This is the course blog for Econ 300. It will be used for discussions about the course material and to relate the course material to current events in the news. You are free to post on the site, but must use your real name in all posts. Constructive participation in the blog may impact your grade in a positive direction.
posted by Professor Cramton at
5:02 PM
Peter Cramton is Professor of Economics at the University of Maryland. Since 1983, he has conducted research on auction theory and practice. This research appears in the leading economics journals. The main focus is the design of auctions for many related items. Applications include spectrum auctions, electricity auctions, and treasury auctions. On the practical side, he is Chairman of Market Design Inc., an economics consultancy founded in 1995, focusing on the design of auction markets.
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10 Comments:
http://money.cnn.com/2009/03/08/news/international/summers/index.htm?postversion=2009030821
This article is right i think. In order to help this financial crisis, we need to start thinking more globally and less internally. By expanding growth, and somewhat catching up to China's global influence, we could eventually get rid of this debt
this is a better article then the one i posted above
http://online.wsj.com/article/SB123308314993520583.html
Josh Orell
http://www.boston.com/news/local/massachusetts/articles/2009/03/12/a_head_with_a_heart/?s_campaign
This is an article that can serve to remind us how the actions of each of us can affect the lives of others. While the scenario presented demonstrates one of the many solutions that will bring us through the economic crisis it also helps to give us hope that we will get through it.
http://www.businessweek.com/globalbiz/content/mar2009/gb20090311_034767.htm?campaign_id=related_AK
This article deals with the value added tax(VAT) in the EU. The discussions over best tax policies are constantly rehashed in most countries. A number of the methods presented this semester have a practical application in the analysis of tax policy.
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_US_ECONOMY?SITE=MITRA&SECTION=HOME&TEMPLATE=DEFAULT
Food for thought: Are we sure we can find enough investors to finance our bailout?
http://online.wsj.com/article/SB123698646833925567.html#mod=todays_us_nonsub_weekendjournal
The world's informal economy has been condemned in the past for creating stagnant growth and lower standards of living. Now it's become a critical safety net.
http://www.nytimes.com/2009/03/15/business/15AIG.html
Meet AIG-America's Illest Gangster
After the executives of the AIG company almost brought it to a collapse, the company is planning to pay $170 billion in bonuses with taxpayers bailout money. How Insane!
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/17/AR2009031703019.html
Edward Liddy, CEO of AIG, defends his company in this Washington Post article. He offers an explanation for the bonuses, even while the outrage grows. He also explains that the funds that AIG has received are a loan that is to be repaid and AIG will return to profitability.
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