Economic Outlook on the U.S and Global Economy in 2019

An Article Written by Zuleykha Gasinova

As we progress to the last month of 2018, economists and various well-known financial agencies have released their forecasts about economic trends in 2019 and upcoming years. Considering the overwhelming economic and political agenda of 2018, economists have a distinct analysis regarding the U.S and global economy. While some economists are predicting a potential slowdown in the economic growth of the U.S and forecasting a recession in the second half of 2020, another group of economists do not feel gloomy about the current economic trends and therefore believe that the U.S economy will continue to grow and even help to boost the global economy. In this article, we are going to closely examine opposing arguments of economists regarding the 2019 economic trends.

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William Nordhaus and the Economics of Climate Change

The 2018 Nobel Memorial Prize in Economics was awarded to two American Economists, Paul Romer and William Nordhaus, for their work on economic growth theory and the economic impact of climate change, respectively. This article will attempt to scratch the surface of William Nordhaus’ breakthrough contribution to economic modelling of climate changes, or in the words of the prize committee, “for integrating climate change into long-run macroeconomic analysis.”

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What is Economics of Information?

Article Written by Zuleykha Gasimova

Introduction

Economics of Information is a field of microeconomic theory which studies how the imperfect allocation of information affects economic analysis. If we examine the Neoclassical Theory, one of its main assumptions is that everyone has access to the same information (complete information) and everyone has perfect information about the prices of goods and services in the economy (perfect information).

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Data Creates Competitive Advantage – Probably Not Always.

Written By: Tanya Singh

Access to consumer data has brought about a focal change in the business environment, from small scale industries to tech giants, the synthesis of consumer information to make it relevant to the business operations, and the curation of products became a priority. Interestingly, the storage of data dates back to the 18,000 BCE, when the Palaeolithic tribespeople would mark notches into sticks or bones to keep a track of trading activities. Now, most firms use consumer data to create an unbeatable competitive advantage in the market – the more customers a firm has, the greater the data gathering process is.However, more often than not,firms grossly overestimate their ability to gain a competitive advantage through consumer data which we shall be talking about in detail. 

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Michelle Chan

Michelle Chan is an economics alumni. She is currently working at TD Securities under Capital Markets as an Analyst.

Q: Why did you choose to study Economics?
A: I chose to study Economics because Economics is a social science that provides analysis of real-world problems. It affects everything from how much we pay for goods and services to how much employees get paid. Studying Economics at university gives you a new view of the world and how it functions when it comes to business and economics. My area of study was mainly focused on financial economics, which is a specialized branch of economics concerned with the origination and management of money, credit, banking and investment. This landed me a career in the financial sector.

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Drishti Lalwani

Drishti Lalwani is an economics alumni. She is also one of the past presidents of UW Economics Society.

Q: Why did you choose to study Economics? Why Waterloo?
A: Honestly, economics was not always my first choice. I was originally set on studying Psychology. In my second year I took ECON 221, where we were introduced to conducting analysis using statistical software. I was and still am extremely fascinated with the idea of examining data and conducting research through models. Being someone who always stuck to safe options that came easy to me such as art and other subjects in the field of humanities , studying economics gave me a different perspective that has improved my analytical abilities.

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Ahmet Ozkardas

Q: Where did you go to school?
A: I started my education at Galatasaray University in Istanbul. After I learned French, for my first year of undergrad studies, I went to Strasbourg, France and studied Economics and Management at the University of Strasbourg I, Louis Pasteur. When I choose Econometrics as my major, I transferred to the University of Lyon II Lumiere, France. For my master degree, I was accepted for a double degree program and I finish Master in Economics at the University of Lyon II and Master in Mathematics and Statistics at the University of Napoli Federico II, Italy. I started my PhD in 2011 at the University of Paris I Sorbonne and finished it in 2015

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