Saturday, March 1, 2014

Interesting data on New Home sales in the past 2 years. Evidence of economic recovery or income inequality? I report, you decide...

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Below is some new housing data I took from the US Census report on New Housing in the US(January 2013). It shows the number of New Houses ...
Friday, February 28, 2014

Population trends and the Federal Budget. One captures the other by the tail.

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Demographics---I harp on this a lot, I know.  My prior posting HERE you can see a graph that gives me hope regarding the economic future. St...

Nice graph showing the saviors of the US economy are those of you in High School and College right now. We just have to wait for you to get into your 30's!!

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Saw this graph at Motley Fools and felt more hopeful about our economic future. The age group 30-44 is an important one because it represen...
Wednesday, February 26, 2014

Energy use as a Variable Cost. Nice analysis that gives me a chance to GO TO THE GRAPHS! :)

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C onsumer good manufacturing is a highly competitive industry. There is constant pressure to reduce costs.  Most of the costs producers fac...

Common question from students: Do I need to file a tax return or what? Well...yes, no, maybe. See here for the basics...

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This time of year I often get inquiries from students about filing tax returns.  Mostly whether if they need to or not because of the limite...
Tuesday, February 25, 2014

The Federal Budget over time has become one that does less and transfers more. Is this a good thing, bad thing, or just a thing? See graphic here...

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Here is a graphic from NPR that shows the ebbs and flows of  US Federal Budget SPENDING as a percent of Gross Domestic Product. I doctored...
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AP Microeconomics lesson on Negative Externalities. Nice real life example!

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A report by the US Dept of Agriculture suggests LOTS of food in the US goes to waste. They estimate that 31% o f food produced and sold to c...
Monday, February 24, 2014

Disney has raised its theme park prices AGAIN! See here by how much and how it compares to inflation. Pricing Power, indeed!

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Disney has increased the price of admissions to its Theme Parks (Orlando Fla and in California) effective, well, immediately. The old pric...

My explain-er on the Demand for Labor in a Perfectly Competitive Labor Market. Might be useful for AP teachers and students alike.

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Can you tell we are getting closer to the AP Micro test in May?  Here is a PPT on one part of the Labor Market---Perfectly Competitive Labor...

My explain-er on the the Monopolists Demand Curve, Total Revenue Curve, Elasticity and Marginal Revenue. Whew!!!

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It any teacher or student of AP Microeconomics needs an explain-er on: 1. A Monopolists Demand Curve and the Total Revenue Curve 2. The D...
Sunday, February 23, 2014

Interesting back story behind the infamous "Mission Accomplished" banner. Things are not always as they appear.

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Learned something new today from David Henderson at Econlog  that is not about economics. He relayed a first person account of the back st...

Only one passenger car on the market lasts, on average, more than 200,000 miles in this Top 10 list. Guess before you look.

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Only one car makes the list, Honda's Accord. The rest are pickups and SUVs (click on link to see the rest):   "If you want to ow...

Economists who write the most about income inequality and stagnant mobility work at some of the most unequal universities in the US.

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I saw this graphic HERE and I think of the MANY academic bloggers I read everyday who write about the issue of inequality. Many/Most of th...
Saturday, February 22, 2014

Interesting graph showing the decline of the Mini-van era and the rise of the "Suburban Assault Vehicle'. Even with our cars we have asked to be Super-Sized.

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Here is a graph ( from Statista) of the Market Share of Domestic"Light Trucks" sold in the US from 1990 to 2012.  Instructively, ...
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Friday, February 21, 2014

Latest report on the holders of the US National Debt is out. Nice graphic showing the recent historical trend and who the buyers of our IOU's are.

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Here is a graph (from HERE) of the latest report from the US Treasury (December 2013) on the various holders of the Public portion of the Na...
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