Category fun
Worthwhile Canadian Initiative: The April 1st Edition
Economics Departments across the country and around the world are engaged in a competitive struggle with other programs and disciplines for the hearts and minds of young students as they make choices regarding what program of study to enter out of high school. Once in university, the struggle is not over as Economics Departments are […]
Are there any straight lines in economics? Roman and Anglo Saxon roads.
This post is meandering philosophical whimsy that goes nowhere. If you don't get off on that sort of thing, best stop reading now.
Canadian Economic Forecasts 2011 – Make Yours Now!
Continuing the now two year old tradition, I invite you all to make forecasts for 2011. Forecasts are for the latest data available on New Year's Day 2012.
Canadian Economic Forecasts: 2010 revisited
Happy New Year everyone! Last January we made forecasts for 2010. It's now time to check how well we did. (I will do a separate post for 2011 forecasts). Commenter Mark wins this one by a mile. Well done Mark!
Why blogging is hard
Imagine the following question on a PhD comprehensive exam: "Using a macroeconomic model with monopolistically competitive firms, explain how an increase in the expected future price level will cause an increase in the current price level. Also explain whether there is an effect on real output.
Saturday morning comics
Piled Higher and Deeper, http://www.phdcomics.com, is my favourite on-line comic – this is the one on my door. I'm sharing it with you to celebrate my sabbatical, which started yesterday.
SpongeBob SquarePants and the Economics of Identity
SpongeBob SquarePants lives in a pineapple under the sea, makes the best burgers in Bikini Bottom, and loves life. Akerlof and Kranton's Economics of Identity explains why SpongeBob is so happy. An identity is a sense of self, "this is who I am". Every one of us has many identities – our gender, nationality, religion, […]
Are we hard-wired for capitalism?
When I get back from the Canadian Economics Association meetings this evening, my dog will throw himself on me in a paroxysm of joy. But if, two minutes later, I were to try to take a bone away from him, he would bare his teeth and growl. Animals – including humans – are instinctively possessive. […]
When spam goes meta
From my inbox: Greetings to you SCAMMED VICTIM/ $500,000 BENEFICIARIES. REF/PAYMENTS CODE: ECB/06654 $500,000 USD. On behalf of the Obama's Foundation and UNITED NATIONS, we wish to notify you as a beneficiary of $500,000 USD in compensation of scam victims.This is to bring to your notice that we are delegated from the Obama's Foundation and […]
The simple money supply multiplier model and simple keynesian multiplier model
These two first-year textbook models — the simple money supply multiplier model; and the simple keynesian income-expenditure multiplier model — are formally identical. Translated into math, or game theory, you can't tell the difference between them. They contain exactly the same important insight: that what is true for the individual bank/household is not true for […]
Worthwhile Canadian Initiative 
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