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Thursday, August 28, 2008

About Economics: Weekly Update (Vol. 6, No. 35)

About.com    Economics
In the Spotlight | More Topics |
  from Mike Moffatt
The Ph.D. programme in economics at the University of Western Ontario is now having students arrive three weeks "before their regular, required coursework begins, and they are put through courses in... microeconomics and macroeconomics." What does it say about the study of economics that we cannot assume that incoming Doctoral students know the first thing about the field?
 
In the Spotlight
How Big, Exactly, Is The Supply of Fossil Fuels?
In We Will Never Run Out of Oil I argue against calculations that oil will "run out" in some specific year... [click on the title to read more]

 
           More Topics
More on Bottled Water Bans and Substitution Effects
...EclectEcon asks a number of questions as well, but gets to the heart of the matter with "But even if they are, why just water bottles? Why not other plastic bottles, too?" The implicit assumption in all this is that fountain water and bottled water are near perfect substitutes... [click on the title to read more]

 
Is Voting Economically Rational?
One piece of human behavior that does not fit well into mainstream economics view of decision making is voting. Voting, on the surface, seems to be a wholly irrational act - the chance that your vote is going to make a difference in the outcome is so infinitesimally small that it is not worth the opportunity cost of the time spent...

 
 
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