Economy in Black & White: Digital Diary: 2023: A

04 January-2023

 Market failure occurs when there is a state of disequilibrium in the market due to market distortion. It takes place when the quantity of goods or services supplied is not equal to the quantity of goods or services demanded. Some of the distortions that may affect the free market may include monopoly power, price limits, minimum wage requirements, and government regulations. 
https://corporatefinanceinstitute.com/resources/economics/market-failure/ 

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Graph Database Fundamentals
Graph database structures are useful when the relationships between data are as meaningful and complex as the data itself. In this course: - Explore graph database structures - Apply the Cypher language to query graph databases - Practice basic Cypher queries to solve connected data problems 
https://corporatefinanceinstitute.com/course/graph-database-fundamentals/ 

Applied Math Practice for Financial Advisors

This course has example-filled lessons that are meant to help refresh your memory of concepts related to the time value of money and annuities. ● Apply time value of money concepts to retail banking and financial planning situations ● Calculate returns on deposits and costs on loans with and without compounding ● Calculate annuities related to mortgages 

https://corporatefinanceinstitute.com/course/math-for-financial-advisors/ 

Data Analysis in Excel

Become an expert at applying Excel for data analysis: • pull and visualize insights from your data using data analysis tools • apply best practices for data structuring, analysis, and visualizations • discover modern Excel functionality like dynamic array formulas, linked data types, and more. 

https://corporatefinanceinstitute.com/course/excel-data-analysis/  

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The Keynesian and Classical Models of the Economy

Economists use two major types of models to describe the economy. They are the Classical Model and the Keynesian Model. The former was created by Adam Smith way back on March 9, 1776, when he published The Wealth of Nations. The latter was created by John Maynard Keynes (pronounced Canes) in February of 1936 when he wrote The General Theory of Employment, Interest, and Money.

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What are the main differences between classical and Keynesian theories?

The first main difference between classical and Keynesian theories is that classical theory believes in less government assistance. A second difference is that classical thought focuses more on inflation while Keynesian thought focuses more on unemployment. A third difference is that classical thought concerns itself more with the long term, while Keynesian thought concerns itself more with the short term. 

https://study.com/learn/lesson/keynesian-model-vs-classical-model-economics-overview-differences.html 

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