Category Archives: Student Blogs
Going Global
One thing that we should consider as we revise each of our sections (I made this point earlier today but I think this is a better example) – how do the purposes of macro theory intersect, and what are the consequences of failure in one area? This article I think makes an interesting point in that […] Continue reading
At a Glance
Advances in technological firms have opened the opened a large sum of Americans to a vast amount of information. Since the 90s the labor force participation rate has been steadily decreasing. In 2013 “According to BLS projections, 15.1 million men will have left the labor force by 2022, resulting in a labor force of 86.9 […] Continue reading
At a Glance
Advances in technological firms have opened the opened a large sum of Americans to a vast amount of information. Since the 90s the labor force participation rate has been steadily decreasing. In 2013 “According to BLS projections, 15.1 million men will have left the labor force by 2022, resulting in a labor force of 86.9 […] Continue reading
DSGE Critiques PP
Hello class, Today Christian and I are presenting the critiques of DSGE models, mainly post 2008 global financial crisis! I have attached a link to view the presentation below if you would like to review it and develop questions beforehand. The predominent economists who provided discourse on the topic include Robert Solow, Anton Korinek, Noah […] Continue reading
DSGE Critiques PP
Hello class, Today Christian and I are presenting the critiques of DSGE models, mainly post 2008 global financial crisis! I have attached a link to view the presentation below if you would like to review it and develop questions beforehand. The predominent economists who provided discourse on the topic include Robert Solow, Anton Korinek, Noah […] Continue reading
DSGE and Why It’s “Broken” – Paper Scrap
DSGE Dynamic Stochastic General Equilibrium, or DSGE model has been the most dominant recent macroeconomic model in the recent economic history. The name Dynamic Stochastic General Equilibrium does tell some interesting characteristic that the model possesses. “Dynamic” being the simplest part of the model just suggests that the model over goes a progress of constant […] Continue reading
Updating Older Schools of Thought – Paper Scrap
Neo-Classical Economics Neo-Classical Economics is a form macroeconomic thought that was based on incorporation of rational expectation theory in the through 60s and 70s. This means that the macro economy is made of many individuals who make the best decisions that they possibly can and will drive the economy. This economic model is highlighted by […] Continue reading
What do we mean when we say that Macroeconomics is broken?
Hi friends (but mostly Nikita and Alli because this might be something we want to consider), First, please excuse the stream of consciousness (I promise I tried to keep this organized). Second, when I refer to modern macro as being “broken” I’m referring to it being broken with regards to its ability to predict/explain behavior […] Continue reading
Classical and Keynesians – Paper Scrap
Unfortunately my descriptions of different economic thoughts that we have discussed this semester won’t make the final paper, but here they are for your viewing pleaser! Classical Economics The first class of economics which had kicked off the main study of economics was the classical view of the economy. There was no differentiation between Macroeconomic or Microeconomic […] Continue reading
ECON488 – Global Posts 2017-04-17 13:53:53
https://drive.google.com/drive/folders/0B0QOnO2TyKAlZGZSX2FJUjlhU3M?usp=sharing
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