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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Uncuffing The Truth Behind Prison Cells

Written By: Adshake Kunanithy

Every day, we hear about crimes of all sorts on the news, from bank robberies to drunk driving, and are always left shocked and angry in the name of justice. However, have you ever questioned the aftermath of court cases, the life of incarnated souls or even the system itself? Questions and concerns related to the funding of prisons and quality of life are rarely addressed and should not be camouflaged as they affect our economy.

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