Development economics game

April 16, 2011 Leave a comment

So, you’ve taken a development class or maybe read a book or two about poverty; do you think you’ve got what it takes to be a development economist?

Filled with pitfalls like droughts and central bank collapse, is a very interesting simulation that allows you to “experience” some of the development challenges facing the global south without actually putting the livelihoods of others at risk (click here for a satirical video about volun-tourism). Happy gaming!


Free interactive learning software

March 22, 2011 Leave a comment

I’ve come across a very useful tool while looking at open access fisheries models. The Wolfram Demonstrations Project offers free interactive software for a variety of economic concepts. The software allows the user to play with various models and get an instant visualization. No more guessing economic reasoning about what happens to economic rents; now it only takes a few clicks. In the fisheries model I played with, I could slide a bar to increase price or units of effort.

Their YouTube channel gives a quick peak at over 6000 of their interactive models. Watch 20-second clips of what you can do with the model and then decide which ones to play with. Very effective time-saving! Now if only I can stay focused on my topic instead of playing with this software…

Natural Monopoly

March 14, 2011 Leave a comment

This site has a monopoly on natural monopoly information! Here’s a great video they link to:

Categories: Uncategorized

Stata and Excel help: Descriptive statistics

February 28, 2011 Leave a comment

This is by far the best tutorial on descriptive statistics commands in Stata. Exel commands are given also in the first half of this very long page.

Thank you, Princeton!

Economics blogs

February 25, 2011 Leave a comment

Here are a few economics blogs you may want to follow:

I will add to this list as I come across interesting blogs. Feel free to leave a comment with suggestions!

Stata help

February 23, 2011 Leave a comment

As part of my data analysis for my honours thesis I’ve had to use Stata. Having learned EViews over the past two years didn’t help at all, except when it came to looking for answers! I found this Queen’s University guide to Stata by Mike Abbott:

Here is a breakdown of the tutorials to help you find which tutorial you need for that pesky Stata problem!

Tutorial 1Getting Started with Stata

Tutorial 2Introduction to Selected Stata Commands

Tutorial 3The Basics of OLS Estimation in Stata

Tutorial 4Generating and Graphing Predicted Values and Residuals After OLS Estimation

Tutorial 5Hypothesis Testing of Individual Regression Coefficients: Two-Tail t-tests, Two-Tail F-tests, and One-Tail t-tests

Tutorial 6Functional Form and Variable Re-scaling in Simple Linear Regression Models

Tutorial 7Estimation and Hypothesis Testing in Multiple Linear Regression Models

Tutorial 8Using Dummy Variable Regressors to Test for Coefficient Differences in Multiple Linear Regression Models

Hopefully these tutorials will help get you going!

Debt explained: Irish context

February 14, 2011 Leave a comment

Bank debt vs Sovereign debt: The People’s Economy explains the difference.