Tuesday, July 19, 2016

Negative Externality Example: The cost of methane damage to the environment.

›
This graphic comes from a study I found on the National Bureau of Economic Research (NBER) website.  It is a study that suggests producers a...

The fountain of youth: Pomegranates and the Demand Curve

›
A nice example to use with a basic Demand Curve lesson. Two of the Determinants of Demand are a "change in consumer tastes/expectatio...
Thursday, July 7, 2016

Gasoline prices and how they affect many markets. Nice practice!

›
Here is a terrific article from the WSJ  (I think it is ungated) that illustrates a bunch of introductory microeconomic concepts within the ...
Monday, July 4, 2016

Theme Park Price Index and the Disney Effect.

›
I saw this line graph on my Twitter feed from the FRED data bank. It shows the change in the price index for "Amusement and Theme Parks...
Friday, July 1, 2016

Brexit and exchange rates. A simple example.

›
Another short example of the effect "Brexit" has on trade in terms of the export and import of a finished goods from the UK . Th...
Tuesday, June 28, 2016

Brexit offers an opportunity for a short FOREX lesson.

›
The British Pound Sterling has taken a beating in the span of a few short days.  It went from about $1.46 (at times higher) to a low of $1.3...

When "structural unemployment" is actually a job creator---Bank teller edition.

›
One of the hardest things about teaching an introductory principles course like AP Economics is that, to a large degree, you have to teach m...

How depreciation of the Pound Sterling affects the Commoner.

›
Throughout the past year, the British Pound Sterling has been trading against the US dollar at roughly $1.46 (this is just an eyeball guess-...
Sunday, June 26, 2016

What is the right Minimum Wage? In typical Economics fashion: "It depends"

›
When I am asked whether or not we should have a higher minimum wage my answer is usually something like "a wage that helps all low/no s...
Wednesday, June 22, 2016

Go ahead and take a "Big Gulp" before reading this...Soda/Soft Drink Taxes and Welfare Loss

›
Recently the city of Philadelphia imposed a 1.5 cent per ounce tax on the sale of "Sugary Soft Drinks" or "SSD's" fo...
Friday, June 10, 2016

Plastic Bag Tax in the UK. Correcting for a Market Failure.

›
An important unit in AP Microeconomics is the one on "Market Failure". Specifically when there is the presence of a "Negati...
Saturday, June 4, 2016

Beer prices at Atlanta Falcons games are going down 37.5%. I predict problems will increase by more than that...

›
The professional football team Atlanta Falcons are opening a new stadium this year and have announced a drastic cut in the price of concessi...

GDP and Water...

›
Found this on Twitter so it must be true... If true, it is interesting that 50% (about $9 Trillion dollars) of GDP is produced in concentr...
View My Stats