Wednesday, May 7, 2014

Purchasing power of money and McDonalds. Let's go back to the Disco Era

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This menu board I posted yesterday gives me food for thought (pardon the pun).  It makes it easy to compare the purchasing power of wages...
2 comments:
Tuesday, May 6, 2014

McDonalds menu board from 1974. Nice lesson on prices and selection change over time.

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I saw this photo of an aged McDonald's menu on Twitter.  I spent about 2 minutes trying to confirm and the best I can find it is from 19...
3 comments:
Monday, May 5, 2014

Short currency exchange rate lesson: Kia Motors and the Won

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The trading of  goods and/or services internationally requires the exchanging of currencies to facilitate those transactions.  Consumers and...

PPF illustration with maps of Corn and Soybean acreage. Nice real life example.

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In the first week of an introductory Economics students encounter the Production Possibilities Frontier (PPF) as the first formal model used...
Saturday, May 3, 2014

My Informal Lime Report Update: A price increase!! According to reports, this should NOT be happening...

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I have been chronicling the price of Limes at my neighborhood Kroger (Northern Burbs of Columbus OH) for the past month or so.  Today...

Nice graph showing Median Age of workers and an aging population. Is there something to see here?

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Via Twitter and Micheal McDonough . "Median" age means half of workers are older than 42.40 years of age and half are under (rea...

Nice graphic on revised employment reports from the St Louis Fed

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This graphic comes from the St Louis branch of the US Federal Reserve Bank . It is a nice illustration of (1) why we should pay only mild ...
Friday, May 2, 2014

Electric Car buying and subsidies. Who REALLY benefits?

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Electric Cars are considered a net positive for a lot of reasons.  I know this can be a point of contention, but that is not what this posti...
Wednesday, April 30, 2014

Latest GDP report out. I see heating bills and transfer payments. What do you see?

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The latest Gross Domestic Product report for the 1st Quarter of 2014 just came out.  Not a good one at all---GDP grew at a .1% pace (yes, PO...

Is the US REALLY falling behind China in terms of measuring GDP? "Objects in mirror appear larger than they really are" is not just for rear view mirrors...

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There is a new International Monetary Fund (IMF)   report out regarding China's imminent surpassing of the US as the worlds largest eco...
Monday, April 28, 2014

Nice graphic on the number of jobs lost during the recession then gained back, by wage range. Surprised?

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This graphic on the losses and then gains in jobs in different wage bands is from The National Employment Law Project.  (A liberal group). I...

Not all income inequality is the same: The College Town Edition.

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A nice example that illustrates the maxim "There are lies, damn, lies, and Statistics". Five Thirty Eight (Ben Casselman) has a ...

How much stuff can you make from one bale of Cotton?

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Saw this on Twitter from an organization called " American Farmers ".  Thought it interesting. I like graphics that quantify and p...

Trade restrictions: The Quota Edition. Get primed with this primer!!

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I put together a presentation on how a QUOTA (as opposed to a Tariff) put on Imports affects the market for a good. This is meant as an in...
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...
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