Hi Everyone,
This post continues from Collection of Works (Part 1). The categories included in Part 2 are as follows:
I have written quite a few posts relating to economic theory. Most of these posts focus on explaining the economic theory as well as how the theory is applied to the real world. Economics is often taught in a way that is detached to the real world and I have attempted to close the gap with several of these posts. Economic theories also tend to be interlinked. On most occasions when I discuss a theory, knowledge of another theory is required.
Economics Basics - Utility and Choice
Economics Basics - Cooperation and Specialisation
Economics Basics - Time vs Quantity
Demand and Supply - Part 1 Partial Market Equilibrium
Demand and Supply - Part 2 Demand and Supply from an Individual's Perspective
Demand and Supply - Part 3 Demand and Supply from a Firm's Perspective
The Different Types of Economic Efficiency
Economic efficiency explained in video
Economic Concepts #1 - Utility
Economic Concepts #2 - Specialisation
Economic Concepts #3 - Substitutes vs. Complements
Economic Concepts #4 - Auctions
Economic Concepts #5 - Demand, Supply and Equilibrium
Economic Concepts #6 – General Equilibrium
Economic Concept - Demand and Supply (Video)
Economic Concepts - Complements and Substitutes Explained
General Equilibrium Theory - Understanding the Basics
Economic Concepts #7- Indifference Curves
Economic Concepts #8 - Giffen Goods
Specialisation - Comparative Advantage
Economic Concepts #9 – Price elasticity of demand
Economic Concepts - Auctions (Video)
Economic Concepts - Giffen Goods (Video)
Difference between Macroeconomics and Microeconomics
Economic Concepts #10 – Marginal Utility
Economic Concepts #11 - Externalities
Economic Concepts #12 – Opportunity Cost
Economic Concepts #13 – Commodity Bundling
Economic Concepts #14 – Price Discrimination
Will we always have a market for lemons?
Externalities Explained (Video)
Price Discrimination (Video Version)
Commodity Bundling (Video Version)
Utility Production and Consumption
I have attended close to a dozen conferences. Mostly of these conferences were held in Australia. I attended one in Frankfurt, Germany. I enjoy presenting at conferences but it has been awhile since I have attended one. I think the last one I attended was in Melbourne in 2016. My papers focus on transport economics and CBA.
How the results of a cost benefit analysis (CBA) are influenced by assumptions
Does induced demand erode project benefits
Higher operating speeds from improved infrastructure might be causing more fatal accidents
Economics Model (Transport Multi-modal) Presented at ARRB Conference 2014
Cost Benefit Analysis of Upgrading Rural Bridges (2014 European Transport Conference)
Cost Benefit Analysis - Program Evaluation (25th ARRB Conference)
Cost Benefit Analysis - Program Evaluation Case Study (Australasian Transport Research Forum)
Cost Benefit Analysis - Dealing with capacity constraints
Cost Benefit Analysis - Approach to Flood Immunity Projects and Programs (ATRF Conference Paper)
My Peer Reviewed Conference and Journal Papers
Advanced Methods of Evaluating Benefits from Improved Flood Immunity in Queensland
Proposed Changes to the Cost Benefit Analysis Decision Criteria for Road Projects (Full Version)
Road Program Evaluation: Assessing the Bigger Picture
Dealing with Projected Capacity Constraints in Road Project Appraisals
The Bruce Highway Action Plan Program Evaluation
The Bruce Highway Action Plan Program Evaluation (Appendices, End Notes, and References)
Calculation of Transport Mode Shift in the Absence of Complex Transport Models
Upgrading Rural Bridges for Improved Freight Efficiency
How Assumptions Influence the Results of a Cost Benefit Analysis
I have always enjoyed playing around with spreadsheets. I have developed over a dozen spreadsheets/models used for economic analysis. Unfortunately, I am unable to present these models, as I do not legally have the rights to them. I have used screenshots from some of these models in some of my posts before. I have developed an excel-based game that I call ‘life choices’ and I have made some videos and posts about this game.
Life Choices - an economics excel-based game
The Excel-based Game 'Life Choices' Explained
I have also designed a ‘Social Economic Utility Analysis’ Model. This model can be used to compare the relative utility someone can obtain from various choices regarding usage of time. A person could spend more time working to accumulate more money in an attempt to improve quality of time away from work. A person may choose to work less and try to obtain more value from activities that do not involve much money. The results shown by the model depends on how much someone enjoys their work, what activities they enjoy in their free time, existing wealth and several other characteristics.
Quality of Life as Quality of Time
Social Economic Utility Analysis (working title) Algorithms
Social Economic Utility Analysis (working title) Model
Social Economic Utility Analysis Model (Video)
How often do you want to succeed?
I have many posts dedicated to cost benefit analysis (CBA). When I worked in Government, conducting and reviewing CBA was a critical part of my job. I thought I would take the opportunity to share my knowledge. My posts look at both theory and application.
Cost Benefit Analysis Discount Rate
Cost Benefit Analysis Assumptions
Social impact evaluation an integrated-approach to project evaluation
Integrating social impact evaluation with cost benefit analysis
Cost benefit analysis criteria for decision making
Cost benefit analysis sensitivity analysis
Cost benefit analysis sensitivity analysis excel model project output sensitivity tester post
Cost Benefit Analysis – Basics
Economic concepts - cost benefit analysis steps involved
Content to be included in my CBA Udemy Course
Cost Benefit Analysis Udemy Course
Outline of a possible Cost Benefit Analysis Framework for Covid-19 Vaccines
In my market structure series, I described and explained 6 different market structures. I explained these over 14 posts, 7 written posts and 7 videos. The videos supported the content in the written posts as well as provided my audience with an alternative medium to experience my content. The written and video series also included introduction posts that provided a broad overview of the content.
The series explained the theory as well as the application of these market structures to the real world. The oligopsony market structure was explained in the context of Steem. As Steem, with its stake-based voting system, resembles a market structure with many sellers but very few buyers (i.e. users receive most of their post payout from just a few users/buyers).
The real world application of market structures is an important area that readers, both economists and non-economists, should understand. As the type of market structure adopted determines who has the greater influence over price and quantity as well as who takes away the most surplus. Oligopoly and monopoly benefit the sellers whereas perfect competition and monopsony benefit the buyers. The entire series can be accessed using the links below.
Market Structure #1 - Introduction
Market Structure #2 - Perfect Competition
Market Structure #3 - Monopolistic Competition
Market Structure #4 - Oligopoly
Market Structure #5 - Monopoly
Market Structure #6 - Monopsony
Market Structure #7 – Oligopsony (Is Steem an oligopsony for content creators?)
Introduction to Market Structure - Video Series
Market Structure (The Video Series) - Perfect Competition
Market Structure (The Video Series) - Monopolistic Competition
Market Structure (The Video Series) - Oligopoly
Market Structure (The Video Series) - Monopoly
Market Structure (The Video Series) - Monopsony
Market Structure (The Video Series) - Oligopsony (Is Steem an oligopsony for content creators?)
An economics account on Hive would not be complete without a section or series on macroeconomics. I consider myself more of a microeconomist but I also realise it is important to understand macroeconomic concepts and application. Macroeconomics is also where the most amount of manipulation takes place. I will, over time, be expanding on this series.
Macroeconomics - Fiscal Policy and Monetary Policy
Macroeconomic - Fiscal Policy and Monetary Policy Dtube Video
Bill and Melinda Gates Foundation Discovery Centre Seattle (Video)
Trade, money, debt, waste, and power
Technology – Curse or blessing?
Less jobs vs less working hours – Further discussion about efficiency and technology
Is Brexit actually going to happen?
Will Brexit unite the Commonwealth?
A Few Thoughts on the Importance of Competition and Markets
Accessing the Potential of Technology
UK General Election Results (2024)
I put together a series of posts that investigated the impact of the Covid-19 pandemic. The series focused on the social, economic and financial impact of the virus and measures used to combat it for the short, medium, and long run. The original 8 Part series was written in April 2020. Therefore, the analysis was conducted during the pandemic. At that point, there were unknown factors relating to the true nature of the virus as well as the full extent of the damage caused by the virus. Covid-19 will be revisited when more information is available or it has run its course.
Covid-19 – Part 1: Identifying the threat
Covid-19 – Part 2: We live in a fragile world
Covid-19 – Part 3: Predicting the impact economic forces will have on prices of goods and services
Covid-19 – Part 4: Government Intervention
Covid-19 – Part 5: Possible impact of Government Intervention on the economy
Covid-19 – Part 6: Expected Social Costs
Covid-19 – Part 7: Winners and Losers
Covid-19 – Part 8: The road ahead
Summary of Spectrumecons Covid-19 Series
My summary and opinions regarding ‘The Great Reset’ – Part 1: Introduction
My summary and opinions regarding ‘The Great Reset’ – Part 4: Micro Reset
My summary and opinions regarding ‘The Great Reset’ – Part 5: Individual Reset
My summary and opinions regarding ‘The Great Reset’ – Part 6: Conclusion
My Concerns about the Covid-19 Vaccines
A Peripheral look at the Great Reset and Fourth Industrial Revolution
Summary of the Vaccine Death Report
The fall of Australia plus my experience prior to the fall
Covid-19 Assault: Have the Establishment made the Right Moves? (Part 1)
Covid-19 Assault: Have the Establishment made the Right Moves? (Part 2)
Covid-19 Assault: Have the Establishment made the Right Moves? (Part 3)
Covid-19 Crimes and Vaccine Fraud
This series never really got going but I am still considering revisiting it at some point. When I first joined YouTube I made some videos where I analysed income and inequality in several different countries (mostly focused on OECD countries). On Hive, I created posts containing these videos.
Top 16 highest earning countries
Top 10 countries OECD with the fastest growing income inequality
In which OECD country can you earn the highest income per hour?
Economics is everywhere is a series that takes a look at how economics is literally all around us in our daily lives. This series contains both videos and written posts. This series mostly targets people who are less familiar with economics but are interested to know more about how economics affects them.
Economics is Everywhere #2 - Supermarket
Economics is Everywhere #3 - Going on a Date
Economics is Everywhere #4 - Working Out
Economics is Everywhere (Dtube Video)
Economics is Everywhere #2 - At the Supermarket (Dtube Video)
Economics is Everywhere - Even on a date
Economics is Everywhere - Going on Holiday (Part 1)
Economics is Everywhere – Going on Holiday (Part 2)
To be continued in Part 3 - Collection of Works (Part 3)
If you want to read any of my other posts, you can click on the links below. These links will lead you to posts containing my collection of works. These posts will be updated frequently.
I have launched my first Udemy course ‘Economics is for Everyone’. The course focuses on how economics affects everyday people, the decisions they make and how they interact with the world around them. The course contains 24 video lectures (about 4 hours of viewing), 64 multiple-choice questions (3 at the end of most lectures), 32 downloadable resources (presentation slides, additional notes and links to relevant Hive posts), and 2 scenario questions. The course is currently free-of-charge. Click the link above to access the course.
