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
11:49 AM
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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http://www.youtube.com/watch?v=cXqDIFUB7YU
This is the example that we had discussed in class about variable change as it relates to the game show problem.
http://money.cnn.com/
Check out the video on the homepage. "Shell CEO: Renewables pricey"
The head of the energy company, Shell, says that renewable sources are still too pricey for consumers. Such sources consist of hydropower (water) and solar power
This article is highly relevant to class, as it addresses the current credit and housing crises. Perhaps most notably, this article discusses the rates of growth of household spending compared to GDP growth rates. From a macroeconomic standpoint, the reader becomes familiar with some of the questionable lending practices of banks, and the spending habits which directly resulted.
My apologies, the article for the above post can be found by clicking the link of my name, or by visiting;
http://www.economist.com/finance/PrinterFriendly.cfm?story_id=13611284
http://online.wsj.com/article/SB124172137962697121.html
As many people already know, the Fed has released its stress test results on the major banks. This article disects these results with speculation that these tests may not tell the entire story.
First Article
http://www.time.com/time/business/article/0,8599,1895832,00.html?iid=digg_share
Second Article
http://www.cnbc.com/id/30624782
http://www.economist.com/opinion/displayStory.cfm?story_id=13610845&source=hptextfeature
This article touches on the subject of not inflation, but deflation. With interest rates close to zero, this article deals with the possibility of deflation and how bad that could be for us.
Josh Orell
http://www.economist.com/opinion/displaystory.cfm?story_id=13610871
This article deals with Obama's attempt to create hope for GM and Chrysler by not only supporting the thousands of workers, but hopefully creating new agreements with creditors in order to save the firms
http://www.webcastr.com/videos/financial/geithner-economy-in-the-balance.html
this video just deals with the current economy and where it seems to be going.
Josh Orell
Rising Credit Card Losses Are Next Challenge for Banks
http://www.nytimes.com/2009/05/11/business/11credit.html?_r=1&ref=business
The next big issue for banks to deal with: credit card losses. This might be especially relevant to college students (especially those graduating without jobs) as many have massive credit card debt. The article discusses the predictable relationship between unemployment and credit card loss rates, but right now the rate of losses is greater than the rate of unemployment. This might be because of the compounding effect of the housing crisis and low consumer spending. The article states that banks will have to find a way to deal with this until employment goes back up.
http://money.cnn.com/2009/05/12/news/economy/social_networking_jobs/index.htm?postversion=2009051213
This article suggest people to use online resumes as a way to boost their job search. Twitter is not the first place I would have thought to search for a job, but the article makes a good point in mentioning how big social networking is now.
http://www.moneyweek.com/investments/property/why-us-house-prices-will-keep-crashing-14752.aspx
This is a interesting article if you are into real-estate. I find the topic very interesting even though all you hear about today is the falling housing market. I find it very comical how stevenson said "You can by a Florida condo today for the price of a new car" It really just goes to show you how bad the market is in some places
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