Liam and the lads at the Geary Blog ask the question, and I’d like to ask our UL students—what will you do next year, as you graduate? PhD? MA? Work? Travel? Here’s a little survey gizmo to start, and if you’ve something more to add, please leave a comment.
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If you graduate from a UL program [...]
EC4004 students will remember Dr Aidan Kane’s guest lecture a few weeks ago, slides here, when he suggested that Ireland was fiscally dans la merde, and this situation would get worse once the November tax returns are in.
Guess what? They’re in. Here the figures are, and they are not pretty reading. We are 7,894,761 euros in [...]
A quick reminder: Thursday, 10-12, I’ll be in my office, KB 3-42, for office hours before exams.
Expect this to be mobbed (the last office hours usually are). Come early, bring coffee (black, no sugar, thanks), and come in groups if your questions are pretty similar. If for some reason you can’t make that time, [...]
From EC4004’s last lecture.
Y=C+I+G+X-M from Stephen Kinsella on Vimeo.
The very smart Dr Aidan Kane came and gave a lecture to the very smart Economics for Business class, and here are his slides. Check out the last 3 slides, they tell us in very short order just where the government’s fiscal problems came from, and how to solve the crisis. Here’s a hint: it’s [...]
Tagged Business class, Canada, Directories, Economic, Government, Kane, Social Sciences, United StatesHere are some questions I didn’t get to answering on the text message doo hickey.
1. For the online exam, what chapters is it based on?
Chapters 1-6 of Barro.
2. Say Hi to James that was in d New Zealand Jersey in d lodge last nite…we remember u!!
Hi James, you stud.
3. Was that a genuine or sarcastic [...]
The business cycle is a tricky concept. Economists have studied why economies experience large shifts in demand for good and services for centuries. Many indicators of economic performance (or lack thereof) exist, and as many theories exist to explain them.
You’ll also want to read Barro, chapter 8, before this lecture.
Economists pretend we can measure the [...]
Last week we saw the first parts of a micro-founded macroeconomy. Following Barro, chapter 6, we defined four markets: the product market, the labour market, the money market, and the bond market. We assume there was only one type of economic agent: households.
Firms are only ’placeholder’ entities which consist of rental agreeements between households, who actually [...]
In the last few lectures, we’ve looked at growth theory and the stakes involved in getting the basics wrong. We saw the Solow model’s predictions about sustained capital accumulation (): keep population growth low, keep savings () and therefore investment() rather high, and try to curb depreciation on assets. Technical progress and human capital move [...]
Tagged Economic, Economic growth, Exogenous growth model, General equilibrium, Gross domestic product, Macroeconomics, Model, Population growth