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?


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EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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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.”


August 31, 2014, 3:23 pm, 1327257
Here are a couple of current UK problems. Firstly, although the economy is recovering strongly, tax receipts aren’t. Secondly, flaws in the way the welfare system operates may be creating disincentives in the labour market. Could a radical proposal: streamlining the whole welfare system by paying everyone ...


August 31, 2014, 11:23 am, 1327197
Here is a new twelve question quiz drawing on economic indicators from the Economists's Pocket World in Figures (2015 edition) which has just been published. Good luck!


August 31, 2014, 11:23 am, 1327196
According to The Economist there is a long history of efforts to distinguish products that have been made more ethically than others. In the late 18th century, anti-slavery campaigners urged British consumers to boycott sugar from the West Indies in favour of supplies from India. Today’s fair-trade movement took off ...


August 30, 2014, 7:23 am, 1326938
In the Balance is a weekly programme on the changing dynamics of the global economy broadcast by the BBC World Service. Have a check through their episode listings, there is much here for students looking for extension and enrichment listening and for teachers passionate about their subject, not least in ...


August 30, 2014, 5:23 am, 1326911
Here is another ready-to-use edition of our thinking-skills resourceFocus Circle which provides an engaging way to teach factor inputs.


August 29, 2014, 1:23 pm, 1326662
Raising farm yields in a sustainable way not least because of the challenges of water scarcity is one of the biggest challenges for lower income countries (and advanced nations too!).This blog from the World Economic Forumexplores innovative vertical farming. Will this type of farming get the finance to be scaled ...


August 29, 2014, 9:23 am, 1326538
QE, dead cat bounces, margin calls, hi-frequency trading, derivatives, hedging and yields.The irrepressible John Lanchester tries to de-mystify the language of money in his new book! Here is a report on the subject from BBC Newsnight.


August 29, 2014, 9:23 am, 1326537
Here is an important example of regulatory control of utility businesses with regional natural monopoly power. Ofwat is requiring regional water companies to cut their bills in real terms for the next five year pricing regime. Regulatory agencies are often accused of failing to be sufficient strong with suppliers leading ...


August 29, 2014, 7:23 am, 1326485
Looking for a 15 - 20minute activity to start your first lesson with new AS level students over the next week or so? We've got a nice introductory quiz for you!No doubt you're getting your lesson ready - what is the economic problem? What is scarcity? What isOpportunity Cost? What ...


August 29, 2014, 1:23 am, 1326385
After stumbling across a couple of good movie poster makersvia the @ukedchat Twitter feed, I decided to knock a couple of quick ones up to brighten up the walls of my classroom. You can make your own resources here: www.fakemovieposter.com orhttp://bighugelabs.com/poster.phpYou can also download the two that I made below ...