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gene hayward

Big Mac Index updated daily... - 4 views

www.oanda.com/...bigmac.shtml

Foreign Exchane Market Big Mac Index

shared by gene hayward on 15 Nov 09 - Cached
  • gene hayward on 15 Nov 09
     
    A site where the The Economists "Big Mac Index" is updated daily with the current actual exchange rate. Real handy when teaching FOREX...
Jason Welker

Economic View - A Dose of Skepticism on Government Spending - NYTimes.com - 5 views

www.nytimes.com/...11view.html

shared by Jason Welker on 21 Nov 11 - No Cached
  • the centerpiece is likely to be a huge increase in government spending
  • John Maynard Keynes
  • A main focus was how to avoid, or at least mitigate, the recurring slumps in economic activity.
  • ...17 more annotations...
  • Economic downturns, Mr. Keynes and Mr. Samuelson taught us, occur when the aggregate demand for goods and services is insufficient.
  • Higher consumer spending expands aggregate demand further, raising the G.D.P. yet again. And so on. This positive feedback loop is called the multiplier effect.
  • these Keynesian prescriptions make avoiding depressions seem too easy.
  • each dollar of government spending can increase the nation’s gross domestic product by more than a dollar
  • The solution, they said, was for the government to provide demand when the private sector would not.
  • less than a third of the increase takes the form of private consumption and investment.
  • Professor Ramey estimates that each dollar of government spending increases the G.D.P. by only 1.4 dollars.
  • In practice, however, the multiplier for government spending is not very large
  • If you hire your neighbor for $100 to dig a hole in your backyard and then fill it up, and he hires you to do the same in his yard, the government statisticians report that things are improving.
  • it is unlikely that, having wasted all that time digging and filling, either of you is better off.
  • inefficient spending
  • bridges to nowhere,
  • increase in economic well-being.
  • a rigorous cost-benefit analysis of each government project.
  • To this day, we have yet to come to grips with how to pay for all that the government created during that era
  • a temporary crisis as a pretense for engineering a permanent increase in the size and scope of the government. Believers in limited government have reason to be wary.
  • tax cuts will be a larger piece of the Obama recovery plan than was previously expected.
Susanna Pierce

International Development and Poverty - 0 views

worldsavvy.org/...index.php

International development poverty

shared by Susanna Pierce on 20 Jan 12 - No Cached
  • Susanna Pierce on 20 Jan 12
     
    This is a web resource that offers maps and statistics about poverty worldwife
Jason Welker

400 Richest Americans Got Richer This Year, As Most Americans' Net Worth Tanked: Forbes - 3 views

www.huffingtonpost.com/...ichest-americans_n_736182.html

income distribution

shared by Jason Welker on 24 Sep 10 - No Cached
  • The richest Americans got even richer this year, according to the new Forbes 400 list, even as the country's total net worth tanked during the second quarter. The top 400, all of whom are worth at least $1 billion, saw their combined wealth increase 8 percent this year, to the dizzying total of $1.37 trillion, according to analysis from CNN.
  • This means the 400 richest people in America account for about 2.6 percent of the nation's private wealth
  • Jason Welker on 24 Sep 10
     
    What's happening to income distribution in America during the recession? 
Tim Woods

Tim Woods' IB Economics Site - 7 views

timwoods.org/...index.php

IB Economics

shared by Tim Woods on 19 Jan 10 - Cached
  • Tim Woods on 19 Jan 10
     
    This is my own site that I've made for my students. It contains links to good resources (videos, flash lessons, etc.) that they can use to supplement their in-class learning and the homework I give them. The resources are all student-friendly and grouped according to the IB units.
Susanna Pierce

India Rising - Globalization and the Middle Class . NOW on PBS - 0 views

www.pbs.org/...index.html

Marginal Propensity to Consumer Disposable Income Aggregate Demand

shared by Susanna Pierce on 20 Apr 11 - No Cached
  • Susanna Pierce on 20 Apr 11
     
    I use this clip to expand on the concept of MPC/MPS and Disposable Income before developing the Aggregate Model.
Bob Hiles

The Secret of Oz - 0 views

www.secretofoz.com/index.php

APGov APEcon Education ap

shared by Bob Hiles on 12 Jul 11 - No Cached
  • Bob Hiles on 12 Jul 11
     
    Wizard of Oz as allegory for late 1800's monetary policy
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