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Money on the Mind

Money on the Mind is a blog on behavioural economics “& other mind-blowing things” by a Dutch PhD student at Warwick Business School.

It has some recent interviews with behavioural economists, including UEA’s Professor Sugden.

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UEA ECO Blog

UEA’s School of Economics has a blog – or rather, a collection of blogs. These include Staff Blogs, Meet the Lecturers and Student Blogs.

Some posts:

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LSESU Economics Society essay competition

The London School of Economics Students’ Union Economics Society has an essay competition.

Entry is open to students in their final two years of secondary school, or in sixth form college (including students taking A-Level, the International Baccalaureate, or any other equivalent curriculum). Entrants do not have to be studying at schools within the UK – we accept essays from any school from all countries!

This year the questions are:

  1. “We as a nation, lost $817 billion dollars on trade. That’s ridiculous and it’s unacceptable.” – President Donald Trump.
    Do you agree that a trade deficit is always harmful to a country’s economy?
  2. “If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.” – John Maynard Keynes
    Do you agree with Keynes? Justify your answer.
  3. Should governments bail out banks that go bankrupt?
  4. Recently, there have been proposals to introduce a 3-day weekend. To what extent is this economically feasible and would this benefit the economy?

The deadline is 1st August.

Source: Why Study Economics?

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Economics games

The Economics Network has some games for economics classes. For example:

These are not computer games, but require pencils and paper, scissors, tennis balls, etc.

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Galbraith vs. Friedman

The Age of Uncertainty is a BBC television series about the evolution of economic thought from Adam Smith onwards. It was written and presented by the post-Keynsian economist John Kenneth Galbraith and broadcast in 1977.

In response the free-market economist Milton Friedman made a TV series called Free to Choose.

Both The Age of Uncertainty and Free to Choose are currently available on YouTube. Books associated with the two series are in UEA Library.

Also, Joseph Stiglitz writes about Galbraith and Mark Skousen writes about Friedman in the Christian Science Monitor.

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A simple guide to Brexit

Today people in Britain can vote in elections to the European Parliament, possibly for the last time.

If you keep hearing about Brexit, but still don’t know much about it, the BBC has a simple guide.

There is also a more detailed one.

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Economist’s View

There are numerous blogs on economics and related subjects, with new posts every week. One blog that regularly provides links to them is Economist’s View.

For example:

It also has a permanent list of about 150 blogs.

Even if you are not particularly interested in economics, many of these blogs discuss other current issues too.

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Economics essays by students

The Royal Economic Society holds an annual essay competition for sixth form students. Recent titles have included:

  • Does economics have the answer for the global problem of plastics pollution?
  • “GDP does not measure the output of the economy any more”. Do you agree, and if so, what improvements would you suggest?
  • “Some internet companies have become too big for the good of society and should be broken up”. Do you agree?
  • “If you don’t look after your health, you can’t expect free access to healthcare”. Is this wrong? What are the economic arguments?
  • Should internet companies like Uber and Airbnb be regulated?

You can read the winning essays online.

(There is no mention of the competition for this year, so perhaps it has been abandoned.)

Update: There is a competition in 2019 after all. See here.

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Studying Economics

Studying Economics offers advice, help and information for economics undergraduates. Besides the tips on study skills, careers, etc., there are some distractions – links to economics-related videos, songs, games, etc.

For example, there’s a catchy song from the Bank of Ghana about their new currency unit and a video of Yoram Bauman, Ph.D., a “stand-up economist”, in which he simplifies Gregory Mankiw’s 10 Principles of Economics for a general audience:

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Economic data online

Economic Data freely available online is a collection of links to economic and market data in the UK and other countries.

Do you know what the current inflation rate is in Uzbekistan? The Asian Development Bank can tell you.*

The links are compiled by John Sloman, a name that should be familiar to INTO economics students, for The Economics Network.

*14% for 2019 (forecast)

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We The Economy

We The Economy is a series of 20 short films which you can watch online. The films look at economics in general and the US economy in particular, and try to answer these questions:

  • What is the economy?
  • What is money?
  • What is the role of our government in the economy?
  • What is globalization?
  • What causes inequality?

Told through animation, comedy, musical, non-fiction, and scripted films, WE THE ECONOMY seeks to demystify a complicated topic while empowering the public to take control of their own economic futures.

For example, the film Cave-o-nomics (pictured) asks:

How did the economy get started?
Meet Ugg, Glugg and Tugg, three enterprising cave men who accidentally invented trade, marketing and the base elements of the modern market economy.

The films were produced by Morgan Spurlock (director and star of SuperSize Me) and Paul Allen, co-founder of Microsoft.

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Norwich Economic Papers

Norwich Economic Papers is a journal written and edited by UEA School of Economics students, some of them graduates of INTO. In fact, one of our student wardens is the current editor.

There are 18 volumes so far, dating from 2010 to 2018. The latest volume includes articles on:

  • wage discrimination on Irish immigrants
  • the environmental impact of plastic waste
  • why people smoke
  • the fiscal viability of Universal Basic Income.

You can read all of the volumes online.