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
12:48 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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Is the economy picking up? Investors think so with last months 21% market increase. But is everything really getting better? This article takes a look at many indicators and quotes professionals that don't think we are quite done.
http://www.economist.com/finance/displaystory.cfm?story_id=13447231
This is a about IMF (International Monetary Fund) and its proposed more vital role after the G20 meeting.
http://www.economist.com/world/britain/displaystory.cfm?story_id=13416083
Article about the UK Green Stimulus package that focuses on atomic power
Josh Orell
http://www.nytimes.com/2009/04/11/business/economy/11bank.html?_r=1&hp
This article describes the next steps that the Obama Administration will take to stabilize the financial industry. It briefly decribes the stress tests that the Treasury Department is performing on the nation's largest banks and pinpoints how they might spend the dwindling amounts of TARP money. More importantly, it describes the conflict between the administration and the banks on how to relieve the toxic assets from their balance sheets.
http://www.economist.com/finance/displaystory.cfm?story_id=13447635
This article discusses the role of ECA's (both public and private) in rescuing trade. One of the main concerns discussed is the fear that the public ECA's (ie: the government) may become too politically motivated. He states that because they my try and "pick winners," then they may try to emphasise more trade, rather than fair trade. The article also discusses the ECA's role in "trade liquidity support."
http://seekingalpha.com/article/130459-why-it-s-better-to-bail-out-borrowers-than-banks?source=article_sb_popular
This article talks about why the governemnt should bail out borrowers rather than banks.
"If we could get more wonkish and start analyzing who the borrowers are, I imagine we'd find not just Alt-A mortgagees, but also other banks, real estate developers, and other such high-rollers. The devil is in the details." by Steve Waldman
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