Wednesday, February 4, 2015

December Truck/SUV sales. Is there more to the story than low gas prices? Yes.

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I got the graphic below from a Wall Street Journal article on the big jump in "large vehicle" sales in December in the US.  They g...
Thursday, January 29, 2015

Nice illustration of shift in crop production in the US(1990-2015). Good lesson on Allocative Efficiency

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A nice visual showing how the allocation of agricultural land used for large scale farming has shifted in what it produces over time.  This ...
Wednesday, December 17, 2014

What came first: the egg or the California regulation on cage sizes?

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Washington Post:  California could be on the verge of a severe egg shortage, and it will affect the whole country A new regulation  is se...

"Sugary Drinks" and Dead Weight Loss. Lets go to the graphs.

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Many communities around the US  (and some other countries) have passed, or want to pass, a law that places a tax on "Sugary Drinks...

The Russian Ruble (Rouble) turns to rubble. Apple Products edition.

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This snapshot of the Russian Ruble (you see it spelled "Rouble" sometimes) value relative to the US dollar is from today's Bl...
Thursday, December 4, 2014

Cranberry production is out of control....

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The supply of Cranberrys is almost double the amount the global market commands.  Bet you did not know that.  I didn't. Here is an art...
Thursday, November 20, 2014

Losing your Cool over COOL. It is (insert any time of day)--Do you know where your food comes from?

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Here is an excellent example of a "Non-Tariff Barrier"(overt, non-monetary tax or quota) a country can impose on a good (or class...

Nice map showing the devolution of farm dependency in the US.

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This i mage is via Big Picture Agriculture  from a  report by the Kansas City Federal Reserve Bank . It shows how the US economy has devol...
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...
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