Tuesday, December 16, 2014

Macroeconomics and Russia

Russia is suffering greatly, in part, due to the falling oil prices as the Ruble's value has been dropping precipitously.  Fifty percent of Russia's government's revenue comes from oil.  Above you can listen to the first two minutes of the talk from the Economist and here is a great article from the NYTimes which looks at several things taught in macroeconomics including selling of government assets abroad and raising the interest rate.   This is an article that I can use for both my economics' classes as well as comparative government. 

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