Economics Resources

Here are a few good places to go for economics-related stuff. Feel free to add your own.

Data Sources
Penn World Table(s) 6.2 – Fantastic source of info for 24 variables (GDP, Population, Exchange Rate, etc.) on 188 countries over 54 years. Completely free.
Central Bank – Statistics from Dame St.
Central Statistics Office – (Choose a theme from the dropdown) – Probably the best site for Irish statistical information on just about everything.
ESRI Databank – Authorised users only – Same old.
EuroStat – European Union statisics agency; very comprehensive, even includes information of social cohesion etc.

Generally Useful Links
World Bank
International Monetary Fund (IMF)
Organisation for Economic Co-operation and Development (OECD)
Department of Finance website
European Central Bank (ECB)
EH.net – Economic History
JSTOR – Academic journal source. Click here to browse the economics journals.
UN Development Programme – 2006 Report available here.
[url=http://www.ntma.ie/home.html[/url]National Treasury Management Agency (NTMA)[/url]

Newspapers, etc.
The Economist
Financial Times
RGE Monitor – Top economic issues of the day.
Business & Finance magazine
Student Economic Review – Ireland's only student economic journal.

Irish Universities
Trinity College, Dublin
University College, Dublin
National University of Ireland, Maynooth
National University of Ireland, Galway
University College Cork
University of Limerick
Dublin City University

Useful/Recommended Reading
Freakonomics – Dr. Steven Levitt – Extremely popular book on applications of economics
The Undercover Economist – Tim Harford – Similar vein to Freakonomics
The End of Poverty – Prof. Jeffrey Sachs – How to stop 2.8bn living on less than $2 a day.
Globalization and Its Discontents – Prof. Joseph Stiglitz – Read the problems that do exist with the prospering globalisation process.
Making Globalization Work – Prof. Joseph Stiglitz – The follow-up to Globalization and its Discontents.
The Pope's Children – David MacWilliams – Well-written, accessible socio-economic analysis of Celtic Tiger Ireland.
No Logo – Naomi Klein – For thinking outside the box.
The Great Unravelling – Dr. Paul Krugman – Superb collection of critiques of the Bush administration.
[Microeconomics] Intermediate Microeconomics – Dr. Hal Varian – Text for microeconomics
[Macroeconomics] Macroeconomics – Prof. Olivier Blanchard – Text for macroeconomics
[Econometrics] Introductory Econometrics – Dr. Jeffrey Wooldridge – Text for econometrics
[The Irish Economy] Economy of Ireland – Prof. J O'Hagan & Dr. Carol Newman (eds.) – Far and away the best introductory text to the Irish economy available

http://www.globaleconomicanalysis.blogspot.com/

A great blog by Mike Shedlock , well ahead of the curve on documenting the housing crash in the US and credit crunch

There's a new blog here on 'The Irish Economy'. Contributions from some of Ireland's top economists.

http://stlouisfed.org/timeline/timeline.cfm

A timeline of events of the credit crises from the St. Louis Fed.

Some books on advanced Econometrics (PhD level for the most part):

Time Series Analysis - Hamilton

Econometric Analysis - Greene

Econometric Theory and Methods - Davidson & MacKinnon


If you're seriously considering Econometric modelling as a profession, these will give you a broad and deep knowledge of the discipline. For self-study, you'd want to be fairly comfortable with mathematics, specifically linear, vector and matrix algebra and some statistics. From what I've been told the first two books would probably do you but I like reading about Econometrics so I now own all three, plus a few other ones...

The Ludwig von Mises Institute is the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics.
http://mises.org/about.aspx

Classics of Political Economy for Free
http://marxists.anu.edu.au/reference/subject/economics/index.htm

THE HISTORY OF ECONOMIC THOUGHT WEBSITE
http://cepa.newschool.edu/het/

John Maynard Keynes
http://marxists.anu.edu.au/reference/subject/economics/keynes/index.htm

John Kenneth Galbraith
http://en.wikipedia.org/wiki/John_Kenneth_Galbraith

Philippe Legrain
http://en.wikipedia.org/wiki/Philippe_Legrain

financial talk radio and web pages
http://www.financialsense.com/

http://www.chrismartenson.com/crashcourse
The Crash Course seeks to provide you with a baseline understanding of the economy so that you can better appreciate the risks that we all face. The Intro below is separated from the rest of the sections because you'll only need to see it once...it tells you about how the Crash Course came to be.

Richard C. Koo, Chief Economist from the Nomura Research Institute, held an "Economic Outlook Discussion" at a private luncheon at CSIS.

http://csisweb.blip.tv/file/1975935/


http://www.zerohedge.com/sites/default/files/090326_koo_presentation.pdf


As Koo frames them, the key features of a balance sheet recession are the following:

A balance sheet recession emerges after the bursting of a nationwide asset price bubble that leaves a large number of private-sector balance sheets with more liabilities than assets.
In order to repair their balance sheets, private sector moves away from profit maximization to debt minimization.
With the private sector de-leveraging, even at zero interest rates, newly generated savings and debt repayments enter the banking system but cannot leave the system due to the lack of borrowers.
The sum of savings and debt repayments end up becoming the leakage to the income stream.
The deflationary gap created by the above leakage will continue to push the economy toward a contractionary equilibrium until the private sector is too impoverished to save any money (=depression).
In this type of recession, the economy will not enter self-sustaining growth until private sector balance sheets are repaired.

Anonymous1987 wrote: »

Whoever said Economists can't become rich by modeling the market must not have heard of Long Term Capital Management.

In the long-run, we're all dead :pac:

Anonymous1987 wrote: »

Hey I never said they stayed rich . Should have been an eye opener before today's market went bust regarding systematic risk and leverage.

You'd think that but no, it never happens. The next bubble people will think they've solved the problems that caused this one to burst etc.

interesting lady

Elinor Ostrom delivered her Prize Lecture on 8 December 2009 at Aula Magna, Stockholm University. She was introduced by Professor Bertil Holmlund, Chairman of the Economic Sciences Prize Committee.

http://nobelprize.org/mediaplayer/index.php?id=1223