Professor Fun Facts
Economic History
Econ Department Professor Facts
Economic Theory
Economic Models
100
Professor White's Undergrad Institution
What is Saint Mary's College?
100
This economic crisis started in October of 1929
What is the Great Depression?
100
Professor White's Economic Specialty
What is behavioral economics?
100
This 19th-century theory, attributed to Karl Marx, argues that history is shaped by class struggles, and predicts that capitalism will eventually be replaced by socialism
What is Marxism?
100
This macroeconomic model illustrates the relationship between the goods market and the money market, showing how interest rates and output are determined simultaneously in an economy
What is the IS-LM model?
200
Professor Craig's Favorite Drink
What is boba tea?
200
This 18th-century economist wrote "The Wealth of Nations" and is considered the father of modern economics
Who is Adam Smith?
200
Professor Craig's PhD Institution
What is George Mason University?
200
This economic theory, named after a 20th-century British economist, advocates for active government intervention in the economy, particularly through fiscal policy, to manage demand and mitigate the effects of recessions
What is Keynesianism?
200
This economic model of long-term growth emphasizes the roles of capital accumulation, labor or population growth, and technological progress in determining an economy’s steady-state level of output per capita
What is the Solow Growth model?
300
Professor White's home state
What is Florida?
300
This major financial crisis' cause is widely attributed to the lack of banking regulation and low interest rates seen in the U.S. pre-2008
What is the 2008 financial crash?
300
Professor Craig's office number
What is Spes Unica 358?
300
This economic theory advocates for reducing government intervention and allowing market forces to determine wages and prices, commonly associated with Milton Friedman
What is monetarism?
300
This economic model shows the total demand and total supply in an economy, often used to explain changes in price levels and output
What is the AD-AS model? (Aggregate Demand-Aggregate Supply)
400
Professor White's favorite food
What is sushi?
400
What economist is most popular for his theory on population growth in Ireland during the famine?
Who is Thomas Malthus?
400
Professor Craig's favorite economist
Who is Friedrich Hayek?
400
Developed by Friedrich Hayek and Ludwig von Mises, this theory critiques central planning and emphasizes the importance of decentralized knowledge in driving economic decision-making
What is Austrian economics?
400
This economic model focuses on the idea that environmental degradation can be reduced through the use of market-based incentives, such as taxes or tradable permits, to internalize externalities
What is the Pigovian tax model?
500
Professor Craig's favorite food
What is yuxiang eggplant?
500
This is the name of the economic phenomenon that combines stagnant economic growth and high inflation - first seen in the 1970s
What is stagflation?
500
Professor White's favorite economist
Who is John List?
500
This advanced economic theory integrates psychology with economics to explain why individuals might not always act in their own rational self-interest, challenging traditional assumptions of human behavior in markets
What is behavioral economics?
500
This trade theory explains how countries will export goods that use their abundant and cheap factors of production, while importing goods that use their scarce factors; it builds on the idea that comparative advantage arises from factor endowments
Heckscher-Ohlin model?