Here are some notes (google doc) from the talk I gave at NUI, Galway, yesterday. Thanks to the Lit and Deb society for inviting me down, and to Senator Boyle for the chance to debate with him. I learned a lot, I won, and it was a laugh. Of course I based a fair amount of [...]
Also tagged Add new tag, Debate, Galway, Ireland, National University of Ireland Galway, NUI, Public Speaking, SpeechThis lecture builds on last week’s introduction to international monetary economics by introducing a basic macroeconomic framework based on national accounts, then moves on to contrast two ways of thinking about macroeconomic relationships–post-Keynesian and Neoclassical–and then finishes with the main workhorse model of monetary economics, IS-LM, which we extend slightly. Here are the lecture notes, [...]
Also tagged Add new tag, Business cycle, Economic, Finance, IS/LM model, Keynesian economics, Macroeconomics, New YorkHere are the lecture notes in 2*2 format. Check out the course pack, and the course outline, on the course page, if you’ve not already done so. Here is the excel spreadsheet I mentioned in class-apologies for the messing with axes!
Readings
Robert Mundell. The International Monetary System in the 21st Century: Could Gold Make a Comeback?
Eduard [...]
Here are the lecture notes for the last lecture, and below is a recording of the lecture. Remember, email if you have questions, and good luck in the final exam. Thanks very much for attending lectures and giving me your feedback by text, email, twitter, and the old fashioned conversation. It’s been a blast.
Economics for [...]
Also tagged Economic, Education, Math, Number Theory, Publications, Stephen Kinsella, VimeoThis week in 2 classes (EC4004 and EC4333), I talked about Lorenz curves, Gini distributions, and income inequality.
The recent OECD report shows the inequality in who’s contributing to income tax receipts.
The chart shows Ireland is a very unequal country when it comes to paying tax– the rich pay most.
(HT Ronan for the update)
Abstract. This paper studies the age distribution of firms in Ireland from 1961 to 2009 using data on over 159,000 firms. I build a model which mixes a lognormal distribution of firm size with an exponential distribution of firm age to explain the evolution of these data. The model is fitted using maximum likelihood estimation, [...]
Also tagged Biology, Business, Education, Empirical, Evolution, Maximum likelihood, StatisticsIn this lecture, we looked at the workings of the ECB, the economics of monetary integration, and went over the problem set. Click here to get the lecture notes, and a recording of the presentation is below.
Economics of EU Integration Lecture 6 from Stephen Kinsella on Vimeo.
Also tagged ECB, Economic, Education, European Central Bank, Eurozone, Math, Monetary policyIn this lecture we went over the concepts of game theory, Nash equilibrium, Subgame Perfect Equilibrium, solution of games by underlining and backward induction, normal vs extensive forms, pure and mixed strategies, and talked about the microeconomic part of the module in summary. You can look at the notes from the lecture here, you can [...]
Also tagged Directories, Economic, Environmental Economics, Lecture, Stephen Kinsella on Vimeo, United States, VimeoHere are the worksheets for weeks 5 and 6, respectively.
Also tagged Academic Departments, Arts and Entertainment, Directories, Economics, Environmental Economics, Market for Lemons, United StatesImage via Wikipedia
In this lecture we introduce game theory, following recap over the risk and insurance parts of the module we looked at last week. Game theory is the study of strategic interaction. In this lecture we looked at the history of game theory and the components of any game: players, strategies, and payoffs. We [...]
Also tagged Economics, Game, Game theory, Institutes, Nash, Nash Equilibrium, Prisoner's dilemma