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Wednesday 
June 7, 2006 

AmosWEB means Economics with a Touch of Whimsy!

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When your printer crashes five minutes before a critical, pass-the-class, term paper is due, you:

throw the printer off the tallest building around.
use one of your three backup printers.
quit school and hitchhike around Europe.
stare vacantly at the ceiling until the semester ends.
search frantically for anyone or anywhere with another printer.
grab a pencil and paper and begin a longhanded rewrite.

AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE: A scientific society whose main mission is to advance science and innovation throughout the world. The American Association for the Advancement of Science (AAAS for short) publishes one of the most respected scientific magazines called Science. The association and magazine have nearly 140,000 individual and institutional subscribers, plus 272 affiliated organizations in more than 130 countries, serving a total of 10 million individuals. The American Association for the Advancement of Science was founded in 1848 to represent all disciplines of science and to support scientific exchange and discussion of science and society issues.

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AGGREGATE DEMAND CURVE

A graphical representation of the relation between aggregate expenditures on real production and the price level, holding all ceteris paribus aggregate demand determinants constant. The aggregate demand (AD) curve is one side of the graphical presentation of the aggregate market. The other side is occupied by the long-run aggregate supply curve and/or the short-run aggregate supply curve. The negative slope of the aggregate demand curve captures the inverse relation between aggregate expenditures on real production and the price level. This negative slope is attributable to the interest-rate, real-balance, and net-export effects.

Complete Entry | Visit the WEB*pedia

London School of Economics and Political Science

Let's go International for our Featured Website this week with the London School of Economics and Political Science. One of the premier academic institutions, anyway, in any country. That along makes a visit worth the effort.

London School of Economics and Political Science

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The Crystal Ball Of ECONOMIC FORECASTING

How often has this happened to you? You've packed a tasty picnic lunch, donned your spiffy-looking swimwear, loaded up the beach blanket and umbrella, then headed for the artificial waves of the local Happy-Time Gala-World Fun-Land Water Park expecting bright sunshine and warm temperatures. However, upon reaching Happy-Time Gala-World Fun-Land Water Park you find that the economy has fallen into a deep recession, with high unemployment rates and sluggish production, and the owners of the Happy-Time Gala-World Fun-Land Water Park have been forced to turn off the artificial wave machine, dismantle the water slides, and drain the pool. (It's also raining and 50 degrees. We will, however, ignore those problems because this isn't A Pedestrian's Guide to Meteorology.)
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State of the ECONOMY

Federal Discount Rate
May 2006
5.00%

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YELLOW CHIPPEROON
[What's This?]

Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius looking to buy either a wall poster commemorating the 2000 Presidential election or a rechargeable flashlight. Be on the lookout for malfunctioning pocket calculators.
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Quarterly Journal of Economics
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