Section outline

  • Conceptual thinking about the economy 23.2.2016

    Basic terminology, homo economicus, economic analysis, regression analysis, economy and society 


    Mandatory texts:

    Steven D. Levitt, Stephen J. Dubner: Freakonomics. A Rogue Economist Explores the Hidden Side of Everything, Penguin Books, 2006. (levitt_freakonomics.pdf)

    Stefan Schneider: Homo economicus - or more like Homer Simpson? Deutche Bank Research, 2010. 

    Optional text (example of regression analysis in practice):

    Frederic W. Mayer: Interpreting NAFTA. Science and Art of Political Analysis, Columbia University Press, 1999. (mayer-part1.pdf)

    Rafael Reuveny, Uneven Economic Growth and the World, Economy’s North–South Stratification, International Studies Quarterly (2008) 52, 579–605.

    Useful links for regression analysis: 

    Linear regression analysis in Excel:
    Linear regression analysis in program R:
    Multiple regression analysis in Excel:
    Multiple regression analysis in program R:
    Program R (free download):
    Bonus recommended for beginners:
    Story of Stuff, Full Version; How Things Work, About Stuff
    http://www.youtube.com/watch?v=gLBE5QAYXp8&feature=related