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| | Economics Calendar Entry |
 | | Scope and development of environmental economics; a model of the economy and the environment; the economics of pollution; measuring economic impacts on the environment; resource economics; sustainable development; issues and applications. | | | Economic basis for investment activity; public versus private goods; externalities; government intervention in the market; financing of government expenditures; effect of taxation on the economy; the budget deficit; theory and structure of taxation; provincial expenditure and intergovernmental fiscal relations. | | | One, or in some cases two, courses in Economics are allowed as credits for degree/diploma curricula in the Faculties of Education and Law. |
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http://www.scifac.ru.ac.za/2005/eco.htm
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| | Input-Output Economics |
| | The type I multiplier is used for an open model when the initial change in sector income is known and the total change in regionwide income (that is, all sectors combined) is known. | | | The type II multiplier is used for a closed model when the initial change in sector income is known and the total change in regionwide income (all sectors combined) is desired. | | | A sector with the largest multiplier in the state may be so small that it takes an unrealistic rate of growth to generate the same region-wide growth of income as a very large sector with a very small multiplier. |
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http://www.fatemi.com/CONFERENCES/input.html
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| | Neoclassical economics - Wikipedia, the free encyclopedia |
| | Neoclassical economics is also often seen as relying too heavily on complex mathematical models, such as those used in general equilibrium theory, without enough regard to whether these actually describe the real economy. | | | Neoclassical economics is not really normative as epistemological like political economy. | | | Neoclassical economists define economics as the study of the allocation of scarce resources among alternative ends. |
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http://www.wikipedia.org/wiki/Neoclassical_economics
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| | NEW CLASSICAL AND OLD AUSTRIAN ECONOMICS |
| | In the New Classical view, the constraint imposed by the logic of general equilibrium confers theoretical respectability on the model; econometric testing as suggested by exercising the model economy and performed on extended time-series data descriptive of the real-world economy establish the model's empirical relevance. | | | Structural properties of the economy, however, cannot be measured independent of relative movements of economic variables. | | | Hayek, 1967 and 1975) of the misdirection of labor and by developments within New Classicism which incorporate a capital stock variable (e.g. |
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http://www.auburn.edu/~garriro/fnc1kyun.htm
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| | Ecological economics |
| | In practice, ecological economics focuses primarily on the key issues of uneconomic growth and measuring well-being. | | | Chief among the critiques of current normative economics by ecological economists is its approach to natural resources and capital. | | | The primary argument of ecological economics that sets its apart from previous economic theory is that economics is itself a strict subfield of ecology, in that ecology deals with the energy and matter transactions of life and the earth, and the human economy is by definition contained within this system. |
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http://www.kiwipedia.com/ecological-economics.html
(435 words)
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| | Urban Economics: Simulation Study |
| | Later, urban models that have two income groups will be added, and furthermore, problem sets for exams and homework, that are classified into several categories according to level of difficulty, will be posted. | | | You will be asked to type in userid and password for closed model simulation. | | | In an open urban model, "utility index" is the last parameter, while in a closed model the number of residents in a city is set. |
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http://vega.icu.ac.kr/~yskwon/urban/urbanh.htm
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| | SSRN-Empirical Analysis of European Government Yield Spreads by Alois Geyer, Stephan Kossmeier, Stefan Pichler |
| | These yield spreads form an important source of additional risk that has to be taken into account by any pricing or risk management model based on or dealing with EMU government bonds. | | | We extract risk factors driving the observed yield spreads by employing a multi-issuer version of the model originally proposed by Duffie and Singleton (1999). | | | This paper focuses on the dynamics of yield spreads deducted from government bonds issued by member states of the European Monetary Union (EMU). |
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http://papers.ssrn.com/sol3/papers.cfm?abstract_id=267213
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| | A New Socialist Economics |
| | The goal of a socialist society in this regard is then to ensure that enterprise and trade is fair and unexploitative of the people and their interests, and that the welfare of society is not endangered by the abuse of such enterprise by capital. | | | A good example of such a model would be the public school system; everyone is guaranteed an education (the quality and extent of which are another issue) in publicly owned schools, which are budgeted and administered by electable, accountable school boards. | | | Socialism is and will continue to be larger than its economics or issues of ownership; the centuries-old ideals of social, political, and economic justice transcend the confines of one school of economic thought. |
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http://socialist.org/NSE.html
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| | IVR - Encyclopaedia of Jurisprudence, Legal Theory and Philosophy of Law |
| | The second response is to note that most of the implications of the economic model do not require a rigorous concept of rational maximization; it usually is sufficient to assume that people are generally self-interested and at least minimally sensible in seeking to promote their self-interest. | | | Indeed little more is required to generate most of the implications of economic analysis for law than the assumption that most people in most areas of life prefer more (provided it’s more of a good than a bad) to less. | | | Economic analysis of law, or as it is sometimes called “law and economics,” is at present the largest and most influential interdisciplinary field of legal studies, at least in the United States, though its influence is growing elsewhere, particularly in Europe, Latin America, and East Asia (including China, Japan, and Taiwan). |
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http://www.ivr-enc.info/en/article.php?id=41
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| | Keynesian economics - Wikipedia, the free encyclopedia |
| | It was with John Hicks that Keynesian economics produced a clear model which policy-makers could use to attempt to understand and control economic activity. | | | Classical economics, on the other hand, argues that one should cut taxes when there are budget surpluses, to return money to private hands. | | | Invoking public choice theory, classical and neoclassical economists doubt that the government will ever be this beneficial and suggest that its policies will typically be dominated by special interest groups, including the government bureaucracy. |
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http://en.wikipedia.org/wiki/Keynsian
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| | The Effects of Economic Conditions And Access to Reproductive Health Services On State Abortion Rates and Birthrates |
| | The analysis is based on an economic model in which the behavior leading to pregnancy and to pregnant women's decisions on whether to carry the pregnancy to term depends on the women's resources, direct costs, opportunity costs, attitudes and preferences for children. | | | Economic models are particularly useful for sorting out the determinants of reproductive behavior in the United States because of the substantial heterogeneity that characterizes not only the population's values and preferences, but also its economic resources and access to different types of health care. | | | Economic resources such as higher wages for men and women and generous welfare benefits are significantly and consistently related to increased birthrates; however, even a 10% cut in public assistance benefits would result in only one birth fewer for every 212 women on welfare. |
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http://www.agi-usa.org/pubs/journals/2905297.html
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| | Env Econ definition |
| | Ecological economists also work on the relations between > property rights and resource management, they model the interactions > between the economy and the environment, they study ecological distribution > conflicts, they use management tools such as integrated environmental > assessment and multi-criteria decision aids, and they propose new > instruments of environmental policy. | | | Ecological > economists question the sustainability of the economy because of its > environmental impacts and its material and energy requirements, and also > because of the growth of population. | | | Ecological economics encompasses money-valuation, and also > physical appraisals of the environmental impacts of the human economy > measured in their own physical "numeraires". |
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http://www.env.duke.edu/sidg/envecon.htm
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| | Neoclassical economics - Wikipedia, the free encyclopedia |
| | Neoclassical economics is also often seen as relying too heavily on complex mathematical models, such as those used in general equilibrium theory, without enough regard to whether these actually describe the real economy. | | | Menger had a philosophical objection to the use of mathematics in economics, while the other two modeled their theories after 19th century mechanics. | | | Economists, however, have continued to use highly mathematical models, and many equate neoclassical economics with economics, unqualified. |
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http://en.wikipedia.org/wiki/Neoclassical_economics
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| | Renshaw: Essay 1 |
| | While the Keynesian multiplier model focuses one's attention on fluctuations in gross private domestic investment as a primary cause of recessions it is by no means clear that the blame for economic recessions should be placed on business enterprises. | | | My own preference when teaching international economics, however, is to start with an mpc equal to.5 and use an equation (2) type measure of disposable income to derive preliminary multipliers since it encourages one to explore the interconnection between large trade and government budget deficits. | | | Does an autonomous expenditure multiplier in the vicinity of 1.5 mean that Robert Lucas was correct in suggesting in 1982 that Keynesian economics is dead. |
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http://www.albany.edu/~renshaw/leading/ess01.html
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| | Economics Bulletin - Sponsors and Endorsements |
| | It's high time that economists experimented with new models like The Economics Bulletin. | | | This year a subscription to Economics Letters cost $1592 and a subscription to Econometrica costs $214. | | | In 1978, when Economics Letters was new, a library subscription cost $50 while a subscription to Econometrica cost $52. |
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http://www.economicsbulletin.uiuc.edu/Sponsors.asp
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| | Towards Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices. |
| | Towards Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices. | | | Home >> Journals List >> Review of Social Economy >> Towards Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices. | | | The article first employs a model of rational choice to analyze independent consumer choices among the usually assumed self- and welfare-centered consumers and then expands the model to analyze the implications of other than self- and welfare-centered motivations for consumer choice. |
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http://netec.wustl.edu/WoPEc/data/Articles/tafrsocecv:59:y:2001:i:2:p:227-48.html
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| | ParEcon.org -- Neoclassical Micro and Macro Economics |
| | But none of the stories have a detailed micro underpinning (we already saw that micro theory can’t underpin anything requiring realism) and the gap between the mathematical model and any really descriptive economic model grows even larger as economists try to specify the functions and their parameters more precisely. | | | economics is the most scientific “social science.” Yet non-economist critics such as E.F. Schumacher tell us that “to produce [economic] figures about the unknown, the current method is to make a guess about something or other—called an assumption—and to derive an estimate from it by subtle calculation. | | | An economic theory, for example, may highlight profits, quantities of output, amount of investment, and prices, and leave out class struggle, alienation, direction of investment, and bargaining power. |
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http://www.parecon.org/writings/neoclasseco.htm
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| | nelson.doc |
| | If the propaganda model is correct, it reflects the interests of media ownership and the profit system, is not offensive to advertisers, is underwritten by information provided by expert credible sources (the government, industry, and some members of academia), is not offensive to large groups in society, and reflects a common anti-anticapitalism (or other anti-ideology). | | | The specific systemic cause of the propaganda barrier to moral agency is the cozy relationship between the corporate and government systems, and the use of market forces to control the media, which is the operating factor in each of the five filters in the Herman and Chomsky model. | | | Changing the media to allow full access to information, and to provide examples of the critical life may require a change in the basic economics of the mediaprofit may be antithetical to the goals I have outlined. |
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http://www.usfca.edu/philosophy/discourse/8/nelson.doc
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| | Hollander, Economics and Ideology, Aspects of the Post-Ricardian Literature: Library of Economics and Liberty |
| | The Ricardian system is represented by a two-commodity model involving a wage-good (corn) and a luxury-good, the latter identified with the standard of value ("gold"). | | | The simultaneity of the economic process is seen in the demand prices of productive services in each use. | | | But according to Dmitriev's defense there is one equation in Ricardo's system of production cost equations that yields a solution for the profit rate independently of the others. |
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http://www.econlib.org/library/Essays/LtrLbrty/hlnPRL1.html
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| | Computers don't aid productivity. |
| | Fortunately, The Australian regularly carries the best of their material dealing with the economics of information technology; buying the magazine each week is more than my personal finances can bear. | | | Even closer to the economic model, personal productivity is not always related to company productivity, and neither of these directly relate to national productivity. | | | So new technology, boosting the range of tests, is not productive in economic terms since it adds costs out of all proportion to the economic benefits. |
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http://www.abc.net.au/http/sfist/econ.htm
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| | History of Economics Society 1999 Meeting, Abstracts |
| | High theory in economics produced an economic model in which a competitive private enterprise economy based on individual preferences and profit maximization would optimize individual and social benefits. | | | Addressing this issue is of crucial importance beyond economics in and of itself since it relates to the status of science in society and hence carries political relevance. | | | In economics, the theoretical problem of taste changing is a paradoxical one since the fundamental concept of rationality tends to be reduced by economists to consistency, a concept which explicitly excludes taste changing. |
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http://www.eh.net/HE/HisEcSoc/carchive/HES99_abstracts.shtml
(19180 words)
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| | Economics is dead. Long live economics! |
| | The "money economy" is a model for trade and markets, not an economy, nor the necessary basis for classical economics; it can be compared to various forms of "barter economy" that some believe would be more appropriate to "new" economies, whether dominated by attention or something else. | | | The industrial economy was a society in action, where the theories classical economics operated; the theories are not limited to such a society, so the change from one type of economy to another need have little impact on its economics. | | | Economics being the science of human interaction, the human brain will be the final, numerically limited resource in any information society. |
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http://firstmonday.org/issues/issue2_5/ghosh
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| | ECONOMIA |
| | The purpose of the Financial Economics Network is to increase and enhance communications among professionals interested in what is broadly defined as financial economics. | | | Also published here is the CME Model for Federal Financial Regulation, a proposal for streamlining government oversight of financial institutions. | | | FEN publishes the Journal of Financial Abstracts, which consists of abstracts of working papers from around the world and forthcoming articles in major finance and economics journals. |
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http://www.offcampus.es/offcamp/econom/econ.html
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| | Swedbank: Banking on Human Capital Economics |
| | A central management enabler for Swedbank is its Tool of the Future, a sophisticated economic model based on human capital, market capital and profitability, backed up by years of data collected and regularly analyzed, profiling its people, leadership, customers and business processes. | | | Today, thanks to its investment in human capital (now No. 8 among all local banks in the network), the banks share of its market is 70 percent, and it is ranked number one in customer satisfaction and profitability. | | | They started with the fundamental belief that the skills, motivation and satisfaction of their employees would be instrumental drivers of value for customers, which would in turn drive overall performance for the bank and especially profitability. |
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http://clomedia.com/content/templates/clo_inpractice.asp?articleid=299&...
(776 words)
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| | The Theory of Comparative Advantage - Overview |
| | The usual way of stating the Ricardian model results is to say that countries will specialize in their comparative advantage good and trade them to the other country such that everyone in both countries benefit. | | | Therefore, to dismiss the results of economic analysis on the basis of unrealistic assumptions means that one must dismiss all insights contained within the entire economics discipline. | | | The modern version of the Ricardian model and its results are typically presented by constructing and analyzing an economic model of an international economy. |
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http://internationalecon.com/v1.0/ch40/40c000.html
(3380 words)
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| | NEW CLASSICAL AND OLD AUSTRIAN ECONOMICS |
| | In the New Classical view, the constraint imposed by the logic of general equilibrium confers theoretical respectability on the model; econometric testing as suggested by exercising the model economy and performed on extended time-series data descriptive of the real-world economy establish the model's empirical relevance. | | | The comparison of New Classical and Old Austrian theories is best facilitated by letting EBCT refer to those theories in which (a) individuals make the best use of the information available to them and (b) an informational deficiency temporarily masks the interventions of the monetary authority. | | | Hayek, 1967 and 1975) of the misdirection of labor and by developments within New Classicism which incorporate a capital stock variable (e.g. |
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http://www.auburn.edu/~garriro/fnc1kyun.htm
(4242 words)
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