Author Archives: ajakubek

ECON488 – Global Posts 2017-04-17 13:53:53

https://drive.google.com/drive/folders/0B0QOnO2TyKAlZGZSX2FJUjlhU3M?usp=sharing
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#byeforever GDP

http://www.heritage.org/index/
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The Unfortunate Eselessness of most ‘State of the Art’ Academic Monetary Economics

We’ve heard it before: Beware of PhD economists. Don’t ask them too many questions; just let them talk. Let them talk about that one thing they spent 6 years writing a dissertation about, and only that thing. Don’t try to argue, don’t try to think. They’ve already done that. They know it. You know it. […] Continue reading

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The Real Issue in Macroeconomics

The current calculation of the unemployment rate makes me believe that there is no such thing as involuntary unemployment, because the of people who are involuntarily unemployed aren’t even a part of the labor force, thus, they are not included in the unemployment rate calculation. So how can they be unemployed involuntarily if they aren’t […] Continue reading

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How can we fix this?

To fix or to rebuild? There are plenty of obscure economists who have come up with ways to fix macroeconomics. I think of them like the early 2000s emo bands of Economics. It’s our job to listen to them before they air on the radio. It’s our job to take their theories and pick them apart. […] Continue reading

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An Interesting Take on RBC Models

Mankiw throws some New Keynesian perspective into our analysis of RBC models. Good explanation of Walrasian Equilibrium and Classical Dichotomy.
http://scholar.harvard.edu/files/mankiw/files/real_business_cycles.pdf

 
Also, look at how CUTE my do… Continue reading

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An Interesting Take on RBC Models

Mankiw throws some New Keynesian perspective into our analysis of RBC models. Good explanation of Walrasian Equilibrium and Classical Dichotomy.
http://scholar.harvard.edu/files/mankiw/files/real_business_cycles.pdf

 
Also, look at how CUTE my do… Continue reading

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The “Conceptual Framework” of Modern Education

The conceptual framework of modern education is misleading and unhelpful to students. It now seems more prominent than ever, the idea of “being good at school”. It has taken over the lives of students since we entered into the system. We’ve been spoon fed by our teachers and professors. Page limits, word counts, exact specifications. […] Continue reading

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The Fatal Flaw of Rational Expectations

While I believe that expectations are important to include in economic analysis, the belief that people and the economy are rational in tandem is fundamentally flawed. The mathematization of people’s decision making processes is flawed. The mathematization of economics is flawed. The equality between the two: flawed. I know what you’re thinking: If we don’t […] Continue reading

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The Fatal Flaw of Rational Expectations

While I believe that expectations are important to include in economic analysis, the belief that people and the economy are rational in tandem is fundamentally flawed. The mathematization of people’s decision making processes is flawed. The mathematization of economics is flawed. The equality between the two: flawed. I know what you’re thinking: If we don’t […] Continue reading

Posted in econ 488, Student Blogs | Tagged | Leave a comment