You may be aware that today the Nobel Prize for economics was announced - it went to Al Roth and Lloyd Shapley. You may well wonder who on earth these two guys are. If so, a little read of Marginal Revolution should help (or FT Alphaville).
One of Roth's contributions in particular was to think about repugnant markets - things we just think are plain wrong to be trading - kidneys, babies, etc. We'll be thinking a little about this in 217 over the coming year.
Shapley made his contribution in game theory, another tool we'll make use of during 217 to think about current events from the perspective of an economist.
This blog accompanies the econ217ab Contemporary Issues in the UK Economy course provided for intermediate economics undergraduates by the Department of Economics at the University of Birmingham. We will post on issues that are relevant for the material we lecture on during the course.
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