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

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.”


November 25, 2014, 1:23 pm, 1377721
Globalisation ebbs and flows. There has been remembrance of the events of a century ago, when a rising tide of globalisation suffered a colossal retreat. Many observers watching the aftermath of the world crash of 2008 feared the same. Suddenly the headlines about the world becoming ‘flatter’ and more interconnected ...


November 25, 2014, 5:23 am, 1377424
In 1992 scissors were still a valuable tool to cut newspaper articles from the broadsheets and Pritt Stick them to a piece of clean A4. Some teachers wrote questions underneath these in biro, others saved them on floppy discs that fitted into the new generation of electric typewriters that ...


November 25, 2014, 5:23 am, 1377423
Teacher of Economics vacancy for September 2015 atEastbourne CollegeThe College seeks to appoint an inspirational and energetic, full-time Teacher of Economics to start September 2015. The position would suit an NQT, an experienced teacher wanting to put his or her experience to use in a different context, someone returning to ...


November 23, 2014, 9:23 pm, 1376605
Sometimes teaching economics puts us in a very privileged position to influence students lives in a positive way. After adiscussion of the theory anda brilliant graphical analysisofmerit and demerit goods, it is likely that I canovercome any information failure on the students behalf and see dramatic increases in the consumption ...


November 21, 2014, 11:23 am, 1375800
Another excellent HOD opportunity here, this time at The Hollyfield School in Surbiton.


November 20, 2014, 7:23 pm, 1375350
Apologies, but I can't resist the prospect of using this story about a new solution to the market failure of pollution: an eco-friendly bus which has just gone into service to transport people between Bath and Bristol Airport. ...


November 20, 2014, 5:23 am, 1374826
A fantastic opportunity for a current or aspiring Head of Department:Head of Economics, Oundle SchoolA dynamic leader, manager and teacher is required for September 2015 to run a lively and highly successful department -Economics is flourishing at the School, with over 100 pupils studying the subject in the Sixth Form. ...


November 20, 2014, 3:23 am, 1374766
Details below of a terrific HOD Business & Economics opportunity at The Hollyfield School in Surbiton. If you apply, please mention you saw it here on tutor2u!


November 20, 2014, 3:23 am, 1374764
Yet another terrific HOD opportunity here, this time with our good friends at Bedford School. All the details you need below:


November 20, 2014, 3:23 am, 1374765
A new report from the OECDfocuses on the supply-side (structural) reforms that economists from the OECD believe to be necessary to sustain economic growth and development in India. the report summary can be found here and will be useful students focusing on India as part of their contextual studies on ...