CPM Creative Positive Minds GROUP Economics and Noble –CPM Group
Economic and Noble P r e s e n t e d b y Mahmoud Reda Abdel Razek E-mail Reda_5110@Hotmail. com
Economic Definition Is the study of how individuals and societies choose to use their scarce resources in order to best satisfy their Material wants (Scarce resources) (Best use) (Material wants)
Economic Definition Three economizing decision facing all nations. What? How? For whom?
Inflation Occurs when the general level of prices is rising.
Inflation Low Galloping Hyper
Inflation Low Galloping Hyper
y e Mon e Servic ds & Goo Producers Households s rce Resou y e Mon
Nobel Prize in Economics 2007 USA University of Minnesota Minneapolis, MN, USA B. 1917 (in Moscow, Russia) Leonid Hurwicz
Nobel Prize in Economics 2007 USA Institute for Advanced Study Princeton, NJ, USA B. 1950 Eric S. Maskin
Nobel Prize in Economics 2007 USA University of Chicago , IL, USA B. 1951 Roger B. Myerson
Nobel Prize in Economics 2007 -Buyer & seller -Fail to trade -How the cost should be shared? -Insurance, transportation …etc -Largest expected revenue for the seller -Why there is often no good market solution to the problem of providing public goods? -piano(x-y) "for having laid the foundations of mechanism design theory"
History of Economics laureates 1969 Ragnar Frisch Jan Tinbergen Norway The Netherlands School of Economics Rotterdam, University of Oslo , Norway b. 1895 d. 1973 b. 1903 d. 1994 "for having developed and applied dynamic models for the analysis of economic processes"
History of Economics laureates 1973 Wassily Leontief USA Harvard University Cambridge, MA, USA b. 1906 (in St. Petersburg, Russia) d. 1999 "for the development of the input-output method and for its application to important economic problems" Paradox of value
History of Economics laureates 1971 Simon Kuznets US Harvard University Cambridge, MA, USA b. 1901 (in Russia) d. 1985 "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development“ GDP
History of Economics laureates 1971 George A. Akerlof USA Michael Spence USA Stanford Joseph E. Stiglitz USA University of California Berkeley, CA, US Stanford, CA, USA Columbia University New York, NY, USA b. 1940 b. 1943 University for their analyses of markets with asymmetric information"
History of Economics laureates 2002 Daniel Kahneman Vernon L. Smith USA and Israel USA Princeton University Princeton, NJ, USA b. 1934 (in Tel Aviv, Israel) George Mason University Fairfax, VA, USA b. 1927
History of Economics laureates 2002 Israel "for having integrated insights from psychological research into economic science, especially concerning human judgment and decisionmaking under uncertainty" "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms"
History of Economics laureates 2004 Finn E. Kydland Edward C. Prescott Norway USA Carnegie Mellon University Pittsburgh, PA, USA; University of California Santa Barbara, CA, USA Arizona State University Tempe, AZ, USA; Federal Reserve Bank of Minneapolis, MN, USA b. 1943 b. 1940 "for their contribution s to dynamic macroecono mics: the time consistency of economic policy and the driving forces behind business cycles"
History of Economics laureates 2005 Thomas C. Schelling USA University of Jerusalem, Center for Rationality. He brew Jerusalem, Israel University of Maryland, Departme nt of Economic s and School of Public Policy College Park, MD, USA b. 1930 b. 1921 Robert J. Aumann Israel and USA ………. . "for having enhanced our understan ding of conflict and cooperati on through gametheory analysis"
History of Economics laureates 1998 Amartya Sen India Trinity College Cambridge, United Kingdom b. 1933 "for his contributions to welfare economics"
History of Economics laureates 2006 Edmund S. Phelps USA Columbia University New York, NY, USAb. 1933 "for his analysis of intertemporal tradeoffs in macroeconomic policy" International Trade
Economics. Life. Noble People …….
THANKS FOR YOUR ATTENTION Economic and Noble P r e s e n t e d b y Mahmoud Reda Abdel Razek E-mail Reda_5110@Hotmail. com
References Book references: -Microeconomics & Private And Public Choice 4 th Edition. -Microeconomics Second Edition -Economics 7 th Edition. -International Economics 8 th Edition by Dominick Salvatore. -Economic Development (NINTH EDITION) by Michael p. todaro and Stephen C. Smith
References Online reference: www. Nobelprize. org www. wikipedia. org www. econ. iastate. edu.
CPM Creative Positive Minds GROUP
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