WASHINGTON — Cecilia Rouse, one of President Biden's top economic advisers, almost didn't take economics at all.
She arrived at Harvard in the fall of 1982 from Southern California with wide-ranging interests including classical flute, Israeli folk dancing, and the music of Prince — but economics initially wasn't one of them.
Then she signed up for Ec10 for just one reason: Her mother told her to take an economics course. The first semester of abstract microeconomics lectures in musty Sanders Theatre was uninspiring.
What can COVID-19 teach us about economics?
The COVID pandemic has taught us a lot about public health, but there have also been plenty of lessons about economics. After all, economics is the study of maximizing well-being in the face of trade-offs. So economists had much to contribute to debates about lockdowns, global trade, and FDA regulations. And now, by thinking critically about the past 18 months, the rest of us can learn a lot about the discipline of economics.
Pethokoukis: This book is meant to introduce people to economics by applying it to the pandemic. So for starters, what do you think most people commonly misunderstand about economics?
Building Main Street, not Wall Street: Economics Impact on Local Communities | Business |
This quote isn't only directed at each American, it is even more critical businesses and communities understand this as well. I am going to stray slightly this week from the micro level of our local communities to the macro level of our nation, a level that highly impacts each of our communities regardless of size. Let's discuss inflation, product shortages and labor costs and how that will impact local communities moving forward.
In Econ 101, the topic of the law of "supply and demand" is often taught and discussed. The concept of "supply and demand" is usually what dictates the price we pay for goods. As we have seen over and over since the dawn of civilization, when demand outpaces the available supply, prices will escalate. Inversely, when the demand falls, prices will tend to fall and equalize over time as well. This makes sense and most people understand this basic concept.
Economics for disaster prevention and preparedness in Europe | PreventionWeb.net
Disasters can have devastating physical, social, and financial effects. In the past decade, Europe has seen major floods and earthquakes, while images of people seeking relief from record-breaking heatwaves are becoming commonplace. Between 1980 and 2020, natural disasters affected nearly 50 million people in the European Union, and caused on average an economic loss of €12 billion per year. Intensity and frequency of disasters is expected to grow as a result of climate change.
Logan Mohtashami on housing market economics - HousingWire
In this Housing News episode, HousingWire's Editor in Chief Sarah Wheeler interviews Logan Mohtashami, HousingWire's lead analyst, to discuss how the housing market performed despite impacts from the COVID-19 pandemic.
Additionally, Mohtashami dives into his most recent HW+ article that asks: should Americans buy a home in a super-hot housing market?
Some Economics of James Buchanan
The Fraser Institute has been publishing a " Essential Scholars" series of short books that provide an overview of the work of prominent thinkers, including John Locke, David Hume, and Adam Smith in the past, and Friedrich Hayek, Joseph Schumpeter, and Robert Nozick from more recent times.
Buchanan took this distinction so seriously that, as I'll discuss below, he proposed renaming the field of economics to highlight it. When thinking about people coming together to take joint actions, whether they are buying and selling in a market, or starting a company, or operating together through government, Buchanan insisted on viewing the process not as actions taken by "the government," but rather as the outcome of negotiations by groups of individuals.
Lyman Hall valedictorian an accomplished athlete with passion for economics
WALLINGFORD — When Lyman Hall High School valedictorian Ellery Campbell was in seventh grade, she wrote a letter in health class to her future self.
Campbell, 18, recently read the letter, and discovered that she had hoped she would finish top of her class, do great in the annual powder puff game and be packing her bags for Brown University.
She shared what she wrote Friday, saying she had forgotten about the letter's reference to Brown, where she plans to attend this fall and study economics.
Real World Economics: Flawed logic in GDP-debt debate – Twin Cities
We are sailing our economy through uncharted waters. Moreover, these waters are not the serene southern Pacific seen by early European explorers. Rather, they are treacherous ones replete with rocks, shoals, unknown currents where howling storms can spring out of nowhere.
When facing such unknowns, sailors must ensure that compass and radar are accurate and trustworthy.
Applying that metaphor to our economic situation means using economic insights best supported by theory and history.
'New tax regime in line with changing economics'
Happening on Twitter
'I want nothing more than to find justice, though it won't bring you back into my arms,' his mother told mourners d… https://t.co/xGmIsMoKii nypost (from New York, NY) Mon Jun 07 19:30:00 +0000 2021
The scream my mother let out when I called her yesterday and told her we going to Tokyo lol I love that woman bad 😩🤗 Leeahye (from Everywhere) Sun Jun 06 19:27:34 +0000 2021
No comments:
Post a Comment