An economics major examines resource allocation, incentives and wealth in fields like business management, law and public affairs.
We exploit the quasi-experimental setting of a major reform in China’s public vaccine system, which involved expanding vaccine coverage while imposing price controls on affected products. Using newly collected data on vaccine clinical trials and revenues, we estimate that China’s public vaccine ...
Roughly half of the students who intend to major or minor in economics do not have such credits prior to college and must take Economics 101 at Duke, Fullenkamp said. He has taught the course multiple semesters and will teach it next Fall. Most of the students in the class ha...
In Brazil, where the policy rate of 13.75% is one of the highest in the world, President Lula da Silva has sharply criticized the central bank’s course as a major drag on economic prosperity (Exhibit 2).A disinflationary process has been observed in many economie...
Trade Context: Germany, as part of the EU, contributed 4.4% of U.S. trade in 2023. The EU as a whole is a major U.S. trading partner. Tariffs Charged: Prior to April 1, 2025, the EU applied an average tariff of 5.1% on U.S. goods under MFN rules (no U.S.-EU free trade...
There were other lines in the call, but you get the idea – when CEOs of companies that are major leading indicators of economic activity (freight transportation is one of them) are basically saying that they’re not going to be dumping any more capital into the country, you know there is...
At this stage, most of our clients are adopting a wait-and-see approach and it is difficult to provide any concrete assessment of how significantly this might affect demand from our customers in our major markets around the world." “Wait and see” is another way of saying “We’re ...
I see two bad ideas driving this. One is the ancient Luddite fallacy, dating to Ned Ludd 250 years ago. Ludd was afraid of sewing machines. Every major new technology has attracted its mob of would-be destroyers (though they don’t usually physically break the new machines). This one is...
Right now, all signs are pointing to retreat. The count of rotary rigs in use–a proxy for new drilling–has fallen from 1,930 to 1,881 since October, after soaring during most of 2014. Continental Resources, a major force in shale, has announced that it will lower its drilling budget...
About 2.14 million. How would it be possible to show three different lines on the same diagram? You could simply use three different vertical scales – one for each line. You could actually show the units of two (or even all three) on one of the vertical axes. If you glance ...