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Hello Everyone.

The UOA Economics Group is back again this Tuesday and we are looking to hold regular meetings each Tuesday from now to the end of the year.  We will be continuing this week from where we left off last time by examining the Business Cycle, something which we are all aware of, especially given the current recession, but of which few really understand.  Why do these boom-bust cycles occur?  What drives them?  Are they becoming more frequent?  And can these damaging cycles be prevented?  This is a very important subject for not just any student of economics, but for everyone as these boom-bust cycles affect us all.  Since university is back in session we will return to the 6pm time.  For others further afield, feel free to join us when you can.

Date: Tuesday 14th September

Time: 6pm

Room: University of Auckland Business School, Owen G Glenn Building, Room 317 (Level 3)

If you haven’t visited the blog https://uoaecongroup.wordpress.com/ lately, there is some background reading on capital theory if anyone is interested and thanks to Rob, we’ve even found some leading economist’s getting caught out by the broken window fallacy.  We have more copies to give away of “Economics in One Lesson” so if you would like to get your hands on one, write in and explain what the economist’s in this article http://www.stuff.co.nz/business/industries/4100777/Quake-could-be-good-for-economy are not seeing.  In Bastiat’s words explain Ce qu’on voit et ce qu’on ne voit pas (That which is seen and that which is unseen).  That’s all for now.

Look forward to seeing you soon

Categories: Uncategorized
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