Friday, April 25, 2014

Nice set of 3 videos to teach Structural Unemployment due to technological change. Where did the jobs go? Oh, I see now...

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When teaching Structural Unemployment it is quite common for teachers to use the auto manufacturing sector as a prime example of how advance...

Latest numbers on the National Debt in nice pie chart form. Might be helpful for your class.

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Here is a handy-dandy pie chart I found HERE that shows the proportion of the US National Debt owed to various entities.  This is the most ...
Thursday, April 24, 2014

The Sequel --"The Amazon Tax---Part 2"

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Prompted by an observation by my cyber friend The New Arthurian , I an revising my posting on the "Incidence of Taxation" regardin...
Wednesday, April 23, 2014

Chocolate milk bans and good intentions...One is good for you and one is not. You figure out after reading this which is which...

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Below is a commentary on the unintended BUT predictable consequences (paging Frederic Bastiat ) of banning an item that is desirable. When p...

Price of Limes--Part 3. Are "Large Limes" and "Organic Limes" perfect substitutes for each other? And what is up with the pricing?

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I guess limes have been my obsession lately.  Intrigued how Mexican criminal cartels are having an influence on the price of them.  Does not...

Top 10 Oil Producing Countries (including 1 US State that wants to be its own country!) in the World.

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Interesting data ( Carpe Diem at AEI ) I think most Americans are unaware of.   Here is a list of the Top 10 oil producers in the world. I t...
Tuesday, April 22, 2014

A new research paper on the "Amazon.com Tax". LOTS of lessons for Microeconomics!

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Via  Business Insider ,  THIS LINK  is to a paper that researched the effect that levying State Sales Taxes on online purchases from Amazon...
3 comments:
Monday, April 21, 2014

Chipotle and Marginal Revenue Product of Labor (MRP(L)). My two favorite things in one blog entry. Life is good (with a side of guac)..

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Here is a nice real-life example using Chipolte to illustrate the AP Microeconomics concept of "Marginal Revenue Product of Labor (M...

AP Macroeconomics test hint: You must get "Employment" and "Unemployment" right when asked how it changes as the result of a Real GDP change.

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I know this is VERY EASY but lots of students get it wrong, mostly because of inattention and/or nerves while taking the test.  Don't mi...
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Sunday, April 20, 2014

"Too much money chasing too few dinners". Food prices are not rising because of Monetary Policy. Think Supply and Demand fundamentals instead

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The prices of wide swaths of food items have increased over a relatively short period of time.  The longer term trend in rising prices has b...
Friday, April 18, 2014

Update on the price of limes. Quantity Supplied is still less than Quantity Demanded---only more so now...

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Visited my local Kroger (burbs North of Columbus, Ohio) to do some shopping and checked in on the price of Limes--- $1.49 each today ...

Family Dollar is closing lots of its stores. Is this a sign that it is an Inferior Good?

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Is the retail chain Dollar Family Stores an "Inferior Good" or a "Normal Good"? Here is an article regarding the clo...

The Opportunity Cost of Water Use: California Marijuana Edition.

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I previously posted this graphic that shows how water intensive some agricultural products are.  California is a major source for these food...

Headline from the Washington Times today. They must have boosted hiring in the their Dept of The Obvious...

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Made me chuckle.  :) Washington Times
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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