American Economist articles from September 2002

American Economist archives from September 2002

Economic theory and the interpretation of GATT/WTO.
September 22, 2002... 1. Introduction Over the post-war period, the General Agreement on Tariffs and Trade (GATT) has sponsored eight rounds of trade-policy negotiations. The most recent round of negotiations, which was completed in 1994, resulted in the...

Recent developments in and future prospects for public economics.
September 22, 2002... Public economics is the study of the government's role in the economy. Because that role is constantly changing, public economics is a constantly-evolving field. Some of the field's core questions, such as how the tax rates on different goods...

Who's afraid of their economics classes? Why are students apprehensive about introductory economics courses? And empirical investigation.
September 22, 2002... I. Introduction Economics can often evoke strong emotions of fear and anxiety on the part of students. Some of this fear may have a positive effect causing students to work harder. But if the anxiety is too great, it may have a negative...

Matched-long term maturity stock and bond returns in international markets.
September 22, 2002... 1. Introduction Most studies in Finance employ ex-post bond and stock returns to analyze two different, though interrelated, issues. The first issue focuses on the driving forces, underlying stock and bond realized returns and is based on...

Factors underlying trends in economics majors: a cause for concern?
September 22, 2002... Introduction In the decade of the 1990s there had been a dramatic decline in the number of college graduates who majored in economics in the United States, although this trend seems to have reversed in the last few years. The initial...

An active learning tool for the principles of economics: the allocation exercise.
September 22, 2002... Introduction Although active learning exercises are widely acknowledged for their effectiveness, they are rarely employed in the teaching of Principles of Economics. There are various explanations for the intransigence of teaching methods,...

Using Greek mythology to teach game theory.
September 22, 2002... I. Introduction Although Odysseus was destined to lead the Greeks to victory in the Trojan War, he initially tried to avoid joining the Greek cause by acting insane. His attempt to dodge the draft was foiled only by the creation of what is...

The policy assignment principle with wage indexation *.
September 22, 2002... 1. Introduction Originating from the seminar contributions by Mundell (1962, 1964) and Swan (1963), much of the discussion on stabilization policies achieving simultaneously internal and external balances under fixed exchange rates has...

Transitivity is not necessary to show that indifference curves cannot intersect, a note.
September 22, 2002... Introduction Economics professors have traditionally shown their students that indifference curves cannot intersect using monotonicity and transitivity in a proof by contradiction (e.g., Mansfield, 1997). The traditional proof is...

Mexican Americans and the US Economy: Quest for Buenos Dias. (Book Review).
September 22, 2002... Mexican Americans and the US Economy: Quest for Buenos Dias, by Arturo Gonzalez. Tucson, AZ: The University of Arizona Press, 2002. In Mexican Americans and the U.S. Economy, Arturo Gonzalez analyzes the socioeconomic progress and the...

The Invisible Heart: An Economic Romance. (Book Review).
September 22, 2002... The Invisible Heart: An Economic Romance, by Russell Roberts. Cambridge, Massachusetts: The MIT Press, 2001, pp. 271. Teaching economics to undergraduates has and will continue to be a challenging task. Most books cannot convey the...