The document summarizes the 2014 Nobel Prize in Economics, which was awarded to Jean Tirole. The Nobel Prize is an annual international award bestowed by Swedish and Norwegian committees in recognition of scientific advances. Jean Tirole, a French economist, won the 2014 Economics Prize for his work on market power and regulation of powerful firms. Specifically, his research examined how to understand and regulate industries dominated by a small number of large firms or monopolies in order to prevent socially undesirable outcomes like higher prices.

1. Economics Sciences‘ Nobel
Prize
2014
Presented by: Ahsanullah Mohsen 1

2. Out line
ECONOMICS NOBEL 2014:
1. Introduction to Nobel prize
1.1. Nobel Foundation
1.2. Prize in Economic Sciences
2. Prizes
2.1. Medals and Diplomas
2.2. Award money
3. The Economic Nobel Prize winner
2.1. Prof. Dr. Jean Tirole
3.2. Work of Dr. Tirole
 References.
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3. You would be amazed at the number
of doors a Nobel Prize opens.
Elie Wiesel
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4. 1. Introduction to Nobel Prize
The Nobel is a set of annual international awards bestowed in a number of
categories by Swedish and Norwegian committees in recognition of cultural and/or
scientific advances.
1.1. Nobel foundation:
 a private organization on 29 June 1900
 Robert and Ludwig Nobel
 US$560 million assets
 board of five Swedish or Norwegian citizens
2.2. Prizes in Economic Sciences
 In 1968, Sveriges Riksbank celebrated its 300th anniversary by donating a large
sum of money to the Nobel Foundation to be used to set up a PRIZE
 Jan Tinbergen and Ragnar Frisch “for dynamic models”
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5. 2. Prizes
2.1. Medals and diplomas
 In 2011 the Mint of Norway, located in Kongsberg, made the medals.
 registered trademarks
 showing the image of Alfred Nobel and the years of his birth and death
 Nobel laureates receive a diploma directly from the hands of the King of
Sweden or the Chairman of the Norwegian Nobel Committee.
 Contains picture and text which states the name of the laureate and normally
a citation of why they received the PRIZE
2.2. Award Money
 The amount of PRIZE money depends upon how much money the Nobel
Foundation can award each year
 10 million SEK (US$1.4 million, €950,000).In June 2012
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6. 3. The Economic Nobel Prize winner
3.1. Prof. Dr. Jean Tirole
 Jean Tirole (August 9, 1953 in Troyes)
is a French economist , in particular with
Industrial Economics busy.
 PhD in Economics and Engineering
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7. 3. The Economic Nobel Prize winner
3.2. Work of Dr. Tirole
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8.  Professor Tilore wins for his work on market power and regulation, and his
work taming (enlightening) powerful firms
 Tirole is one of the most influential economists
 How to understand and regulate industries with few powerful firms
 Many industries are dominated by a small number of large firms or a SINGLE
monopoly. Left unregulated, such markets often produce socially undesirable
results – prices higher than those motivated by costs, or unproductive firms
that survive by blocking the entry of new and more productive ones
 how should the government deal with mergers or cartels, and how should it
regulate monopolies?
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9. References
 www.Wikipedia.com
 www.nobelprize.or
 Walls treat journal Vol: XXXII NO.179 (Tuesday, October 14, 2014)
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10. Questions?
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11. Thank
you
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