This lesson talks about the gold standard and is a short discussion on the meaning of wealth. [Banking, Money, Finance playlist: Lesson 17 of 24]
We've argued that societal stratification is "both a condition and a process" (Kerckhoff, 2000). The former captures what the distribution of valued resources (e.g., money, education) among other things look like in a society. The question, most simply, is 'who gets what'?
This is a project to assist in the design, drawing, modeling and hopefully constructing of a small Community Children’s Center near Guayaquil, Ecuador. For the last year, Nicki Lehrer, from MIT’s Aero/Astro Department, has been organizing efforts to build the project. The goal of the workshop is to provide her with a full fleshed out design for the community center so it can be built in the summer of 2007.
Consumption and savings decisions under certainty and uncertainty. Aggregate savings, wealth, and fiscal policy. Portfolio choice and asset pricing. Investment and finance decisions. Half-term subject. This course covers issues in the theory of consumption, investment and asset prices. We lay out the basic models first, and then examine the empirical facts that motivate extensions to these models.
Examines alternative economic, political, and social perspectives of property rights and their policy and planning implications. Focuses on institutional and governance structures, power and control mechanisms, distributional consequences of different property rights arrangements, and problems of incomplete contracts as presented in theory and practice. Deals with property-rights issues related to two or more of the following: land, natural resources, infrastructure, or industrial organization.
Theory and evidence on government taxation policy. Topics include tax incidence, optimal tax theory, the effect of taxation on labor supply and savings, taxation and corporate behavior, and tax expenditure policy.
