceding states.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Marshall Plan" 6date: 2023-10-05 7description: "A large programme of US aid to assist recovery of the European economies from the effects of the Second World War." 8tags: ["Marshall Plan", "US Aid", "European Recovery", "Post-War Economics", "World War II", "George C. Marshall"] 9--- 10 11## Background 12 13The Marshall Plan, officially known as the European Recovery Program (ERP), was a comprehensive program of economic aid initiated by the United States to assist European nations in rebuilding their economies following the devastation of World War II.
