CZ:Economics Workgroup: Difference between revisions

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{{Workgroup|group=Economics}}
{{Workgroup|group=Economics}}


:::''(The previous contents of the CZ:Economics Workgroup page, covering the years 2007 thru 2011, is archived with the talk page contents [http://en.citizendium.org/wiki/CZ_Talk:Economics_Workgroup/Archive_1]).''
{{TOC|right}}


== A CALL TO ECONOMICS AUTHORS AND EDITORS ==


'''We need much more activity on CZ with social science, and especially economics articles'''. A new author here, Nick Gardner, has made a heroic start with some core Economics articles. We transferred the text from the old article [[Economics]] to a new article [[History of economic thought]] which now requires massive editing to put it in shape. There are also some other articles which need attention. I propose listing articles into several categories, to guide us through the workload.
'''If you are an economist - or a budding economist - who is considering making a contribution to Citizendium, this is a good place to start. It is also the place where economists and others can make comments and suggestions about the style and content of the economics articles.'''


Please add any articles you would like to nominate for these groupings [and feel free to start work on them too!]




'''Core economics articles which are completely MISSING'''
==The problem==
J M Keynes touched on the problem of writing economics articles for an encyclopedia when he wrote "economics is a difficult and technical subject,  but nobody will believe it".  Unlike say, archeology, economics has an impact upon people's lives. They have to take some interest in economics because it affects so many of their choices. So there is a popular demand for simple explanations of this difficult and technical subject. The problem is how to meet that demand while, at the same time,  meeting  the demand of economics students and practitoners for a professional treatment of the subject.


*[[International economics]]
==The articles==
*[[Welfare economics]]
Citizendium's "subpages" setup provides a ready-made solution to that problem by facilitating the adoption of a "parallel processing" format. The thinking behind the [[economics/Addendum#Article format|economics article format]] embodies the observation that there are a lot of  well-educated people who are no longer comfortable with the use of charts  equations and statistics (if they ever were), because do not have to deal with  them in their day-to-day lives. The main pages are for them,  and as well as avoiding charts and equations, those pages avoid closely-reasoned arguments and  the use of economics jargon other than words and expressions that are in colloqual use. The "tutorials" subpages are for students and practioners of economics, and contain the sort of material that is to be found in economics textbooks, and the "addendum" subpages are both for them, and for  people other than economists, who are familiar with the use of graphs, and statistics.
*[[Comparative advantage]]
*[[Economy of scale]]
*[[Balance of payments]]
*[[Terms of trade]]
*[[Externalities]]
*[[Elasticity]]
*[[Markets]]
*[[Supply]]
*[[Demand]]
*[[GNP or GDP]]
*[[Central Bank]]
*[[Money supply]]
'''Core economics articles which are stubs or low quality'''


*[[Factors of production]]
In addition to articles on individual topics, such as [[macroeconomics]] and [[taxation]], there are articles on connected sequences of events,  such as [[Great Depression]] and [[Sovereign default]]. The use of the "Timelines" subpages enables the additional dimension in such articles to be dealt with without disrupting the main page. The main page is then free to deal with the topic under a set of subject headings such as "monetary policy", "fiscal policy" etc, without interruptions to avoid  temporal overlaps. Disruption  of subject paragraphs by the intrusion of a geographical dimension can be avoided by dealing with it in country-by-country paragraphs on the Addendum subpage. Wikilinks can be used to make connections between paragraphs on the main page and those on the subpages.
*[[GDP deflator]]
*[[Gross domestic product]]


'''Core economics articles which are good but need development to reach approval standard'''
==Your contribution==
The existing coverage of economics is less comprehensive than might appear, and there is room for improvement in many of the existing articles. Here are some suggestions for your consideration:
* health economics.
* transport economics.
* energy economics.
* development economics.
* economics of (you name it)
* economic history of (country).
* economic history of (industry, product, sport, etc).
* profile of an eminent economist.
* more on [[neuroeconomics]] and [[Philosophy of economics#Behavioural economics|behavioural economics]]
* evidence from experimental psychology that bears on the limitations of the assumption of rationality in economics.
* the addition of wikipedia-style graphics to selected articles.
* something on Islamic finance.
* econometrics.
* theory of the firm.
* forecasting models
* state capitalism[http://www.economist.com/node/21543160]


*[[Economics]]
==Making a start==
*[[Microeconomics]]
[[CZ:How to edit an article]] tells you how to get started on an article.
*[[Macroeconomics]]


'''Economics articles which seem redundant but whose content may be useful for other articles'''
==Core articles==
''Click [[CZ:Core Articles/Economics|here]] to edit this transcluded list (remove once started)''


[[Economics subdisciplines]]
{{CZ:Core Articles/Economics}}


 
==Articles==
'''Economics articles which appear to be finished, of very high quality, and may be ready for formal Editor approval'''
{{subtopics-note}}
 
{{r|Economics}}
 
{{:Economics/Related Articles}}
 
 
 
----
 
Below, I also paste a message from Nick, about his recent edits on some core economics articles. We hope that we can put together a really good economics coverage on CZ.--[[User:Martin Baldwin-Edwards|Martin Baldwin-Edwards]] 20:10, 23 September 2007 (CDT)
 
== New articles ==
 
I have made a tentative start at writing new articles on Economics, Microeconomics and Macroeconomics.
 
I have aimed them at the ordinary reader seeking  a broad appreciation of what it's about rather than at students of economics looking for help with their essays.  I leave the task of meeting students'  needs to those of you that are in the teaching profession. I suggest putting that material in a separate article titled (perhaps) " Economic Theory"
 
Please let me have your comments and criticisms.
 
[[User:Nick Gardner|Nick Gardner]] 15:33, 23 September 2007 (CDT)
 
== Suggestions please! ==
 
Subject to comments, I have finished with ''Economics'' and nearly finished with ''Macroeconomics''.
I should appreciate some fellow-economists' comments before I turn to other things.
Is anybody interested?
 
[[User:Nick Gardner|Nick Gardner]] 07:32, 28 September 2007 (CDT)
 
 
==Possible new articles==
 
In the course of drafting the "gateway" articles on economics, microeconomics and macroeconomics, I have created links to the following articles, nearly all of which are at present empty. Some of the new articles would, no doubt, link to further articles.
 
(I have assumed that the list below covers the ground set out in  Martin Baldwin-Edwards message above, but I accept that I may be mistaken about that.)
 
Taking that into account, I should value comments on whether the list is exhaustive, whether any items are superfluous and whether any should be combined or renamed.
 
*Supply and Demand
*Welfare Economics
*International Economics
*Neoclassical Economics
*Monetary Economics
*Endogenous Growth Theory
*Competition
*Competition Policy
*Economic Efficiency
*General Equilibrium
*Cost/benefit Analysis
*The Budgetary "Golden Rule"
*Public Goods
*Economic models
*Social Choice theory
*Sustainability
*The Precautionary Principle
*Patent Law
*The Austrian School''
 
::Thanks for this list [and all your work!], Nick. This list of non-existing articles should be combined with the list I made above, and also included in the CZ:Core articles page [[CZ:Core_Articles]]. I don't know if you have been there, but it is an attempt to get things moving on CZ. Feel free to amend it, otherwise I will add to the list from your new list above, when I have some free time. --[[User:Martin Baldwin-Edwards|Martin Baldwin-Edwards]] 06:46, 13 October 2007 (CDT)
 
[[User:Nick Gardner|Nick Gardner]] 05:34, 13 October 2007 (CDT)
 
==Proposed Core Articles==
 
I have amended the CZ: core articles page by substituting for the existing list a combination of the articles mentioned above. 
 
The revised list is as follows. (The allocation of points is tentative.)
 
[[User:Nick Gardner|Nick Gardner]] 04:19, 18 October 2007 (CDT)
 
 
: (10) = worth this number of points   * = external, to replace or rewrite    ** = micro-stub
{{col-begin}}
{{col-break|width=33%}}
HIGH PRIORITY
#[[Business economics]] (10)
#[[Comparative advantage]] (10)
#[[Competition]] (10)
#[[Economic efficiency]] (5)
#[[Financial economics]] (5)
#[[International economics]] (10)
#[[Public good]] (5)
#[[Supply and demand]] (10)
#[[Elasticity]] (5)
#[[Theory of the firm]] (5)
#[[Welfare economics]] (10)
 
 
{{col-break|width=33%}}
LOWER PRIORITY
#[[Austrian School]] (5)
#[[Balance of payments]] (2)
#[[Budget deficit]] (2)
#[[Competition policy]] (5)
#[[Economies of scale]] (2)
#[[Elasticity]] (2)
#[[Endogenous growth]] (2)
#[[Externalities ]] (2)
#[[General equilibrium]] (2)
#[[GNP or GDP]] (2)
#[[Monetary economics]] (5)
#[[Money supply]] (2)
#[[Neolassical economics]] (5)
#[[Rational expectations]] (2)
#[[Terms of trade]] (2)
 
{{col-break|width=33%}}
LOWEST PRIORITY
#[[Central bank]] (2)
#[[Economic history]] (2)
#[[Economic models]] (2)
#[[Markets]] (2)
#[[Precautionary principle]] (2)
#[[Sustainability]] (2)
 
 
{{col-end}}
 
'''Already-written core articles in this workgroup'''
:(Core Article points not available for these articles.)
{{col-begin}}
{{col-break|width=33%}}
Start listing already-existing core articles here
 
*[[Economics]]
*[[Microeconomics]]
*[[Macroeconomics]]
*[[History of economic thought]]
 
{{col-break|width=33%}}
Second column
{{col-break|width=33%}}
Third column
{{col-end}}

Latest revision as of 10:36, 9 November 2014

Workgroups are no longer used for group communications, but they still are used to group articles into fields of interest. Each article is assigned to 1-3 Workgroups via the article's Metadata.

Economics Workgroup
Economics article All articles (362) To Approve (0) Editors: active (0) / inactive (13)
and
Authors: active (172) / inactive (0) 		Workgroup Discussion
Recent changes Citable Articles (12)
Subgroups (5)
Checklist-generated categories:

Subpage categories:

Missing subpage categories:

Article statuses:

(The previous contents of the CZ:Economics Workgroup page, covering the years 2007 thru 2011, is archived with the talk page contents [1]).


If you are an economist - or a budding economist - who is considering making a contribution to Citizendium, this is a good place to start. It is also the place where economists and others can make comments and suggestions about the style and content of the economics articles.


The problem

J M Keynes touched on the problem of writing economics articles for an encyclopedia when he wrote "economics is a difficult and technical subject, but nobody will believe it". Unlike say, archeology, economics has an impact upon people's lives. They have to take some interest in economics because it affects so many of their choices. So there is a popular demand for simple explanations of this difficult and technical subject. The problem is how to meet that demand while, at the same time, meeting the demand of economics students and practitoners for a professional treatment of the subject.

The articles

Citizendium's "subpages" setup provides a ready-made solution to that problem by facilitating the adoption of a "parallel processing" format. The thinking behind the economics article format embodies the observation that there are a lot of well-educated people who are no longer comfortable with the use of charts equations and statistics (if they ever were), because do not have to deal with them in their day-to-day lives. The main pages are for them, and as well as avoiding charts and equations, those pages avoid closely-reasoned arguments and the use of economics jargon other than words and expressions that are in colloqual use. The "tutorials" subpages are for students and practioners of economics, and contain the sort of material that is to be found in economics textbooks, and the "addendum" subpages are both for them, and for people other than economists, who are familiar with the use of graphs, and statistics.

In addition to articles on individual topics, such as macroeconomics and taxation, there are articles on connected sequences of events, such as Great Depression and Sovereign default. The use of the "Timelines" subpages enables the additional dimension in such articles to be dealt with without disrupting the main page. The main page is then free to deal with the topic under a set of subject headings such as "monetary policy", "fiscal policy" etc, without interruptions to avoid temporal overlaps. Disruption of subject paragraphs by the intrusion of a geographical dimension can be avoided by dealing with it in country-by-country paragraphs on the Addendum subpage. Wikilinks can be used to make connections between paragraphs on the main page and those on the subpages.

Your contribution

The existing coverage of economics is less comprehensive than might appear, and there is room for improvement in many of the existing articles. Here are some suggestions for your consideration:

  • health economics.
  • transport economics.
  • energy economics.
  • development economics.
  • economics of (you name it)
  • economic history of (country).
  • economic history of (industry, product, sport, etc).
  • profile of an eminent economist.
  • more on neuroeconomics and behavioural economics
  • evidence from experimental psychology that bears on the limitations of the assumption of rationality in economics.
  • the addition of wikipedia-style graphics to selected articles.
  • something on Islamic finance.
  • econometrics.
  • theory of the firm.
  • forecasting models
  • state capitalism[2]

Making a start

CZ:How to edit an article tells you how to get started on an article.

Core articles

Click here to edit this transcluded list (remove once started)


High priority

Lower priority

Lowest priority

Articles

Click on the [r] after the first definition below to edit this list of transcluded subtopics.

See also the taxonomic index

(t) denotes a table

A

adverse selection - agency problem - antitrust - applied statistics - Arrow-Debreu theorems - arbitrage - arbitrage pricing theory - Asian banking crisis - asset price bubble - auctioneer, Walrasian

B

- baby-sitting crisis - balanced budget amendment - Balassa-Samuelson effect - banking - bank failures and rescues - Bank of England - Bank for International Settlements - Basel Committee for Banking Supervision - Basel I - Basel II - beta - Black-Scholes model - bond - book value - bubble - budget deficit.

C

capital - Capital Asset Pricing Model - circular flow of income - Cobb-Douglas function - commodity prices 2007-2010 (t) - consumer's surplus - clearing house - collaterised mortgage obligation - comparative advantage - competition - competition policy - complex interactive system - consumption function - contagion - contingent claims analysis - cost-benefit analysis - crash of 1929 - crash of 2008 - creative destruction - credit crunch - credit rating agency - credit risk - credit risk transfer - cross elasticity of demand

D

deflation - debt - debt trap - default - derivative - Diamond-Dybvig model - diminishing returns - discounted cash flow - discount rate - disequilibrium - distributive efficiency - dividend discount model - division of labour

E

econometrics - economic efficiency - economic philosophy - economic statistics - economies of scale - efficient market hypothesis - elasticity - employment - endogenous|growth - equilibrium - eurobond - eurozone - eurozone crisis - European Central Bank - exchange rate - exclusive dealing - existence theorem - expectations - experimental economics - externalities

(RETURN)

F

factors of production - factor price equalisation - Fannie Mae - Federal Deposit Insurance Corporation (a) - Federal Reserve System - financial instability hypothesis - financial economics - financial system- fiscal dilemma - fiscal drag - fiscal multiplier - fiscal policy - fiscal sustainability - fiscal stimulus - fiscal stimulus packages 2008 - 2010 (t) - floating exchange rate - forecasting models - foreign direct investment - foreign exchange market - frictional unemployment - Frank Ramsey - Freddy Mac - frictional unemployment - futures

G

general equilibrium - Giffen good - globalisation - gold standard - Government Sponsored Enterprises - Great Depression - Great Depression in the United States - Great Recession - gross domestic product - gross national product - growth rates 2007 - 2009 (t) - G20 summit

H,I

Hecksher/Ohlin - hedge fund - herding - History of economic thought - human capital - Human Development Index

impossibility theorem - income effect - incomplete contract - increasing returns - indexation - microeconomics--indifference curve - infant industry - inflation - instrumentalism - intergenerational transfers - internal rate of return - international finance - International Monetary Fund - international trade - intentional stance - interest - IS-LM model

(RETURN)

J,K,L

Jackson Hole consensus - Kaldor-Hicks efficiency - Keynes - Keynesians - Keynesian theory

labour - labour market - land - Laspeyres index - learning curve - leverage - LIBOR-OIS spreads 2007- 2009 (t) - liquidationism - liquidity trap

M

macroeconomics - macroprudential financial policy - marginal cost/revenue - marginal propensity to consume - market - market power - market risk - Markowitz - Marshall - Marx - mercantilism - mergers - microfinance - migration - Minsky - monetarism - monetary policy - money - money market - money supply - moral hazard - mortgage - multiplier effect

(RETURN)

N,O

NAIRU (natural rate of unemployment) - national debt - national income - New Deal - normative economics - net present value

Okun's law - open market operations - opportunity cost - optimal taxation - option - optimum currency area - output gap - outsourcing

P,Q

Paasche index - Pareto efficiency - philosophy of economics - Phillips curve - portfolio insurance - predatory pricing - price collusion - price index - prisoner's dilemma - production function - production possibility frontier - productive efficiency - public choice theory - public debt - public expenditure - public goods - purchasing power parity - quality bias - quantitative easing - quantity theory of money - quotas

(RETURN)

R

Ramsey equation - rational expectations - real bills doctrine - recapitalisation - recession - recession of 2009 - rent - rent-seeking - required rate of return - reserve ratio - restructure - returns to scale - Ricardo - risk management - risk premium - Robinson-Patman Act - rule of reason - run (banking)

S

scale economies - Scandinavian banking crises - seasonal correction - second best theory - securitisation - separation theorem - shadow banking system - Sherman Act - shock (economics) - Smoot-Hawley Tariff - social capital - social choice theory - social opportunity cost rate - social time preference discount rate - sovereign default - sovereign spreads 2008-2010(t) - spending multiplier - spread - stability and growth pact - Stern review of the economics of climate change - Stolper/Samuelson theorem - structured finance - subprime mortgage crisis - substitution effect - supply and demand - sustainability (fiscal) - swaps - systemic crisis

(RETURN)

T

tariffs - taxation - tax wedge - Taylor rule - Tobin tax - terms of trade - time preference

U,V,W,X,Y,Z

unanimity rule - unemployment - unemployment rates 2007 - 2009 (t) - utility - Veblen good - Walras' law - Washington Consensus - world trade 2008 - 2009 (t) - welfare economics - Wieser's Law - World Bank

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