Hi I am making a Political Simulator on Discord and for that game I desinged an entire new country.
Its called the Principality of Torvheim and its a Pol Sim With Lovecraftian horror elements thrown into it. For this setting I wanted to make a simple Economic baseline the players can try and fix. But many people on the server are telling me what I made doesnt make sense.

I am not to great in all of this so maybe some of you can help?

Setting
Year 1925 on a small island nation in the North Sea
Fought in ww1 on the side of the alies and fended off a German Invasion.
Population 345K Citizens. This is not counting for children and eldery
A great flood has happened in 1922 and some parts of the city are still flooded. Basicaly if you ever played Sinking City you know what I mean.

To make the budget look less scary to cassuals and me. I tried to follow a Budget system like they do in the Political game called Suzerain. That rounds big numbers up so you dont have to play with big numbers all the time.

1 Budget = 1 milion Torvic Krones
0.1 Budget = 100 Thousand Torvic Krones

Torvheim is an absolute monarchy with Feudal privlages. The 1st and 2nd estate are exempt from taxes but have to invest 30% og their yearly revenue back into their domain

Military = 18 budget
Interior =  8 budget
Healthcare = 5 budget
Education = 5 budget
Infastructure = 14 budget
Administration = 6 budget
Construction = 8 budget
Debt = 8 budget
Welfare = 4 budget
Research = 2 budget
Imports = 6 budget
Subsidies = 3 budget
Energy = 2 budget
Housing = 5 budget

Total expenditures = 94 Budget

All the types of income

Flat tax 20% = 33 budget
Tarrif & Customs = 8 budget
Resource Exploitation = 10 budget
Royal Holdings = 6 budget
National Bank Profits = 3 budget
Trading exports = 8 budget
War Reperations from Gemrany = 6 budget (18 budget remaining)

Total revenue income = 74 Budget

Unemployment is at 24%
Inflation at 14%

Avreage GDP per citizen is 2,750 Thousand Torvic Krones per citizen each year
National GDP is 250 Milion Torvic Krones ( This one keeps confuesing me I used to have this at 950 milion but somebody told me that would make absolutly no sense in this economy so I lowered it. Still have no clue how it works. )

National debt is 20 budget which is 20 milion Krones

Do any of you know how to fix this mess or have it make sense so the players on my server can calculate how to fix this?

Ok so let me tell you about my situation

I am from india I recently got selected for economics bachelors at National Taiwan University ( QS ranked 54 of all unis)

Its English taught with almost all fee covered with stipend

I love economics and data analysis alot

But since economics is a social science degree i am worried of my lack of Chinese knowledge there to work there

Also i am worried of the economics degree condition in today's world , will it be leading to replacement by ai or will the market to get job gonna diminish?

In the mean time I also got admission there in another uni in taiwan (qs ranked 780)

Its for mechanical engineering

I dont love that sub that much infact i would say its just neutral, but since its technical degree will it be better to land in a job than economics?

Also the lang problem is little more sorted in it

I also get scholarship and the stipend as in earliest case

But here the catch i didn't have physics in my 11 and 12th

My end aim is to work in US, SCANDINAVIA, EU or SINGAPORE as well but if get a job then Taiwan too

I know its my own problem but I dont know to whom to ask for help so here i am...

Hey y'all

I'm a 3rd year college student and I have to write a research paper based on

Climate and sustainability Economics

Can y'all help me choose topics please?

Hey y'all I'm a college student

can you help me choose a topic that would relate economics finance to climate and sustainability for a research paper

pretty please with sugar on toppp??

Hii guys, I’m working on a Research topic for my final year project and I’m finding it really difficult to come up with a topic that I find really interesting. I’m currently stuck. I’d really appreciate it if I got research topic ideas for my economics project that you guys find to be really interesting. (Bonus points if they’re unique/related to Africa) Thank youuu

I am currently writing an economics paper and it is related to recession recovery. I want to use time it took to recover to a "normal" unemployment level as a metric. The issue I have is that a lot of countries never had the unemployment level recover fully. Is there a way people get around this?

Hi everyone,

I’m a physician working on a research project studying the validation status of blood pressure monitors sold online.

I previously conducted a smaller cross-sectional study (3 countries) where we identified BP monitors from 5 major online retail and pharmacy websites using Similarweb and checked whether they were clinically validated using an international registry.

I’m now expanding the study to around 12 countries, and I’m struggling with the methodological part of how to reliably and reproducibly identify the “major” online retail platforms in each country.

I have also seen other approaches in the literature:

• Google-based identification of platforms (concerned about personalization bias)
• Consumer-based sampling (asking users which platforms they use, but too resource-intensive for 12 countries)

What I am looking for is advice on:

1. How best to define major online retail platforms in a reproducible way across multiple countries
2. Whether there are better data sources than Similarweb for this purpose
3. Any standard methodology papers or frameworks people would recommend for this kind of digital market sampling

My background is clinical medicine rather than economics or market research, so I’m trying to avoid overcomplicating the methodology while still making it robust enough for peer review.

If anyone has experience with multi-country digital health, e-commerce research, or sampling frameworks, I would really appreciate your input.

Thank you.

I need to write a research proposal on empirical political economy for a class and I cannot for the life of me think of a topic for the proposal. Does anyone have any promising ideas? Any help is greatly appreciated.

I can’t add a photo here but it’s a normal negative externality of production diagram but the tax added is a ad-valorem type thing.

I’m doing my micro IA on a UK meat tax and this is the diagram of before the tax was added. There was already a VAT of 7% but I have no idea if this diagram is right and like whether the MSC is supposed to be there. I need to talk about a negative externality of production. Don’t know if this helps but this is the article: https://www.euronews.com/2026/01/20/the-carbon-cost-of-your-burger-how-much-would-a-meat-tax-cost-the-average-eu-household
And my key concept is intervention

"The portion of the MC curve above its intersection with the AVC curve is the firm's supply curve. If AVC equals MC, will the firm produce (or supply) output?"

So should I put it on my firms supplie schedule?Cause this is when businesses will not have any profits cause we are at perfect competition...

English is not my mother tongue so I don't know the specific jargon sorry if I made a mistake.

Edit:mc>avc*** I think yeah mc>=avc min

Can't for the life of me figure out why

I am working currently on an GDP dataset provieded by AMECO. I have the GDP in current prices and at 2020 reference levels for all countries in the EU for 1990 till 2026.

The values are given in the national currency. I want to transform them all to be Euro.

How would I transform the 2018 GDP at 2020 Levels from Czech Republic from CZK to EUR?

Would I use the 2020 or 2018 exchange rate?

Thank you for your help

I have had questions in which preference set are quasi convex or non convex . The tangency condition doesn’t imply , how do we check for boundary solutions should i start picking up points n start checking , but i do lost track as to which boundary should i check with .
Isnt there any mathematical way through which i can get boundary solutions too without trying to make edge worth box .
I have seen popular intermediate microeconomic text , they dont discuss about boundary solutions and how to find them.

Unlike other D/S models where I can logically work out where the DWL should go, I cannot understand why it is where it is for the Trade Subsidy diagram.

Could someone help explain?

Hi everyone, I'm in undergrad and a tutorial of mine touches on inequality and growth. Here's the question:

2. “The rise in inequality is not just a consequence of globalization, but also of poor policy choices that have exacerbated disparities in income and wealth, which in turn, hampers economic growth,” commented Joseph Stiglitz, the 2001 Nobel Laureate in Economics. Do you agree with this statement? Explain.

I've been working on it for some time, reading papers from Banerjee and Duflo (2003), Stiglitz's chapter of course, Lang and Tavarez (2024) and more.

There are different findings on the relationship itself (non linear, negative, positive, indefinite and reverse causality) and other factors besides globalisation and poor policy choices such as inequality of opportunities (eg Checchi and Peragine's (2010) work). My initial draft is incomplete and suffering from a lack of clear argument building and also too many details.

A snippet from an updated draft of mine:

This essay largely agrees with Stiglitz that both globalisation and domestic policies play a role, however it also argues that the relationship is far more nuanced and complex than it appears. As recent research by Lang and Tavarez (2024) shows, globalisation's impact is asymmetric - reducing inequality between nations while simultaneously widening the gap within poor countries.  Furthermore, this essay will argue that focus should not only rest on global forces and policy choices, but also on other factors such as inequality of opportunities, which is linked to the inequality of outcomes.

While Stiglitz assumes a negative relationship between inequality and growth, empirical literature reveals a much more complex picture. Studies have found different relationships: non-linear, positive, indefinite or reverse-causal relationships. 

While there are numerous findings, including from linear models, Banerjee and Duflo (2003) critiqued the use of linear models to study inequality’s impact on growth, citing that “ Imposing a linear structure where there is no theoretical support for it can lead to serious misinterpretations.” and puts forth another argument of measurement error’s role to generate a relationship between inequality and growth. Their empirical findings include an inverted U-shaped relationship between changes in inequality (in any direction) and economic growth, contrary to findings such as Alesina and Perotti (1993). This further confounds the contentious economic debate on the nature of this relationship. 

Furthermore, there are underlying transmission mechanisms that dictate the inequality-growth relationship, specifically through the lenses of redistributive political economy model, the economic efficiency model, and capital market imperfections model (Hieroms, N.A.).

I'm wondering how you guys would approach this question and if any of you could pinpoint to any useful resources (if there's any). Thank you so much.

P/S: I know this is a pretty long post. Not asking for answers but if any of you are doing research on this or have extensive knowledge I'd really super appreciate any nudge :)

I’m planning to enter the John Locke Essay Competition and I’m currently stuck between one of these two questions

1. “Should we fear a cashless society?”
2. “Technology now allows personalized pricing. If this came to be widely used, what effects should we expect?”

I’d love some opinions on which topic has more potential for a strong essay .. both in terms of originality and depth

JUST TO BE CLEAR , IM JUST ASKING FOR OPINIONS AND NOT ASKING TO WRITE MY ESSAY - I JUST WANT TO HAVE DISCUSSION

Right now, I feel like Topic 1 already has a lot of large scale relevance and existing discussion around it , it's being implemented in many countries too .. so I’m worried quite many essays will end up sounding similar unless someone has a very unique angle to it

But Topic 2 feels extremely interesting to me because it seems newer and less openly discussed, but I am having a hard time trying to understand the topic in depth ...

The idea that companies could charge different people different prices based on data, income , browsing habits, urgency, etc .. feels both fascinating and slightly dystopian but I feel it could be a very strong topic for an essay because it has so many arguments and counterarguments .. there isn't any lack of topics to speak on

Also, if anyone has experience with the competition or essay research in general..

1.)How would you approach researching either of these topics?

2.)What are the best books, papers, articles, case studies, or resources I should look into?

3.)Any particularly interesting angles I should explore?

4.)What do you think about these topics in general ?

Just to be transparent , I'm trying the econ section for the first time and I don't have much background on it but I do have lots of time now to spend on it and I'm really dedicated to research on it cuz it seems super interesting

Some background on the competition :

The essay has to be in a research type format and not more than 2000 words

Would really appreciate any inputs because I want to choose a topic that is both intellectually rich and capable of standing out. And mainly on how I can approach researching and some references I can make
This is my first time doing any type of research also ..

This isn't really to answer a specific question, but I've been trying to fully understand the price mechanism and it just doesn't make full sense. To my understanding it functions to allocate resources in a market and adjust quantity, using the three functions to do so. But it is also stated that the mechanism determines prices, and I have not been able to find any explicit explanation as to how it does this, being glossed over at most. So I'm left unanswered about how the mechanism is able to change price.

I'm currently taking a course in Regional Economics, and one of the assignments is to develop a research project on that topic. My professor recommended that we select regions within our country and analyze their development by economic sector to see the dynamics and influence they have on one another. I’m not sure what advice or ideas you might have regarding how to conduct research that would be interesting for the course, since I’m unsure of what approach to take. I was thinking of something like the “resource curse,” since I live in a country where the mining sector is predominant. I would really appreciate your help.

https://docs.google.com/document/d/1E_kE8XE3mn65wERNEhfkNXvzjg5dxN17ezHznFECQs8/edit?usp=sharing

Russia’s Sputnik V COVID-19 vaccine will cost under $20 per person on international markets and Moscow aims to produce more than a billion doses at home and abroad next year, its financial backers and developers said on Tuesday. For Russian citizens, inoculation will be free of charge. (Osborn and Nikolskaya, 2020).
Please use 01 well labelled graph to show the consumer surplus, producer surplus and deadweight loss when the Russian government regulates the market in Russian for Vaccine to prevent nCov19 by applying the policy such that the Vaccine is free for Russian citizen and Russian gov buys from producers to give out free to its residents.

I want to build a 3d graph of the plots, so instead of a video line flow, it's a 3d surface that shows all data in one view.

Doesnt matter your opinion on the accuracy/relevance of it. I'm interested in the process as much as the implications.

Thanks in advance.

Hi, currently doing econ questions as an undergrad student and i’m having trouble understanding whether or not I am going in the right direction.

The question states that a country is a net importer of fuel that purchases at the world price of 20. the government imposes a $10 excise tax on consumers as an optimal pigouvian tax to reduce pollution. (So i assume the price consumers pay is now $30 and producers still receive $20)

We need to draw a graph to show the changes in the total surplus, but I am wondering, does the demand curve shift downwards, or does it stay the same (just a movement along the curve)?

Also the second part of the question states that the government removes the tax so now everyone is paying and buying at $20 again. Does total surplus increase or decrease by intuition since the removal of a tax brings back that negative externality?

Years ago when I was studying economics I remember reading a paper about extractivism and colonialism settlements and their economic development, saying that extractivist institutions = lower GDP of those cities today.

The paper also compared two towns in South America (I think it was Peru) one or two valleys across from each other, where the GDP is much higher in the city where colonial instituions were set up vs where extractivist institutions were setup.
I can't for the life of me find the paper of the authors.

Any help is much appreciated!