Social and Behavioral Sciences Commons^™

The Economics Of Artificial Intelligence: A Primer For Social Studies Educators, Scott Wolla

The Councilor: A National Journal of the Social Studies

This paper provides a framework for understanding the economic effects of automation and artificial intelligence (AI). First, it reviews how physical capital interacts with labor in the context of automation and AI. Next, it discusses recent advances in AI and potential economic outcomes such as job market polarization and income inequality. It then describes the role education has played in previous economic transitions and the role it will likely play as technology advances. Finally, the paper identifies key economic concepts and teaching resources that social studies educators can integrate into their instruction to help students understand the economic effects of …

Bitcoin: A New Form Of Investment Or Another Traditional Asset?, William Gregg Vi, Thanh Nguyen

University of South Carolina Upstate Student Research Journal

Previous studies have compared Bitcoin to financial assets (bonds and stocks) or commodities (gold, crude oil, and silver) or fiat monies (USD, JPE, etc.) This might cause a problem because Bitcoin is different from those traditional assets due to it being extremely risky, illegal in many places, and not presenting any real cash flows like stocks or bonds. Our paper focuses on comparing Bitcoin with traditional assets of similar risk-return profile such as public small capitalization stocks, OTC stocks, IPO stocks, and junk bonds. We find that Bitcoin experienced the highest return and was not correlated to those assets. That …

Contemporary Investment Strategies And Comparison Applications Of Bitcoin, William Gregg Vi, Thanh Nguyen

University of South Carolina Upstate Student Research Journal

Bitcoin is an effective component to any investor's portfolio. The purpose of this research paper was to study the capabilities Bitcoin has to investors and anyone interested in learning more about cryptocurrencies. What are the strategic applications of Bitcoin and why should it be used over other types of assets? Bitcoin offers diversification capabilities to commodities, equities, bonds, the U.S. dollar, and most stock market indices. It can offer hedging capabilities against the U.S. dollar, Ethereum, stock market indices, and commodity uncertainty. The Financial Times Stock Exchange 100 (FTSE100) is an example of an index that Bitcoin can hedge against. …

The Data Market: A Proposal To Control Data About You, David Shaw, Daniel W. Engels

SMU Data Science Review

The current legal and economic infrastructure facilitating data collection practices and data analysis has led to extreme over-collection of data and the overall loss of personal privacy. Data over-collection has led to a secondary market for consumer data that is invisible to the consumer and results in a person's data being distributed far beyond their knowledge or control. In this paper, we propose a Data Market framework and design for personal data management and privacy protection in which the individual controls and profits from the dissemination of their data. Our proposed Data Market uses a market-based approach utilizing blockchain distributed …

Morocco’S Informal Economy: The Role Of Rotating Savings In Rabat, Grace Lamendola, Hicham Ait Mansour

DU Undergraduate Research Journal Archive

This research project is a case study concerned with how the practice of Rotational Savings and Credit Associations (ROSCAs) function within Rabat, Morocco. Research was guided by the following questions: Why is this form of money management utilized? Who is the typical participant in ROSCAs? What sort of purchases are financed through this practice? And what does the changing popularity of ROSCAs mean for future generations? In order to begin answering these questions I collected considerable qualitative data throughout my four-month long stay in the Medina of Rabat during Fall of 2019. I also supplemented this data with secondary research …

Book Review: The Third Pillar: How Markets And The State Leave The Community Behind, George Morrow

Essays in Education

Rajan, Raghuram (2019). The Three Pillars: How Markets and the State Leave the Community Behind. New York: Penguin.

Mr. Rajan explains the success and failure of societies through the interrelationship of three social sciences (what he calls pillars): economics (the marketplace), political science (government), and sociology (communities). In Section I, Mr. Rajan describes the origins of each pillar starting at the end of the medieval era. Each pillar has its own tale related to it social science but their stories are interwoven as well. An example: the marketplace and the expansion of trade (both territorially and in complexity) could only …

Integrative And Contextual Learning In College Algebra -An Interdisciplinary Collaboration With Economics, Choon Shan Lai, Glenn Henshaw, Tao Chen, Soloman Kone

Journal of Mathematics and Science: Collaborative Explorations

Many students consider mathematics too abstract and useless for their academic and career goals. Meanwhile, instructors in quantitative disciplines such as economics find many students mathematically underprepared for their courses. The disconnect between students’ perceptions of the utility of mathematics and their life and career may have contributed to some of the under-performance in learning mathematics. Addressing this problem requires collaboration across disciplines to develop an understanding of each other’s needs, more specifically to develop an integrative platform that allows students to apply mathematical skills in interdisciplinary contexts (Ganter & Barker, 2004). We collaboratively designed and implemented an integrative platform …