Midterm examination for a class at MIT covering game theory and its applications to economics. The one-hour-and-twenty-minute open book examination asks open ended theoretical questions. The exam contains questions and solutions.

In this video, an entrepreneur is finding new ways to manage the invasive Asian carp problem in the Mississippi and Ohio rivers. Once introduced to help mitigate an algae problem, the carp became invasive. This video highlights how the local community has adapted to the issue, including how they have gained ideas about how to utilize the carp from other cultures to help mitigate the issue.

Diese Mini Lecture untersucht die Beziehungen von Arbeitsproduktivität und Niedriglohnsektor mit O-Tönen von Christopher Pissarides, Peter Diamond, Robert Solow und James Mirrlees.

The toolkit addresses research data management, a topic that is a burden for many in the research routine. However, there is a lot in it for researchers, if they document, backup, and eventually share their research data. It can get cited and will influence their metrics. Also, many journals and third party funders require the publication of research data – for the sake of transparency, quality control and synergy effects in research. In this toolkit, researchers can find materials and information on managing their own data – but also search portals, in which they can find high quality research data themselves.

Being active in social media, like in Twitter and Blogs, is one way to reach a larger audience and to enhance a researcher’s impact. Other researchers will learn about their findings through these additional channels and in addition the public, policy makers, and the press. The toolkit shows several ways of how to get in touch with other researchers and discuss findings at an early stage in research networks, conferences, and in social media. It presents open tools for co-writing, online meetings, reference- and project management.

The aim of this toolkit is to support early career researchers in finding a journal that publishes their paper and optimally promotes the visibility of their research. How can they find a journal with a good journal ranking score that is perceived in the respective research community? How can they find a journal that perfectly matches their topic? Should they consider publishing open access? What are predatory journals and how can they detect them?

Economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Prof. Lo cuts through the debate in this course with a new framework—the Adaptive Markets Hypothesis—in which rationality and irrationality coexist.
Topics:

Introduction and Financial Orthodoxy
Rejecting the Random Walk and Efficient Markets
Behavioral Biases and Psychology
The Neuroscience of Decision-Making
Evolution and the Origin of Behavior
The Adaptive Markets Hypothesis
Hedge Funds: The Galapagos Islands of Finance
Applications of Adaptive Markets
The Financial Crisis
Ethics and Adaptive Markets
The Finance of the Future and the Future of Finance

As part of the Open Learning Library (OLL), this course is free to use. You have the option to sign up and enroll if you want to track your progress, or you can view and use all the materials without enrolling. Resources on OLL allow learners to learn at their own pace while receiving immediate feedback through interactive content and exercises.

14.461 is an advanced course in macroeconomics that seeks to bring students to the research frontier. The course is divided into two sections. The first half is taught by Prof. Iván Werning and covers topics such as how to formulate and solve optimal problems. Students will study fiscal and monetary policy, among other issues. The second half, taught by Prof. George-Marios Angeletos, covers recent work on multiple equilibria, global games, and informational fictions.

Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models). Professor Lorenzoni will cover demand shocks, macroeconomic effects of news (with or without nominal rigidities), investment with credit constraints, and liquidity with its aggregate effects.

14.462 is the second semester of the second-year Ph.D. macroeconomics sequence.
The course is intended to introduce the students, not only to particular areas of current research, but also to some very useful analytical tools. It covers a selection of topics that varies from year to year. Recent topics include:

Growth and Fluctuations
Heterogeneity and Incomplete Markets
Optimal Fiscal Policy
Time Inconsistency
Reputation
Coordination Games and Macroeconomic Complementarities
Information

In analyzing fiscal issues, conventional public finance approaches focus mainly on taxation and public spending. Policymakers and practitioners rarely explore solutions by examining the fundamental problem: the failure of interested parties to act collectively to internalize the positive externalities generated by public goods. Public finance is merely one of many possible institutional arrangements for assigning the rights and responsibilities to public goods consumption. This system is currently under stress because of the financial crisis. The first part of the class will focus on collective action and its connection with local public finance. The second part will explore alternative institutional arrangements for mediating collective action problems associated with the provision of local public goods.
The objective of the seminar is to broaden the discussion of local public finance by incorporating collective action problems into the discourse. This inclusion aims at exploring alternative institutional arrangements for financing local public services in the face of severe economic downturn. Applications of emerging ideas to the provision of public health, education, and natural resource conservation will be discussed.

This course provides an overview of airline management decision processes with a focus on economic issues and their relationship to operations planning models and decision support tools. It emphasizes the application of economic models of demand, pricing, costs, and supply to airline markets and networks, and it examines industry practice and emerging methods for fleet planning, route network design, scheduling, pricing and revenue management.

This course covers the key quantitative methods of finance: financial econometrics and statistical inference for financial applications; dynamic optimization; Monte Carlo simulation; stochastic (Itô) calculus. These techniques, along with their computer implementation, are covered in depth. Application areas include portfolio management, risk management, derivatives, and proprietary trading.

This course focuses on alternative ways in which the issues of growth, restructuring, innovation, knowledge, learning, and accounting and measurements can be examined, covering both industrialized and emerging countries. We give special emphasis to recent transformations in regional economies throughout the world and to the implications these changes have for the theories and research methods used in spatial economic analyses. Readings will relate mainly to the United States, but we cover pertinent material on foreign countries in lectures.

This course covers empirical strategies for applied micro research questions. Our agenda includes regression and matching, instrumental variables, differences-in-differences, regression discontinuity designs, standard errors, and a module consisting of 8–9 lectures on the analysis of high-dimensional data sets a.k.a. "Big Data".

The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist's criterion of market efficiency.
Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.

15.012 Applied Macro- and International Economics uses case studies to investigate the macroeconomic environment in which firms operate. The first half of the course develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. The class discusses recent emerging market and financial crises by examining their causes and considering how best to address them and prevent them from recurring in the future. The second half evaluates different strategies of economic development. Topics covered in the second half of this course include growth, the role of debt and foreign aid, and the reliance on natural resources.

This course seeks to establish understanding of the development processes of societies and economies by studying several dimensions of sustainability (environmental, social, political, institutional, economy, organizational, relational, and personal) and the balance among them. It explores the basics of governmental intervention, focusing on areas such as the judicial system, environment, social security, and health, and builds skills to determine what type of policy is most appropriate. We also consider implications of new technologies on the financial sector: Internationalization of currencies, mobile payment systems, and cryptocurrencies, and discuss the institutional framework to ensure choices are sustainable across all dimensions and applications.

This resource is a video abstract of a research paper created by Research Square on behalf of its authors. It provides a synopsis that's easy to understand, and can be used to introduce the topics it covers to students, researchers, and the general public. The video's transcript is also provided in full, with a portion provided below for preview:

"A growing number of governments around the world are using behavioral science to inform public policy. So-called behavioral public policy leverages the scientific process to suggest how government decisions may or may not effect social change. Though rapidly growing, the discipline is still in its infancy. But opportunities for breaking through exist. Reporting in Behavioural Public Policy, members of the Behavioural Insights Team based in London and New York review those opportunities and the challenges that persist in this arena. As part of the world’s first government unit dedicated to using behavioral science, the team offers a valuable take on why behavioral science works and how it might be made to work for more governments worldwide. Though adapted to life outside of academia, behavioral public policy still faces many familiar challenges. Among them is the replication crisis that has gripped the field of psychology..."

The rest of the transcript, along with a link to the research itself, is available on the resource itself.