It has been a long time since I’ve closely followed New Zealand macroeconomic statistics – but I was a bit surprised seeing the headline “GDP jump of 14 per cent completes NZ’s ‘V’-shaped recovery“. Cliffs notes to this post – it was a strong result, but September likely wasn’t the strongest quarter on record, and […]
Now that we are back to level 2 lockdown in New Zealand (apart from Auckland where it is level 3) the issue of “should we wear a mask” has cropped up. A lot of “words” have been spread across the internet on the issue, with people arguing about their effectiveness, complaining about how it hurts […]
Last time I discussed how the cash rate influenced the interest rate. But what happens when the cash rate goes negative? This is the focus of today’s post. After recent discussions about “negative interest rates” across Australasia I thought it would be useful to talk about how these rates appear mechanically at a high level […]
As noted on blackboard we will need to decide if we continue with these lectures, or move to prerecorded lectures and no in person component . As a result I have popped a vote for this below – we will move to the type of lecture the majority of the class wants.
Hi ECON141 students. Unlike ECON130 there isn’t weekly material on this site, with lecture notes being provided instead. However, I will add the occasional piece to help give what we are doing some context – so that it can be used to understand what is currently happening. In that vein, today we are going to […]
In the first six weeks we described models of individual and firm choice, and given many individuals and many firms we were able to describe a competitive market. In doing so we found that the outcomes in a competitive market allowed gains from trade – buyers who valued the products more than the sellers were […]