Thinking at the Margin
Economists often talk about "thinking at the margin" -- you might even hear them say "everything happens at the margin." What does »
The Lucas Critique
The Lucas critique is an important concept in economics; it talks about how to evaluate how good alternative policies would have been when looking back at »
Second Best Equilibrium
In economics, most of our models of the market/economy assume some stylised but ultimately unrealistic assumptions. For example, they assume perfect information, or risk neutrality, »