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Economists and Competitive Balance
A new article on The Athletic (note, there is a paywall after a free trial) on competitive balance in the NBA: https://theathletic.com/1067413/2019/07/09/economists-weigh-in-on-the-competitive-balance-question-after-kawhi-leonards-decision-preserves-parity-for-now/ To summarize – there is no consensus on whether competitive balance matters to fans, whether it affects team … Continue reading
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Economics of Sports
One of my sabbatical projects has been to develop a new course on the economics of sports. This is nowhere near complete, but it is beginning to take shape – given my teaching schedule, it will likely not be offered … Continue reading
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What is the purpose of Intro Econ?
Over the past month, I have noticed an increase in the frequency of calls to change how we teach intro courses in Economics. This is probably just a reflection of my Twitter feed and other sites that I visit, but … Continue reading
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Should We Start Requiring Writing Assignments in EC120?
A recent article in the Economics of Education Review suggests that this encourages students to major in Economics, especially if the paper is written on a topic not generally associated with Economics. Link to paper (gated) here. The only concern … Continue reading
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Behavioural Economics – An Introduction
Many students in my first-year classes love to challenge the basic assumptions introduced in the Introduction to Microeconomics course. For those students, here is the Nobel Prize lecture of Richard Thaler, recently published in the American Economic Review: https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.108.6.1265 It … Continue reading
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Time for a sabbatical
For the 2018/19 year, I will be on sabbatical. While I will be around Laurier, I will not be teaching classes. What will I be doing on sabbatical? – that is still to be determined.
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Ten Commandments for Economists
Dani Rodrik posts his Ten Commandments for Economists, and for non-Economists – fully agree with all of it. Two points worth reiterating, that I find relevant to teaching Introductory Economics classes: We spend a lot of time talking about various … Continue reading
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A Change in Role
As of July 1st, I am no longer the Undergraduate Program Director in Economics at Laurier, and later this summer, I will also end my term as Undergraduate Program Director in Business. My primary focus this year is the redevelopment … Continue reading
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Misconduct in Credence Good Markets
Some students in my EC470 class may be interested in this paper. Abstract We study how monitoring, expert skill and consumer awareness affect the level of misconduct in markets with asymmetric information and price-taking experts. Theoretical predictions show that experts … Continue reading
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Ecology, Trade and States
A new paper by James Fenske at Oxford on the origins of institutional structures. Abstract State capacity matters for growth. I test Bates’ explanation of pre-colonial African states. He argues that trade across ecological boundaries promoted states. I find that … Continue reading