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.”


November 8, 2016, 3:28 am, 1691735
If you're looking at government intervention to correct market failure then you may find this 5 minute resource of value. Using statistics compiled from Professor Tony Travers of the LSE, highlighted inthis article, it asks students to predict which local government budget areas will see the largest cuts by 2018.


November 8, 2016, 3:28 am, 1691736
WoW economics training days these past few weeks have been a great way to swap ideas with teachers of economics, both new and experienced. One of the beauties of such events is being able to network with colleagues who've used less well knownonline resources available to support us economics ...


November 8, 2016, 3:28 am, 1691737
The often used quote from Keynes (‘in the long run we’re all dead’) is usually invoked to attack the view that if we wait long enough, things will get back to normal (i.e. markets will equilibrate). The problem is, we might be waiting a long time. Action may ...


November 8, 2016, 3:28 am, 1691738
Who owns Britain? A very informative programme on ITV last night, useful for both analysing FDI and foreign mergers and takeovers. It is on ITV player for 30 days. Seehere.Some of our best loved British brands, including HP Sauce, Heathrow Airport and Cadbury are now foreign owned.A third of the ...


November 8, 2016, 3:28 am, 1691734
Colleagues who have used Coursera [www.coursera.org]may have noticed there are some new options available in economics. Some are at undergraduate level but others aim toprovide a shortintroduction to new areas of thinking.


November 8, 2016, 3:28 am, 1691733
Teaching Economics After The Crash: Radio 4"At universities from Glasgow to Kolkata, economics students are fighting their tutors over how to teach the subject in the wake of the crash. The Guardian's senior economics commentator, Aditya Chakrabortty, reports from the frontline of this most unusual and important academic war.The banking ...


November 8, 2016, 3:28 am, 1691730
One of my favourite sources of Economics is that of mjm foodie. This US style video series teaches some basic concepts of Economics (suitable for IB, AS and A2) in a clear and concise way. Although far from being suitable for stretch and challenge, these videos really do cement understanding ...


November 8, 2016, 3:28 am, 1691731


November 8, 2016, 3:28 am, 1691732
These two resources, adapted from various books and websites are great practise for your Oxbridge students this and next week as they prepare for their interviews.1_Questions_for_Economics_Interview.doc
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November 8, 2016, 3:28 am, 1691729
Don’t worry about all the world’s fossil fuels running out. The graphic above suggests that we can’t run the risk of burning all the fuel that we know we have anyway! But if that’s true, then what are all those fossil fuel reserves worth?According to the Guardian, the ...