Thursday, November 13, 2014

The Lottery--How much does your State payout in Prizes and gain in Revenue for the State Budget?

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Over at  Five-Thirty-Eight Mona Chalabi has a blog entry on how much States receive in Lottery money ( year 2012 is the latest data availbl...
Monday, November 10, 2014

Nice Real Life Example of "The Rental Rate of Capital". An important Micro Econ concept.

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One of the more difficult (and frustrating, I think) concepts in the Microeconomics Unit on Firm structure is figuring out what is an impli...
Tuesday, November 4, 2014

The price of oil relative to the cost of producing oil. Nice graphic to help with graphing!

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This is a follow up to yesterdays posting on the Break-Even point for oil drillers in different geographic areas of the US. The point of t...
Monday, November 3, 2014

Ebola Update: Last week was not a good one in this fight.

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The data-base for Ebola reporting ( found HERE) is updated to Oct 27th.  You can see in the graph below that the week of October 21st to 27...

PPT on Firm Cost Curves as it relates to the price of oil.

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I love it when the media post(s) helpful resources. The graphic below comes from a Wall Street Journal article:    Energy Boom Can Withsta...
Friday, October 31, 2014

Prices of things the day I was born.

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Looking though the archives of the New York Times today .  Thought I would see what happened on my birthday (April 6, 1960). Saw this adve...

Do Danish Fast Food Workers REALLY earn $20 per hour? It depends on how you define $20

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A popular article making the rounds in the Econ and Politics blogoshere is this one: Living Wages, Rarity for U.S. Fast-Food Workers, Serv...
Tuesday, October 28, 2014

Supply and Demand: Ebola Protective Gear edition.

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The tragedy of Ebola has created issues in the supply chain for the protective gear we have come to know so well from watching the news. ...
Monday, October 20, 2014

Ebola Update: Graphs of Cases and Deaths. Not a good trend.

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Here is a graph of the Number of Cases of Ebola that have been identified in each of the 4 countries where there has been a significant outb...
Saturday, October 18, 2014

Ebola: Latest WHO report suggests deterioration in affected areas in NW Africa

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For any of my readers interested in the latest regarding the Ebloa situation in Northwest Africa, here is an excellent resource for you or y...
Thursday, October 16, 2014

NYT column on water in CA. Nice graphic that I think I make more clear.

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Eduardo Porter at the New York Times has an excellent column on water policy in California. I highly recommend it.  It discusses many econo...
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Netflix and Elasticity of Demand. Nice article for illustration.

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Rarely do I come across an article or commentary (like the one below) that is a great help in giving life to relatively difficult introducto...
Friday, October 10, 2014

The New UK Minimum Wage in current and PPP exchange rates compared to US Minimum Wage.

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The UK has different minimum wages for different age groups and for those who are classified as "apprentices". Th numbers below ...
Thursday, October 9, 2014

China vs the US in GDP measurement. I try to explain it using actual vs PPP exchange rates.

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China reported its Gross Domestic Product to be  56.88 trillion Yuan in 2013 . I am going to assume this is "Nominal GDP", not adj...

Depreciation and Small businesses in Japan. My example.

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Here is a nice article on how swings in currency exchange rates are having an adverse affect on small businesses in Japan. Here is an excer...
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