Economics Materials

"The only function of economic forecasting is to make astrology look respectable." ~ John Kenneth Galbraith

• Bastiat, Frederic "What is Seen and What is Not Seen

• Books Related to the Financial Crisis

• Case-Shiller Home Price Index
  • Utah Home Prices

• Chaos
  • Chaotic Waterwheel Simulation
  • Chaotic Pendulum Experiment
  • Chaos Theory

• Checklist for Making Differential Diagnosis of an Economy

• Communist Manifesto

This is the 1848 statement by Karl Marx and Fredrick Engels of the beliefs of the Communist Party.

• Comparative Advantage Article - Treasure Island: The Power of Trade. Part I. The Seemingly Simple Story of Comparative Advantage by Russell Roberts

• Complexity Economics

Economics as an equalibrium system has it origins in Newtonian physics and has some serious flaws, which are obvious when compared to the real world. Complexity economics offers a new dynamic view of economics. It offers a vision of economies which are forever in motion, and which operate much more like scale free networks (think the internet) than a ball rolling in a bowl moving closer and closer to a point of equalibrium. Complexity economics views a free market system and an evolutionary system, which constantly innovates and explains the process that economists call "creative destruction."

• Conway's Game of Life

This game became widely known when it was mentioned in an article published by Scientific American in 1970. It consists of a collection of cells which, based on a few mathematical rules, can live, die or multiply. Depending on the initial conditions, the cells form various patterns throughout the course of the game.

• Do You Really Have a Choice?

• ECO365 Possible Topics for Final Project

• Federal Reserve Comic Books
  • The Story of Banking
  • The Story of Checks and Electronic Payments
  • The Story of the Federal Reserve System
  • The Story of Foreign Trade and Exchange
  • The Story of Inflation
  • The Story of Monetary Policy
  • The Story of Money
  • A Penny Saved
  • Once Upon a Dime

• Free Trade, Markets and the Environment

• International Labor Statistics Chartbook (June 2007) Published by the Department of Labor

• Linear Regression Applet

• MBA501 Discussion Questions

• Malthus: An Essay on the Principle of Population

• Market Structure LT Questions

• Market Structures Spread Sheet

• Monetary Trends December 2008

This is a publication of the St. Louis Federal Reserve Bank. It contains numerous charts and statistics showing the impact of the credit crisis.

• Network Theory: 80/20 Rule and Small Worlds Theory by Scott J. Simon

• Opportunity Cost Article - Getting the Most Out of Life: The Concept of Opportunity Cost by Russell Roberts

• OPEC and the High Price of Oil, A Joint Economic Committee Study, US Congress

• Possible Topics for Learning Team Projects

• Practice Exams

Cengage Learning offers free online practice exams. You can test your knowledge in prepareation for you economics exam.

• Scientific Method - and explanation

• Strange Attractors
  • Butterfly Effect Simulator
  • Lorenz Applet
  • Lorenz Attractor
  • Strange Attractors Applet

• The Economic Consequences of the Peace by John Maynard Keynes

• The Effect of International Trade on the U.S. Economy

• The General Theory of Employment, Interest and Money by John Maynard Keynes

• The IMF Good or Evil?

• The Importance of Failure in a Free Market System

• The Iraq Study Group Report

• The Real Problem with Social Security

• The Road Not Taken

• The Wealth of Nations by Adam Smith

• What Does It Take to Make a Superpower?

• What is Money?