The Queen of England famously asked her economic advisers why none of them had seen "it" (the global financial crisis) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the postwar period - from the "Age of Keynes" through the...

This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...

Women are underrepresented in economics. This underrepresentation concerns undergraduates, postgraduates, and tenured academics and increases as one climbs the academic ladder (See e.g. Ginther & Kahn 2004, Fraumenti 2010, 2009, Rask & Tiefenthaler 2008, Toivanen 2009).This paper proposes a...

This paper describes the place of econometrics in undergraduate economics curricula in all American colleges and universities listed in US News and World Report “2010 Best Colleges” guide that offer economics majors. Data come from online catalogs, departmental web sites, and online course...

This case examines the issues surrounding the expansion of utility services for a Florida city. Students are required to examine alternative financing options available and the economic impact and hardship that citizens from different regions of the city will potentially bear under alternative...

The main purpose of this article has been to offer a purely academic overview of all the truly significant economic, political and legal relationships that are directly associated with the institutional parameters of economic growth and have already been recognized in modern economics

This paper proposes that the global financial and economic crisis has a single cause underlying all other causes. The single cause is attributed to the economic paradigm which drives individual behaviour, business, government and education. We define the economic paradigm and explain its power...

At many large universities it is conventional to deliver undergraduate introductory economics courses in a large lecture hall. However, not surprisingly, casual empiricism suggests that rates of student absenteeism are significantly greater in a large lecture format than in a smaller classroom...

Does an economics education affect an individual's behavior? While it has been shown that choices made by those who have studied economics are different, what is unclear is whether differences in behavior are, in fact, due to the education or simply reflect the fact that those who choose to...