Understanding Rounding Error in Economic Calculations and Models
An economic association formed in the UK in 1890 promoting the study of economic science.
A retail price index excluding mortgage interest payments, contrasted with the UK's retail price index (RPI) which includes mortgage interest.
Rules applied in free-trade areas to determine whether goods qualify for duty-free admission.
A comprehensive overview of the historical and economic significance of the 'Rules of the Game' under the gold standard.
Explanation and implications of rules-based policy in economics.
An assessment of income generated by a portfolio as a percentage of its current market value.
A proposition concerning the effects on output in a two-good, two-factor economy resulting from an increase in one factor of production.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Rate of Return" 6date: 2023-10-05 7description: "The increase in the value of an asset expressed as a proportion of the asset’s initial value over a given time period." 8tags: ["Rate of Return", "Investment", "Financial Metrics"] 9--- 10 11## Background 12 13The concept of **Rate of Return** plays a pivotal role in economics and finance, forming the basis for evaluating the effectiveness of investments.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Retail Banking - Definition and Meaning" 6date: 2023-10-05 7description: "Overview of retail banking encompassing transactions with the general public and distinguishing it from wholesale banking." 8tags: ["retail banking", "banking", "financial institutions"] 9--- 10 11## Background 12 13Retail banking, also known as consumer banking or personal banking, is a division of banking that deals directly with individual customers and small businesses. It provides a myriad of financial services tailored to meet the needs of this demographic.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Retained Earnings" 6date: 2023-10-07 7description: "The part of company profits which is not paid out in taxes or dividends, but is reinvested back into the business." 8tags: ["Finance", "Accounting", "Corporate Finance"] 9--- 10 11## Background 12 13Retained earnings refer to the proportion of net earnings that a company keeps to itself, rather than distributing it among shareholders as dividends. This retained portion is utilized by the company to reinvest in its own operations, finance new projects, or improve its balance sheet.
