Friday, May 30, 2014

Why we can't have nice things---"Disaster Assistance to New England fisherman edition"

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Why we can't have nice things---"Disaster Assistance Edition". Below are two articles on the same topic---Federal disaste...

I found a Microeconomics Unicorn! See the chart here.

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A rare treat for an economics teacher.  A chart that quantifies (not completely but enough) the difference between "Economic Costs...
Thursday, May 29, 2014

Chart showing why AT THE MINIMUM you should go to (and finish) a Community College.

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The Upshot at the NY Times has a terrific analysis (and the bar chart below) of how important the Community College systems is in the US.  ...
Wednesday, May 28, 2014

Here is some great info on the high Australian Minimum Wage. This is not to change minds but to add to your knowledge base. Both sides will find some supporting evidence.

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When we compare minimum wages across borders it can get dicey because we have to interject currency exchange rates. We can use actual market...
Tuesday, May 27, 2014

Nice cost data for a broad array of agricultural commodities. For use in teaching Perfect Competition.

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Given my limited editing skills in Excel, I condensed some cost data on various agricultural commodities. All costs are projected costs for ...

Nice graphic showing "what is" in terms of electricity generation as opposed to "what should be".

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Just a reminder of "what is" in terms of electricity generation in the US (a positive statement), as opposed to "what should ...

Nice graph(s) putting Student Debt levels since 2005 in perspective

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From the St Louis Federal Reserve (" The Share of Borrowers with High Student Loan Balances is Rising ") The top graph shows the...
Monday, May 26, 2014

Increasing Opportunity Costs and the Farm Bill. Come visit my "Farm" to see what it is about.

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Here is a very basic presentation to illustrate the concept of "Increasing Opportunity Costs".  This can be a difficult concept ...
Thursday, May 22, 2014

Nice graphs of traffic fatalities, miles driven and recessions since the early 70's.

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Saw this graphic in an article on why Southern cities have more pedestrian fatalities than other regions of the country.  It includes pedest...
2 comments:
Tuesday, May 20, 2014

"Purchasing Power Parity for Dummies"---like me!

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Purchasing Power Parity is somewhat of a difficult concept to grasp for the average high school student. Heck, I struggle with it. I will ...
4 comments:
Monday, May 19, 2014

The Swiss proposed a minimum wage of $25 per hour...or is it $16? Depends on your definition of exchange rate

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The Swiss held a nationwide vote to raise the minimum wage and it was soundly defeated.  In the US, the media reported that it would have be...

Nice graphic showing "breakdown costs" for the physical/material inputs for Google Glass.

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The Wall Street Journal has an article today regarding IHS's "break-down cost" of the much talked about wearable technology G...
Saturday, May 17, 2014

Regardless of your political persuasion..

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I suppose it is inevitable that it plays out this way.  The Constitution is sort of like a book.  It provides a table of contents and the 3 ...
Friday, May 16, 2014

Since 1994 we receive 150 more TV channels and but only watch an additional 7. Progress?

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The number of TV channels the average person can receive in their homes has increased 375% (189.1-40.4= 148.7/40.4 X 100) The number the ...

Where's the Beef? No, seriously, where is the beef!!

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Here is a look at the past, present and future of the Supply Side of the meat industry. This data is from the USDA ERS  for the years 2013, ...
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