Economics is the study of the allocation of scarce resources. The subject of this course is microeconomics, which examines the decision making of individuals and firms with regard to consumption, ...

Mental illness costs the U.S. economy $282 billion annually, which is equivalent to the average economic recession, according to a new study co-authored by Yale economist Aleh Tsyvinski. The ...

Kevin Hoover had his pick of the world’s best universities. A budding economist at the Federal Reserve Bank of San Francisco, he had been accepted into Ph.D. programs at Harvard, MIT, Stanford, and ...

This month China’s central bank revealed that its digital currency, the e-CNY, had been used for 7trn-yuan-worth of transactions in its short life—an amount equivalent to almost $1trn. China is not ...

It can take a little imagination to see how some innovations might change an economy. Not so with the latest ai tools. It is easy—from a writer’s perspective, uncomfortably so—to think of contexts in ...

Twenty years ago, two economists responded to a slew of help-wanted ads in Boston and Chicago newspapers using a set of fictitious names to test for racial bias in the job market. The watershed study ...