The Student Economist , November 2013 | Page 2

WELCOME! So, let me just take a guess here, it?s the week before your end of year exams and in a blind panic you?ve run into the college library and picked up every single economics related object you saw hoping that at least one of them would be of some use to you. Well, congratulations, you?ve picked up the right one! Here at The Student Economist we are committed to helping economics students understand (and even enjoy!) those topics that you just didn?t seem to grasp the ?rst time around. This month?s issue will focus on the topics of externalities, public goods and common resources and the frontiers of microeconomics. We hope you enjoy! Love from your editors, Iona, Michelle, Chelsea and Sally xoxo INDEX: Externalities : Externalities : A Closer Look (Pages 2-6) Property Rights & The Music Industry : The Major Debate (Page 7) Public Goods and Common Resources: Quiz : How Economically Ef?cient Are You? (Pages 8-9) A Day in the Life of.. A Cost Bene?t Analyst (Page 10) Important Public Goods & Common Resources (Pages 11-12) Wordsearch (Page 13) Frontiers of Microeconomics: Moral Hazard and Adverse Selection in Today?s Economy (Pages 14 -15) Signalling and Screening (Pages 16-17) Behavioral Economics (Pages 18-20) The Median Voter Theorem (Page 21-22) Condorcet Voting Paradox (Pages 23-24)