Saturday, December 4, 2010

Healthcare costs in the US compared to other developed countries---I AM the problem! Seriously, I AM the problem...

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A visually creative way to illustrate the costs of healthcare in the US vs. European countries.  We see a separation during the 80's  Th...

Validation of my rant in class about the Fed-to-Banks-to-US Treasury circular flow of money/circular flow of logic that reminds me of a hamster on a treadmill...

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Last class period I explained one of the pieces of the puzzle as to why the banking system is not lending as much money as they could be. ev...

The Reserve Requirement in action!! Hey, it is as rare as Haley's Comet...Let me enjoy the spectacle that is a Monetary Policy tool rarely employed by a Central Bank...

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The reserve requirement is the Monetary Policy tool of last resort for the US Federal Reserve to employ to control the money creation proces...
Friday, December 3, 2010

An excellent, short video illustrating the economic progress the world has made in the last 200 years

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Well worth a viewing. This gives you a long term view of economic progress...All boats have been lifted,some more than others, but as econom...
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Thursday, December 2, 2010

How would YOU do on this test administered to 8th Graders in 1895...yes, that's right, 1895...I would have dropped out in 5th grade.

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This is the eighth-grade final exam from 1895 from Salina, KS. USA. It was taken from the original document on file at the Smoky Valley Ge...
Wednesday, December 1, 2010

Population Pyramids for China and India compared to the US---Pictures are worth a thousand embedded economic concepts...

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Two graphs comparing the size of different age groups in China and India, the worlds two most populated countries.  Together, they represent...
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Tuesday, November 30, 2010

Is Cyber-Monday "Creatively Destroying" Black-Friday? I sure hope so...

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Although it will make the news a bit more boring if it does. No more video of people shoving each other through doors to get to the "De...
Sunday, November 28, 2010

"Wait a minute Mr. Postman"...Actually, dont wait...you are being "creatively destroyed" by the marketplace...You might soon only exist in song...

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There are lots of micro-economic concepts embedded with analyzing a company like Netflix, not the least of which is "creative destruct...

Media interpretation of the Same Pentagon report---Match the headline with the paper---

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Here are two headlines from the Wall Street Journal and the NY Times reporting on the SAME pentagon report on the SAME day...Can you guess...
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Saturday, November 27, 2010

"I am an economist and I am here to classify your unemployment status...Oh, you already are getting re-training on your own? I am going to have to go back and research this to see if in theory you are making the right decision!"

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     There is lots of discussion in the economic blogoshpere about the nature of unemployment in the US.  Are workers skills still relevant ...
Thursday, November 25, 2010

Need money for College? The Dallas Federal Reserve Bank Essay contest may be for you!

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This is a great opportunity for you if you like to write and are at least a little bit interested in economics. You don't need alot of e...
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Wednesday, November 24, 2010

Which teacher are you??? :)

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 Source: MV=PQ 
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Tuesday, November 23, 2010

Disney raises admission prices to DisneyWorld...How do they know what my elasticity is?? Oh, I forgot, Disney knows everything!!

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The economists on staff at Disney have been busy. The debates about the Elasticity of Demand for DisneyWorld Tickets must have been very he...
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Google, Yahoo don't just hire tech geeks---they also hire economics geeks, err, I mean majors...

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For those of you thinking about majoring in Economics and wondering what you can do with it, this article may inspire you. I took a few exce...

"Gooble, Gooble" that is not a turkey talking. That is the sound of the cash register taking your money when you buy a turkey...

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"" 35% : The increase in the price of whole turkeys, from their pre-recession level Consumer prices in the U.S. are broadly stab...
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