Friday, 30 November 2012

Common Agricultural Policy Part 2 - Declining Farm Incomes

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The next thing the CAP aims to eradicate is declining farm incomes. These are mainly caused by two things: low income elasticity of demand a...

Statistics - The Normal Probability Distribution

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This post will bring in an application of standard deviation. It can help give us units to measure distances between points in a data set as...
Tuesday, 27 November 2012

Common Agricultural Policy Part 1 - Price Fluctuations

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The Common Agricultural Policy is a massive deal in Europe and the European Union. It's a very expensive policy that started out back in...

Statistics - Measures of Dispersion

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The first measure of dispersion of data we'll mention is the range. The range is the difference between the highest value and the lowest...
Monday, 26 November 2012

Statistics - Measures of Central Tendancy

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By the end of this post I hope that you'll be able to characterise a data-set with one piece of information  and more importantly briefl...
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Friday, 23 November 2012

Statistics - Introduction

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*Disclaimer: I have a statistics test coming up soon, so expect the next few blog posts to be all statistics related. I'll be getting ba...
Wednesday, 14 November 2012

Principles of Economics: Profit Maximisation (Microeconomics)

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Today's post will look at the profit maximisation for a firm. There really isn't that much too this, but I'll dedicate a post to...