Explore how the circular flow model illustrates money's movement through an economy, cycling from producers to consumers, influencing GDP.

Models can predict catastrophic or modest damages from climate change, but not which of these futures is coming.

Explore the connection between neoclassical economics and neoliberalism, focusing on the shared principles of free markets, ...

Structural economic models, while parsimonious and interpretable, often exhibit poor data fit and limited forecasting performance. Machine learning models, by contrast, offer substantial flexibility ...

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

Reimagining national economies by blending entrepreneurial mysticism with economics to unlock imagination, innovation, and ...

When wars, pandemics, and trade disruptions shake global markets, one question becomes urgent for every nation: can we feed ourselves? A new study from the Hebrew University of Jerusalem offers an ...

Authoritarianism, not economic systems, is the true source of historical disasters, as it suppresses dissent, controls information, and concentrates power in the hands of a few.

Wendy Carlin explains how a new approach to economics education can help address pressing societal problems In the early 2010s, a widespread feeling that economics teaching was failing students ...

We are living at a time when large language models increasingly make choices once reserved for people. From writing emails to guiding business decisions, these systems shape daily life. That shift has ...

Economics is the study of the allocation of scarce resources. The subject of this course is microeconomics, which examines the decision making of individuals and firms with regard to consumption, ...