Friday, May 24, 2013

"Eat Mor Chicken" is the market response to "Where's the Beef?"---Nice graphic showing what is happening in the meat market...

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A nice teaching moment courtesy of The Wall Street Journal . The graphic below illustrates how the increase in the price of beef at the whol...
Wednesday, May 22, 2013

New research paper answers the question regarding extended unemployment benefits and peoples willingness to work/find jobs. Might be surprised by the findings!!

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Embedded below is a hot off the press study that explores the effect of Extended Unemployment Benefits on labor markets.  Specifically, do b...
Tuesday, May 21, 2013

Food prices in 1913 and today. Which do you think is a better deal? More convinced than ever that there are no Good ol' Days--except for the ones we are in now...

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The data below are from a BLS report on prices.  It shows basic food staples as they were priced in 1913 and in 2013. The total market bas...

How do I know pets are a substitute for children, even if you HAVE children? Nice graphic on how much we spend on our pets.

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Pets clearly become the "baby" when the baby leaves home or there is not one  (child/children) in the first place.  This report b...
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Bacon will not be a part of your 4 "Coase" meal in San Francisco. See here why.

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Bacon, the perfect food in my opinion, is not beloved everywhere. Bacon restaurant shut down for smelling like bacon It turns out that...

Nice graph showing college degrees granted by gender. You are (and earn) what you study.

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Degrees by gender.  Note the 50/50 line ("Social Studies and History" is as close to a 50/50 split as can be) .  This means any ba...
Monday, May 20, 2013

TENTATIVE answers to the 2013 AP Macroeconomics Exam FRQ's

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HERE is the link to my preliminary interpretation of the 2013 AP Macroeconomics FRQ's. I am open to correction and or suggestions for...
Sunday, May 19, 2013

Nice Economics related cartoon to illustrate "structural unemployment". There will be rage against the machine, but only AFTER it serves you lunch...

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Nice economics related cartoon in the NYTIMES today (HT: Jared Bernstein). A good illustration of " stuctural" unemployment in...
Saturday, May 18, 2013

Nice graphic on the change in Skill Levels for jobs in the US since 1983. Where do YOU plan to be on this chart??

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US population today is approximately 315 million. In 1983 it was 234 million.  That is a 35% increase. Low Skill Occupations increased by...
Friday, May 17, 2013

An Ode to a Grecian Spurn ...of reality

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Greece, arguably the most economically troubled country in Europe, has a rather high opinion of itself relative to its Euro-area neighbors. ...
Thursday, May 16, 2013

If you are going to have a Socialist Revolution you better have some toilet paper. Oh, and take a basic Econ class too

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Venezuelans are learning a hard lesson that could have been avoided if their leader took a basic economics class.  The lesson is on the pr...
Sunday, May 5, 2013

How much does Prom cost and who pays? A nice graphic and some interesting observations from a survey by VISA.

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    Here is a short summation of the findings from a VISA survey where this graphic came from (found HERE).   Spending on the a...

Travels of a bloody shirt. Which one would YOU buy???

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This is from CNN and produced in light of the recent tragedy in a textile factory in Bangladesh. It shows the cost to produce the same ...
Saturday, May 4, 2013

Happy Kentucky Derby Day...I think. Had to throw in an Opportunity Cost lesson...

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Friday, May 3, 2013

Jobs report just out. Look at this nugget I observed in the report that you won't hear/read about in the analysis by "Real" Economists/Pundits today. And I think it is the underlying problem with tepid job creation.

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The Jobs Report for April is JUST out.  With this months report AND upward revisions for the last 2 months, we are chugging along. The job...
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