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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Gender is a social construct – and an expensive one at that.

Written by: Hannah Saul

Rather than a necessity, diapers for your baby are a luxury item. Stating this as a fact is controversial, rebuttable, and aggressive – but when you think about it, they are not needed in the same way that air, and shelter are needed for survival. You see, there is no perfect – or even close – substitute to the necessities of life. You can’t substitute food with rocks, nor could you substitute air with carbon monoxide, and expect to live. But, you could replace diapers with learning how to use the toilet. Governments would benefit by placing a tax on all baby diapers, and using that money for important public initiatives, such as building more public restrooms and infrastructures for people and babies to use so they don’t defecate themselves. The billion dollar diaper industry would do just fine in raising their prices, and this would further strengthen our economies. If you can’t afford it, you should probably find a substitute.

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The Good, The Bad, & The Rich of COVID-19

Written By: Rohin Patel

For over a year now, the novel coronavirus has been ravaging our lives and stealing every sense of normality and social freedom. Shortly after its first few cases in the western world, the contagious COVID-19 had earned itself the title of being a pandemic after world governments had not taken enough action against the spread and severity of the virus (8). Since its arrival, the pandemic has caused a shakeup in the world economy and, subsequently, in the lives of people all across the globe. Or has it? Has the pandemic truly been bleak and unfavorable for everyone? Or has it only had these harsh effects on the poor?

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