Showing posts with label AP Micro. Show all posts
Showing posts with label AP Micro. Show all posts
Wednesday, August 17, 2016

Market for Irish Cattle---Change in Quantity Supplied vs Change in Supply

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One of the most frustrating things to teach AND learn in a basic microeconomics class is the difference between a change in Quantity Demande...
Thursday, August 21, 2014

Economic vs Accounting Profit: Corn or Soybean? That is the question--answered here.

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Using data from the US Dept of Agriculture Economic Research Service (USDA-ERS) I made the following two charts (I am in the infant stages ...
Saturday, August 16, 2014

Back to the Future: Russia threatens price controls in the face of Economic Sanctions. We know how this will work out.

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Predictable consequences are playing out in the economic sanctions world---with more to come:. Russians already hurt by Western food impor...
Tuesday, August 12, 2014

Shark Week and the Market for Shark Tacos. Let's go to the graphs.

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Shark Week on T.V. has appartently increased the demand for Shark Meat in a variety of forms. NPR has a story on this : Discovery Channe...
Friday, July 25, 2014

Something's fishy in Alaska in the canned salmon market. Let's go to the graphs.

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Another day, another easy pickin' economics lesson pulled from the headlines. "Alaska Governor asks the Federal Government to buy...
Friday, June 13, 2014

Corn, Wheat and Soybeans OH MY! I calculate "Economic Profit" for each. See which one gets planted.

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In my last posting ( HERE ) I used USDA cost and crop yield data to show the different costs per bushel a farmer faces when choosing to pro...
Friday, May 30, 2014

I found a Microeconomics Unicorn! See the chart here.

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A rare treat for an economics teacher.  A chart that quantifies (not completely but enough) the difference between "Economic Costs...
Thursday, April 17, 2014

Sriracha Sauces loss is my gain. Nice example to show how a potential change in fixed costs and variable costs affect a firm.

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Sriracha sauce maker considers relocation The makers of the most popular Sriracha sauce (Huy Fong Foods) is facing a dilemma.  A by-prod...
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