Cubans do Entrepreneurship Better than Silicon Valley

For the past two weeks, I’ve had the incredible opportunity to go on tour to Mexico and Cuba as a violinist in the Stanford Symphony Orchestra. One thing that stood out to me during my weeklong stay in Cuba was how entrepreneurial the Cuban people I met along the way could be. Even more impressive … More Cubans do Entrepreneurship Better than Silicon Valley

My Foray into Machine Learning

One very interesting class I took this quarter was ECON45: Using Big Data to Solve Economic and Social Problems. In addition to learning about statistical techniques, quasi-experimental models, and real-world applications of “big data” (or “wide data” – tons of things are observed, leading to datasets with more variables than observations), the class gave some insights … More My Foray into Machine Learning

Economics for Kids

I recently stumbled across a great article on economics lessons that kids develop throughout their childhood. In an article published by the Foundation for Economic Education, the author discusses common scenarios that lead to kids understanding principles behind exchange, value, and, at its heart, the idea in economics that there exists unlimited wants, but limited resources. … More Economics for Kids

Economists as Weathermen, Engineers, and Plumbers?

Economics is a discipline that is often interpreted, or misinterpreted, by people in various ways. When explaining to friends about your major, what’s a good metaphor to use? In this interesting article, three metaphors are proposed, each with their own merits: Economists as Weathermen This metaphor has been more disparagingly used in reference to macroeconomic models that … More Economists as Weathermen, Engineers, and Plumbers?

Econ in the News: Agriculture in Cuba

A recent New York Times Article revealed that Cubans can’t afford diet staple foods because of increased tourism in Cuba. In response, Raúl Castro has pledged to crack down on middlemen for price gouging, and institute price controls on certain fruits and vegetables. While Castro’s engagement of the issue signals the government’s theories for reasons behind … More Econ in the News: Agriculture in Cuba

Econ in the News: Snap Spectacles and Scarcity Value

Snap Inc. (Snapchat’s newly-created parent) is trying to succeed where Google Glass failed: wearable recording technology. This time, Snapchat’s Spectacles – sunglasses fitted with cameras on either side that can record 10-second clips for all your Snapchat needs – appear to be avoiding the “Glasshole” negative associations that plagued Google’s launch. Indeed, Snap’s strategy provides … More Econ in the News: Snap Spectacles and Scarcity Value

Econ in the News: Pop Culture Economics

I’ve spent a lot of time talking about my two internships this summer, but I actually have a third job that I’ve been putting some time and effort into as well. I’m working with Professor Melanie Morten to redesign her pedagogical methods in ECON1 by using pop culture references to teach foundational economic concepts. My task … More Econ in the News: Pop Culture Economics