Archive for January 7th, 2014

Does usage of calculator hinder learning in Math?

January 7, 2014

Prof. Melanie Allwine and Prof. Irene Foster (both at George Washington University) present this interesting paper at AEA-2014.

They say that calculators not just help people go through math without understanding it but also mask the math ability. They conduct a test amidst econ students in their Univ without calc and with calc to determine this finding. It so happens that SAT allows students to use calculators for their math exams and the scores become a basis to get into an econ program. So, if one relies on SAT score alone for math proficiency it might be misleading.

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Is Turkey going to be the next sudden stop– A case of Financial and Political bubble..

January 7, 2014

Prof. Sebnem Kalemli-Ozcan of University of Maryland has this nice piece in voxeu.

She has this interesting thing on political bubbles which rhymes with India story:

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Latvia becomes the 18th member to adopt Euro..

January 7, 2014

Well despite crises and criticism, membership of  Euro club keeps rising. Latvia is the latest member which adopted Euro on 1-Jan-14. That makes the number of Euroarea members to 18. There is a transition process happening in the country with different deadlines for different users.

This has changed the capital structure of ECB, as members share is reduced to make way for Latvia.

The club moves on unfazed really..

 


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