Economists Do It With Models

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Entries Tagged as 'Policy'

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All It Takes Is A Basic Macroeconomic Error to Bring Economists Together…

October 3rd, 2016 · 9 Comments
Macroeconomics · Policy · Trade

I am not a macro person (by nature at least- I don’t deal well with severe empirical limitations and unanswered questions I guess). That said, I enjoy this profusely: What I think I don’t like about basic macroeconomics is that I feel like we (I mean instructors) don’t always do a great job explaining why […]

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Tags: Macroeconomics · Policy · Trade

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On The Role Of Economics, Trolley Problem Edition…

September 20th, 2016 · 5 Comments

I’m guessing many of you are familiar with the trolley problem: The problem is interesting because there is an objectively “right” answer- absent specific circumstances, one dead person is better than five dead people- but psychology, philosophy, ethics, etc. bring in a whole host of other considerations having to do with intention, fate, and so […]

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Tags: Policy

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On The Increasingly Unfortunate Economics Of Peanut Allergies…

August 24th, 2016 · 6 Comments
Buyer Beware · Econ 101 · Markets · Policy

So here’s a decent and concise overview of the latest issue to be taking over the internet: Have a peanut allergy? Chance are you’re about to spend a lot more on EpiPens by Emma Hinchliffe Over the past few weeks, EpiPens have slowly overtaken the news. So what is going on with them exactly? Source: […]

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Tags: Buyer Beware · Econ 101 · Markets · Policy

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Fine, We Can Talk About Exports Too, Coffee Edition…

August 19th, 2016 · 1 Comment
Policy · Trade

So a little while ago I wrote about the efficiency of free trade where I went through a situation in which a country would want to start importing a good from abroad. At the end, I noted that an export situation is basically the same but with a role reversal for producers and consumers. Nonetheless, […]

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Tags: Policy · Trade

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Even A Stopped Clock Is Right Twice A Day, Comparative Advantage Edition…

August 11th, 2016 · 5 Comments
Econ 101 · Policy · Taxes

You guys, I’m frustrated. Yes, by this: Secret Service had to protect MSNBC’s Katy Tur after Donald Trump incited crowd against her via @dailynewsbin — David Lazarus (@Davidlaz) August 11, 2016 and by this… "I oppose it now, I'll oppose it after the election, and I'll oppose it as president." Real talk: It would […]

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Tags: Econ 101 · Policy · Taxes

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In Case It Isn’t Obvious, A Primer On Tax Deductions Versus Tax Credits…

August 8th, 2016 · 4 Comments
Income Distribution · Policy · Taxes

I’ve been doing my taxes myself for a while now, and, thankfully, I am not old enough to have had to file any complicated returns before the advent of online tax preparation systems. That said, tax calculations are complicated enough that there were a number of things that caught me by surprise. For example, I […]

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Tags: Income Distribution · Policy · Taxes