Friday, October 3, 2014

How are Complementary Goods like Unicorns?

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Sometimes is it hard to come up with good examples of Complements when studying the basics of supply and demand.  They can be elusive, like ...

Having fun with 1938 prices.

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Nice graphic showing a cross-section of prices in 1938 ( Link HERE) .  How have things changed? Source: Classic Pics on Twitter Here a...
Friday, September 26, 2014

See the amount of Federal Tax Refunds issued for the day and tell me this is not inefficient

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Below is a small section of the US Treasury's daily report on various metrics .  It is a short document and has some pretty interesting ...
Thursday, September 25, 2014

Price of iPhones, in select countries, converted into US dollars. Is arbitrage the reason for long lines?

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I found the prices of the new iPhone6 in various countries at this link HERE .  They have the prices for the "regular" one and the...

Corn prices down. My graphs showing how this affects the farmer (AP Micro)

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A current event gives me an opportunity to create a series of graphs to illustrate what happens to "Economic Profits"in a market ...
Wednesday, September 17, 2014

How much is "50 Cent" the rapper worth in Foreign Currencies? Economics is FUN!

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On David Wessel's Twitter feed he retweeted this: I thought it funny as well. Using my meager Excel skills, I cobbled together t...

Basic Supply and Demand illustration. Hope it helps.

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The corn crop for this year (2014) is scheduled to be the most productive ever, with per acre yields in the 162 bushel range ( a bushel is 7...
Monday, September 15, 2014

Literally and figuratively the butter spread is getting wider. See how that affects trade flows.

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The price of butter has surged in recent days as well as recent months. Here is a graph I created showing the price of butter in the US and ...

"Mainstream media" article that extensively uses elasticity to describe a market. What a pleasant surprise!

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A terrific article that explains the current market for corn using many micro and a few macroeconomic concepts. Bumper crop is bummer for...
Saturday, September 13, 2014

"5 Tips for Investing" and a piece of advice on one of them from someone who has been there.

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USA Today has very short article " 5 Tips for College Students Interested in Investing ".  They may seem superficial but there ar...
Thursday, September 11, 2014

How to read a "Cross Currency Rate" chart for the lesson on Foreign Exchange Rates.

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One way students might encounter an exchange rate chart is in the from of "Cross Currency Rates" It is in table form and can be ...
Wednesday, September 10, 2014

The wage you are paid is not the total cost to employ you. See the numbers here.

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One of the many reports the Department of Labor's Bureau of Labor Statistics (BLS) puts out is " Employer Costs for Employee Compen...

Need a primer on "Tax Inversions"? Link to a nice one here.

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Confused by the issue of "Tax Inversions" as brought to prominence by the Burger King/Tim Horton's merger? This document HE...
Tuesday, September 9, 2014

Education Spending in the OECD countries. How does the US stack up against the rest?

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This terrific interactive is from the OECD website, the statistic gathering arm of the European Union. See how various countries stack up...
Monday, September 8, 2014

Reason Number Infinity as to why Walmart and Costco are NOT in the same business--New Tire Edition.

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I need some new tires for my 2010 Toyota Camry.  Thought I would check Walmart and Costco websites to price compare. I kinda  knew what the ...
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