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The education and application of skills in it is an essential prerequisite for the growth and development of each national economy in the future. Investing in education and skills development are essential incentive for raising the growth and competitiveness of each country and its participation...
Persistent link: https://www.econbiz.de/10012863167
The aim of our contribution is to present an innovative instrument to teach macroeconomics at the undergraduate and master level. We develop a digital learning platform to present and explore some controversies at the very foundations of macroeconomic theory. For this purpose, we explicitly...
Persistent link: https://www.econbiz.de/10011994508
This paper analyses economists' support for the Fair Minimum Wage Act of 2013, by examining the characteristics of almost 1000 economists who signed open letters either supporting or opposing the Bill prior to a Senate debate on the legislation. In contrast to previous work, which found that...
Persistent link: https://www.econbiz.de/10010423757
In the study of Giffen behavior or "Giffenity", there remains a paradox. On one hand, the Wold-Juréen (Demand analysis: A study in Econometrics, 1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit...
Persistent link: https://www.econbiz.de/10012173780
Ist die zunehmende Mathematisierung dafür verantwortlich, dass ordnungspolitische Inhalte immer mehr aus dem wirtschaftswissenschaftlichen Curriculum verdrängt werden? Der vorliegende Beitrag verneint diese Frage. Er plädiert dafür, dass ordnungspolitisch orientierte Ökonomen und stärker...
Persistent link: https://www.econbiz.de/10011786039
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
We show here that the usual textbook declaration that there is no such thing as a "supply curve" for a monopoly can be confusing for students and is at least somewhat misleading. The perfect competition case corresponds to a "one-parameter" demand curve facing the firm; varying that parameter...
Persistent link: https://www.econbiz.de/10014199548
The burden of taxation is usually discussed in terms of elasticity of demand and supply. We show here that, at least for many students, merely using the slopes of demand and supply to yield the same conclusions will be more intuitively satisfying
Persistent link: https://www.econbiz.de/10014199552
These are lecture notes for a first-year graduate course on macroeconomics I taught at Brown University from 1995 to 2002. The notes cover the links between money and prices in the long run; nominal rigidities and economic fluctuations; macroeconomic policy; investment; and unemployment and...
Persistent link: https://www.econbiz.de/10014207737
It is nowadays unquestionable that the defense of the environmental quality and to it safeguards of the natural resources are fundamental slopes of the social development. The exploration of the common natural resources (water, air, soil, natural landscapes and humanized) it has been provoking...
Persistent link: https://www.econbiz.de/10012733373