Econometrics package

Now there is still a big problem, in my opinion.

So this right over here, that is

He's a financial analyst with a pretty good reputation for his analysis of economic trends.

When the crisis came, the serious limitations of existing economic and financial models immediately became apparent.

Microeconomics .. and those actors could be firms, could be people, it could be households.

And macro economics is probably more guilty of it.

That's normally what the fed is concerned about.

Economic games. So what we do is we go into two areas.

Von Mises, interestingly, believes economics is just a subset of psychology.

The topics range from math

The financialization of the economy has been in a dramatic change in the last roughly 30 years.

a latticework on which to hang your ideas.

The economy still hasn't completely recovered from the financial crisis.

Economics is the study of economic mechanisms.

It has value because people agree that it has value.

The bottom of the pyramid is benefiting hugely from technology.

What about religion, poverty, economics...?

He studied economics at college.

We can see that we can take this equation and it can apply to things in economics, or it can apply to things in finance or it can apply to things in computer science or logic or electrical engineering or anything accounting

And the thing is, is that this isn't Google.

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

And the United States up there is getting for longer life, keeping family size.

COuld lead to more wealth, more, a larger pie for everyone.

We have this view of ourselves, of others.

But this does not apply the other way around.

Westerners own two thirds of its wealth.

Here's another one.

My employer an economist.

Descriptive Statistics. As it's said in the first lecture, most introductory

Here's a guy you all need to study.

So this is exactly what I did.

He is a great authority on economics.

He is a great authority on economics.

Instead, what we saw is a lot of people who cheat a little bit.

Regardless of the outcome, the pure act of anticipation makes us happy.

And they see a 20 bill.

And we call that M1.

Great.

And one of the problems that we face, I think, is that the only people that have cornered the market in terms of progress is a financial definition of what progress is, an economic definition of what progress is that somehow, if we get the right numbers to go up, we're going to be better off, whether that's on the stock market, whether that's with GDP and economic growth, that somehow life is going to get better.

But the middle class is clearly under huge threat right now.

The laws of nature are written in the language of calculus.

And actually in the period through which we've been working over the last 18 years partly because of the financial crisis and a little bit of humility in the profession of economics actually people are engaging in this issue in all sorts of countries around the world.

What I would like to see is idealism decoupled from all constraints.

Well there's a couple of ways to do it.