Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .


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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.


Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?


Click on the chart for a larger version.


EconModel

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Economics in the News

"Geoff Riley (Head of Economics at Eton College) provides a regular commentary on economics issues and trends - essential daily reading for all economics students and teachers.”


September 30, 2014, 3:23 pm, 1343939
You may have seen my post giving you an example of introducing the concept ofdiseconomies of scale on Sunday where you ask a large team of students to draw an image of Steve Jobs. This next one is nothing like that!Instead, here's another example of a future-proofed activity that uses ...


September 28, 2014, 5:23 pm, 1342638
Here's a 10 to 15 minute activity to introduce the concept of diseconomies of scale. The activity asks groups to re-draw an image (in this case, the face of Steve Jobs) onto a grid. The image is held on screen(as part of a Powerpoint slideshow) whilst the groups re-draw the ...


September 28, 2014, 7:23 am, 1342466
In Economics, saving offers something of a puzzle. From some viewpoints, savings are a leakage from the circular flow of income, reducing multiplier effects. And if we all saved - in a determined effort to repay our debts (which sounds like a great idea) – the level of ...


September 26, 2014, 5:23 pm, 1342097
I guess we would agree that talking without notes for 70 minutes is HARD – I would not like to go through an entire lesson without some prompts or reminders of what I want to cover, and I suspect that many teachers would agree.However, listening to Ed Miliband explaining why ...


September 26, 2014, 3:23 pm, 1341994
A growing number of economics teachers are embracing twitter as a social media platform to support the work of their students and share their passion for a fast-moving subject. Twitter can be used for sharing useful links, examples of good/successful practice in the classroom and in helping to make sense ...


September 26, 2014, 3:23 pm, 1341993
An autumnal hat tip to Will Taylor from Brookfield Community School in Chesterfield who recommended a recent BBC Radio 4 broadcast from Peter Day dated18th September. Will writes:"This programme offersthirty minutes of fascinating insights into this new democracy and fast emerging economy and brilliant for looking at FDI andmarket attractiveness, ...


September 26, 2014, 9:23 am, 1341756
Have you reached that point in the termwhere you've covered shifting demand and supply curves yet?Here's a short starter or plenary to test your students knowledge and understanding on the theories of demand and supply. The resource has a single demand and supply diagram with shifted curves and labelled equilibrium ...


September 25, 2014, 11:23 am, 1341226
Alibaba’srecord breaking IPO this month offers a lot of scope to analyse key economic concepts.But the one that caught my eye in their SEC registration filing was on Network Effects.What are Network Effects?A network effect acts like an externality. It is the effect that one user of a good or ...


September 25, 2014, 5:23 am, 1341003
Bob Denham from Econ Films has let me know that he iscurrently making a series of 'instant insights' into the world of development economics for the IGC annual#GrowthWeek, run by the International Growth Centre at LSE. These are short 1-2 minute clips on what should be the key topics following ...


September 25, 2014, 5:23 am, 1341002
This new short video from the IMFexplains the statistical definition of debt, it explains government debt instruments and the difference between gross and net governmentdebt.