Mercy Corps PowerPoint Presentation

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CPMCreative Positive MindsGROUP
Economics and Noble CPM Group
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Economic and Noble
P r e s e n t e d b y Mahmoud Reda Abdel Razek
E-mail Reda_5110_at_Hotmail.com
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Economic Definition
Is the study of how individuals and societies
choose to use their scarce resources in order
to best satisfy their Material wants
(Scarce resources)
(Best use)
(Material wants)
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Economic Definition
Three economizing decision facing all
nations. What? How? For whom?
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Inflation
Occurs when the general level of prices is
rising.
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Inflation
Low
Galloping
Hyper
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Inflation
Low
Galloping
Hyper
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Money
Money
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Nobel Prize in Economics 2007
USA University of Minnesota Minneapolis, MN, USA
B. 1917(in Moscow, Russia)
Leonid Hurwicz
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Nobel Prize in Economics 2007
USA Institute for Advanced Study Princeton, NJ,
USA B. 1950
Eric S. Maskin
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Nobel Prize in Economics 2007
USA University of Chicago , IL, USA B. 1951
Roger B. Myerson
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Nobel Prize in Economics 2007
"for having laid the foundations of mechanism
design theory"
-Buyer seller -Fail to trade -How the cost
should be shared? -Insurance, transportation
etc -Largest expected revenue for the
seller -Why there is often no good market
solution to the problem of providing public
goods? -piano(x-y)
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History of Economics laureates
1969
"for having developed and applied dynamic models
for the analysis of economic processes"
Ragnar Frisch Norway University of Oslo ,
Norway b. 1895d. 1973
Jan Tinbergen The Netherlands School of
Economics Rotterdam, b. 1903d. 1994
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History of Economics laureates
1973
"for the development of the input-output method
and for its application to important economic
problems"
Wassily Leontief USA Harvard University
Cambridge, MA, USA b. 1906(in St. Petersburg,
Russia)d. 1999
Paradox of value
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History of Economics laureates
1971
"for his empirically founded interpretation of
economic growth which has led to new and deepened
insight into the economic and social structure
and process of development GDP
Simon Kuznets US Harvard University Cambridge,
MA, USA b. 1901(in Russia)d. 1985
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History of Economics laureates
1971
for their analyses of markets with asymmetric
information"
George A. Akerlof USA University of California
Berkeley, CA, US b. 1940
Michael Spence USA Stanford University Stanford,
CA, USA b. 1943
Joseph E. Stiglitz USA Columbia University New
York, NY, USA b. 1943
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History of Economics laureates
2002
Daniel Kahneman USA and Israel Princeton
University Princeton, NJ, USA b. 1934(in Tel
Aviv, Israel)
Vernon L. Smith USA George Mason University
Fairfax, VA, USA b. 1927
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History of Economics laureates
2002
"for having integrated insights from
psychological research into economic science,
especially concerning human judgment and
decision-making under uncertainty"
"for having established laboratory experiments as
a tool in empirical economic analysis, especially
in the study of alternative market mechanisms"
Israel
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History of Economics laureates
2004
"for their contributions to dynamic
macroeconomics the time consistency of economic
policy and the driving forces behind business
cycles"
Finn E. Kydland Norway Carnegie Mellon
University Pittsburgh, PA, USA University of
California Santa Barbara, CA, USA b. 1943
Edward C. Prescott USA Arizona State University
Tempe, AZ, USA Federal Reserve Bank of
Minneapolis Minneapolis, MN, USA b. 1940
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History of Economics laureates
2005
Thomas C. Schelling USA University of Maryland,
Department of Economics and School of Public
Policy College Park, MD, USA b. 1921
"for having enhanced our understanding of
conflict and cooperation through game-theory
analysis"
Robert J. Aumann Israel and USA University of
Jerusalem, Center for RationalityHebrew
Jerusalem, Israel b. 1930
..
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History of Economics laureates
1998
"for his contributions to welfare economics"
Amartya Sen India Trinity College Cambridge,
United Kingdom b. 1933
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History of Economics laureates
2006
"for his analysis of intertemporal tradeoffs in
macroeconomic policy"
International Trade
Edmund S. Phelps USA Columbia University New
York, NY, USAb. 1933
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Economics . Life . Noble
People
.
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THANKS FOR YOUR ATTENTION
Economic and Noble
P r e s e n t e d b y Mahmoud Reda Abdel Razek
E-mail Reda_5110_at_Hotmail.com
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References
Book references
-Microeconomics Private And Public Choice 4th
Edition.-Microeconomics Second
Edition-Economics 7th Edition.-International
Economics 8th Edition by Dominick
Salvatore. -Economic Development (NINTH EDITION)
by Michael p. todaro and Stephen C.Smith
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References
Online reference
www.Nobelprize.org
www.wikipedia.org
www.econ.iastate.edu.
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(No Transcript)
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CPMCreative Positive MindsGROUP