This blog accompanies the econ101ab Principles of Economics course given at the University of Birmingham. The lecturers for both parts of the course (101a, microeconomics and 101b, macroeconomics) will occasionally post here on matters related to lecture material. We hope to show the relevance of the concepts we are teaching at each stage of the course for helping understand how the world works...
Wednesday, June 16, 2010
Nouriel Roubini on Double Dip Changes
Nouriel Roubini is a very well known and respected economist, and he has written recently on the possibility of a double dip recession. Very important reading.
Monday, June 7, 2010
Consider this a warning!
Nope, not related to exam results, but a research paper recently published (for the paper see here, for a blog on the article see here).
From survey data (not perfect but gives a good indication), the time a student (like your good selves) spends studying has fallen between 1961 and 2003 from 40 hours to 27 hours.
Now bare in mind the standard working week is 37.5 hours, and when you were in school you generally had probably over 25 contact hours a week plus homework, something's up here.
Let's just say: If you're spending 27 or less hours a week studying towards your degree, you're a part-timer. You're all due to get your marks soon, and if you did spend nearer 27 than 40 hours a week over your first year, don't be surprised if your marks are a little lower than you were expecting...
From survey data (not perfect but gives a good indication), the time a student (like your good selves) spends studying has fallen between 1961 and 2003 from 40 hours to 27 hours.
Now bare in mind the standard working week is 37.5 hours, and when you were in school you generally had probably over 25 contact hours a week plus homework, something's up here.
Let's just say: If you're spending 27 or less hours a week studying towards your degree, you're a part-timer. You're all due to get your marks soon, and if you did spend nearer 27 than 40 hours a week over your first year, don't be surprised if your marks are a little lower than you were expecting...
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