Michael Raith

Assoc. Prof of Economics & Management at Simon School, U of Rochester

[Michael Raith @MRaith]

@BrianCAlbrecht Congrats!

[Michael Raith @MRaith]

@alexolegimas @rorytruex Okay but this style of teaching: "Professor stands in front of class, talks for about an hour, and students take notes" was outdated long before AI. Let's keep distinct the benefits of active learning (known since Dewey) and the new challenges created by AI.

[Michael Raith @MRaith]

@NielsHoven One of our favorites, Crictor (1958), features a home invasion, hard to imagine in a book today

[Michael Raith @MRaith]

@cblatts Paper yes, but Gradescope not blue books. Doesn't solve the handwriting problem but otherwise makes grading so much easier

[Michael Raith @MRaith]

@RogueWPA Same. Just had my first paper exam in 15 years. At least I still get to use Gradescope instead of dealing with blue books.

[Michael Raith @MRaith]

@BrianCAlbrecht I teach this in UG strategy. Idk if intermediate micro covers it. "101" classes may well get to basic oligopoly, but comp => structure without a lot of math isn't easy. You first need to drive home how product diff affects eq. profit, and then combine with zero-profit condition.

[Michael Raith @MRaith]

@BrianCAlbrecht I'm happy to believe that something's wrong with teaching, not econ itself. Econ majors who later go to B-school and take micro for MBAs are often blown away by how relevant it is. But connecting theory with the real world, e.g. news stories, requires a lot of instructor effort.

[Michael Raith @MRaith]

@BrianCAlbrecht MWG Exercise 2.F.4...

[Michael Raith @MRaith]

@page_eco This cycle is also easy to break if schools cap class GPAs, as many B-schools do. Profs can then still pander for good evals but not thru easy As (and schools can counteract that too), and students can't extort profs for grades.

[Michael Raith @MRaith]

@ben_golub If you count the top 5's that specifically led to the prize, there are several zeros anyway, such as Coase and Selten.

[Michael Raith @MRaith]

@BrianCAlbrecht When I looked up it was 14%, doesn't matter. Not defending tariffs obv, but it's not like these calculations are an order of magnitude off. And I haven't seen anyone but economists care about DWL, esp bcs much of the loss in PS falls on foreigners .

[Michael Raith @MRaith]

@BrianCAlbrecht That's what we have though

[Michael Raith @MRaith]

@captgouda24 1. It sounds as though the study refutes only the most simplistic, direct effect of money on crime? 2. Reminded me of "Trading Places," a great Xmas movie, as it revolves around a "nature vs. environment" bet between two rich guys, who turn out to be the biggest crooks of all.

[Michael Raith @MRaith]

@wwwojtekk I noticed that in a paper by I. Weber recently. Long ago I read parts of the General Theory and remember 2 pages devoted to explaining shifts in demand vs. movement along the demand curve, aka demand depends on prices and other things. 2 pages in Keynes = 2 lines in Samuelson.

[Michael Raith @MRaith]

@Chicago1Ray They were highly trained engineers brought in to set up the factory and train American workers (just like in "American Factory" https://t.co/v5DIGpKqtY). Trumps "trillions" of foreign investment in the US are going to evaporate to zero quickly if this is how they are treated.

[Michael Raith @MRaith]

@CinemaTweets1 True, but Sergio Leone's Once upon a time in the West, an Italian masterpiece, subverted the genre decades prior, and towers over Unforgiven.

[Michael Raith @MRaith]

@CollinRugg Odd take. Benching 135 is easy if you spend a few weeks lifting regularly. However, most men do not, and I bet that less than 5% of men (or boys) can do this spontaneously. Just like most men can't do even one clean pull-up.

[Michael Raith @MRaith]

@Acyn Umm, Germany reunited because both parts (minus lots of other parts of the German empire that are no longer Germany) wanted this, not because one part invaded the other and forced them.

[Michael Raith @MRaith]

@BrianCAlbrecht Such as: tie income elasticity of demand to the recent BLS discussion https://t.co/TB85aGego8 Lipstick = inferior good, men's underwear = luxury?

[Michael Raith @MRaith]

@BrianCAlbrecht If classes seem out of touch it's the teacher's fault. For almost any topic there are news stories to connect to; empirical research too. Flipped classroom: push theory into reading/video lectures, use class to bring the theory alive: examples, discussion, cases, experiments.