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Economics Department

Department Rules

By dawsonecon
October 27, 2023 3:17 am
Department Rules

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The Paradox of Thrift

In times of economic uncertainty, people often save more and spend less. While individual saving seems wise, if everyone saves during a downturn, the result may be a deeper recession due to decreased overall spending. How can we encourage individuals to save for personal financial health, without hurting the macroeconomic stability?

The Green Transition

The world faces a daunting challenge: achieving carbon neutrality to combat climate change while maintaining economic growth. However, transitioning to a green economy might require substantial investments and cause disruptions in certain sectors. How do we manage this transition without causing excessive economic hardship?

AI and Job Displacement

Artificial intelligence is poised to revolutionize various sectors, leading to increased productivity and efficiency. However, it also raises concerns about job displacement. How can we leverage AI's potential while ensuring it doesn't exacerbate unemployment and income inequality?