Ingo Böbel

 

MonacoMBA Information

Page history last edited by Ingo Böbel 2 wks ago

 

 IUM-MBA is ranked number 42 worldwide in 2009!! See THE ECONOMIST's "WHICH MBA" ranking:

 

http://www.economist.com/business-education/whichmba/


2009  Nobel Prize in Economics

 

Oliver Willamson and Elinor Ostrom will share the sum of 1.4 million dollars or 10 million Swedish kronor as they have been jointly honored as the recipient of 2009 Nobel Prize in the field of Economics. The Nobel Prize Committee has honored the two economists of the United States for their outstanding achievement in their respective fields.

In a speech, the Royal Swedish Academy of Sciences in Stockholm, stated that Elinor Ostrom has given the demonstration on the ways by which the associations can make use of the common property. Referring to Oliver Willamson’s works, the Academy stated he has, “developed a theory where business firms serve as structures for conflict resolution.” Nobel laureate Elinor Ostrom and Oliver E. Williamson will now share the stand with other world famous economists who had received the Nobel Prize in the past years. Oliver E. Williamson was a professor at California Berkley University. The other recipient of the same award Elinor Ostrom is a professor of Indiana University.

 

Read: http://www.economist.com/businessfinance/economicsfocus/displaystory.cfm?story_id=14638409#

On Ostrom (in Italian): http://www.lavoce.info/articoli/pagina1001332.html


 

Read more: http://www.thaindian.com/newsportal/world/nobel-prize-in-economics-2009-goes-to-us-economists_100259688.html#ixzz0Tk2mAxOn

 


 

 

 


The Best 100 Economics Blogs

 

  1. Economics Help: Economics Help offers assistance with simplifying economics.
  2. EconLog: The Library of Economics and Liberty offers issues and insights in economics.
  3. Cafe Hayek: Learn about globalization, choice, financial markets, randomness, and more on Cafe Hayek.
  4. The Economic Populist: The Economic Populist allows readers to speak their mind about economics.
  5. Economic Logic: Economic Logic shares the economics in everything.
  6. Alpha Sources: Alpha Sources is interested in new ideas.
  7. Economists Do It With Models: This blog takes a lighthearted look at economics.
  8. Manarin on Money: Roland Manarin is an author offering his perspective on economics.
  9. The Big Picture: The Big Picture offers a macro perspective on economics.
  10. Citizen Economists: Citizen Economists highlights economic thought from the common man and woman.
  11. The Economics Roundtable: On the Economics Roundtable, you’ll find an aggregation of some of the best economics blogs out there.
  12. Jeff Matthews Is Not Making This Up: Get an insider’s look into economics from Jeff Matthews.
  13. DataPoints: DataPoints offers a free and open exchange on the economy.
  14. The Undercover Economist: Check out this blog to learn about the economics of everyday life from Tim Harford.
  15. Dollars & Sense: Dollars & Sense presents news about real world economics.
  16. Economix: Read Economix to learn about economics in everyday life.
  17. Visualizing Economics: Visualizing Economics makes the invisible hand visible with graphs and charts.
  18. Cato Unbound: Cato Unbound offers regular essays on big-picture topics from some of the world’s leading thinkers.
  19. EconoSpeak: EconoSpeak shares the annals of the economically correct.
  20. Overcoming Bias: Economist Robin Hanson writes this blog about honesty, signaling, disagreement, forecasting, and the far future.
  21. Economists’ Forum: On this blog, leading economists discuss important topics in economics.
  22. Freakonomics: The Freakonomics blog reveals the hidden side of everything.
  23. Angry Bear: Angry Bear offers economic commentary on news, politics, and more.

News

Make use of these blogs to stay on top of economics news.

  1. Real Time Economics: Find economic insight and analysis from The Wall Street Journal on Real Time Economics.
  2. Beat the Press: Dean Baker comments on economics reporting on this blog.
  3. EconoMonitor: Find economic and financial intelligence that matters on EconoMonitor.
  4. macroblog: Find commentary on economic politics from macroblog, written by the Atlanta Fed.
  5. EconoPundit: Read EconoPundit to find economic news and views.
  6. Free Exchange: Check out Free Exchange to learn about economics from The Economist.

Business

These blogs focus on business in economics.

  1. Economics Unbound: Michael Mandel provides his perspective on economic issues in business today.
  2. footnoted: Michelle Leder will help you find out what’s being hidden in SEC filings.
  3. Businomics: Businomics will help you make better decisions by better understanding the economy.
  4. Dealbreaker: Dealbreaker offers business news, headlines, and financial gossip.
  5. Megan McArdle: Megan McArdle writes this blog about economics, business, and more.
  6. The Atlantic Business: This blog covers bankruptcy reform, cutting spending, and beyond.
  7. SEC Data Guy: Check out this blog about SEC EDGAR data.
  8. The Deal Professor: Steven M. Davidoff writes about the world of mergers and acquisitions.
  9. I Will Teach You To Be Rich: Ramit Sethi’s blog offers the best of personal finance and entrepreneurship.
  10. 10Q Detective: David Phillips digs through businesses’ SEC filings.
  11. Calculated Risk: Bill McBride is a retired senior executive with a background in management, finance, and economics.

Educators

Learn from researchers, professors and more on these economics blogs.

  1. Greg Mankiw’s Blog: This professor of economics offers random observations for students of economics.
  2. Econbrowser: Econbrowser offers economics analysis from James D. Hamilton and Menzie Chinn.
  3. Knowledge Problem: Lynne Kiesling and Michael Giberson offer their view on economics on Knowledge Problem.
  4. The Everyday Economist: Josh Henderson of The Everyday Economists is a professor of microeconomics and econometrics at Wayne State University.
  5. The Epicurean Dealmaker: The Epicurean Dealmaker discusses the world of mergers and acquisitions.
  6. Grasping Reality with Both Hands: Brad DeLong is an economist at Berkeley that offers a reality based look at economics.
  7. Ideas: David Friedman is a self-taught academic economist at a law school.
  8. Economist’s View: Mark Thoma of University of Oregon offers his view on economics on this blog.
  9. EclectEcon: EclectEcon delivers on the eclectic side of economics.
  10. Robert Reich: Rober Reich is a former Secretary of Labor and professor at the University of California at Berkeley.
  11. The Becker-Posner Blog: These two University of Chicago professors offer authorative learning in economics.
  12. The Conscience of a Liberal: Paul Krugman discusses economics and politics in this blog.
  13. Mises Economics Blog: This blog advances the scholarship of Ludwig von Mises.
  14. MV=PQ: This blog offers a resource for economics educators concerned with economic and financial literacy issues.
  15. The Seven Scholars: The Seven Scholars share a macro perspective on economics.
  16. Aspiring Economist: The Aspiring Economist is a second year graduate student of economics.
  17. Adam Smith’s Lost Legacy: This blog is a study on Adam Smith.
  18. Aplia Econ Blog: The Aplia Econ Blog offers news that relates to your economics classes.
  19. Economics Revealed!: Economics Revealed! will help you understand economic fundamentals by examining them in the real world.
  20. Fly Bottle: Will Wilkinson is a research fellow at the Cato Institute.
  21. Welker’s Wikinomics: Welker’s Wikinomics offers a collaborative platform for teaching and learning economics.

Markets

These blogs focus on markets and investment.

  1. Winter Economic and Market Watch: Keep an eye on Wall Street on this blog.
  2. American Association of Wine Economists: Here you’ll find a blog on the economics of wine and food.
  3. The Health Economics Blog: With this blog, you’ll get insight into trends, politics, opinions, and more in biotech and pharmacy.
  4. Curious Cat: Curious Cat discusses investing and economics on this blog.
  5. Seeking Alpha: Seeking Alpha offers stock market news, investing ideas, and lots more.
  6. A Dash of Insight: A Dash of Insight takes an eclectic approach to trading and investing.
  7. Bronte Capitalism: This blog explores investment ideas from the position of learning what’s wrong.
  8. Abnormal Returns: Abnormal Returns offers an investment blog that’s wide ranging and without forecasts.
  9. Crossing Wall Street: Crossing Wall Street offers a guide to financial success.
  10. naked capitalism: Get a stripped down look at capitalism on this blog.
  11. Capital Gains and Games: Capital Gains and Games discusses Washington, Wall Street, and everything in between.
  12. MarketBeat: Get an inside look at the markets from Wall Street Journal’s MarketBeat.

Hard Times

Learn about the recession and reform from these blogs.

  1. Bankruptcy Beat: This blog offers a look at companies that are in trouble.
  2. Dr. Housing Bubble: On Dr. Housing Bubble, you’ll get a look at the current real estate market.
  3. TheMoneyIllusion: Check out this blog to learn about the problem of monetary policy.
  4. Global Economics Watch: In this blog, you’ll find a global economic crisis resource center.
  5. BailoutSleuth: Check out BailoutSleuth to get the lowdown on the latest bailouts.
  6. Crisis Talk: Crisis Talk discusses emerging markets and the financial crisis.
  7. Economy Watch: Frank Ahrens discusses the financial crisis.
  8. Financial Armageddon: Financial Armageddon shares information about the coming economic unraveling.
  9. Boom2Bust: Boom2Bust warns and educates its readers about the coming US financial crash.
  10. The Baseline Scenario: This blog attempts to explain what happened to the global economy, and what we can do about it.
  11. Infectious Greed: Learn about finance and the money culture from Paul Kedrosky.
  12. The Big Do-Over: The Big Do-Over discusses fixing financial regulation.
  13. Marginal Revolution: Marginal Revolution offers small steps toward a better world.

Policy

In these blogs, you’ll learn about the politics of economics.

  1. The Hearing: The Hearing offers a decoding of economic policy debate.
  2. Vox: Vox shares research-based policy analysis and commentary from leading economists.
  3. Economic Policy Institute: The Economic Policy Institute offers research and ideas for shared prosperity.
  4. Money & Policy: The New York Times examines money and policy on this blog.

Global Economy

Learn about economics around the world on these blogs.

  1. Planet Money: Planet Money offers a discussion on the global economy.
  2. A Fistful of Euros: Check out A Fistful of Euros to learn about European economic opinion.
  3. Japan Economy Watch: Japan Economy Watch keeps an eye on Japan’s ongoing economic crisis.
  4. Global Economy Matters: Edward Hugh examines the global economy on this blog.
  5. Mish’s Global Economic Trend Analysis: Mike Shedlock shares analysis for global economic trends.
  6. China Economics Blog: Read the China Economics Blog to learn about observations, statistics, and news related to China’s economy.

Sustainability

These blogs are concerned with economy that can continue to grow.

  1. Oikos: Oikos focuses on environmental policy and its connection with the economy.
  2. Block’s Indicator of Sustainable Growth: Find out how the economy can continue to grow from this blog.
  3. Ecological Economics: Ecological Economics offers a cross-disciplinary conversation about economics and ecology.
  4. Environmental Economics: Read this blog from economists about environmental and natural resources.

 


 

If you plan to start your own business do not forget to consult the "Business and IP Center"-site: http://www.bl.uk/bipc/index.html

 

10 Tips for young entrepreneurs: http://www.entrepreneur.com/startingabusiness/youngentrepreneurscolumnistscottgerber/article203254.html 


NEW CLASS DATES IN OCTOBER! I HAVE UPDATED THE SYLLABUS - PLEASE CHECK IT OUT!

 

Course Syllabus Fall 2009:

MBA Syllabus Fall 2009 revised.docx 

 

 

Additional textbook information (Farnham: Economics for Managers):http://www.pearson.ch/HigherEducation/Economics/PrinciplesofEconomics/1471/9780132461184/Economics-for-Managers-International.aspx

 

 

 

 

 

Amazon.com Widgets

 

NEW: Here I will publish links of general interest:


Scientific American (June 2009) on the "Science of Economic Bubbles":

http://www.scientificamerican.com/article.cfm?id=the-science-of-economic-bubbles


 

 

Interesting reading: chapter 1 of Baumohl's "The Secrets of Economic Indicators"

http://ptgmedia.pearsoncmg.com/images/9780132447294/samplechapter/0132447290_CH01.pdf?ns=16076


 
 
OECD Factbook eXplorer

http://stats.oecd.org/oecdfactbook/

The Organisation for Economic Co-operation and Development (OECD) has partnered with Linköping University to create this rather powerful analytical tool which they call the OECD Factbook eXplorer. First-time visitors can start using the site by going over to the "Dashboard" area on the right-hand side of the page and clicking one of the thematic "stories". These "stories" contain brief introductions to several key issues: labor market policies and labor participation fertility. Visitors can read through these themes to learn about the scatter plot screen, the time-series data, and the interactive map on the far left-hand side of the screen. After that, visitors can use the "Indicators" tab on the top of the homepage to load up one of the data files from the OECD and display it via the interactive map and the scatter plot screen. There's also a "Help" feature that can help users navigate the various options presented on this site. Overall, the eXplorer site will take time getting used to, but it will be most useful to policy analysts and others with an interest in development issues. (from Scout Report)


From BCG (August 2009) : http://www.bcg.com/impact_expertise/publications/publication_list.jsp?pubid=2982

Women Want More: How to Capture More than Your Share of the Female Economy

One billion women participate in the workforce worldwide, and over the next several years they will spend an incremental $5 trillion or more on goods and services—a sum that is bigger than any country’s bailout package.


 

 

Shai Agassi doesn't merely want to make electric cars -- he wants to rid the world of oil. In less than a year, he has launched the fifth largest startup of all time, with $200 million in committed capital and two countries to act as beta testers.

http://www.wired.com/cars/futuretransport/magazine/16-09/ff_agassi?currentPage=all


 

Is research good or bad for MBA students?

http://www.ft.com/cms/s/2/dce2c4b2-8668-11dd-959e-0000779fd18c.html


 

Is the weak economy especially hard on smaller businesses? Or does it help create more entrepreneurial opportunities?

Here's the New York Times' view along with a counter-view from the Independent Street blog at the Wall Street Journal.

Source: http://managementrandd.blogspot.com/2008/09/bad-economyentrepreneurial-opportunity.html


 

Additional information related to "Managerial Economics" by Png/Lehman:

 

http://www.comp.nus.edu.sg/~ipng/ed3.htm (general textbook website)

 

http://manecon.pbwiki.com/ (textbook wiki site)

 

http://www.comp.nus.edu.sg/~ipng/mecon/data.htm (textbook data resources site)

 


 

 

Michael Porter's HBS-2008-article: The Five Competitive Forces That Shape Strategy

 

 


 GLOBAL COMPETITIVENESS REPORT: http://www.weforum.org/en/initiatives/gcp/Global%20Competitiveness%20Report/index.htm

 


An excellent example on the workings of markets (The Starbucks Economics) by Tim Harford: http://www.slate.com/toolbar.aspx?action=print&id=2133754

 


 

 Theory of the Firm: here is Frank Knight's classic "Risk, Uncertainty and Profit": http://www.econlib.org/library/Knight/knRUP.html

 


 

I strongly recommend to regularly read The Economist and The Financial Times: www.ft.com and http://www.economist.com/index.html

 


 

 

EconStats

http://www.econstats.com/index.htm

For anyone looking for a vast cornucopia of economic statistics culled from all over the world, they need look no further than the EconStats website. The homepage is a bit visually cluttered, but one couldn't ask for better and more complete data, as visitors can quickly access a wide range of economic data from the United States, such as information about inflation, unemployment levels, productivity, new factory orders, and the price of crude oil. The homepage also contains links to economic data from Canada, Britain, Germany, the European Union, France, Italy, Russia, and China. On the right-hand side of the page, visitors can click through to interest rates for dozens of countries, check in on various stock markets, and look up commodity and futures prices. Those individuals looking for quick help with pressing questions can post queries to the "Econ Chat" section of the homepage.

 


 

 

Here you find a list of my favorite statistical resources on the Web:

 

Penn World Table, index.mht

 

Census Bureau Home Page.mht

 

Economagic Economic Time Series Page.mht

 

Asian Development Bank (ADB).mht

 

Economic Report of the President Main Page.mht

 

Emerging Markets Industry Stats.mht

 

Inter-American Development Bank.mht

 

National Bureau of Economic Research.mht

 

OAS - Organization of American States.mht

 

Organisation for Economic Co-operation and Development.mht

 

The World Bank.mht

 

The World Factbook.mht

 

U_S_ Agency for International Development.mht

 

United Nations.mht

 

US Bureau of Labor Statistics.mht

 

World Tables of Economic and Social Indicators.mht

 

WTO website.mht 


 

Adam Smith published the famous book "An Inquiry into the Nature and Causes of the Wealth of Nations" in 1776. It shows that the wealth of a nation lies not in the amount of gold in its treasury, but in the productive enterprise of its people. It argues for an end to restrictions on trade, competition and commerce. Highly influential, the book laid the intellectual foundations of the great Nineteenth-Century era of liberal free trade.

You can perform a full text search within "The Wealth of Nations", or pick a chapter from the index.

Source: Adam Smith Institute at http://www.adamsmith.org/smith/won/wonsearch/

 

Here is an interesting new paper by E. Butler (A. Smith Institute):  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1003359

 


 

Information on the INDUSTRIAL REVOLUTION: http://www.historyguide.org/intellect/lecture17a.html

 


Ben Bernanke on Milton Friedman's 90th Birthday

http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/default.htm


 

OECD: Policy Briefs [pdf] (highly recommended source)

http://www.oecd.org/findDocument/0,3354,en_2649_201185_1_119696_1_1_1,00.html


 Interesting comparison US vs. India (Mint.com)

 

Mint.com -- India’s history, geography, religious and ethnic makeup, and culture are vastly different to the US and yet the two countries maintain a close relationship. Our infographic is designed to provide an at-a-glance view of the most important economic dimensions of the US and India and a few less important but fun ones too. Hence the lack of scale or numbers. In order to help compare and contrast the economic differences, we have simplified the data from the CIA World Factbook and Nationmaster.com . For the exact numbers in any category, check here and here.


 

 

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