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This article explores the effectiveness of applying a new multidimensional graphical method to the teaching and learning of economics. In essence, the paper extends the significance of multi-dimensional graphs to study any economic phenomenon from a multidimensional perspective. The paper...
Persistent link: https://www.econbiz.de/10010228348
This article explores the effectiveness of applying a new multidimensional graphical method to the teaching and learning of economics. In essence, the paper extends the significance of multi- dimensional graphs to study any economic phenomenon from a multidimensional perspective. The paper...
Persistent link: https://www.econbiz.de/10013060794
Teaching Dynamic Macroeconomics at undergraduate courses relies exclusively on intuitive prose and graphics depicting behaviours and steady states of the main markets of the economy. But when the case of forward-looking agents and the macroeconomic implications of their actions are discussed,...
Persistent link: https://www.econbiz.de/10012899435
The Cobb Douglas production function is a central element in economic growth theory and Microeconomics. Its popularity in economics stems from certain convenient mathematical properties. Some of these properties describe a set of (partial) differential equations. Although the Cobb Douglas...
Persistent link: https://www.econbiz.de/10013081065
For the past few years there has been a call to raise the Federal Minimum Wage to $15.00 per hour. The purpose of this article is to remind the reader that a wage earner receives the higher of the Federal, State, City, and in many cases the private sector company’s minimum wage. But more...
Persistent link: https://www.econbiz.de/10013235831
Persistent link: https://www.econbiz.de/10013004936
Economics, properly understood, makes sense out the complex web of historical relations that constitute reality, namely by utilizing economic theory. Economics without price theory is not economic theory, and measurement without theory isn't empirically meaningful. However, graduate students are...
Persistent link: https://www.econbiz.de/10012956091
This paper provides a systematic assessment of academic economics teaching, research and policy advice in Germany. It assembles recent empirical studies and contributes by presenting their main findings in a comprehensible manner as well as contextualizing them in the current economic and...
Persistent link: https://www.econbiz.de/10012208662
The new economics of multi-sided platforms involves a number of concepts that are familiar to economists as well as some new ones. This glossary, which is drawn from our book Matchmakers: The New Economics of Multi-sided Platforms, is an attempt to put together the main concepts and to provide...
Persistent link: https://www.econbiz.de/10014034949
Italian Abstract: Elementi di teoria dei giochi necessari ad implementare e risolvere giochi statici e dinamici con informazione completa e incompleta. Particolare attenzione e dettagli di soluzione sono esposti per i giochi bayesiani dinamici con informazione incompleta
Persistent link: https://www.econbiz.de/10014158962