Economics @ ITT

Higher Risks, Lower Rewards, and a Shrinking Safety Net

Posted in economics, employment, Policy Issues by ittecon on January 29, 2010

Distinguished Harvard University law scholar Elizabeth Warren gives an excellent lecture at UC Berkley in March 2007 about the income disparities and greater economic risks for a family in 2005 versus 1970 and the shrinking middle class. It lasts about an hour.

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Opposition Grows Against Second Term for Bernanke

Posted in economics, macroeconomics, Policy Issues, Uncategorized by ittecon on January 23, 2010
Ben Bernanke’s re-confirmation is facing an uphill battle. Stay tuned.

Economics of Oil

Posted in economics, microeconomics by ittecon on January 12, 2010

This is an relevant article about cost/benefit analysis as it relates to oil extraction. This field in Schoonebeek, Netherlands was shut down when oil prices dropped, but demand has influenced the oil price, which is now selling for over $80 a barrel, it is worth it to reopen it.

If Fed Missed This Bubble, Will It See a New One?

Posted in Uncategorized by ittecon on January 6, 2010

An interesting New York Times article asking how can the Obama administration and Ben Bernanke be asking for the Fed to have more powers, when it couldn’t even see the last bubble coming in the first place.