Friday, April 4, 2014

Nice GIF showing how Chicago neighborhoods have changed over time in terms of income inequality.

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Here is a GIF ( CBSChicago) showing the change in the Greater Chicago area in terms of median income. De-industrialization as we moved from...
Thursday, April 3, 2014

If the Ukraine falls food insecurity will rise in many parts of the world...

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From the USDA: Over the last 15 years, Ukraine has emerged as a major supplier to world markets for several agricultural commoditi...
Wednesday, April 2, 2014

An "eggs-elent" article to teach various components of Demand.

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A very short article in Quartz regarding the decline in the consumption of eggs in the US and how it can help teach the basics of Demand. ...
Tuesday, April 1, 2014

What is the price of a Lime in your neck of the woods? Photos welcome if you happen to be out shopping!

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Lot's in the news about the current lime shortage in the US.  Most limes we consume come from Mexico. Due to weather AND gang activity, ...
Friday, March 28, 2014

Nice short video about the progress the world has made in the past 50 years (20 for that matter). Louie Armstrong was right...

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It's a wonderful world....Feeling down about the state of the planet and its inhabitants?  Here is a little pick me up that will put thi...

Explain-er with real life example: The difference between accounting costs and "economic" costs. This is why every one hates economists but love their accountant.

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Here is a graph (HT:  Big Picture Agriculture ) that shows the relationship over time (1972-2012) between the Average Total Cost ("ATC...

A short lesson on the difference between a "Constant Cost" and "Increasing Cost" Production Possibilities Frontier. A must know for AP Econ!!

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Understanding the difference between a "Constant Cost (Straight Line)" and an "Increasing Cost (Concave)" Production Pos...
Saturday, March 22, 2014

Full-employment, Progressive Era style. Nice photo of bowling pin setters in 1910.

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This photo accompanies a nice article on "The Rise and Fall of Professional Bowling".   It was taken in 1910.    From Wikipedia,...

See how the price and quantity sold of the simple i-Pod as changed over time since its introduction in 2003. The i-Pod is Dead, Long Live the i-Pod...

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Ok, it is not really dead, but it is on its way to becoming an impulse buy in line at the grocery store. The iPod will go down in history ...
Wednesday, March 19, 2014

A survey suggests businesses won't reduce staff, maybe slow hiring of new workers BUT raise prices if the minimum wage goes to $10.10. Let me show you how this is possible.

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The Wall Street Journal had this graphic based on a recent survey regarding business sentiment towards a potential increase in the Federal m...

Which is the most and least expensive city to attend an NBA game for you and 3 friends? For once, geography does not seem to matter. See interesting data here...

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Here is an interesting survey of NBA (National Basketball Association) teams and how much it costs to attend a game.  Lots of interesting da...
Tuesday, March 18, 2014

Nice real time data and graphs to illustrate a Price Floor. A must know concept for the AP Microeconomics test!

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Agricultural commodities are produced in technically what is called a  “Perfectly Competitive” Market.  .   The prices are established i...
Sunday, March 16, 2014

A grade earned in an introductory college course is a pretty good predictor as to whether someone is going to major in that subject. HOWEVER, men and women respond very differently to that grade. Nice graphic with an example here.

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This graphic comes from a study by Harvard professor Claudia Goldin  (click for an article by her on this topic). It shows, by grade attai...
Friday, March 14, 2014

Not in my area of expertise but here is what I think happened to Malaysian Flight 370.

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I want to go on record with my theory of what happened to Malaysian Flight 370. I just saw a profile of the pilots on CNN.  The co-pilot ...

TurboTax e-mails price increase threat without giving ANY details. Not cool, Turbo Tax, not cool...

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Just received this e-mail a few minutes ago from TurboTax, which I use for doing my Federal and State tax returns. The yellow highlight is...
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