Charts can be your best friend in understanding the world. They can also be your worst enemy. One of the Proprietor’s pet hates is ‘analysts’ putting a metaphorical magnifying glass over a chart and attempting to rationalize any little up or down that might occur. Or seeing relationships during part of the chart sample that […]
Stylised (Stylized) Economics Charts in Python/Matplotlib: Part 1 Read More »
We don’t forecast anymore at Practical Economics. We learned the hard way that we were not very good at it. Nevertheless, State and Territory Treasuries must undertake the unenviable task of reading the tea leaves. Growth in real (constant price) Gross State Product (GSP) is a key measure of the health of a State or
Australian State and Territory Quarterly Gross State Product (GSP) Read More »
Early on in the Proprietor’s career in the Commonwealth Government we examined a request for a Wholesale Sales Tax (WST) reduction for camper trailers (See the Australian definition here). Attached to this request was a large multiplier showing how the Australian economy would expand several times the size of the WST cut. We can’t remember
The Difference between Input-output Multipliers and Keynesian Multipliers Read More »
Back in October 2012 when Disney purchased LucasFilm it stated: Acquisition continues Disney’s strategic focus on creating and monetizing the world’s best branded content, innovative technology and global growth to drive long-term shareholder value. https://thewaltdisneycompany.com/disney-to-acquire-lucasfilm-ltd/ So let’s see how Disney performed against its own objectives. Deadline Hollywood published its estimated profit to Disney/LucasFilm for The
Disney Star Wars Finances – Final Results after The Rise of Skywalker Update. Read More »
As we write this, due to the Wuhan/Coronavirus the Australian Football League teams were playing matches in front of no spectators over a shortened season before the league was delayed entirely. The Western Australian Football League has been delayed until June, while junior training and games in Western Australia were also cancelled until June. We
A comment by John in response to our Star Wars Finances reads: Would you be able to estimate about how much more revenue Disney expected to make by this time since their purchase of Star Wars? Well, we can, but we need to move from guesswork to complete wild speculation. Why not we say? We’ve
Star Wars – The Finances Update Read More »
[Update: the original post had Deadline Hollywood’s estimate of Rogue One’s profits at US$419 million. The correct figure is US$319 million. The calculations in the article have been revised to reflect this.] One of the Proprietor’s favorite procrastination outlets is listening to Star Wars YouTubers carrying on about how Disney has wrecked the franchise. Lucasfilm President
Disney Star Wars – the Finances Read More »
You’ve now installed Anaconda/Python and Pyomo. What do you do now? This post gives you the very basics of running Python in terms of line by line code in the IPython Console and running a file from the Editor window. It is not a full tutorial on Python. There is so much excellent information available
Getting Started in Python/Anaconda Read More »
OK, maybe not the only software you’ll ever need, but only maybe. At least it’s all you need to implement any Practical Economics analysis provided on this blog. It’s what we use. If anything extra is required for anything we post we’ll let you know how to install it at the time. What is Python?
Hello and welcome to Practical Economics. Practical Economics is about helping the practically orientated economists solve hard real-world problems. Or maybe that’s the occasional impossible problem. Perhaps even create the odd miracle. You know the feeling. You’ve been asked whether a policy proposal “gives net economic benefits” or maybe “can’t you just model that”. Problem
Welcome to Practical Economics Read More »
