This is a paper about the economics of the Battle of Lepando (Nafpaktos) in Greece during the year 1571, when the Western League entered into a decisive naval battle with the Ottomans. The western ships, with the help of Greeks, won this naval Battle. In this naval battle the Western League...

Scoring methods in multiple-choice tests are usually designed as fair bets, and thus random guesswork yields zero expected return. This causes the undesired result of forcing risk averse test-takers to pay a premium in the sense of letting unmarked answers for which they have partial but not...

In our experience, all textbook presentations of the Slutsky Equation under a discrete price change use a compensation scheme based on the compensating variation. Our students have sensed this convention is arbitrary in that they have asked, why consider this compensation scheme, and not one...

We carried out a survey among a large group of undergraduate students of different disciplines and different years to test whether the study of economics or scientific majors influences the degree by which people are affected by money illusion. We find significant differences between first-year...

A common phenomenon about transition economies is that the return to schooling improves as economic reform progresses. Existing research suggests that Vietnam is not an exception to this pattern. However, the rate of return in period from 1992 to 1998 is still relatively low, below 5 percent,...

Research contains many ancient texts (Ancient Greek, Hebrews, Hieroglyphs, Assyrian, Sumerian, Babylonian, Latin, etc.). 1. (MICRO-MACRO ECONOMICS OF ALEXANDER THE GREAT (5 vols + cdrom). Microeconomics and macroeconomics of Alexander the Great. Economic theories, feasibilities, economic...

Applying some built-in functions of Mathematica, this note provides some graphics derived from convergent paths in "Solow Model." The main aim is to attarct other economists and introduces alternative analyzing tools but I also expect that this material helps teaching economics (programming...

The number of downloads of economics articles through the repository RePEc showed a sharp drop on the eve of the Great Recession in the economy. This unambiguously occurred with the Blue Ribbon journals, but can possibly be extended to other important journals. If we can perhaps talk of a great...

This is a paper about the economics of the Battle of Lepando (Nafpaktos) in Greece during the year 1571, when the Western League entered into a decisive naval battle with the Ottomans. The western ships, with the help of Greeks, won this naval Battle. In this naval battle the Western League...

The economy can be viewed as consisting of four sectors, the goods and services, labor, monetary, and international sectors, with overall equilibrium consisting of simultaneous equilibrium in each of these sectors. Interactions among these markets headaches for students. The “big...