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Teaching Notes: The Battle of Bretton Woods

Teaching Notes: The Battle of Bretton Woods | Collected Economics | Scoop.it
These teaching notes, by author and CFR Senior Fellow and Director of International Economics Benn Steil, feature discussion questions, essay questions, activities, and additional materials for educators to supplement the use of the CFR book The...
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The dropping of the Gold Standard and other important money issues

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Suds for Drugs

Suds for Drugs | Collected Economics | Scoop.it
Tide detergent: Works on tough stains. Can now also be traded for crack. A case study in American ingenuity, legal and otherwise.
Fotheringham's insight:

Year 12!  Welcome to Economics!  Let's talk about money!

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How Does Income Growth Compare to Other Recoveries?

How Does Income Growth Compare to Other Recoveries? | Collected Economics | Scoop.it
Consumer surveys out this week show shoppers are feeling much happier about the economy. But that optimism may not translate into spending. While the spirit is willing, the wallet is weak.
Fotheringham's insight:

Spend, spend while you can!

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Bank of Thailand Cuts Policy Rate

Bank of Thailand Cuts Policy Rate | Collected Economics | Scoop.it
Thailand's central bank cut its main policy rate by a quarter of a percentage point and said it is ready to implement capital controls if necessary to contain the strength of Thailand's currency.
Fotheringham's insight:

Welcome back after the exams period!  And here comes the rate change... excellent graphic on this site.

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What Was on the First SAT? | History & Archaeology | Smithsonian Magazine

What Was on the First SAT? | History & Archaeology | Smithsonian Magazine | Collected Economics | Scoop.it
Explore the exam that has been stressing out college-bound high school students since 1926
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About the UK Peace Index

About the UK Peace Index | Collected Economics | Scoop.it
The United Kingdom Peace Index is the first comprehensive measure of levels of peacefulness within the UK from 2003 to 2012.
Fotheringham's insight:

Neat-o!  An index of peacefulness!  Wonder how we calcaulate that??? Answers here.  Great model.

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Bank of Thailand policy rate remains stable at 2.75% | Bangkok Post: breakingnews

Bank of Thailand policy rate remains stable at 2.75% | Bangkok Post: breakingnews | Collected Economics | Scoop.it
MPC maintains the policy interest rate at 2.75%
Fotheringham's insight:

Thailand!  Maintaining the low rate!  Amazeballs!

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Why is South Africa included in the BRICS?

Why is South Africa included in the BRICS? | Collected Economics | Scoop.it
BRAZIL, Russia, India, China and South Africa recently concluded the fifth annual meeting of the countries known collectively as the BRICs. Or should that be the BRICS?
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Stubbed out

Stubbed out | Collected Economics | Scoop.it
Not so liberating for health care TOBACCO, as generations of schoolchildren have been taught, was brought to Europe from the Americas along with potatoes and piles...
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“Only Satan can grant man the faculty of expelling smoke through the mouth,” declared the Spanish Inquisition in imprisoning Rodrigo de Jerez, one of Columbus’s sailors, and the first person to bring tobacco to Europe. Latin American governments now seem to agree.

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Inside China's most polluted city

As Beijing residents are told to limit time outside because of pollution, some of the 10 million residents in Shinjiazhuang, China's most polluted city, who ...

Via Geoff Riley
Fotheringham's insight:

Yikes, and our colleagues are up around Shinjiazhuang... yikes.

 

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Geoff Riley's curator insight, March 1, 2013 3:19 PM

Social media is being used by those wanting to increase awareness of the external costs of intense air pollution in many of China's urban areas

GENA4 2014's curator insight, May 20, 2013 4:38 AM

AQA - context of CHina's economic growth on the UK economy - think about our ethical awareness, social cost in China etc

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Walker1874_2.jpg (1250x928 pixels)

Walker1874_2.jpg (1250x928 pixels) | Collected Economics | Scoop.it
Fotheringham's insight:

Last one today, promise.  It's a chart of tax rates from 1789 - 1870, made in 1872 by hand, obviously.  Fascinating for historians and economists alike... especially the fact at the bottom.

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Alternative Federal Budget 2013: Doing better together | rabble.ca

Alternative Federal Budget 2013: Doing better together | rabble.ca | Collected Economics | Scoop.it
RT @rabbleca: For comparison's sake, here's the Alternative Federal Budget 2013 http://t.co/4XeDIymghv #cdnpoli #bdgt13
Fotheringham's insight:

I selected this as I feel it's a marvelous effort by a group of people -- creating their own budget!  Fabulous!

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New Study Explores What It Means to Be an IB Teacher

New Study Explores What It Means to Be an IB Teacher | Collected Economics | Scoop.it
Researchers at the International Baccalaureate (IB) set out to learn what ingredients go into making an IB teacher an IB teacher -- to better understand the perspectives and attributes of this effective, dedicated corps of educators and to improve...
Fotheringham's insight:

Interesting... wonder if IB teachers are objective enough to determin what makes an IB teacher... or if it would be preferrable to our study?

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Germany lends real value to bitcoin virtual money | Business | DW.DE | 22.08.2013

Germany lends real value to bitcoin virtual money | Business | DW.DE | 22.08.2013 | Collected Economics | Scoop.it
Germany has recognized the online currency bitcoin as a legal unit of currency. The move improves the virtual currency's image, but also means the people who have bitcoins will have to answer to the tax man.
Fotheringham's insight:

Bitcoin, currency recognised in Germany...

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Fotheringham's comment, August 22, 2013 10:02 PM
...and made illegal for Thailand.
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Non-prophet Economics - New York Times (blog)

Non-prophet Economics - New York Times (blog) | Collected Economics | Scoop.it
Non-prophet Economics
New York Times (blog)
A few days ago Noah Smith had a good piece on the many people who beat their breasts and loudly boast about having “predicted the crisis”.
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Non-profit economics... interesting.

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Benford’s Law: using stats to bust an entire nation for naughtiness. – Bad Science

Benford’s Law: using stats to bust an entire nation for naughtiness. – Bad Science | Collected Economics | Scoop.it

Imagine a large dataset, say something like a list of every country and its population.  

Chances are, the leading digit will be a 1 more often than a 2. And 2s would probably occur more often than 3s, and so on.

This odd phenomenon is Benford's Law. If a set of values were truly random, each leading digit would appear about11% of the time, but Benford's Law predicts a logarithmic distribution. It occurs so regularly that it is even used in fraudulent accounting detection.

Fotheringham's insight:

One of my favourite statistics phenomenon.  And then there's this site: http://testingbenfordslaw.com that allows you to test it!  Fabulous!

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Math in a Time of Excel: Economists' Error Undermines Influential Paper - DailyFinance

Math in a Time of Excel: Economists' Error Undermines Influential Paper - DailyFinance | Collected Economics | Scoop.it
Carmen Reinhart and Kenneth Rogoff are economics luminaries, with chairs at Harvard and stints at the IMF. But is their most famous argument the result of an Excel mistake?
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SXSW 2013 – Economics, Consumer Psychology, and Music

SXSW 2013 – Economics, Consumer Psychology, and Music | Collected Economics | Scoop.it
Hi everyone! It was great speaking to you all, and I hope that out paths will cross again at some point. In particular, I am currently working with Columbia University Press on two books about the ...
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Really interesting article about the music industry and music and valuation.

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BERNAMA - Thai Exports Likely To Grow By 6.9 Per Cent In 2013

Fotheringham's insight:

Fabulous!  Thai exports growing, whie the interest rate remains low!!!

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If You Share This Article, You're A Narcissist

If You Share This Article, You're A Narcissist | Collected Economics | Scoop.it
A new study links sharing of science articles online with narcissism. ha.
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Editorial: Connection between kids taking up smoking and divorce is strong

Editorial: Connection between kids taking up smoking and divorce is strong | Collected Economics | Scoop.it
Unless same sex marriage is in the news, marriage itself receives relatively little attention. Sure, marriage is considered a virtue by most people, but its benefits are rarely discussed.
Fotheringham's insight:

Love that the woman they chose from this picture has her nails bejazzeled.  Interesting article statistically...

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Can Mark Zuckerberg and his friends convince conservatives and labor unions to support immigration?

Can Mark Zuckerberg and his friends convince conservatives and labor unions to support immigration? | Collected Economics | Scoop.it
Facebook CEO Mark Zuckerberg is joining with like-minded US tech execs, including LinkedIn's Reid Hoffman, to fund a $50 million political organization backing comprehensive immigration reform, and down the road, education and funding for...
Fotheringham's insight:

My new favourite magazine... Quartz.  Interesting articles -- trendy, but interesting (as though trendy were a bad thing)

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Environmental Economics: Daily demand and supply: long run exit

Environmental Economics: Daily demand and supply: long run exit | Collected Economics | Scoop.it
This is a good one: The main subsidiary of Suntech Power, one of the world's largest makers of solar panels, collapsed into bankruptcy in a remarkable reversal for what had been part of a huge Chinese government effort to ...
Fotheringham's insight:

Environmentalists take note.  :(

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The complete guide to taking notes effectively at work

The complete guide to taking notes effectively at work | Collected Economics | Scoop.it
The value of note-taking—or notebooks at least—gets a stock market capitalization in the coming weeks with Moleskine's planned IPO. The Italian stationery firm has boosted the profile of note-taking at companies around the world.
Fotheringham's insight:

Really very interesting little note here on Moleskine specifically, but the art of note taking generally... docments contained within  (http://www.drewhajduk.co.uk/index.php/smart-wisdom-note-taking-made-easy/) talk about effective mind-mapping and are very interesting.

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