Beginning econometrics students often have an uneven preparation in statistics. The simulation …
Beginning econometrics students often have an uneven preparation in statistics. The simulation gives students a clearer understanding of the behavior of OLS estimators.
A Beautiful Mind won the Academy Award for best picture in 2001 …
A Beautiful Mind won the Academy Award for best picture in 2001 and it chronicles the life of John Nash who is noted for his pioneering work on general equilibrium theory. This scene is a great way to discuss self-interest and contrast it with the social optimum. Nash's work has augmented Adam Smith's "invisible hand" theory by extending how self-interest is modeled. This scene is must viewing even though the scene itself contains flawed economics (explaining why the scene is NOT a Nash equilibrium helps students learn the concept in greater depth).
This is a three-part project spanning five weeks that uniquely interweaves individual …
This is a three-part project spanning five weeks that uniquely interweaves individual and cooperative learning in the context of health care reform and the 2008 United States presidential campaign.
A high-level explanation of digital signature schemes, which are a fundamental building …
A high-level explanation of digital signature schemes, which are a fundamental building block in many cryptographic protocols. Created by Zulfikar Ramzan.
An explanation of cryptographic proof-of-work protocols, which are used in various cryptographic …
An explanation of cryptographic proof-of-work protocols, which are used in various cryptographic applications and in bitcoin mining. Created by Zulfikar Ramzan.
The mechanics of a bitcoin transaction block chain, which is a construct …
The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins. Created by Zulfikar Ramzan.
The basic mechanics of a bitcoin transaction between two parties and what …
The basic mechanics of a bitcoin transaction between two parties and what is included within a given bitcoin transaction record. Created by Zulfikar Ramzan.
Learn about the difference between stocks and bonds. Topics include the key …
Learn about the difference between stocks and bonds. Topics include the key characteristics that define an asset as a bond vs. a stock. Created by Sal Khan.
Over a billion people worldwide live on less than $1.25 a day. …
Over a billion people worldwide live on less than $1.25 a day. But that number is falling. This has given credence to the idea that extreme poverty can be eliminated in a generation. A new study by Brookings researchers examines the prospects for ending extreme poverty by 2030 and the factors that will determine progress toward this goal. The interactive tool below allows users to explore the study’s key findings.
Students often come to a principles course in economics with knowledge that …
Students often come to a principles course in economics with knowledge that is not correct. This example asks students to guess the percent of federal expenditures for different spending categories. They are then shown the actual percentages. The student results can be the source of a class discussion on why many of their initial estimates were wrong (as they generally are). Students can also create their own budget by changing the amounts spent in each category. Budget Explorer, implemented over the internet, uses data from the Public Budget Database of the White House Office of Management and Budget.
This is the first edition of the open text book Building a …
This is the first edition of the open text book Building a Competitive Investment Climate on First Nation Lands. This textbook is for students who are First Nation and tribal government employees or students who would like to work for or with First Nation and tribal governments. The purpose of this textbook is to help interested First Nation and tribal governments build a competitive investment climate. Work began on this text book in early 2012 with a generous grant from the Donner Canadian Foundation. Financial support was also provided by the First Nations Tax Commission and the Tulo Centre.
This video demonstrates how different points of the business cycle correspond to …
This video demonstrates how different points of the business cycle correspond to the production possibilities curve. The discussion includes unemployment, inflation, expansions, recessions and economic growth.
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