Journal Entry Assignment | College Homework Help

Journal Entry/Nobel Prize Winners
Pick two of the three following topics and investigate a Nobel prize winner associated with the
two topics you chose.

Information Problems: Georg Akerlof or Oliver Hart

Behavioral Economics: Daniel Kahneman or Richard Thaler

Institutional Economics: Elinor Ostrom or Oliver Williamson
You have selected two winners. For this entry, write on the following:
1)   Short biography of the winner (no more than half a page)
2)   What were their areas of interest? (micro or macro? What fields of economics?)
3)
What key concepts or economic tools did they develop?
Pick one concept and explain it
in detail. Preferably the one they are most known for.
4)   What are their most cited/famous works? (books/articles)
5)   Find one of their journal articles (maybe the one they are most famous for) and explain
how they did their economic investigation and what tools (experiments, data, abstract
models,…) they used. Give a short summary of the article. Your library online database
has access to the major economics journals.
Based on what you read, which of these topics of study interested you more and why?  If you
were to investigate the topic further, what questions might you want to ask or research
further? (1-2 questions)