Current Affairs
Which U.S. institution raised interest rates on September 16, 2026?
A) U.S. Treasury
B) Federal Reserve
C) IMF
D) World Bank
B) Federal Reserve
Question Prompt: This concept is the additional satisfaction, happiness, or benefit a consumer derives from consuming one more unit of a good or service.
What is utility?
What are the three core classes (and their course numbers) required for the Economics Major?
ECON-211: Macroeconomic Theory, ECON-212:Microeconomic Theory and ECON-220: Intro to Econometrics or ECON-230: Advanced Econometrics
Credited by the Federal Reserve for boosting local tourism and hotel revenues in Philadelphia during its 2023 run, this pop star's blockbuster tour shattered stadium records.
A) Beyonce
B) Taylor Swift
C) Harry Styles
D) Lady Gaga
B) Taylor Swift
The Eras Tour drove historic hotel occupancy and consumer spending, earning a specific shoutout in the Federal Reserve's Beige Book
Which of the following countries is not a member of the G7?
Germany
China
Japan
Canada
China
Who won the 2026 Nobel Prize in Economics?
A) Paul Krugman & Joseph Stiglitz
B) Ariel Pakes & Esther Duflo
C) Robert Hall & Michael Woodford
D) Joel Mokyr & Philippe Aghion
C) Robert Hall & Michael Woodford
Question Prompt: An application of statistical and mathematical methods to economic data to test economic theories, measure economic relationships, and forecast future trends.
What is Econometrics?
Question Prompt: How many credits do you need for the Economics Major?
32 credits
Launching in 2017 in partnership with LVMH’s Kendo division, this pop star's cosmetics brand achieved a reported valuation of $2.8 billion by 2023, largely disrupting the traditional beauty industry with its unprecedented shade inclusivity.
A) Selena Gomez (Rare Beauty)
B) Ariana Grande (R.E.M. Beauty)
C) Rihanna (Fenty Beauty)
D) Jessica Alba (The Honest Company)
C) Rihanna (Fenty Beauty)
Fenty Beauty redefined market standards for foundation shade ranges upon its launch and became an economic powerhouse.
In the World Car market, who is the top exporter?
Germany
Japan
China
USA
Germany
According to AAA, what was the average price of a gallon of U.S. gas in September 2026?
A) $3.15
B) $3.68
C) $4.33
D) $5.02
Answer: C) $4.33
Question Prompt: Students majoring in economics often encounter this theorem, which states that under certain conditions, markets with private property and perfect competition will allocate resources efficiently.
What is Nash Equilibrium?
Question Prompt: When (date and time) and where will the Economics Tea be hosted?
Candy Course Crawl: Economics, Politics, and IR offices (Skinner Hall)
Friday, October 31, 11 a.m. - 1 p.m
The July 2023 simultaneous theatrical release of these two contrasting films resulted in a combined global box office of over $2.4 billion, creating a historic economic phenomenon known as 'Barbenheimer'.
A) Barbie and Oppenheimer
B) Barbie and The Super Mario Bros. Movie
C) Oppenheimer and Mission: Impossible – Dead Reckoning
D) Avatar: The Way of Water and Barbie
A) Barbie and Oppenheimer
Which Professor has been working in the Economics Department the longest?
Professor Mike Robinson (joined the MHC department in 1988!)
Which city hosted the 2026 IMF and World Bank Annual Meetings this October?
A) Washington, D.C.
B) Marrakech
C) Bangkok
D) Singapore
Answer: C) Bangkok
Question prompt: This is a tool published by the U.S. Bureau of Labor Statistics to measure average price changes for everyday goods and services.
What is CPI(Consumer price Index)?
Which professor, out of the following, is NOT on sabbatical?
A) Professor Amanda Awadey
B) Professor Gretchen Lay
C) Professor Rick Feldman
D) Professor Jim Hartley
C) Professor Rick Feldman
Accounting for an estimated 0.3% of South Korea's entire Gross Domestic Product (GDP) annually at their peak, this global music sensation generated billions in tourism, retail, and cultural exports.
A) BLACKPINK
B) BTS
C) EXO
D) NewJeans
B) BTS
The economic impact of BTS on South Korea's tourism, brand recognition, and national economy was staggering, equivalent to a major corporate conglomerate
How many dollars in exchanges are traded each day?
$700 million
$1.5 billion
$5 trillion
$300 billion
5 trillion
What was the U.S. annual CPI inflation rate for September 2026?
A) 2.4%
B) 3.0%
C) 3.7%
D) 4.7%
C) 3.7%
Question prompt: This asset is a Fixed-Income Instrument that pays a fixed interest rate or coupon to its holders.
What are bonds?
Which course out of the following is NOT being offered by the Economics Department next semester?
A) ECON-344: Environmental Policy Analysis
B) ECON-213 Economic Development
C) ECON-207GE Special Topics: 'Hunger in the Global Economy'
D) ECON-236 Economic History
B) ECON-213 Economic Development
Sweden’s Central Bank (Sveriges Riksbank) half-jokingly blamed this pop icon's May 2023 Stockholm concert kickoff for a surprise upward spike in the nation's core inflation rate.
A) Madonna
B) Beyoncé
C) Bruce Springsteen
D) Ed Sheeran
B) Beyoncé
Who predicted the financial crisis of 2008?
Robert Hall
Jim Rogers
Daron Acemoglu
Answer: Jim Rogers