Podcast
Questions and Answers
Who is the current Chairman of the Fed?
Who is the current Chairman of the Fed?
Jerome Powell
Which country has the highest GDP when adjusted for PPP?
Which country has the highest GDP when adjusted for PPP?
China
Who were the Nobel Prize Winners in 2019 and for what field?
Who were the Nobel Prize Winners in 2019 and for what field?
Banerjee, Duflo, Kremer - poverty economics (randomized controlled trials)
What is the current US debt as a proportion of GDP?
What is the current US debt as a proportion of GDP?
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Who is the President of the European Central Bank?
Who is the President of the European Central Bank?
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Who is known for the rational expectations theory in 1994?
Who is known for the rational expectations theory in 1994?
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Which economists were associated with non-cooperative game theory in 1993?
Which economists were associated with non-cooperative game theory in 1993?
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Who are the economists known for their work on economic history concerning economic/population growth in 1991?
Who are the economists known for their work on economic history concerning economic/population growth in 1991?
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Which economist is associated with transaction costs, Coase Theorem, and property rights in 1987?
Which economist is associated with transaction costs, Coase Theorem, and property rights in 1987?
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Who is credited for the Solow-Swan (exogenous growth) model in 1982?
Who is credited for the Solow-Swan (exogenous growth) model in 1982?
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Study Notes
Federal Reserve Leadership
- The current Chairman of the Federal Reserve is Jerome Powell.
Global Economy Metrics
- The country with the highest Gross Domestic Product (GDP) when adjusted for Purchasing Power Parity (PPP) is China.
Nobel Prize Winners 2019
- The Nobel Prize in Economic Sciences in 2019 was awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for their experimental approach to alleviating global poverty.
US Debt Statistics
- The current US debt stands at approximately 120% of GDP, reflecting growing fiscal challenges.
European Central Bank Leadership
- The President of the European Central Bank is Christine Lagarde.
Rational Expectations Theory
- The rational expectations theory, influential in macroeconomic theory, was developed by Robert Lucas, recognized for his contributions in 1994.
Game Theory Contributors
- John Nash and Reinhard Selten contributed to non-cooperative game theory, receiving the Nobel Prize in 1993 for their work.
Economic History Scholars
- Economists David Landes and Eric Jones are noted for their research on economic history regarding economic and population growth, examined in 1991.
Transaction Costs Framework
- Ronald Coase, associated with transaction costs, the Coase Theorem, and property rights, significantly impacted economic theory in 1987.
Exogenous Growth Model
- The Solow-Swan model, which addresses factors contributing to long-term economic growth, was credited to economists Robert Solow and Trevor Swan in 1982.
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Description
Test your knowledge on countries by GDP and OPEC member countries. Remember the order of the entire list of countries by GDP, as well as the values of the top five. Identify at least three OPEC countries from the provided list.
