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John Hicks; The John Keynes in Macro Economics?

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John Hicks; The John Keynes in Macro Economics? John Hicks John Richard Hicks, one of the most influential economists ever, was born in 1904 in Warwick. After high school he enrolled at the University of Oxford. To finance his studies he received mathematical scholarships. He started as a math student in Oxford, but went to London School of Economics to work as a labor economist. As a labor economist, around 1930, Hicks published his early work in the field of labor economics. And this was just the beginning... In my opinion, John Hicks his two most famous publications are his IS-LM model and his book Value and Capital. Before discussing his IS-LM model, I would like to briefly point out his book Value of Capital, which was published in 1939. It was a major contribution to micro-economics and it was based on the theory of ordinal utility and distinguishes between the substitution effect and the income effect for an individual. Besides, Value and Capital has much mo...
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Illinibucks options

As a new student to the UIUC I’m not really familiar with the things that are allocated to students on a first come first serve basis or on priority basis. However, I can still think about some things on campus where students could use Illinibucks, which would move the student to the head of the line. This would be registering for classes, dorm housing allocation and making an appointment in McKinley. I believe that Illinibucks would be most used for registering for classes if it would be introduced, mainly because certain classes are really high demanded. I got accepted to the university after the registering for the fall semester was opened, so when I had the chance to register for classes a lot of them were already full. If I could use Illinibucks I would spend them on the registering of classes, so that I could register for another course that I wanted to follow. Luckily ECON490 has a lot of options and that’s why I’m registered for four ECON490 classes. If this wasn’t the cas...
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Opportunism in the DJ scene

Opportunism is an assumption that claims that human beings are generally self-interested and that they will take advantage of others and/or circumstances when possible. However, sometimes people don’t act opportunistically while they had the chance to do so. In my ECON490 class we discussed different reasons why this happens, such as good citizenship, unethical behavior and the fact that a lot of people are patient. The reverse, so that someone takes advantages of you, can also happen. In my following example of opportunism this was also the case. Moreover, I could also act opportunistically but I didn’t. After graduating at high school, I chose to take a gap year instead of going straight to university. My brother, who is two years older than me, did the same two years before and went to Cambridge in England. So I followed his path and lived for 6 months in Cambridge too. The main reason why my brother didn’t go to university after graduating was because of my dad. He ...
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